04/01/2011 Intraday Watering

[agnosia]

no worries about oil.. it dropped like a rock w/ the dollar rise. first they had to squeeze the weak shorts up to new highs /cl market is fun to trade.

if there's QE3, oil will keep rising so as all the other commodities. Even without QE3, I suspect oil may keep rising too.

I agree and it's unfortunate that fund managers are using oil as a currency of sorts like gold/silver to protect themselves against the declining dollar. The premium in the market is way too high at the moment considering we have more than ample supply ...

[cletus]

Looks like we have data at 7 AM EST, could be a catalyst to fill the gap or burst to new highs, probably important, key thing to watch now is if they can hold above SPY 133.16 (breakout point)

[Mr. BachNut]

VIX has now closed the gap created at the start of the correction. Back to trading in range of bull market lows. I guess we can all relax now!

[cletus]

VIX has now closed the gap created at the start of the correction. Back to trading in range of bull market lows. I guess we can all relax now!

The move in the VIX is pure insanity. From 30 to 16 in a few weeks is certainly a first in my career.

[Cobra]

The bigger picture, if cannot decisively breakout the morning high, my evil plan still is valid.

[stocksage]

Looks like we have data at 7 AM EST, could be a catalyst to fill the gap or burst to new highs, probably important, key thing to watch now is if they can hold above SPY 133.16 (breakout point)

7am est happened a long time ago.

[cletus]

Looks like we have data at 7 AM EST, could be a catalyst to fill the gap or burst to new highs, probably important, key thing to watch now is if they can hold above SPY 133.16 (breakout point)

7am est happened a long time ago.

10 AM EST

[stocksage]

CL already $1.40 below the high.

[Cobra]

Yesterday's high the first support.

[cletus]

Dow futures have dropped 40 pts in 20 mins since the open

[Cobra]

Hmm, the next support, this is a little faster than I thought.

[StrikePrice]

QQQ gap getting filled fast!

[agnosia]

CL already $1.40 below the high.

/cl has made its LOD. what they do it make a lower low to trigger sell stop limits and then squeeze them the rest of the day. I am long 106.40

[cletus]

SPY 132.90 is the pennant breakout point and the target hasn't been met, so could bounce there, but I'm short from 1318 for a swing trade, I don't care about small moves here, S&P still needs a close above 1332, so I won't add shorts here.

[Cobra]

back test breakout point on QQQ?

[KENA]

Looks like we have data at 7 AM EST, could be a catalyst to fill the gap or burst to new highs, probably important, key thing to watch now is if they can hold above SPY 133.16 (breakout point)

7am est happened a long time ago.

That would be 7 am Pacific

[BullBear52x]

Shorted the open

My FAZ is oopz, my TYP is back. guess today will have to daytrade to the max

[stocksage]

CL already $1.40 below the high.

/cl has made its LOD. what they do it make a lower low to trigger sell stop limits and then squeeze them the rest of the day. I am long 106.40

We'll see, I hope it goes higher so I can start legging into some shorts. Would like to see it take out today's high but doubt it.

[BullBear52x]

the trend from yesterday will continue that is down.

[pdz]

VIX has now closed the gap created at the start of the correction. Back to trading in range of bull market lows. I guess we can all relax now!

The move in the VIX is pure insanity. From 30 to 16 in a few weeks is certainly a first in my career.

If Japan nuke disaster didn't happen, VIX wouldn't reach 30. This was a noise. In last Nov correction VIX only reached 23. Every VIX spike is an excellent chance to short it.