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Post by ccash04 on Jul 14, 2010 13:15:52 GMT -5
Thank goodness I closed my IWM position an hr and a half ago. GOOG calendar spread up ever so slightly.
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Post by ccash04 on Jul 14, 2010 13:17:23 GMT -5
well I guess the tell was OBV and VWAP which never really lined up w/todays rise.
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Post by jack on Jul 14, 2010 13:17:56 GMT -5
vix 5m has moved steadily up since 1250EDT Had a BLT (without the B cuz I run out) for lunch. I'm happy! ;D
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Post by jack on Jul 14, 2010 13:19:23 GMT -5
Bottoming tails on the FAS 10min?
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Post by jack on Jul 14, 2010 13:21:21 GMT -5
Bottoming tails on the FAS 10min? Parabolic UNDER the SPY 1min
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Post by abdogman on Jul 14, 2010 13:22:17 GMT -5
BB's tight on xlf fas faz on 1m coming in on eur 1m xlf fas macd now pos xlf 14.68 on 1m
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Post by elle on Jul 14, 2010 13:22:30 GMT -5
n/l broke, b/t to see if for real
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Post by ccash04 on Jul 14, 2010 13:22:50 GMT -5
To me FAS chart on 5 min looks like h/s maybe further to fall right now it could be retest of neckline around 22.80?
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Post by jack on Jul 14, 2010 13:24:32 GMT -5
Today's FOMC minutes of the June 23-23 meeting show Fed District Bank presidents and Board governors downgrading their forecast for the economy slightly. However, they believe conditions do not warrant more accommodative monetary policy. The FOMC participants favor a gradual return to the pre-crisis status of the Fed's balance sheet with most saying sales of assets should be deferred for some time. All continue to see a moderate recovery continuing. However, productivity gains likely will keep unemployment relatively high. For real GDP, the Fed's forecast for 2011 has been nudged down to a range of 3.0 to 3.5 percent versus 3.2 to 3.7 percent in April. The inflation forecast also has been tapped down. Basically, the Fed sees the recovery continuing but a pace not as strong as previously believed. The minutes are consistent with what many economists already concluded. However, equities eased on the news. Well with a soft economy as predicted the upside is that Obama will NOT be as eager to raise taxes...I hope.
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Post by jack on Jul 14, 2010 13:25:58 GMT -5
To me FAS chart on 5 min looks like h/s maybe further to fall right now it could be retest of neckline around 22.80? Gap's at 22.12ish...
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Post by abdogman on Jul 14, 2010 13:26:27 GMT -5
macd xlf fas neg now on 1m xlf 14.64 on 1m
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Post by jack on Jul 14, 2010 13:31:11 GMT -5
Bottoming tails on the FAS 10min? Parabolic UNDER the SPY 1min Without a doubt THAT had to be the shortest-lived parabolic in the history of SPY! LOL!!!
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Post by abdogman on Jul 14, 2010 13:33:24 GMT -5
xlf macd now pos on 1m as well as fas xlf 14.665 on 1m
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Post by jack on Jul 14, 2010 13:36:43 GMT -5
xlf macd now pos on 1m as well as fas xlf 14.665 on 1m VIX backing off hod and Euros...meh
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Post by jack on Jul 14, 2010 13:37:37 GMT -5
SPY macd-h on the 5min turning up
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Post by abdogman on Jul 14, 2010 13:40:01 GMT -5
xlf 14.68 on 1m
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Post by elle on Jul 14, 2010 13:43:19 GMT -5
okay, here we are back at n/l, now wote, real or no
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Post by abdogman on Jul 14, 2010 13:44:14 GMT -5
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Post by jack on Jul 14, 2010 13:48:54 GMT -5
Parabolic under the SPY 5min
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Post by jack on Jul 14, 2010 13:50:20 GMT -5
XLF's macd 5min pos
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Post by cosmic on Jul 14, 2010 13:51:01 GMT -5
I think we're officially in the whiffle zone already. Fed uncertainty creates the perfect situation - market is unsure at these levels. We will waiver back and forth and destroy values in calls and puts. This was anticipated, although I figured it would start next week.
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Post by abdogman on Jul 14, 2010 13:51:21 GMT -5
BB's spread on 1m for vix as well as 5 min and vix is dropping
xlf 14.699 on 1m
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Post by ukarlewitz on Jul 14, 2010 13:58:56 GMT -5
I think this is (1) typical weird whippy Wednesday opex week action (WWWoW) and (2) a result of the multiple R level we hit after the quick ride up.
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Post by elle on Jul 14, 2010 14:00:31 GMT -5
I'm starwing....leawe for wunch, holding half so can go either way
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Post by abdogman on Jul 14, 2010 14:02:15 GMT -5
macd xlf fas on 1m 0/0 xlf 14.70 on 1m
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Post by ukarlewitz on Jul 14, 2010 14:03:39 GMT -5
Oscar out at flat.
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Post by ukarlewitz on Jul 14, 2010 14:04:38 GMT -5
Getting a +1000 tick at the top of the hour. Can we expect a seventh day of last hour boom boom?
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Post by ukarlewitz on Jul 14, 2010 14:06:05 GMT -5
Elle what the hell happened in New York. You'we got a wocal impendiment.
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Post by abdogman on Jul 14, 2010 14:08:33 GMT -5
macd neg on 1m for xlf fas xlf now 14.68 on 1m
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Post by abdogman on Jul 14, 2010 14:09:27 GMT -5
BB's on eur 1m and vix 5m and 1m narrowing
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