PPDT - PP-XLF = 13.80 - 8/23 Monday

[abdogman]

macd (NS) neg on 1m for xlf fas
BB's spread and still lspreading on 1m for xlf fas faz
Faz on upper channel
xlf 13.76 on 1m

[abdogman]

xlf 13.74 on 1m S1 is 13.73

[jack]

I said "fade the close" - NOT murder it!!!!

lol!!!

[ukarlewitz]

jfahmy
Weak markets tend to be strong in the morning (to trap the longs) and close weak, use caution

[abdogman]

xlf 13.75 on 1m macd just pos on 1m for xlf fas

[ccash04]

Small Caps continue to get pummelled.. I'd like to see a rally in IWM there is some support around 60.

[Clinton SPX]

check out that L green support line hanging in there

Attachments:

[abdogman]

those BB's on 1m xlf fas faz are narrowing again
xlf 13.74 on 1m

[ccash04]

Well at least MOS is doing well and Ag names are performing ok.

[abdogman]

eur/ and aud/ on 1m narrowing also
xlf 13.745 on 1m

[abdogman]

out Faz sold 1000 sh @16.24

bought @16.06 .........LOL better than a LOSS


Good Night Gang ........thx for the Input ....see you in the AM

[jack]

Well...that isn't good.

[jack]

Aug 23, 2010 15:00:14 GMT -5 abdogman said:

out Faz sold 1000 sh @16.24

bought @16.06 .........LOL better than a LOSS


Good Night Gang ........thx for the Input ....see you in the AM

WTG Rog!!!

[Dualism]

Utility Index was the oddball today among the majors, closing higher .56%.




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[Dualism]

www.cnbc.com/id/38817908

Investors queasy over whether there's anything that can be done to boost the flagging US economy could get a trillion-dollar answer this week from the Federal Reserve.

Investors will be focused on this week's Fed summit at Jackson Hole to determine what the central bank will do.
When officials from the central bank emerge from this week's Jackson Hole, Wyo., retreat, they will likely disclose the latest in the arsenal of so-called "quantitative easing" measures.

The term has become a regular part of investor vernacular since the beginning of the financial crisis. Primarily, it describes the various measures the Fed has taken and will take to keep money flowing in a recessionary economy—"printing money," as some say.

How the latest steps get implemented likely will be a cornerstone of the address Fed Chairman Ben Bernanke will deliver Friday.

"Traders are going to be paying attention to whether or not he talks about quantitative easing and whether he downgrades the economic projections even more," says Quincy Krosby, strategist at Prudential Financial in Newark, N.J.

"If he does, it's almost a foregone conclusion that he's setting the stage for major quantitative easing," Krosby adds. "There is growing acceptance that if the data continue to deteriorate, the Fed will embark upon major quantitative easing to the tune of perhaps a trillion dollars."

So what does that mean to investors?

Quantitative easing—or "QE" as it has become known—looks to increase money in the economy. For the Fed, the most prevalent tool is the cutting of its funds rate, which in turn pushes other rates lower.

But the Fed can no longer cut rates, as the funds rate is near zero. So it will have to use other measures. The most likely under consideration being the purchase of Treasurys and perhaps other debt-backed instruments, such as auto loans and credit card securities—in the interest of driving down rates and making capital more accessible for consumers and businesses.

-------------------------------------------

Can you imagine the Fed considering buying CREDIT CARD SECURITIES?

[Dualism]

I'd say let's have collection agencies securitize the non-performing accounts and then sell them to the Fed.

That ought to get reflation back on track.

[ukarlewitz]

MarketTells
Late-day jump in call volume sends CBOE equity put/call ratio down to .39, lowest close in four months & 3rd lowest of year $$

(hmm, somebody knows something)

jimcramer
index charts are awful - ow.ly/2ttRx

bespokeinvest
Cramer's recent comments show how bearish market pundits are: soc.li/qtY20VN $$ Contrarians should now be betting on upside.

(to wit, the first and second pts above)

[ukarlewitz]

Insiders are buying, and the "dumb money" indicator is neutral but nearly becoming more bearish (i.e., bull signal). Another week of downside pressure will likely set up another buying opportunity in the near future as lower prices will bring out the bears. How sustainable will this buying opportunity be is the only question. In recent months, bearish extremes in investor sentiment have led to quick rallies (1-2 weeks) on lackluster volume that have been prone to fail. In other words, the markets aren't going anywhere fast, and the risk of failure is mounting.

thetechnicaltakedotcom.blogspot.com/2010/08/investor-sentiment-heading-in-right.html#more

[ukarlewitz]

I flush to 105 would be perfect; bearish sentiment would spike as we retest a very nice bottom rail.

[ask2lern]

Aug 23, 2010 16:48:42 GMT -5 ukarlewitz said:

MarketTells
Late-day jump in call volume sends CBOE equity put/call ratio down to .39, lowest close in four months & 3rd lowest of year $$

(hmm, somebody knows something)

Damm I was hoping nobody saw my trade ;D ;D............I seriously did consider a small o/n position on SPY calls decided to stay on the sidlines until I get the "feel" back"..........LOL

[elle]

$$ flo pos