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Post by abdogman on Jul 9, 2010 9:04:36 GMT -5
BB's spreading on Vix 1m it is falling macd pos for last 4 mins on xlf fas xlf 14.33 on 1m
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Post by ukarlewitz on Jul 9, 2010 9:07:31 GMT -5
tick pushing past 1000 - the 1100 tick early yesterday marked the top.
Should we be concerned about the little squirrel in the big apple?
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Post by Dualism on Jul 9, 2010 9:15:55 GMT -5
Courtesy of B Shannon. Uploaded with ImageShack.usThe market made what we can now consider to be an important intermediate term higher low at 105.90, this level also coincides approximately with the 38.2% retracement of the 6/21 high to the 7/1 low. It is also interesting to note that the VWAP from the 6/21 high through yesterdays close is ~106.15 which can be loosely interpreted that the average long participant is making money above that level and the average short position is losing money above it. The gap from 6/29 is the next upside level which will be the focus of many traders, that level is 107.53 and above that its the 61.8% retracement of the range which is ~108.63. The market is carving out higher highs and higher lows above a 5 DMA and until that pattern is broken, the buyers remain in control of the intermediate term trend, but it comes in the context of a larger downtrend on the daily timeframe which makes it difficult to trust. While we have mixed messages from various timeframes it remains a traders market.
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Post by abdogman on Jul 9, 2010 9:19:16 GMT -5
BB's spreading on Eur 1m its rising macd pos xlf fas for last 7 mins on 1m xlf 14.39 on 1m
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Post by abdogman on Jul 9, 2010 9:19:41 GMT -5
BB's closing quickly on vix 1m
xlf 14.42 on 1m
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Post by ukarlewitz on Jul 9, 2010 9:25:09 GMT -5
AKS - at gap fill and at its flat 20dma. It has not be able to exceed the 20dma since it started its decline, like a lot of stocks. In other words, its run out of room, unless the trend has changed.
GS - its 20dma is upsloping today for the first time since The Event. The 5 is challenging the 20dma. 140 is the 50dma and big R. Like Aks, it has either run out of room, or the trend has changed.
Spy going to challenge 20dma now.
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Post by abdogman on Jul 9, 2010 9:30:54 GMT -5
BB's opened slightly on vix 1m after the hard closing but are staying narrow and not much change
BB;s turning in slightly on 1m for xlf and fas who's maCD is neg for last 3 mins
xlf 14.38 on 1m
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Post by abdogman on Jul 9, 2010 9:32:52 GMT -5
Bb's now closing on 1m for xlf fas faz and Eur , Vix
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Post by Rich on Jul 9, 2010 9:35:48 GMT -5
Nice channel, riding the top, maybe drop a bit? Uploaded with ImageShack.us
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Post by jack on Jul 9, 2010 9:37:09 GMT -5
Bb's now closing on 1m for xlf fas faz and Eur , Vix Euro up since the open here...VIX's macd's pos tho'
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Post by abdogman on Jul 9, 2010 9:37:58 GMT -5
still closing(BB's)
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Post by Dualism on Jul 9, 2010 9:39:33 GMT -5
U.S. securities regulators are moving quickly to tighten rules for market makers and eliminate so-called stub quotes, to ensure there is liquidity during stressful times, according to sources familiar with the discussions. Aiming to avoid a repeat of the stock market's "flash crash" on May 6, the U.S. Securities and Exchange Commission and big exchanges are eyeing minimum obligations for market-making firms that would force them to submit quotes that are less than 10 percent away from a stock's current price, three sources said. One key response was new market-wide circuit breakers, adopted last month, that halt trading when a stock moves 10 percent within five minutes. The new market-making obligations would force registered firms to quote inside that 10 percent band, the sources said. An 8 percent quote band is one option being considered, one source said. www.cnbc.com/id/38165450
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Post by ukarlewitz on Jul 9, 2010 9:39:56 GMT -5
Bespoke - Earlier in the week we noted that advisor sentiment was the most negative it has been in nearly a year. Yesterday, we saw that individual investors are even more bearish. According to the weekly survey by the American Association of Individual Investors (AAII), bearish sentiment has risen to 57.07%. This is the highest level since March 2009, surpassing the peaks of last November and July.
I like very much.
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Post by Dualism on Jul 9, 2010 9:44:46 GMT -5
Euro Top 100 clears the 20 dsma with another solid gain today. Uploaded with ImageShack.us
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Post by abdogman on Jul 9, 2010 9:46:42 GMT -5
1m BB's xlf fas fas and eur vix staying narrow for now
xlf at 14.40
we bounced off Spy R1
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Post by ukarlewitz on Jul 9, 2010 9:46:55 GMT -5
Junk bonds - although down slightly today, they broke a down trend line from the early May peak to the upside yesterday. Risk trade on data point. There's a pivot just above the 200dma that is now being challenged.
