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Post by ukarlewitz on Jul 23, 2010 12:02:50 GMT -5
The market is like a pot of water, if you watch it it won't boil.
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Post by sp7015 on Jul 23, 2010 12:08:45 GMT -5
To be honest, and I want the market to go up, I think we will either close around these levels or sell of towards close.
The weekend is coming up and we are not up with this mornings earnings.
That means the stocks that rose today because of earnings have a likely hood of selling off for profit taking.
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Post by jack on Jul 23, 2010 12:10:45 GMT -5
The market is like a pot of water, if you watch it it won't boil. I don't mind it "boiling" as long as it doesn't meltdown in the process.
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Post by jack on Jul 23, 2010 12:14:08 GMT -5
I had one in my briefcase. I always knew where my cell was because it weighed about 20 lbs. The last time investors were moving this quickly out of oil futures, it was when Lehman Brothers filed for bankruptcy. Bets on WTI crude were down 13.2% for the 60 days through July 20. Now: NYMEX crude -0.8% to $78.65. 20# eh? ...sounds like the "football" I had to carry for awhile several yrs ago....
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Post by ukarlewitz on Jul 23, 2010 12:16:40 GMT -5
GLD - 50dma now down sloping. More risk on trade evidence, imo.
I think Spy will stay 109-110 for the rest of today. I think it is very constructive, positive action, digesting the big gains of July. Investors will get more confident. Money will slowly start to come back in.
Q macd has also crossed zero line today, despite being a bit red on the day. It all adds up.
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Post by ukarlewitz on Jul 23, 2010 12:19:21 GMT -5
Ment continues to add gains. Chart looks very good.
tick +1300 right here. ma is 300. Breadth has been consistent from just prior the stress test announcement.
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Post by jack on Jul 23, 2010 12:21:45 GMT -5
Ment continues to add gains. Chart looks very good. tick +1300 right here. ma is 300. Breadth has been consistent from just prior the stress test announcement. Somebody for heaven's sakes please tell Houston we have a lift-off!
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Post by jack on Jul 23, 2010 12:26:05 GMT -5
Ment continues to add gains. Chart looks very good. tick +1300 right here. ma is 300. Breadth has been consistent from just prior the stress test announcement. +1462 tick
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Post by ukarlewitz on Jul 23, 2010 12:26:11 GMT -5
Boom!
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Post by ukarlewitz on Jul 23, 2010 12:27:47 GMT -5
Spy - new one month high. We're at the top of the purple line.
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Post by brosin on Jul 23, 2010 12:32:32 GMT -5
Woo!
Now let's see if we close above 1100 or right on it. I don't think we close in the 1000s.
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Post by kryptos2009 on Jul 23, 2010 12:35:46 GMT -5
2nd play on AAPL today Buy To Open 25 AAPL Jul 23 2010 260.0 Call @ 0.25 (filled) Also have an open order Buy To Open 25 AAPL Jul 23 2010 260.0 Call @ 0.20 Limit Buy To Open 25 AAPL Jul 23 2010 260.0 Call @ 0.25 (filled) Sell To Close 25 AAPL Jul 23 2010 260.0 Call @ 0.50 (filled) +83.16% / $567.52 Buy To Open 25 AAPL Jul 23 2010 260.0 Call @ 0.20 Limit (Cancelled)
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Post by jack on Jul 23, 2010 12:37:44 GMT -5
Gene Kranz was truly the best - skip to T-minus 30sec C'mon baby keep goin'!
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Post by Rich on Jul 23, 2010 12:42:44 GMT -5
Bought the FAS flag.
Let's see.
Checking out here shortly, on to San Diego.
Do we still believe in rally monkeys?
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Post by cosmic on Jul 23, 2010 12:44:40 GMT -5
Only if he's wearing his Green Arrow t-shirt
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Post by ukarlewitz on Jul 23, 2010 12:58:32 GMT -5
Vix is now below the 200dma. The King is dead.
The US market has been a relative underperformer recently. This thing has some catching up to do.
(My stops are in)
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Post by ukarlewitz on Jul 23, 2010 12:59:34 GMT -5
My poll (n=7) again showing the value of swimming against the tide.
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Post by elle on Jul 23, 2010 13:01:16 GMT -5
taking off 1/3, where's Merrill, he would be so proud
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Post by Rich on Jul 23, 2010 13:02:02 GMT -5
The squid went on vacation. I saw it in Pasadena.
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Post by jack on Jul 23, 2010 13:04:32 GMT -5
My poll (n=7) again showing the value of swimming against the tide. The one bull vote was mine, but the fat lady's gotta stop singing yet.
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Post by elkuta0380 on Jul 23, 2010 13:06:27 GMT -5
That should be just about it for today... let's now see if we consolidate or sell-off...
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Post by ukarlewitz on Jul 23, 2010 13:10:48 GMT -5
Breadth is very strong: Ny nearly 4:1 and Nq 3:1. Volume is leading.
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Post by elkuta0380 on Jul 23, 2010 13:12:16 GMT -5
That should be just about it for today... let's now see if we consolidate or sell-off... one more small bounce right here...
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Post by ukarlewitz on Jul 23, 2010 13:16:08 GMT -5
Tnx back at the 20dma. This is where it always runs into R. If it can hold up, the move from 3 to 3.1% could be very swift imo.
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Post by elkuta0380 on Jul 23, 2010 13:16:20 GMT -5
That should be just about it for today... let's now see if we consolidate or sell-off... one more small bounce right here... well it went from 110.34 to 110.41... expected a little more than that! Selling should start soon... Will be choppy to the close. But will close lower than here... I think.
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Post by ukarlewitz on Jul 23, 2010 13:19:15 GMT -5
Jpy getting ready to hit the vacuum area: Uploaded with ImageShack.us
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Post by elkuta0380 on Jul 23, 2010 13:21:31 GMT -5
one more small bounce right here... well it went from 110.34 to 110.41... expected a little more than that! Selling should start soon... Will be choppy to the close. But will close lower than here... I think. Come on... Come on... did I call that or what! now the fun begins. Battle zone 1100...
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Post by elkuta0380 on Jul 23, 2010 13:23:35 GMT -5
Come on... Come on... did I call that or what! now the fun begins. Battle zone 1100... I'll make this even more clear... I think we close red on SPY today. Maybe 109.70
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Post by clearwaters on Jul 23, 2010 13:28:49 GMT -5
I also said that it would go up, Elkuta. But, I believe that powers that be want this to go up and my guess is that it will end up. Monday is a different matter.
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Post by jack on Jul 23, 2010 13:29:04 GMT -5
Come on... Come on... did I call that or what! now the fun begins. Battle zone 1100... I'll make this even more clear... I think we close red on SPY today. Maybe 109.70 Red would be below 109.48 I thought
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