08/22/2011 Intraday Watering

[shumushu]

anyone pay attention to the commitment of traders report last week? did you guys see the huge pop of commercial traders for the SP going LONG?

[pdz]

anyone pay attention to the commitment of traders report last week? did you guys see the huge pop of commercial traders going LONG?

Are Leveraged Funds commercial traders? I saw they added more short. http://www.cftc.gov/dea/futures/financial_lf.htm

[shumushu]

anyone pay attention to the commitment of traders report last week? did you guys see the huge pop of commercial traders going LONG?

Are Leveraged Funds commercial traders? I saw they added more short. http://www.cftc.gov/dea/futures/financial_lf.htm

I use this website to view it. It has CHARTS =)

http://snalaska.net/cot/current/charts/SP.png
I don't know the specifics of what in considered as commerical index traders. But I do think they are right more often than not.

[jarbo456]

looks like if we don't hold here, we'll fill the gap, no?

[pablorynx]

lower low after 10:30?

[proteus46]

Daily chart

TZA having a difficult time at the 50 fibonacci line. Daily and 1 minute chart.

[cougar]

UPRO today: found support at pivot (47.13) and then timidly reentered the OpRa (30 min).
Altogether….it’s weak…

[Al_Dente]

anyone pay attention to the commitment of traders report last week? did you guys see the huge pop of commercial traders going LONG?

Are Leveraged Funds commercial traders? I saw they added more short. http://www.cftc.gov/dea/futures/financial_lf.htm

I use this website to view it. It has CHARTS =)

http://snalaska.net/cot/current/charts/SP.png
I don't know the specifics of what in considered as commerical index traders. But I do think they are right more often than not.

Here is Reuters view of all COT:

http://graphics.thomsonreuters.com/11/02/cftc.html

[Cobra]

tough call here, I'll watch. not sure if it's a bear flag. green line below must hold.

[Out of Bounds]

Not trading today but I thought I would post this. Watch your pivots!

SPY _2011-08-22 104706 1.GIF (12.66 KiB) Viewed 6191 times

[cougar]

Fourth day in a row: QQQ makes the TOD at opening ?
Hmm…

[jarbo456]

tough call here, I'll watch. not sure if it's a bear flag. green line below must hold.

ewww. that's a break on my chart.

[shumushu]

Channel and Target

[Cobra]

bear flag indeed, tinted area as textbook target.

[KENA]

FYI..Trans has been falling,Not good..UTIL are now in the red,Not good..Watch UTIL if drops to the 413/415 area the mkt will fall fast. Wait and see.

[Me XMan]

oh boy it would be a good reversal from this morning.

FYI..Trans has been falling,Not good..UTIL are now in the red,Not good..Watch UTIL if drops to the 413/415 area the mkt will fall fast. Wait and see.

[proteus46]

1 minute chart

bears are determined to close the gap; broke 50 fibonacci; broke resistance at 57.00

[Al_Dente]

Long bonds are near their 20 year highs. Last time that happened was Dec ’08, three months before the Mar ’09 SPX bottom.

http://stockcharts.com/h-sc/ui?s=$SPX&p ... listNum=15


Cobra: Thanks for your target of 1000 SPX within 1-2 months.
Rhodes has an even lower target in his Saturday blog on stockcharts.com with convincing stats going back to 1980.

http://blogs.stockcharts.com/chartwatch ... arket.html

His (long term) take: sell the short-covering spikes; out at 1221 ish if wrong.

PS: Cobra: what settings are you using on your 5min ema envelopes?

[99er]

Updates

Gold http://99ercharts.blogspot.com/2011/08/gold_22.html
Silver http://99ercharts.blogspot.com/2011/08/silver_22.html

[99er]

Updates

Crude http://99ercharts.blogspot.com/2011/08/crude_22.html
30-Year http://99ercharts.blogspot.com/2011/08/30y_22.html