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Post by Dualism on Jul 8, 2010 9:16:32 GMT -5
Europe is having its 3rd solid day higher. Euro top 100 is right up to its 20 and 50 dsma. 200 dsma isn't far off. Uploaded with ImageShack.us
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Post by abdogman on Jul 8, 2010 9:25:45 GMT -5
BB's on xlf fas faz spreading xlf and fas rising xlf at 14.31 macd pos last 10min or so on xlf and fas eur rising vix falling
Kermit is happy
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Post by abdogman on Jul 8, 2010 9:31:30 GMT -5
BB's narrowing on xlf fas faz on 1m macd just went neg on 1m for xlf fas xlf 14.28 on 1m
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Post by jack on Jul 8, 2010 9:33:16 GMT -5
BB's narrowing on xlf fas faz on 1m macd just went neg on 1m for xlf fas xlf 14.28 on 1m Parabolic formed OVER SPY w/ its OBV sucking 30" mercury and macd's crossing neg
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Post by Dualism on Jul 8, 2010 9:36:34 GMT -5
The big picture mover today is the price action in Treasurys. As equity investors I wouldn't discount its message: Likelihood of double-dip diminishing. Uploaded with ImageShack.us
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Post by timber on Jul 8, 2010 9:39:21 GMT -5
any of you smart guys buying this next dip then
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Post by abdogman on Jul 8, 2010 9:40:18 GMT -5
BB's curling in on Eur 1m BB's spreading on xlf fas faz 1m xlf 14.25 on 1m
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Post by abdogman on Jul 8, 2010 9:41:14 GMT -5
any of you smart guys buying this next dip then OH MAN WHAT AN AVATAR!!!!!!!HEHEHEHEH
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Post by abdogman on Jul 8, 2010 9:42:16 GMT -5
BB's spreading slowly on Eur 1m and it is dropping
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Post by ukarlewitz on Jul 8, 2010 9:44:06 GMT -5
Sentiment from WSJ:
Individual investors are getting scared. That could be a good thing.
Just 25% of members tracked by the American Association of Individual Investors are bullish on stocks. Nearly 42% are bears. It's unusual for downbeat investors to outnumber bulls by so much in this poll, says Mike O'Rourke, BTIG's chief market strategist, who has studied more than 20 years of this data.
He argues growing bearishness is actually, well, bullish, because it suggests that many investors are on the sidelines and jump back into the market on good news. "If there was only one technical/sentiment indicator I could have, this would be it," says Mr. O'Rourke.
But investors can take their time phoning brokers, counters James Bianco of Bianco Research. Only some 25% of AAII members were bullish on November 27, 2008, he notes.
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Post by jack on Jul 8, 2010 9:45:47 GMT -5
any of you smart guys buying this next dip then ...lets me out...
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Post by jack on Jul 8, 2010 9:47:41 GMT -5
SPYs OBV & Momo now sucking 35" mercury
DON'T hold that thought!
SPYs parabolic now UNDER and macd's crossing positive on the 1min....OBV up slightly
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Post by ukarlewitz on Jul 8, 2010 9:53:30 GMT -5
I'm guessing gap fill. That also has prior S. The high tick out of the gate was the tell. We're a little too hot here.
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Post by abdogman on Jul 8, 2010 9:54:20 GMT -5
xlf dropping now 14.185 on 1m macd xlf fas neg on 1m for 3m's
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Post by jack on Jul 8, 2010 9:54:30 GMT -5
SPYs OBV & Momo now sucking 35" mercury DON'T hold that thought! SPYs parabolic now UNDER and macd's crossing positive on the 1min....OBV up slightly Things change abruptly on the 1min...parabolic now over and things heading south again.
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Post by abdogman on Jul 8, 2010 9:55:40 GMT -5
BB's narrowing on Vix and Eur 1m
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Post by timber on Jul 8, 2010 9:56:06 GMT -5
where to jack
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Post by jack on Jul 8, 2010 9:58:54 GMT -5
I'm guessing gap fill. That also has prior S. The high tick out of the gate was the tell. We're a little too hot here. Y'all see this one from yest?
