08/12/2011 Intraday Watering

[Cobra]

Gap up, withing yesterday's range, plus statistically, all gaps after a Major Accumulation Day get filled, so chances are the gap will be filled. However, from Global ES, it's another test on resistance, looks pretty much like an Ascending Triangle, so the resistance won't hold. Seasonality is bullish the next Monday as according to Stock Trader's Almanac, Monday before August expiration, Dow up 11 of last 15.

[wyjhyd]

Good morning!
Hope for an up day!

[BullBear52x]

GM, I am looking at 120.20 SPY resistance, Green shoot everywhere, I hope bulls can break out from here, so far the early stage of trend change is moving along nicely.

[silicon_beaver]

everyone GM!
I have no position. need to load if it's an up-day.

[BullBear52x]

Look at MACD and RSI, this is very bullish, price action and MA5 are all looking up, GLTA

[Petsamo]

Japan, Hang Seng, & India, all sold off from their open. Europe looks like it's sitting too high.

[rpccharts]

I think the ES will rally to 1200, then again break to 1100 or so, then put in a rally to 1200-1250 - traders market

[StrikePrice]

Good morning. My guess is we need to go sideways or down before we break the resistance. Agree with Cobra, likely to break.

[BullBear52x]

Liquidity is what move the market, DBV here.

[Cobra]

the open.

[Cobra]

MA200 as resistance.

[shumushu]

QQQ lagging?

[rpccharts]

The volume on the ES rally to 1200 is anemic compared to down moves on daily....

[jarbo456]

wow...anyone else having major problems with TOS this morning? delayed execution and not acknowledging cancelled orders...i'm now in two positions i don't want to be in and their trading desk is doing voicemail and no one online to help. -_-

[alvian33]

I have the same problem, I chat with them 2 min ago they said the orders are getting filled, it's just not showing up correctly, so if you had and order and you think you got filled you probably are filled if the prices were at you limit, it take about 3 minutes to reflect

[jarbo456]

the problem is when it didn't show up i got filled, i cancelled the orders. and instead, 10 minutes later, i've now gotten filled the opposite direction.

[newbie_77]

cobra,
do we have some insight for the day or its too early.

michigan sentiment came low but not yet reflected on prices... still holding 1173

[soku]

what the fxxx is going on with tos?
my connection told me they r trying to mitigate tdam's clearing. this is hilarious. hope they can fix it quickly.

[alvian33]

it sucks jarbo, call them may be they will help, but I doubt, I had problems with them before where I lost a lot due to their issues, they are integrating to TDameritrade and I guess that's why

[StrikePrice]

Gap was filled. Thanks Cobra!