04/15/2011 Intraday Watering

Post by **Cobra** » Fri Apr 15, 2011 9:04 am

Flat open, any gap will be filled, the day could be a range day. OE day today, so I won't read much into it.

Institutional actions from stocktiming.

wolftrader · Post by **wolftrader** » Fri Apr 15, 2011 9:06 am

Post by **Cobra** » Fri Apr 15, 2011 9:11 am

seems the other gangs don't support a huge up day today.

99er · Post by **99er** » Fri Apr 15, 2011 9:20 am

Morning.
Hope today's more exciting than yesterday.
/ES update: http://99ercharts.blogspot.com/2011/04/es_15.html
Another weekend in The Hamptons, anyone?

99er · Post by **99er** » Fri Apr 15, 2011 9:25 am

EURUSD
Target of 1.424.
http://99ercharts.blogspot.com/2011/04/eurusd_15.html

99er · Post by **99er** » Fri Apr 15, 2011 9:29 am

Copper
Treading water.
http://99ercharts.blogspot.com/2011/04/copper_15.html
In Long Island Sound?

BullBear52x · Post by **BullBear52x** » Fri Apr 15, 2011 9:31 am

GM
The two views.

Post by **Cobra** » Fri Apr 15, 2011 9:31 am

the open.

Post by **Cobra** » Fri Apr 15, 2011 9:37 am

again, just don't forget, QQQ is weak.

cletus · Post by **cletus** » Fri Apr 15, 2011 9:39 am

Turn date today and full moon next week kind of looking like a bottom but the trend is still down for the time being. The VIX never confirmed this downtrend so the bullish case is a bit easier to make. As for the IYR, could be a bear flag or an bullish inverted head & shoulders, but at this point, I can't see this as a valid bear flag unless today tanks, which doesn't seem to be happening so far. Volume very strong the past few days suggests probably some big buying.

agnosia · Post by **agnosia** » Fri Apr 15, 2011 9:40 am

hey guys - also bonds are up pretty big... in addition to QQQ's weak. range day?

Post by **Cobra** » Fri Apr 15, 2011 9:41 am

both tlt and audjpy don't support the market to go up huge. guess bulls need a miracle today which they seem never lacking in those 2 years, so hard to say yet.

99er · Post by **99er** » Fri Apr 15, 2011 9:42 am

SPX
Channel.
http://99ercharts.blogspot.com/2011/04/spx_15.html
"Let's just screw retail, leave early, and avoid rush hour on the Long Island Expressway."

Post by **Cobra** » Fri Apr 15, 2011 9:44 am

oh, great, VIX keep crashing. I don't understand what's going on here.

Post by **Cobra** » Fri Apr 15, 2011 9:45 am

VIX is again approaching years long support. Breakdown then goes to zero? Well, I really wish.

cletus · Post by **cletus** » Fri Apr 15, 2011 9:46 am

Cobra wrote:oh, great, VIX keep crashing. I don't understand what's going on here.

It's the beauty of market manipulation. They crash the VIX during opex and lower the market at the same time to hurt all call and put options. The volume is so poor that they can do whatever they want at this point.

Post by **Cobra** » Fri Apr 15, 2011 9:49 am

here again, is what I see, with NQ, TLT, AUDJPY going down and as mentioned a moment ago, VIX collapsing, how come ES so strong?

cletus · Post by **cletus** » Fri Apr 15, 2011 9:50 am

Cobra wrote:here again, is what I see, with NQ, TLT, AUDJPY going down and as mentioned a moment ago, VIX collapsing, how come ES so strong?

Important sectors like IYR and XLF, reits and financials, are doing well today. Doesn't seem very bearish. I'm holding short positions but I don't see any reason to add to them here. Just need to see some more bearish confirmations.

BullBear52x · Post by **BullBear52x** » Fri Apr 15, 2011 9:51 am

Resistance at the old gap resistance still hold strong combined with 5dma.

DBV is strong, lots of liquidity, so...take what you can.

agnosia · Post by **agnosia** » Fri Apr 15, 2011 9:51 am

feels like a /es 1314 - 1306 range day. pivot battle is on right now @ 1310.50..

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04/15/2011 Intraday Watering

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