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Post by ask2lern on Mar 27, 2012 11:34:11 GMT -5
That was a swap out of oil and into fins Algos were buyers into the USO drop FWIW.......................GL CalibratedConfidence þ @calconfidence Pink line shows strong buying in USO: pic.twitter.com/yvez0tnS |
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Post by Clinton SPX on Mar 27, 2012 11:52:59 GMT -5
well that didnt work
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Post by theMIST on Mar 27, 2012 11:53:05 GMT -5
Still not buying BAC
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Post by Clinton SPX on Mar 27, 2012 11:54:22 GMT -5
That was a swap out of oil and into fins Algos were buyers into the USO drop FWIW.......................GL CalibratedConfidence þ @calconfidence Pink line shows strong buying in USO: pic.twitter.com/yvez0tnSI remember I didnt like the oil charts last night and if they are going to rumor the reserve Id just rather be out of that trade |
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Post by theMIST on Mar 27, 2012 12:10:51 GMT -5
Added a little more TVIX as trade is going in my favor
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Post by theMIST on Mar 27, 2012 12:17:35 GMT -5
my fellow technician Jack,
What's the dollar doing? Tell us what you see.
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Post by theMIST on Mar 27, 2012 12:24:56 GMT -5
TVIX could turn out to be the mother of all short squeezes with all the naked shorts piled on. ;D
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Post by jack on Mar 27, 2012 12:34:02 GMT -5
my fellow technician Jack, What's the dollar doing? Tell us what you see. Rob, Just peeked after cutting grass see your note. $USD as shown on the UUP gapped up at the open but appears to be flat last 4hrs albeit on the upper part of its range so far today. That's why the Market is also relatively flat. Surprisingly they did not sell it off mid morning as they usually do causing UUP to crater. But if they had done that it would have hit the daily's 200 MA and most probably bounced up. Suffice it to say that the 200MA is on an upward trendline which does NOT bode well for Mr Market. And fwiw ITMS believes that the $USD is also now on an upward trendline which jives with their call a couple weeks ago that the market has reversed course (and even after yesterday they still maintain that call). So do you think I can become a stock analyst talking head??? LOL!!! |
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Post by jack on Mar 27, 2012 12:36:09 GMT -5
Gotta run some errands....and too nice a day here to be anchored.
GL Gang
Laterz
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Post by theMIST on Mar 27, 2012 12:37:16 GMT -5
Exalt to my friend Jack!!
Awesome analysis!
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Post by tendermyshares on Mar 27, 2012 12:42:11 GMT -5
One wonders what it means to stick by a call that the market has reversed course 2 weeks ago. The vertical white line on this chart is exactly 2 weeks ago, just before the huge green day. Last I heard they were sticking with their call that the market reversed course in mid January too lol.  Uploaded with ImageShack.us |
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Post by Clinton SPX on Mar 27, 2012 12:43:25 GMT -5
stoch is reset and rotation is complete
get ready to rally on
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Post by Clinton SPX on Mar 27, 2012 12:44:57 GMT -5
I dont think they loaded up on QQQ this morning if the rally was over
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Post by theMIST on Mar 27, 2012 13:27:37 GMT -5
RENN starting to move. Congrats Huh?
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Post by huh? on Mar 27, 2012 13:34:34 GMT -5
RENN starting to move. Congrats Huh? This is the point of breakout right here - top line of a symm. triangle and also handle of possible cup and handle. Needs to continue up now with some volume. Keep an eye on AMZN as well - looks like it really wants to close that gap just above 225. Would be nice to see a pullback on it first. |
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Post by maxi on Mar 27, 2012 13:49:52 GMT -5
Late posting this because I was watching it. AFFY got approval from the FDA for whatever their drug is.. It is selling off now like it is poison. Cramer mentioned the other day that biotech/ pharmas sell off on the news..... It is quite a sight....
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Post by huh? on Mar 27, 2012 13:55:26 GMT -5
Late posting this because I was watching it. AFFY got approval from the FDA for whatever their drug is.. It is selling off now like it is poison. Cramer mentioned the other day that biotech/ pharmas sell off on the news..... It is quite a sight.... Wow, what a daily candle! (If you can even call that thing a candle). |
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Post by maxi on Mar 27, 2012 13:59:43 GMT -5
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Post by maxi on Mar 27, 2012 14:03:58 GMT -5
MM's having a ball with this. now they are taking it back up.. some anyway....
