06/21/2011 Intraday Watering

[Cobra]

Gap up above yesterday's high so chances are high that the gap won't be filled. My feeling though, wild-est-est-est-est feeling: don't hope much on the upside because NQ is lags a lot.

Institutional actions from StockTiming. I see some institutional buying here that's really a good sign, just the liq is still in shrinking area, so not good enough news yet, but still good than bad.

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[99er]

Good Morning.

EURUSD
"Are we there yet?"
http://99ercharts.blogspot.com/2011/06/eurusd_21.html

[99er]

ES
"Look...a Butterfly!"
http://99ercharts.blogspot.com/2011/06/es_21.html

[jungle]

ES
"Look...a Butterfly!"
http://99ercharts.blogspot.com/2011/06/es_21.html

looks down?

[feibingjia]

Good Morning, Ban Zhang!

[guelder_rose]

GM, Cobra! Got it, today isn't a uptrend day!

[90ufo]

Good morning! and thanks!

[BBFinance]

Good Morning Cobra,
What is the trend for FOMC days.

[cletus]

Headlines:

*Today's cycle turns on the S&P are at 11:15 EST and 2:00 EST. I'll be looking for those times to spot a top to short
*The secondary swing higher in this primary swing higher terminates today
*Today and tomorrow are seasonally bearish the past few months during the S&P's range trade, with tomorrow being one of the worst performers
*Looking for a long opportunity in nat gas
*Oil is basing here but should generally rise in the coming weeks
*Cotton continues to perform

[Cobra]

the open.

[feibingjia]

Ban Zhang: SDS now is below $22.00, which is the current stop loss for CIS. You said that there might be one more drop, so I wonder if we can buy back SDS and more the stop loss back to 6/14 low ($21.62)…can we do this?

[Cobra]

Ban Zhang: SDS now is below $22.00, which is the current stop loss for CIS. You said that there might be one more drop, so I wonder if we can buy back SDS and more the stop loss back to 6/14 low ($21.62)…can we do this?

I've answered you in HT9. CIS not stopped out.

[Cobra]

QQQ is weak, i don't think it's a good sign.

[oldpigwang]

Cobra: is FAS also a leading indicator like QQQ?

[BullBear52x]

GM,
ES is a sell able, see MACD ???

[feibingjia]

Ban Zhang: SDS now is below $22.00, which is the current stop loss for CIS. You said that there might be one more drop, so I wonder if we can buy back SDS and more the stop loss back to 6/14 low ($21.62)…can we do this?

I've answered you in HT9. CIS not stopped out.

Got it! Thanks a lot!!

[cletus]

Today's trading psychology tip for today:

As a trader, you must be like a patient baseball hitter at the plate, waiting for the perfect pitch to come to you and not swinging at everything!

[soku]

long now!

[cletus]

****************
TRADE ALERT
****************

Sold USO Aug 39 calls at 1.12 for +10% profits in 2 sessions.

We like the oil trade long but should get another good entry in the coming days!

[BullBear52x]

Are we there yet? watching patiently . this will be a last sell trade I will initiate for DT.