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Post by kbk3ck on Oct 7, 2011 8:34:26 GMT -5
Two months ago unemployment was 9.1% last months job report was BAD and unemployment stayed at 9.1% This months was GOOD....and we're still at 9.1% has anyone noticed that unemployment is 9.1% and hasnt changed in three months CONSPIRACY!!!!!!!!(sp?)
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Post by Clinton SPX on Oct 7, 2011 9:02:51 GMT -5
LVS and BIDU lighting up the LOD
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Post by kbk3ck on Oct 7, 2011 9:11:09 GMT -5
S is kicking ass!!!!!
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Post by natsalilfly on Oct 7, 2011 9:11:59 GMT -5
put in a tight sell order that hit on my 10.52 FAS from yesterday @ 11.43, it's having trouble getting back over the 11.54 resistance after the pop and drop. Happy enough - leaving for weekend see ya'all later & BOL -
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Post by kbk3ck on Oct 7, 2011 9:14:47 GMT -5
Have a good one nat!!!!
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Post by kbk3ck on Oct 7, 2011 9:16:58 GMT -5
S is up huge on iPhone news.
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Post by Clinton SPX on Oct 7, 2011 9:22:20 GMT -5
Not that this matters
The headline wholesale inventories number missed +0.6% expectations, rising only 0.4% (from 0.8% prior) with its lowest build since Nov 2010. Under the covers though, non-durables were the most troublesome - unless of course the spin is that a falling inventory implies future growth as inventories 'have' to be rebuilt, right? Non-durables inventories dropped 0.6% - its biggest drop since Sep 2009.
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Post by Clinton SPX on Oct 7, 2011 9:24:59 GMT -5
as long as the euro buying bot is on, nothing else matters
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Post by kbk3ck on Oct 7, 2011 9:26:04 GMT -5
inventories are the enemy of producers and retailers. Low inventories = need to build more stuff because it all got sold.
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Post by Clinton SPX on Oct 7, 2011 9:34:04 GMT -5
either vol bars are wrong or this is an interesting trick Attachments:
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Post by kbk3ck on Oct 7, 2011 9:35:47 GMT -5
If the market maker wants to keep the bid up even when people are selling then you see charts like that.
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Post by huh? on Oct 7, 2011 9:38:07 GMT -5
S is up huge on iPhone news. I like the S call Bros...even if the market were to tank I think that S would run (did last summer). Just needs to get over $3 and it's off to the races. Looking at the chart...a close above $2.95 should launch it to $3.75 or so IMHO. Already made just about the halfway mark. Hit resistance when it hit the bottom of a very large bear flag. Dangerous territory here. A break of $2.98 or so would be bearish. But watch and see if it doesn't form a bull flag to shoot through the resistance. $3.10-$3.16 would be what I would expect for the max pullback low of a bull flag formation. Didn't backtest the gap at open...so I would have tight stops if it hits $3.70-$3.75 today. JMHO.
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Post by Clinton SPX on Oct 7, 2011 9:42:15 GMT -5
JPM testing the 20ma10 again every time it does this the euro buy bot kicks in Im sick of this pattern
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Post by Clinton SPX on Oct 7, 2011 9:55:18 GMT -5
Hopium is wearing off for BAC & MS
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Post by natsalilfly on Oct 7, 2011 10:00:19 GMT -5
Hopium! Glad I sold. Really going now...to the beautiful Santa Cruz Mountains for a sunny & mild weekend get-away.
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Post by Clinton SPX on Oct 7, 2011 10:14:35 GMT -5
Got to run BBL GL Traders
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Post by huh? on Oct 7, 2011 10:22:38 GMT -5
Already made just about the halfway mark. Hit resistance when it hit the bottom of a very large bear flag. Dangerous territory here. A break of $2.98 or so would be bearish. But watch and see if it doesn't form a bull flag to shoot through the resistance. $3.10-$3.16 would be what I would expect for the max pullback low of a bull flag formation. Didn't backtest the gap at open...so I would have tight stops if it hits $3.70-$3.75 today. JMHO. I spy a potential bull flag...target of about $3.60/$3.61 if it holds now. Sounds crazy, but I could see it backtesting that bull flag breakout and filling the opening gap at the same time (possibly around 11:30 and at $2.98/$2.99). I'm not playing it, but if I were, I would not want to see it go any lower than that since the opening pop could have been simply a backtest of a larger bear flag. Volumes to me would indicate a bull flag forming though.
