01/09/2012 Intraday Watering

[Cobra]

Flat open so any gap would be filled.

The global ES looks like a huge consolidation range, so still a breakout on the upside is more likely.

[KeiZai]

Stocks due for a bounce

http://www.youtube.com/watch?feature=pl ... aXBWlZ5DMQ#!

[1der]

Good Morning All --- AAPL is cents away from all time high of $426.70

[Al_Dente]

Good morning
AA reports today after the close, kicking off earnings season.
The consensus earnings estimate is $0.01, with a high and low of $0.17 and $-0.07, respectively.

12:40 pm ET 01/08/2012 - Reuters
Barron's reported on Sunday:
”… weak aluminum prices may have bottomed while demand for the metal remains strong … Alcoa's fourth-quarter results… are not going to be pretty…it could post a ‘slight operating loss’ due to the 20% drop in aluminum prices during the second half of 2011….”

[jarbo456]

good morning all. my reads for the weekend is that everyone is looking for the same thing...a move higher (to 1300-1330), and then a large correction of some sort.

[99er]

Good Morning.

Coffee, honey?

http://99ercharts.blogspot.com/2012/01/regs.html

Or a cartoon?

[Al_Dente]

Tom McClellan’s Dow oscillator:
http://www.mcoscillator.com/learning_ce ... s_trouble/

“Caution is warranted... because not every divergence like this turns immediately into a reversal for the stock market. It is merely describing a condition, and there is no guarantee that prices will roll over right away just because the participation in the rally is waning...”

[99er]

Shall we ski?

AUDJPY http://99ercharts.blogspot.com/2012/01/audjpy_09.html

On a risk off day?

[99er]

Why not?

ES http://99ercharts.blogspot.com/2012/01/es_09.html

We can break the neckline.

GLTA.

[waverider]

Seems like a comment from Merkel/Sarkozy hilariously claiming they may avoid a recession sparked an overnight pop...

[KeiZai]

DAX

(btw if anyone is interested I think that BMW is ready to short)

[Cobra]

the open.

[stucap]

Stubborn bulls already fighting the gap close. Probably be a quick move to it. Cover quick if you're short

They just got it on the SPX. Do they have to get the SPY too?

[99er]

Honey?

SPX http://99ercharts.blogspot.com/2012/01/spx_09.html

Ready when you are.

[BullBear52x]

GM,

Well, $VIX gap up hmmm, ya know the out come

[waverider]

Stubborn bulls already fighting the gap close. Probably be a quick move to it. Cover quick if you're short

They just got it on the SPX. Do they have to get the SPY too?

Thanks, I'm chillin short.

[SB73]

A little late on the post, but fading the gap looking for a test of the overnight low. 50/50 odds on a green day today from what I see, but seasonality is bearish.

[Cobra]

no damage on the chart yet, let's wait. but in case we have another morning dip, I don't expect it to be bought again as it's the 4th time now.

[Cobra]

support here.

[waverider]

Let's look at the VIX.