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Post by jack on Aug 25, 2010 9:10:55 GMT -5
last time fas/faz crossed it lasted only intraday and that was our bottom and we also took out that 13.34 on xlf We might just climb out of this but tomorrow? I'm using drn today...toll bros and all Agree...tomorrow's Jobless Report is rather worrisome (and I think we all know what its gonna tell...)
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Post by theMIST on Aug 25, 2010 9:12:02 GMT -5
Should have been bottom fishing for FAS.
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Post by cashfilly on Aug 25, 2010 9:16:14 GMT -5
Should have caught dt on tza and just watching now....
Watch those pet stats....this time they will mean something......last week unexpected down....we are grasping at straws right now.....and I have to say Cramer had to scare a lot of average retail investors last night with his H&S theory.....I've been out since Monday am....for long term and am not shopping....that being said i will trade everything i can get my hands on
Grabbing drn on pullbacks look to be the trade so far for me....
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Post by brosin on Aug 25, 2010 9:18:58 GMT -5
Morning all - sorry I did not provide the daily reading. I was out all night and have a busy morning today. I'll check the sites out a little later and see if there's any especially good articles to post.
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Post by abdogman on Aug 25, 2010 9:19:33 GMT -5
xlf 13.38 on 1m macd pos xlf fas on 1m momo on 1m to xlf fas
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Post by abdogman on Aug 25, 2010 9:20:38 GMT -5
BB's narrowing now on 1m xlf fas faz
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Post by jack on Aug 25, 2010 9:27:54 GMT -5
xlf 13.38 on 1m macd pos xlf fas on 1m momo on 1m to xlf fas VIX meh...but $'s gaining...
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Post by jack on Aug 25, 2010 9:30:32 GMT -5
GS & JPM looking good but BAC sucky
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Post by cashfilly on Aug 25, 2010 9:32:11 GMT -5
Anyone think some pressure was put in on the dollar to soften the blow on housing data dollar moving back up now....that puts a wedge in the deal watching for pet stats
Very Bearish number....Crude up 4.1 Mill barrells Dist=Build Gas=Build
Talk of oil at 65? DTO high but....
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Post by abdogman on Aug 25, 2010 9:32:11 GMT -5
Dept of Energy reports that:
* Crude oil inventories had a build if 4108K (consensus is a build of 300K) * Gasoline inventories had a build of 2273K (consensus is a draw of 450K) * Distillate inventories had a build of 1763K (consensus is a build of 1,000K) * The change in refinery utilization was -2.3% (consensus was -0.45%)
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Post by jack on Aug 25, 2010 9:33:11 GMT -5
Triple touch on the FAS's S1 mark - now going red
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Post by abdogman on Aug 25, 2010 9:34:38 GMT -5
macd neg on 1m last 2 mins on xlf fas xlf 13.35 on 1m
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Post by jack on Aug 25, 2010 9:35:28 GMT -5
Triple touch on the FAS's S1 mark - now going red Cash - would you say that that 10:20am doji 10min candle on FAS was the tell?
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Post by cashfilly on Aug 25, 2010 9:36:24 GMT -5
so much for a comeback.... I now have not a clue.....looks again like another tza opportunity....I'm sidelined...taking a break and watching for more info....
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Post by abdogman on Aug 25, 2010 9:38:11 GMT -5
xlf 13.33 on 1m
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Post by clearwaters on Aug 25, 2010 9:39:20 GMT -5
"...soften the blow on housing data." DRV is almost level for the day. What's up with that? Anybody know why it shouldn't be raging?
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Post by abdogman on Aug 25, 2010 9:39:46 GMT -5
BB's on 1m xlf fas faz spreading now xlf still 13.33 macd neg on 1m xlf fas
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Post by cashfilly on Aug 25, 2010 9:41:34 GMT -5
Jack wrote: would you say that that 10:20am doji 10min candle on FAS was the tell?
sure looks like it....oil was just too bearish after housing and the dollar is rising to much....now vix up...the environment is just plain Tough! looks to me like it's time for the tax cuts to be extended....stop the bleeding and then really fix the problems one page at a time
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Post by theMIST on Aug 25, 2010 9:42:48 GMT -5
Clear,
I can't understand it either. DRN has been strong today compared to Fins, Tech. I thought after the housing numbers DRV would have ran.
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Post by exabi on Aug 25, 2010 9:43:35 GMT -5
"...soften the blow on housing data." DRV is almost level for the day. What's up with that? Anybody know why it shouldn't be raging? Homebuilders up www.google.com/finance?q=toll
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Post by cashfilly on Aug 25, 2010 9:43:45 GMT -5
a couple of nice dt's here on tna and fas...not too late to catch it in drn.....just difficult with dollar new hod
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Post by Clinton SPX on Aug 25, 2010 9:46:04 GMT -5
last time fas/faz crossed it lasted only intraday and that was our bottom and we also took out that 13.34 on xlf We might just climb out of this but tomorrow? I'm using drn today...toll bros and all Agree...tomorrow's Jobless Report is rather worrisome (and I think we all know what its gonna tell...) Will this be the final flush that reverses the market? I think odds are good
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Post by abdogman on Aug 25, 2010 9:47:24 GMT -5
macd back pos last 3 mins on 1m xlf fas xlf 13.37 on 1m
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Post by jack on Aug 25, 2010 9:49:02 GMT -5
Seeing b/t's on the EUR/USD 5min but nuthin' as promising on the UUP's 10min
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Post by jack on Aug 25, 2010 9:51:52 GMT -5
Seeing b/t's on the EUR/USD 5min but nuthin' as promising on the UUP's 10min UUP - triple touch on the high: GOOD SIGN!!!
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Post by jack on Aug 25, 2010 9:57:16 GMT -5
Euro losing again - pfthhhhh!
T/t's on XLF's 5min
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Post by cashfilly on Aug 25, 2010 9:57:50 GMT -5
And the cross is over....kind of like a fire drill
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Post by abdogman on Aug 25, 2010 9:57:59 GMT -5
xlf 13.40 on 1m
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Post by abdogman on Aug 25, 2010 9:58:45 GMT -5
Chart action is Whacked this AM since the Pet Stats
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Post by jack on Aug 25, 2010 9:59:05 GMT -5
BACs "moving on up"...GS too
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