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Post by brosin on Aug 30, 2010 13:46:19 GMT -5
Au contraire, I am plenty ugly enough! ;D Hmmmm...sounds like the makings of new kind of FAStopian contest here! LOL (But are we talkin' "ugly" or are we talkin' "Uuuuuugly?" haha I was going to insert a picture here, but most of them were too disgusting to look at (to see what I mean, type "ugly" into google and look at images). ;D
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Post by ccash04 on Aug 30, 2010 13:47:56 GMT -5
Is there ewer a time w/o squid? I seem to see them all day ewery day. No and weekly options only tends to makes this more apparent.
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Post by ukarlewitz on Aug 30, 2010 13:48:01 GMT -5
alphatrends the weekly chart of $SOL looks great, $SOLR too
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Post by abdogman on Aug 30, 2010 13:48:03 GMT -5
BB's on 1m xlf fas faz tighter now macd just neg on xlf fas on 1m xlf 13.55 on 1m
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Post by jack on Aug 30, 2010 13:48:14 GMT -5
T/t's...not a good sign (10min FAS candles)
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Post by abdogman on Aug 30, 2010 13:50:43 GMT -5
xlf 15.539 on 1m
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Post by elle on Aug 30, 2010 13:52:51 GMT -5
60' 5/20 cross down 3:00
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Post by elle on Aug 30, 2010 13:55:37 GMT -5
Is there ewer a time w/o squid? I seem to see them all day ewery day. No and weekly options only tends to makes this more apparent. thanks, C, cos has tried to splain it to me at least a couple times, but it eludes me
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Post by jack on Aug 30, 2010 13:56:48 GMT -5
Pls focus on your trading Bros, but why doesn't Goog have a picture of the SPX going down there under "ugly?"
lol
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Post by brosin on Aug 30, 2010 13:58:36 GMT -5
Pls focus on your trading Bros, but why doesn't Goog have a picture of the SPX going down there under "ugly?" lol My trading consists of watching my 4-8 wk FAS trade get redder
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Post by ukarlewitz on Aug 30, 2010 14:01:02 GMT -5
WSJ - Short Seller on Vacation
Short sellers stayed on vacation this summer, even as the U.S. economic outlook darkened.
Since April, investors placing bets that the U.S. stock market will go down have been noticeably absent. Oddly, their departure coincides with an increasing flow of sluggish economic data that have weighed on stocks since the end of the second-quarter earnings season. But traders have been wary of placing bets that the market's recent downturn is here to stay.
Since this spring, short positions on the broad Standard & Poor's 500-share index have hovered around 4.3% of the shares available, according to Bespoke Investment Group. That is a steep drop from August 2008, when roughly 6% of shares on float were short, Bespoke found. In order to short a stock, a trader borrows a share and sells it, hoping to repurchase the stock at a lower price to make a profit.
Investors have been no less willing to go short on small-capitalization stocks, which until recently outperformed their larger counterparts but stand to slide further if the economic recovery slows. Short interest in the S&P SmallCap 600 index is currently around 8.3%, down from roughly 17% in August 2008.
"You've seen short interest completely flat-lining," said Paul Hickey, co-founder of Bespoke. "What we're seeing now is almost as rare as the volatility we saw in 2008 and 2009."
The decline in short selling has swept across sectors broadly, according to Bespoke. Still, short interest in banks, financials and real-estate stocks has dropped to the lowest levels in a year. And within a narrow range, short interest has ticked up recently for energy, insurance and semiconductor companies.
"The semiconductors—up until a few weeks ago—were one of the few groups that have been stronger," said John Wilson, technical analyst at Morgan Keegan. "When the market begins to weaken, shorts tend to gravitate toward the things that haven't gotten hit the most."
OPT CUT:The Philadelphia Semiconductor Index had a minor breakdown last week, sliding near its February lows around 310, but had a significant rally on above-average volume on Friday, Mr. Wilson noted. If the index continues its Friday rally, it could approach its 50-day moving average near the 344 level. It would likely see support near the 310 level if it takes a downturn. The index recently traded at 318.5. UPDATE
It is hard to pinpoint exactly why short selling has dropped out of vogue. Uncertainty over the economic recovery is likely the predominant factor. Other s often cite questions over the implications of the coming midterm congressional elections.
"People seem to be using the election as the No. 1 excuse to sit on their hands," Mr. Hickey said.
