07/19/2011 Intraday Watering

[dr659]

the next resistance, with multiple fibs. although I'm now ready to be bull but still the market is lifted by just a few heavy weighted stocks, so I'm cautious here. Never heard SPY leads RSP. Apparently RSP is lagging now.

RSP

[Cobra]

Pullback as I said. There're chances we may still have one more push up to test the day's high before the close, let's wait and see.

[AK84]

remember what I said last night? AAPL is now officially 10% above its MA50 now. Gap up huge, especially above 5%+ means sell.

so if tomorrow gap up, sell, thank you laoda~~ i have a lot of aapl...

the risk reward in aapl going into ER doesnt make any sense especially if ur holding options. Uve got a nice pop in vol over the last 3 weeks. dont b greedy . sell before like smart money does! buy back again after ER

[Cobra]

the next resistance, with multiple fibs. although I'm now ready to be bull but still the market is lifted by just a few heavy weighted stocks, so I'm cautious here. Never heard SPY leads RSP. Apparently RSP is lagging now.

RSP

Don't argue with Cobra because this thing certain can bite. Here's what happened at 2007 top.

[Cobra]

remember what I said last night? AAPL is now officially 10% above its MA50 now. Gap up huge, especially above 5%+ means sell.

so if tomorrow gap up, sell, thank you laoda~~ i have a lot of aapl...

the risk reward in aapl going into ER doesnt make any sense especially if ur holding options. Uve got a nice pop in vol over the last 3 weeks. dont b greedy . sell before like smart money does! buy back again after ER

agree,don't get too greedy. what if there's no 5% gap up tomorrow?

[Anaconda]

Good looking charts (if you're bearish, that is). Oil and silver are posting bear flags...

Silver.png (9.93 KiB) Viewed 5008 times

Oil.png (9.22 KiB) Viewed 5008 times

[soku]

market is in clearing trending mode. i think next target could be around 1324.
aapl is moving higher. per my calculation 378 is 100% target. we may wait here for er then shooting up to 420ish.

(disclaimer: i have aapl long)

this is unbelievable. we are at 1323 already? i see buying power

when the moment comes, it comes.
i short at 1324 as planned this morning with tight stop. i just feel i need to put money where my mouth is

put in a cover order at 1317.75

[dr659]

the next resistance, with multiple fibs. although I'm now ready to be bull but still the market is lifted by just a few heavy weighted stocks, so I'm cautious here. Never heard SPY leads RSP. Apparently RSP is lagging now.

RSP

Don't argue with Cobra because this thing certain can bite. Here's what happened at 2007 top.

I meant what is RSP?

[jamesmith]

remember what I said last night? AAPL is now officially 10% above its MA50 now. Gap up huge, especially above 5%+ means sell.

so if tomorrow gap up, sell, thank you laoda~~ i have a lot of aapl... :? :shock: :o :roll: :|

the risk reward in aapl going into ER doesnt make any sense especially if ur holding options. Uve got a nice pop in vol over the last 3 weeks. dont b greedy . sell before like smart money does! buy back again after ER

agree,don't get too greedy. what if there's no 5% gap up tomorrow? :roll:

true, thanks for advice ak84 and laoda, i will sell half of it first :mrgreen:

[jamesmith]

why ak84 not ak87?

[Cobra]

well, guess that's it for today, the AAPL show in AH better be good, otherwise it'll be very interesting... Thank you guys, I'll see you tomorrow.

[Cobra]

the next resistance, with multiple fibs. although I'm now ready to be bull but still the market is lifted by just a few heavy weighted stocks, so I'm cautious here. Never heard SPY leads RSP. Apparently RSP is lagging now.

RSP

Don't argue with Cobra because this thing certain can bite. Here's what happened at 2007 top.

I meant what is RSP?

I know what you meant. The answer should be very clear now, right? RSP is just another ETF. I think I've been saying this in my daily report for quite a time.