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Post by jack on Jul 9, 2010 9:51:14 GMT -5
BB's spreading on Vix 1m it is falling macd pos for last 4 mins on xlf fas xlf 14.33 on 1m Topping tails on the FAS 10min watch it Sloop!
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Post by abdogman on Jul 9, 2010 9:52:17 GMT -5
BB's on vix and eur 1m spreading some now vix has gone up for last 10 mins
xlf 14.385 on 1m
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Post by Dualism on Jul 9, 2010 9:52:37 GMT -5
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Post by Rich on Jul 9, 2010 9:55:01 GMT -5
Is it me or does it look like FAS is about to take off?
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Post by ukarlewitz on Jul 9, 2010 9:56:36 GMT -5
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Post by Dualism on Jul 9, 2010 9:58:09 GMT -5
With the VIX having tamed considerably this week, down to a readin of around 25, the 'expected' daily range in SPX is now roughly 1.5% or 16 points per day.
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Post by jack on Jul 9, 2010 9:58:41 GMT -5
Is it me or does it look like FAS is about to take off? I don't see how that can happen Rich when the SPX's macd's are about to go neg imminently...
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Post by abdogman on Jul 9, 2010 9:58:47 GMT -5
eur dropping on 1m now and vix rising
xlf 14.37 on 1m
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Post by ukarlewitz on Jul 9, 2010 10:00:59 GMT -5
bpspx - pos divergence in rsi and macd (rising with bpspx falling).
All eyes are on the channel top rails. Seems like Mr Market would want to do a little head fake here, go lower to bring on the shorts and then, jiu jitsu.
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Post by Rich on Jul 9, 2010 10:01:14 GMT -5
I was scoping that too, Jack. Still, you know our girl Fassie, she has a mind of her own
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Post by jack on Jul 9, 2010 10:02:52 GMT -5
eur dropping on 1m now and vix rising xlf 14.37 on 1m "Yeh...what HE SAID!!!" I feel like some donuts...every once in a while my (relatively short) career as a US Federal Officer surfaces.
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Post by abdogman on Jul 9, 2010 10:07:16 GMT -5
BB's tight on 1m xlf fas faz coming in on 1m for eur vix
xlf at 14.37 on 1m
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Post by Dualism on Jul 9, 2010 10:08:48 GMT -5
LONDON (MarketWatch) -- In the polite world of international economics, the International Monetary Fund and the European Central Bank are engaging in the verbal equivalent of hand-to-hand combat.
The two organizations -- both led by members of the French establishment (Dominique Strauss-Kahn of the IMF, Jean-Claude Trichet of the ECB) -- are at odds at whether the European debt crisis is over.
Stress tests key to easing Europe's uncertainty Transparent European bank-stress tests can help ease the uncertainty that has plagued the markets this year, providing a worst-case scenario on which confidence can be rebuilt
The European Central Bank says, for all intents, it is. Greece has been drawing from a 110 billion euro ($139 billion) rescue package, and another 750 billion euros has been earmarked for any other country, be it Spain, Portugal or Italy -- that slides into the abyss.
The yield on 10-year Spanish bonds has been holding below 5%, the euro is on the mend, the maturation of the 442 billion euro one-year tender passed without incident and bank share prices have rallied since details of the European stress tests for July 23 have emerged.
The IMF says, not so fast.
European governments still have 300 billion euros of bonds they will need to refinance in the second half of the year, it says.
Banks are hoarding cash at the ECB, non-financial European corporates are largely absent from the bond market, the economic impact from the austerity measures rolled out throughout Europe still has to be felt, and it's unclear who will inject capital into banks that fail their stress tests.
The IMF has a point, and the market is largely siding more with the Washington-based organization than the Frankfurt-based one.
Yes, sovereign bond yields aren't as high as the worst levels of the crisis in May. But they are still pretty bad, and actually have been slowly but steadily increasing since the ECB began buying government bond debt.
Trichet was right on Thursday when he said market pessimism toward Europe was overplayed, and pre-stress test criticism by the IMF and others is overwrought -- any simulation assuming the European economy will contract by as much as 2% this year is pricing in a pretty severe stress.
Still, the IMF is asking very valid questions. And until bank and national government balance sheets are recapitalized, the market will be asking them too.
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Post by abdogman on Jul 9, 2010 10:18:24 GMT -5
macd neg last 6 mins on 1m for xlf fas xlf 14.34 on 1m BB's still narrow on 1m xlf fas faz
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