Investors confused by the market's frequent pivots may find it safer to retreat from making even short-term bets on what's next, said John Stoltzfus, senior market strategist at Ticonderoga Securities. "The market at this point is almost at a daily repricing either to the upside or downside, depending on the economic data du jour," Mr. Stoltzfus said. "It makes it very difficult for investors who are trying to, at least on a short-term basis, position themselves short of the market."
Companies, at least, aren't bemoaning the flight of short sellers, whose bearish bets can help drive down their stock prices. But short selling does provide liquidity to the market and can add welcome movement during the summer doldrums.
"There's a complete lack of interest from investors on either side," Mr. Hickey said. "It's kind of concerning. At least when there's short interest increasing during periods of market weakness, you have activity by investors. Right now, they're just apathetic."
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Post by brosin on Aug 30, 2010 14:02:59 GMT -5
Very interesting - didn't have any idea.
Thanks UK
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Post by elle on Aug 30, 2010 14:03:15 GMT -5
wish we had gone to 1050, S here iwm and then 60.50, 60.20, off for today, thanks all.
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Post by elle on Aug 30, 2010 14:07:06 GMT -5
oh, oh, I really stoopid, so far this b/t of Fri b/o on the daily if we hold
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Post by jack on Aug 30, 2010 14:08:59 GMT -5
Pls focus on your trading Bros, but why doesn't Goog have a picture of the SPX going down there under "ugly?" lol My trading consists of watching my 4-8 wk FAS trade get redder I too have been relegated to the LFT set because of that phenom... (Low Frequency Trader) LOL!!! ;D
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Post by abdogman on Aug 30, 2010 14:10:34 GMT -5
xlf 13.51 on 1m macd neg
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Post by abdogman on Aug 30, 2010 14:17:51 GMT -5
xlf 13.49 on 1m
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Post by abdogman on Aug 30, 2010 14:24:09 GMT -5
out 500 sh TZA sell 37.85 bought 37.54 ........that was different
*********************
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Post by abdogman on Aug 30, 2010 14:24:31 GMT -5
taking 10 mins here.....
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Post by maxi on Aug 30, 2010 14:35:24 GMT -5
Need a break from TZA huh? That thing is wild!
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Post by ukarlewitz on Aug 30, 2010 14:39:02 GMT -5
MarketTells 90% down volume? Not likely. Since 1990, zero cases of 90% down volume day immediately after 90% up volume. Currently 85%
This is why this thing just needs to settle first. It's hard to be less trendless, apparently.
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Post by abdogman on Aug 30, 2010 14:43:34 GMT -5
i'm back...xlf 13.50 on 1m macd now pos xlf fas faz on 1m BB's still narrow
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Post by abdogman on Aug 30, 2010 14:47:52 GMT -5
xlf 13.47 on 1m
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Post by abdogman on Aug 30, 2010 14:56:47 GMT -5
back in TZA kxlf 13.45 on 1m
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Post by abdogman on Aug 30, 2010 15:01:25 GMT -5
Good Night Gang......Thx for the input and support......SEE YA in the AM
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Post by ukarlewitz on Aug 30, 2010 15:01:32 GMT -5
MarketTells 90% down volume? Not likely. Since 1990, zero cases of 90% down volume day immediately after 90% up volume. Currently 85% This is why this thing just needs to settle first. It's hard to be less trendless, apparently. Final: 90.4% down day, first time ever after a 90% up day the day before. Trade 'em!
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Post by ukarlewitz on Aug 30, 2010 15:10:16 GMT -5
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Post by deadmoney95 on Aug 30, 2010 15:19:38 GMT -5
Update from Carl Futia by Carl Futia From Thursday's high at 1061.75 to Friday's low at 1037.25 the ES dropped 24.50 points. A drop of the same size from this morning's early high at 1072.75 would stop at 1048.25, vs. today's low thus far of 1046. If this market is about to rally as I expect we should see strength above the 1050 level early tomorrow. Failing that I think a further drop at least to 1025 and probably to 1010 will be the next development.
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Post by natsalilfly on Aug 30, 2010 15:31:05 GMT -5
Update from Carl Futia by Carl Futia From Thursday's high at 1061.75 to Friday's low at 1037.25 the ES dropped 24.50 points. A drop of the same size from this morning's early high at 1072.75 would stop at 1048.25, vs. today's low thus far of 1046. If this market is about to rally as I expect we should see strength above the 1050 level early tomorrow. Failing that I think a further drop at least to 1025 and probably to 1010 will be the next development. Sounds good, 1050 or I'm leavin' the party early tomorrow.
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Post by maxi on Aug 30, 2010 16:42:31 GMT -5
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