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Post by ukarlewitz on Jul 8, 2010 10:00:10 GMT -5
Euro - Pull up a daily on FXE. You can see that we are challenging the Dec 09 down trend line for the 4th time and have actually pulled above the 50dma for the first time in the past few days. The 5 and 20dmas are in their most significant uptrend of the year. We're at the critical juncture, clearly. This is right when it normally fails; CCI is near 200 (failure point) and the same is true for stoch and RSI. These show strength (RSI is >65) but this is where is has crapped every time since Dec.
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Post by abdogman on Jul 8, 2010 10:02:13 GMT -5
BB's open on 1m Vix and it is moving up xlf on 1m 14.16 BB's spreading also fas and faz
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Post by jack on Jul 8, 2010 10:02:48 GMT -5
I was hoping to just gapfill but looks like Mr Market has a different idea... VIX is up who are all these scaredy cats?
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Post by abdogman on Jul 8, 2010 10:07:19 GMT -5
1103EDT
Summary of Weekly Petroleum Data for the week ending July 2 Production: U.S. crude oil refinery inputs averaged 15.2 mln bpd during the week ending July 2, 135 thousand bpd above the previous week's avg. Refineries operated at 89.8 percent of their operable capacity last week. Gasoline production decreased last week, averaging 9.4 mln bpd. Distillate fuel production decreased last week, averaging 4.4 mln bpd... Imports: U.S. crude oil imports averaged 9.4 mln bpd last week, down 68 thousand bpd from the previous week. Over the last four weeks, crude oil imports have averaged 9.7 mln bpd, 449 thousand bpd above the same four-week period last yr. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 1.3 mln bpd. Distillate fuel imports averaged 297 thousand bpd last week... Inventory: At 358.2 mln barrels, U.S. crude oil inventories are above the upper limit of the avg range for this time of yr. Total motor gasoline inventories increased by 1.3 mln barrels last week, and are above the upper limit of the avg range. Finished gasoline inventories decreased while blending components inventories increased last week. Distillate fuel inventories increased by 0.3 mln barrels, and are above the upper boundary of the avg range for this time of yr. Propane/propylene inventories increased by 1.9 mln barrels last week and are in the middle of the avg range. Total commercial petroleum inventories increased by 0.4 mln barrels last week... Demand: Over the last four weeks, motor gasoline demand has averaged 9.4 mln bpd, up by 2.0 percent from the same period last yr. Distillate fuel demand has averaged 3.8 mln bpd over the last four weeks, up by 15.8 percent from the same period last yr. Jet
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Post by Dualism on Jul 8, 2010 10:08:52 GMT -5
At first I thought it was Timber's excessive belly-fat sadism. But at 2nd thought it may be soccer withdrawal symptom. Uploaded with ImageShack.us
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Post by exabi on Jul 8, 2010 10:11:42 GMT -5
At the first I thought it was Timber's excessive belly-fat sadism. But at 2nd thought it may be soccer withdrawal symptom. Just be thankful he did not use the shower scene avatar he was considering. If it's the one I am thinking of, you'd be wiping hurl off your keyboard and monitor.
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Post by ukarlewitz on Jul 8, 2010 10:19:17 GMT -5
That's a nice little i/h/s on FXE as well.
Hmm, copper weak today. Retracing a lot of yesterday's gains. Needs to show some more strenth; the 20dma is turned up and macd rising. RSI is struggling at 50. Don't want a lower H here. Its still touch and go.
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Post by abdogman on Jul 8, 2010 10:22:34 GMT -5
BB's on Vix 1m tight.. xlf 14.20 on 1m
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Post by abdogman on Jul 8, 2010 10:23:58 GMT -5
BB's on Eur 1m starting to get wider ...Eur dropping
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Post by Dualism on Jul 8, 2010 10:28:10 GMT -5
Its short-term trend is still looking intact. Being pulled by China's RE news? Uploaded with ImageShack.us
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Post by exabi on Jul 8, 2010 10:29:43 GMT -5
That's a nice little i/h/s on FXE as well. Hmm, copper weak today. Retracing a lot of yesterday's gains. Needs to show some more strenth; the 20dma is turned up and macd rising. RSI is struggling at 50. Don't want a lower H here. Its still touch and go. Copper has a H&S forming for the last 30 days - could be the Rt shoulder forming now. finviz.com/futures_charts.ashx?t=HG&p=d1
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Post by jack on Jul 8, 2010 10:30:08 GMT -5
BB's on Eur 1m starting to get wider ...Eur dropping Yeh it is now at lod as european mkts close their old world doors.
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