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Post by Clinton SPX on Jan 30, 2012 10:54:19 GMT -5
Theres the spike.
sell off time?
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Post by walnut on Jan 30, 2012 11:08:17 GMT -5
I am still feeling very cautiously bullish.
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Post by Clinton SPX on Jan 30, 2012 11:09:48 GMT -5
Im seeing mixed signals. I do think the shit stocks will start to do very poorly now.
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Post by Clinton SPX on Jan 30, 2012 11:11:32 GMT -5
BBL GL Traders I dont trust this market to stay up
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Post by crumbdon on Jan 30, 2012 11:13:11 GMT -5
Theres the spike. sell off time? XLF struggling to move back up with SPY. Growing divergance in relative strength of fins vs. market. Doesn't bode well for today. The whole Greece-ey mess was always hard on the banks. Good chance they lead us down today. -Although if market recovers today, many who were late to the recent bank runup may jump in and bring the fins back. I won't be one of them. ;D
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Post by dzech00 on Jan 30, 2012 11:45:18 GMT -5
I'm thinking we're still in the BTFD zone. Higher close again than the gap down opening. It seems still very few around here have been buying into this rally, including me, boo hoo!
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Post by Clinton SPX on Jan 30, 2012 12:08:20 GMT -5
SPY just touched the 20ma10 lets see if they put the lid back on.
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Post by Clinton SPX on Jan 30, 2012 12:09:03 GMT -5
if we confirm above that 20ma I will be less bearish
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Post by Clinton SPX on Jan 30, 2012 13:24:46 GMT -5
OK buying oil long for a scalp
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Post by Clinton SPX on Jan 30, 2012 13:30:35 GMT -5
theres the solid confirm, lets see if market melts up from here
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Post by Clinton SPX on Jan 30, 2012 13:37:54 GMT -5
added another long scalp
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Post by Clinton SPX on Jan 30, 2012 13:46:30 GMT -5
JPM HOD
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Post by crumbdon on Jan 30, 2012 13:53:18 GMT -5
theres the solid confirm, lets see if market melts up from here On one hand, it seems a great show of strength today. On the other hand, momentum seems to have slowed recently way up here. I think it would make for a healthier market overall to have a decent (not overblown) correction here. It would bring in the buyers needed to push up quickly into the 1350-70 range. Whatever BM wants to do, I guess. Still won't hold a long overnight here, GL to those brave enough to do so.
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Post by Clinton SPX on Jan 30, 2012 13:56:23 GMT -5
QQQ very bullish today
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Post by Clinton SPX on Jan 30, 2012 13:58:01 GMT -5
Im going to hold my scalps over night. I like the set up. Odds good for a gap up tomorrow.
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Post by walnut on Jan 30, 2012 14:00:13 GMT -5
Yes, I think overnight is safe
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Post by Clinton SPX on Jan 30, 2012 14:11:19 GMT -5
SLV LOD Rotation coming
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Post by Clinton SPX on Jan 30, 2012 14:12:39 GMT -5
bam here it comes, that didnt take long
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Post by rjboni on Jan 30, 2012 14:24:05 GMT -5
Im going to hold my scalps over night. I like the set up. Odds good for a gap up tomorrow. Any chance you think this just might be a gap fill?
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Post by Clinton SPX on Jan 30, 2012 15:40:06 GMT -5
Im going to hold my scalps over night. I like the set up. Odds good for a gap up tomorrow. Any chance you think this just might be a gap fill? well we havent filled gap on SPY so that could happen tomorrow and QQQ spent about an hour above gap fill. That said im about 60/40 bullish now instead of 60/40 bearish
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Post by Clinton SPX on Jan 30, 2012 15:42:48 GMT -5
QQQ are usually more speculative in nature so its a bullish indicator when QQQ is hot. Now if the DJ-30 is hot that tells me people are cautious going for divy plays. If no sector is hot that tells me I should have been shorting
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Post by Clinton SPX on Jan 30, 2012 15:46:40 GMT -5
look at QQQ living above the 200ma10 for the last two days somebody out there is bullish Attachments:
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Post by Clinton SPX on Jan 30, 2012 15:47:49 GMT -5
also notice the 200ma10 is sloping up
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fariba
Futures Trader
Posts: 292
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Post by fariba on Jan 30, 2012 15:47:59 GMT -5
i agree with you clinton. nasdaq chart looks like wave 3 up is starting. $spx is having a hard time clearing 1311. we need a close over 1319-1320 to get back into the up channel for a 3rd wave.
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Post by Clinton SPX on Jan 30, 2012 15:49:01 GMT -5
I can also be 100% wrong but thats what's running through my mind
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Post by dzech00 on Jan 30, 2012 15:52:35 GMT -5
seems like pretty light volume for end of day.
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fariba
Futures Trader
Posts: 292
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Post by fariba on Jan 30, 2012 15:56:00 GMT -5
of course they will close spx over 1311. in no man's land. neither a break below to 1309 whch is bearish, nor above 1319 which is clearly bullish. hedged is the way to go with very long bias
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Post by Clinton SPX on Jan 30, 2012 15:59:50 GMT -5
XOM closing on the HOD bullish
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fariba
Futures Trader
Posts: 292
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Post by fariba on Jan 30, 2012 16:00:27 GMT -5
decent news form euro conf by the french sarkozy of a deal in a few days . merkle quiet about german control of greece. so for the next few days earnings will move the market.XOM, amzn, ma, ups, qcom cmg etc
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