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Post by huh? on Mar 27, 2012 14:06:50 GMT -5
I don't know anything about this stock, or bio's for that matter, but the intraday action looks bullish to me. That 30% or so sell-off was on relatively small volume. Looks to me like someone was just grabbing shares on the cheap. And it's up about 40% off the bottom on some volume. I won't play it, but just appears bullish to me at first glance. |
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Post by huh? on Mar 27, 2012 14:08:08 GMT -5
RENN starting to move. Congrats Huh? This is the point of breakout right here - top line of a symm. triangle and also handle of possible cup and handle. Needs to continue up now with some volume. Keep an eye on AMZN as well - looks like it really wants to close that gap just above 225. Would be nice to see a pullback on it first. True test of this breakout here at 5.69/5.70 - top of BB's. Some pullback expected; just don't want to see large volume sells now. |
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Post by maxi on Mar 27, 2012 14:21:34 GMT -5
HAL is having a Murphy's Law day. Anything that can go wrong - will!
The least of it is it is trading ex - div. But if u went to the HAL yhoo page their is everybody and his brother writing news articles and opinions on why HAL is the lowest POS u could ever imagine.
Translation - BUY... lol....
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Post by huh? on Mar 27, 2012 14:21:50 GMT -5
Keep an eye on AMZN as well - looks like it really wants to close that gap just above 225. Would be nice to see a pullback on it first. And it started a small pullback almost as soon as I posted this. I wouldn't normally play AMZN on the long side because it's valuation is way too high IMO. But on the small chance it were to pullback to 195-196, and the charts of the major indexes weren't broke by then, I would try it for a quick 15%. |
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Post by huh? on Mar 27, 2012 14:24:09 GMT -5
HAL is having a Murphy's Law day. Anything that can go wrong - will! The least of it is it is trading ex - div. But if u went to the HAL yhoo page their is everybody and his brother writing news articles and opinions on why HAL is the lowest POS u could ever imagine. Translation - BUY... lol.... Are you holding HAL Maxi? |
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Post by theMIST on Mar 27, 2012 14:40:26 GMT -5
BAC could be forming right shoulder of iH&S. Have to see where it bottoms.
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Post by Guest on Mar 27, 2012 14:53:07 GMT -5
BAC could be forming right shoulder of iH&S. Have to see where it bottoms. Look back at the past month's chart. BAC really broke out at 8, and never looked back. I think over the next 2 weeks it will backtest that area to validate the breakout. If it holds, I see 12-13 by summer. If it fails..... |
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Post by huh? on Mar 27, 2012 14:58:44 GMT -5
BAC could be forming right shoulder of iH&S. Have to see where it bottoms. Look back at the past month's chart. BAC really broke out at 8, and never looked back. I think over the next 2 weeks it will backtest that area to validate the breakout. If it holds, I see 12-13 by summer. If it fails..... I agree, although that iH&S could play out first yet this week. $9.50 needs to hold. I never play iH&S that occur at the top of a run though...seems that the stock will breakout above the neckline, but then it doesn't reach the minimum target. |
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Post by jack on Mar 27, 2012 15:03:55 GMT -5
Pity that Mr Market couldn't close above that SPY 141.28 critical area, but at least it didn't give back everything it gained yesterday  |
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Post by huh? on Mar 27, 2012 15:04:43 GMT -5
RE: RENN True test of this breakout here at 5.69/5.70 - top of BB's. Some pullback expected; just don't want to see large volume sells now. Should have kept my mouth shut! LOL Put another buy order in at $5.45 when it hit $5.70, but then chickened out. Looks like that might have been the right buy spot for the intraday at least. Will wait to see how it acts tomorrow, unless I can get an amazing deal in the AH's that is. |
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Post by jack on Mar 27, 2012 15:09:05 GMT -5
The only thing that's holding up this market from not making an important corection is AAPL
- JPM, (best of breed fin) down .6%
- XOM (best of energy bred if not the 2nd largest market cap) down .5%
The moral of this story will be that when AAPL starts giving up the ghost the Market will take one helluva beating.
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