Back to www.cobrasmarketview.com

   

10/17/2011 Intraday Watering

10/17/2011 Intraday Watering

Postby Cobra » Mon Oct 17, 2011 9:01 am

Small gap down, within the Friday's range so the gap might be filled.

Not much to say on Global ES, the feeling is the overnight high at 1230 might get revisited. I'd pay close attention if the pullback this time is larger than the last time to gauge whether the up momentum is weakening.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 44795
Joined: Sat Feb 12, 2011 10:29 pm

Re: 10/17/2011 Intraday Watering

Postby agnosia » Mon Oct 17, 2011 9:07 am

morning guys.. i was up at 4:30 am today... saw we were at major resistance and shorted /es 1230. i am looking to cover near 1210. good luck today ....
agnosia
 
Posts: 1491
Joined: Fri Mar 11, 2011 10:59 am

Re: 10/17/2011 Intraday Watering

Postby sycamore » Mon Oct 17, 2011 9:08 am

i got some sds friday.
sycamore
 
Posts: 15
Joined: Thu Jun 23, 2011 10:16 am

Re: 10/17/2011 Intraday Watering

Postby TWJ » Mon Oct 17, 2011 9:11 am

Overall, this looks like a possible doji day. Good morning to all and Happy Trading! :D
TWJ
 
Posts: 17
Joined: Tue Oct 11, 2011 6:09 pm

Re: 10/17/2011 Intraday Watering

Postby Al_Dente » Mon Oct 17, 2011 9:14 am

analyst tidbit (copyright schwab)
“…Sam Stovall is chief equity strategist at Standard & Poor's. He notes that expectations for corporate earnings have come down significantly in recent months… the consensus Q3 earnings estimate for S&P 500 companies has been pared from 16.9% in July to 13.1% as earnings season began. Energy names are likely to show the strongest improvement with a double digit increase. Towards the low end are the financials which have seen their quarterly earnings growth rate slashed from 14.9% in the summer to 0.9% now. Looking ahead, the analyst community anticipates Q4 earnings to grow by 13.8% as tracked by Thomson Reuters…”

“… Mr. Stovall provides … technical tidbit ... the quarter just ended marked the tenth time since World War II that the major averages experienced a drop of more than 10% in the third quarter. Stovall's research found that stocks rose in eight of the nine subsequent fourth quarters by an average of 7.2%.... While Stovall is optimistic about the present quarter, he remains cautious overall. He warns that a Q4 stock market rally could be followed in the first part of 2012 by a slide back to the recent bear market levels under S&P 1100….”
User avatar
Al_Dente
 
Posts: 23104
Joined: Thu Jul 21, 2011 2:29 pm

Re: 10/17/2011 Intraday Watering

Postby 99er » Mon Oct 17, 2011 9:15 am

User avatar
99er
 
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm

Re: 10/17/2011 Intraday Watering

Postby 99er » Mon Oct 17, 2011 9:21 am

User avatar
99er
 
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm

Re: 10/17/2011 Intraday Watering

Postby cougar » Mon Oct 17, 2011 9:27 am

Good morning Cobra!
In spite of the engineered “rampo” on close, Adv/Decl ratio of NDX did not move drastically…and NDX stayed in a “cycling mode”. This is compatible with a lame market today…
Attachments
NDXgif.GIF
cougar
 
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 10/17/2011 Intraday Watering

Postby 99er » Mon Oct 17, 2011 9:28 am

User avatar
99er
 
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm

Re: 10/17/2011 Intraday Watering

Postby Cobra » Mon Oct 17, 2011 9:33 am

the open. very nice, stockcharts shows no charts. :o will have to use ninjiatrader instead.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 44795
Joined: Sat Feb 12, 2011 10:29 pm

Re: 10/17/2011 Intraday Watering

Postby waverider » Mon Oct 17, 2011 9:35 am

Cobra wrote:the open. very nice, stockcharts shows no charts. :o will have to use ninjiatrader instead.


Strange, it's working for me. Try re-updating.
"The only way to get a real education in the market is to invest cash, track your trade, and study your mistakes"

-Jesse Livermore
User avatar
waverider
 
Posts: 863
Joined: Thu Aug 18, 2011 4:24 pm

Re: 10/17/2011 Intraday Watering

Postby 99er » Mon Oct 17, 2011 9:40 am

So honey...shall we go to the beach today?
SPX http://99ercharts.blogspot.com/2011/10/spx_17.html

What for? Watch the cliff divers?
User avatar
99er
 
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm

Re: 10/17/2011 Intraday Watering

Postby Al_Dente » Mon Oct 17, 2011 9:40 am

PAGING JARBO
1min internals to watch the open, rearranged again, this time I swear is easier 2 read
Looks cocked up: stockcharts not even yet showing spy/sh open!!… so much for live…BUT NYADV/NYDEC ARE LIVE
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =246007758
u still looking for more weakenss? lots today
Will GOOG abandon that baby near the close?
User avatar
Al_Dente
 
Posts: 23104
Joined: Thu Jul 21, 2011 2:29 pm

Re: 10/17/2011 Intraday Watering

Postby jarbo456 » Mon Oct 17, 2011 9:46 am

Al_Dente wrote:PAGING JARBO
1min internals to watch the open, rearranged again, this time I swear is easier 2 read
Looks cocked up: stockcharts not even yet showing spy/sh open!!… so much for live…BUT NYADV/NYDEC ARE LIVE
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =246007758
u still looking for more weakenss? lots today
Will GOOG abandon that baby near the close?


i want to see even more decliners! :)
User avatar
jarbo456
 
Posts: 2218
Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY

Re: 10/17/2011 Intraday Watering

Postby Cobra » Mon Oct 17, 2011 9:47 am

waverider wrote:
Cobra wrote:the open. very nice, stockcharts shows no charts. :o will have to use ninjiatrader instead.


Strange, it's working for me. Try re-updating.


No I changed another machine, still don't work.

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 44795
Joined: Sat Feb 12, 2011 10:29 pm

Re: 10/17/2011 Intraday Watering

Postby alvian33 » Mon Oct 17, 2011 9:48 am

cobra do you see the p-bar on spy at 123.5? thanks
alvian33
 
Posts: 282
Joined: Thu Mar 10, 2011 10:48 am

Re: 10/17/2011 Intraday Watering

Postby Tuna1889 » Mon Oct 17, 2011 9:49 am

I have the P-Bar on I.B.
Tuna1889
 
Posts: 15
Joined: Mon Jul 11, 2011 9:25 am

Re: 10/17/2011 Intraday Watering

Postby bpi22 » Mon Oct 17, 2011 9:54 am

bpi22
 
Posts: 17
Joined: Mon Jun 20, 2011 9:45 am

Re: 10/17/2011 Intraday Watering

Postby 99er » Mon Oct 17, 2011 9:56 am

Cliff diving?
RUT http://99ercharts.blogspot.com/2011/10/rut_17.html

They may bounce off that ledge.
User avatar
99er
 
Posts: 3686
Joined: Mon Feb 14, 2011 3:43 pm

Re: 10/17/2011 Intraday Watering

Postby agnosia » Mon Oct 17, 2011 9:56 am

today's tell is WFC... i covered my shorts at 1210... we should find some support around here. i am am slight long 1210. stop is 1207.75
agnosia
 
Posts: 1491
Joined: Fri Mar 11, 2011 10:59 am

Next

Return to Traders Lounge

Who is online

Users browsing this forum: No registered users and 7 guests