shumushu
Posts: 315 Joined: Thu Feb 17, 2011 1:09 pm
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by shumushu » Mon Aug 22, 2011 9:56 am
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?
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shumushu on Mon Aug 22, 2011 10:06 am, edited 1 time in total.
pdz
Posts: 33 Joined: Wed Mar 23, 2011 12:45 pm
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by pdz » Mon Aug 22, 2011 10:06 am
shumushu wrote: 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
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by shumushu » Mon Aug 22, 2011 10:08 am
pdz wrote: shumushu wrote: 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
Posts: 2218 Joined: Wed Aug 10, 2011 9:19 am
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by jarbo456 » Mon Aug 22, 2011 10:10 am
looks like if we don't hold here, we'll fill the gap, no?
proteus46
Posts: 190 Joined: Mon Jun 06, 2011 4:12 pm
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by proteus46 » Mon Aug 22, 2011 10:24 am
Daily chart
TZA having a difficult time at the 50 fibonacci line. Daily and 1 minute chart.
cougar
Posts: 1914 Joined: Fri May 20, 2011 9:25 am
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by cougar » Mon Aug 22, 2011 10:25 am
UPRO today: found support at pivot (47.13) and then timidly reentered the OpRa (30 min).
Altogether….it’s weak…
Cobra
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by Cobra » Mon Aug 22, 2011 10:44 am
tough call here, I'll watch. not sure if it's a bear flag. green line below must hold.
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Out of Bounds
Posts: 5623 Joined: Wed Feb 23, 2011 10:11 am
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by Out of Bounds » Mon Aug 22, 2011 10:48 am
Not trading today but I thought I would post this. Watch your pivots!
SPY _2011-08-22 104706 1.GIF (12.66 KiB) Viewed 6192 times
...
cougar
Posts: 1914 Joined: Fri May 20, 2011 9:25 am
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by cougar » Mon Aug 22, 2011 10:54 am
Fourth day in a row: QQQ makes the TOD at opening ?
Hmm…
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jarbo456
Posts: 2218 Joined: Wed Aug 10, 2011 9:19 am
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by jarbo456 » Mon Aug 22, 2011 10:55 am
Cobra wrote: 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
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by shumushu » Mon Aug 22, 2011 11:01 am
Channel and Target
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Cobra
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by Cobra » Mon Aug 22, 2011 11:04 am
bear flag indeed, tinted area as textbook target.
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KENA
Posts: 2996 Joined: Tue Feb 15, 2011 1:54 pm
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by KENA » Mon Aug 22, 2011 11:05 am
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
Posts: 2014 Joined: Thu Feb 17, 2011 12:01 pm
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by Me XMan » Mon Aug 22, 2011 11:11 am
oh boy it would be a good reversal from this morning.
KENA wrote: 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
Posts: 190 Joined: Mon Jun 06, 2011 4:12 pm
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by proteus46 » Mon Aug 22, 2011 11:14 am
1 minute chart
bears are determined to close the gap; broke 50 fibonacci; broke resistance at 57.00
Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
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by Al_Dente » Mon Aug 22, 2011 11:19 am
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?
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
99er
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by 99er » Mon Aug 22, 2011 11:26 am
99er
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by 99er » Mon Aug 22, 2011 11:28 am