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Post by ukarlewitz on Feb 23, 2010 8:41:01 GMT -5
From Mikey this am: Nice drop in the e-mini S&P over the past hour from a high of 1,112.75 (right at Rob's concrete wall and ITMS' iron curtain (?) at around 3:30am down to 1,105.0 at 5:50am. quotes.ino.com/chart/?s=CME_ES.H10.E&v=w&w=60&t=c&a=10Euro also came up to test its descending resistance and failed hard, completely reversing its overnight rally. See below for a chart of this year's price action in the Euro:
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Post by ukarlewitz on Feb 23, 2010 8:46:47 GMT -5
Carl - 1100 to 1112 today.
Oscar - not sure and not posting a recommendation yet for today. Yesterday he was bull but didn't trade.
Cobra - black bars in indices mean a near term top in the next few days.
IT - Watch for the triple top at yesterday's hod (111.6); if yesterday's lod (110.8) fails, then 110.35. Added second VXX position late yesterday. Holding 1/3 SRS, SDS, EDZ but no Faz. Think GLD is looking bullish as it consolidates above the 50dma.
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Post by doglover on Feb 23, 2010 8:48:49 GMT -5
Thanks Ukarl..I really like Carl.
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Post by ukarlewitz on Feb 23, 2010 8:51:12 GMT -5
IT - also recommending HD short as of Friday. Note the triple top (2x in 2008). Sell the news. 30.8 in PM.
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Post by ukarlewitz on Feb 23, 2010 9:39:27 GMT -5
Carl - long 1103.5
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Post by ukarlewitz on Feb 23, 2010 9:43:06 GMT -5
MS at quintuple top and 200hma. Jpm retested 50dma.
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Post by ukarlewitz on Feb 23, 2010 9:57:06 GMT -5
Nas breadth is 3:1 neg (vol) in the first 25m. nyse breadth is much less neg (1.5). no big ticks either way.
Jpm really trying to break that 50dma, but can't hold those gains.
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Post by ukarlewitz on Feb 23, 2010 10:04:35 GMT -5
I'm officially in love - with VXX.
110.35 is bounce support.
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Post by kingdisco on Feb 23, 2010 10:06:04 GMT -5
definitely goign to take a look at vix futures when i get aroudn to it. lol the plate is so full lately.
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Post by ukarlewitz on Feb 23, 2010 10:11:24 GMT -5
Pardon my French but there is a shitload of volume in Spy right here. Nearly 20m shares in the last 9min; full day vol yesterday was 130m. Surprisingly, no big neg ticks.
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Post by ukarlewitz on Feb 23, 2010 10:12:35 GMT -5
Oops, here's a big neg tick. Mr Sell program was tripped when 110.3 was cut through.
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Post by ukarlewitz on Feb 23, 2010 10:33:14 GMT -5
nyse breadth now 3:1 neg issues, 5:1 neg vol.
Spy 109.75 is next big S. And then 109.
Carl sold at 1096.5, lost 7pts (all of yesterday's gains). His program says more downside in we confirm below 1093.
We are now in Oscar's buy range from yesterday.
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Post by jack on Feb 23, 2010 10:38:30 GMT -5
nyse breadth now 3:1 neg issues, 5:1 neg vol. Spy 109.75 is next big S. And then 109. Carl sold at 1096.5, lost 7pts (all of yesterday's gains). His program says more downside in we confirm below 1093. We are now in Oscar's buy range from yesterday. All I can say is (in regard to Mr Market:
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Post by ukarlewitz on Feb 23, 2010 10:38:34 GMT -5
IT - sold 1/2 VXX at 27.43. Now at 28. Holding a bit longer.
Spy - first 60min vol is half of yesterday's full day vol.
McClellan started to turn at the overbought line yesterday - today's crappy breadth will add to it. The internals have blown during this 2wk rally.
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Post by ukarlewitz on Feb 23, 2010 10:43:17 GMT -5
J, that was hilarious.
Jpm - doinked at 50dma for second day. Now you have a necktie on the 60m with the 200 and 20 at 40.40. So, some S. But, the word '4' sounds like the word 'death' in Chinese, so be careful.
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Post by kingdisco on Feb 23, 2010 10:46:15 GMT -5
J, that was hilarious. Jpm - doinked at 50dma for second day. Now you have a necktie on the 60m with the 200 and 20 at 40.40. So, some S. But, the word '4' sounds like the word 'death' in Chinese, so be careful. i don't know why but that's a funny word.... doinked!!! lol
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Post by ukarlewitz on Feb 23, 2010 10:48:58 GMT -5
GLD into that big gap from 2/12-16. Fill is at 107.
Careful buying the dip on Spy. That was a lot of volume on the big red candle. Consolidation here is a bear flag. Tick reveals no buy programs so tutes are not flooding in to take advantage of lower prices.
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Post by elle on Feb 23, 2010 11:00:27 GMT -5
Uka, you're a bloomin' one man show. Runnin the market almost all by yourself
And doing a bang up job I might add. Thanks for the SRS pop. SPG trying to hold the floor after CS and GGP.
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Post by abdogman on Feb 23, 2010 11:00:30 GMT -5
do you guys realize we have two threads going this am and jack i answered ur mesg to me re bobo on other thread
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Post by jack on Feb 23, 2010 11:04:33 GMT -5
do you guys realize we have two threads going this am and jack i answered ur mesg to me re bobo on other thread Don't worry I saw it! Thx
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Post by elle on Feb 23, 2010 11:04:57 GMT -5
really? no, didn't know
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Post by kryptos2009 on Feb 23, 2010 11:05:53 GMT -5
Uka and I somehow managed to post the threads 1 minute apart today..
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Post by Rich on Feb 23, 2010 11:06:16 GMT -5
GLD into that big gap from 2/12-16. Fill is at 107. Careful buying the dip on Spy. That was a lot of volume on the big red candle. Consolidation here is a bear flag. Tick reveals no buy programs so tutes are not flooding in to take advantage of lower prices. Agree, flags are waving, said the bear.
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Post by ukarlewitz on Feb 23, 2010 11:07:51 GMT -5
Breadth is still nasty-bad (5:1 neg) and vol on the come back is weak. 110.3 is now R.
Bonds are up, including corp bonds. Oscar, regretfully, was short today. Stops are in, right.
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Post by kingdisco on Feb 23, 2010 11:09:16 GMT -5
Breadth is still nasty-bad (5:1 neg) and vol on the come back is weak. 110.3 is now R. Bonds are up, including corp bonds. Oscar, regretfully, was short today. Stops are in, right. wow talking about a long run of bad luck for oscar. no but really stops are in!!!! lol an exalt for you ukarl for running like they said before a one person show!
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Post by ukarlewitz on Feb 23, 2010 11:14:10 GMT -5
Yes, but this thread now has a poll! And foul language! And I serve virtual beer!
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Post by elle on Feb 23, 2010 11:17:04 GMT -5
Hmmm, don't drink beer, even virtual. But, a glass of chianti and I'm in.
TAN through double low
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Post by ask2lern on Feb 23, 2010 11:17:41 GMT -5
dont tell grant about the free beer........
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Post by elle on Feb 23, 2010 11:19:00 GMT -5
wait, I don't wanna be easy - you also have to give me 5 pts on DDSS
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Post by abdogman on Feb 23, 2010 11:19:41 GMT -5
Beer? did someone say Beer i'm in
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