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Post by kbk3ck on Oct 7, 2011 10:40:13 GMT -5
Well, its 10:40 here and time for a beer!!!! Gona go work on the driveway project. See yall later. Everybody make some $$$$$ today!!!!! ;D
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Post by huh? on Oct 7, 2011 10:41:19 GMT -5
Already made just about the halfway mark. Hit resistance when it hit the bottom of a very large bear flag. Dangerous territory here. A break of $2.98 or so would be bearish. But watch and see if it doesn't form a bull flag to shoot through the resistance. $3.10-$3.16 would be what I would expect for the max pullback low of a bull flag formation. Didn't backtest the gap at open...so I would have tight stops if it hits $3.70-$3.75 today. JMHO. I spy a potential bull flag...target of about $3.60/$3.61 if it holds now. Sounds crazy, but I could see it backtesting that bull flag breakout and filling the opening gap at the same time (possibly around 11:30 and at $2.98/$2.99). I'm not playing it, but if I were, I would not want to see it go any lower than that since the opening pop could have been simply a backtest of a larger bear flag. Volumes to me would indicate a bull flag forming though. If playing, I would bail on a break of $3.10. Bullish patterns and volumes look good, but that bear flag has a target of around $1.85, and it pulled back from its 50dma. A break of $3.10 would likely mean a gap fill, so it could be bought back around $3.00 or so with a tight stop. If that were to break, I would wait for another bullish pattern to develop. JMHO...and I'm bearish, so I would be playing it pretty conservatively.
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Post by dino on Oct 7, 2011 10:51:43 GMT -5
sprint just fell off a cliff
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Post by dino on Oct 7, 2011 10:52:56 GMT -5
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Post by dino on Oct 7, 2011 10:53:31 GMT -5
posted at 11:48 am eastern
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Post by Clinton SPX on Oct 7, 2011 10:55:11 GMT -5
covered my fin short from yesterdays close shorted some tech
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Post by Clinton SPX on Oct 7, 2011 11:04:30 GMT -5
I hope traders will want to be safely out of this market over the weekend in case another Dexia should blow up in the EU
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Post by Clinton SPX on Oct 7, 2011 11:17:13 GMT -5
Fitch Ratings-London/Milan-07 October 2011: Fitch Ratings has downgraded the Italian Republic's (Italy) foreign and local currency Long-term Issuer Default Ratings (IDRs) from 'AA-' (AA minus) to 'A+' (A plus) and the short-term rating from 'F1+' to 'F1'. The Outlook on the long-term ratings is Negative. The Country Ceiling of 'AAA' has also been affirmed. The downgrade reflects the intensification of the Euro zone crisis that constitutes a significant financial and economic shock which has weakened Italy's sovereign risk profile. As Fitch has cautioned previously, a credible and comprehensive solution to the crisis is politically and technically complex and will take time to put in place and to earn the trust of investors. In the meantime, the crisis has adversely impacted financial stability and growth prospects across the region. However, the high level of public debt and fiscal financing requirement along with the low rate of potential growth rendered Italy especially vulnerable to such an external shock.
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Post by Clinton SPX on Oct 7, 2011 11:26:49 GMT -5
And Spain... Fitch Downgrades Spain To Aa- From Aa+, Two Notch Cut, Outlook Negative Submitted by Tyler Durden on 10/07/2011 - 12:18 Baseline Scenario Budget Deficit default European Central Bank Fitch France Gross Domestic Product International Monetary Fund ratings recovery Unemployment Volatility Really close to France now...
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Post by commodityypro on Oct 7, 2011 11:28:30 GMT -5
hanging by a thread
very close to dumpage
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Post by Clinton SPX on Oct 7, 2011 11:35:16 GMT -5
Euro Plunges On Fitch Double Tap, Comments From Merkel Submitted by Tyler Durden on 10/07/2011 - 12:31 Fail Fitch Portugal
Chinabot is in full fail mode, after a sticksave attempt to save the currency following the Italian downgrade by Fitch was monkeyhammered with the Spanish downgrade which was not only two notches, but sent the country's rating to below that of S&P and Moodys. Adding fuel to the fire is an errant comment from Merkel who has said that Eurobonds are "absolutely the wrong way to go", and lastly, a last minute notification from Fitch which goes for Trifecta by saying that Portugal remains on outlook negative, and and the result is visible on the attached chart.
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Post by Clinton SPX on Oct 7, 2011 12:51:57 GMT -5
Attachments:
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Post by elle on Oct 7, 2011 13:40:31 GMT -5
beautiful sell, I did p/u some vxx this am at S 48.50 as too many long ppsn
if we close here we will have a weekly bull engulfing candle, tho looks like sig sell Wed. also would recapture the 200, basically I'm long above it, short below it
taking off for the day and trailing stops
have a great weekend EVERYONE
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