02/02/2012 Intraday Watering

[BullTart]

About an hour left and so far, all RSI divergences are till intact between the SPY, Dollar, VIX and now, even TVIX.

Speaking of TVIX, we pretty much touched the all time low today since its inception.

WIll RSI divergences resolve tomorrow? It will be very, very interesting to see what happens here.

[BullBear52x]

USO has a bounce

Petsamo...you still holding UNG...looks very strong. I picked some up this morning

Magnificent !
If UNG gaps up tomorrow, I'm pressing the sell button

5.75 I am back in not right now. ( for my frinds )

Maybe UNG may set a flag. The moment you buy, it may dump

well, if it doesn't want to move higher than 5 or 6 dollars then it's no good to hold it. NG can not go to zero.

[FinancePhD]

About an hour left and so far, all RSI divergences are till intact between the SPY, Dollar, VIX and now, even TVIX.

Speaking of TVIX, we pretty much touched the all time low today since its inception.

WIll RSI divergences resolve tomorrow? It will be very, very interesting to see what happens here.

Let's see what will happen tomorrow... If we break 1360 and a intermediate reversal, rather than a rebound, was firmly believed by most funds, then the dooms days of bears will be coming...

[Al_Dente]

This one is for you Al, just speculation...

Cool thanks much TG
We have diff methodology
I see yr neg d line on RSI today
I cant draw neg d line UNTIL PRICE MAKES NEW HI (no new hi on price = no neg diverg. same at lows: no new low on price, I can’t draw any pos diverg on RSI)
Eg: your 12/6 ish neg diverg RSI = same as mine = new high on price, but RSI momo didn’t make new hi = neg d

[TraderGirl]

USO has a bounce

Here is the Weekly on UCO...

[TraderGirl]

USO has a bounce

Here is the Weekly on UCO...

Looks like a Bear Flag, so support must hold...

[SigmaEcho]

Hi Cobra,
Can you explain why tvix keeps dropping on huge volume lately. What do you think about the big volume?
Tnx

[BullBear52x]

Vix can't even make it pass 18.20 sad day for bears if it will not today.

[Petsamo]

USO has a bounce

Here is the Weekly on UCO...

Dang ! I didn't know there was a leveraged oil ETF !

[Cobra]

so far goes as planed. the bias is still up.

[SigmaEcho]

About an hour left and so far, all RSI divergences are till intact between the SPY, Dollar, VIX and now, even TVIX.

Speaking of TVIX, we pretty much touched the all time low today since its inception.

WIll RSI divergences resolve tomorrow? It will be very, very interesting to see what happens here.

Dax (year) high 6667.98.
Would be nice turn point

[costco]

so far goes as planed. the bias is still up.

why bulls never give up?

[Hawk]

About an hour left and so far, all RSI divergences are till intact between the SPY, Dollar, VIX and now, even TVIX.

Speaking of TVIX, we pretty much touched the all time low today since its inception.

WIll RSI divergences resolve tomorrow? It will be very, very interesting to see what happens here.

BulTart: Do you expect TVIX to be at 45 by Feb end per your chart?

[cougar]

SPY update...for mini-swings:

[TraderGirl]

Cobra, I believe you posted a chart or stats regarding the jobs report that the market has usually sold off after the report if we rally, and we are up later if we sell off...?? Can't remember the stats...

[Petsamo]

So far, we're just mimicing what overseas markets did, flat. For US to be bearish, da bears need to do serious damage.

[BullBear52x]

SPY update...for mini-swings:

I got intraday flashing sell.

[Cobra]

target, probably.

[Cobra]

Cobra, I believe you posted a chart or stats regarding the jobs report that the market has usually sold off after the report if we rally, and we are up later if we sell off...?? Can't remember the stats...

yes, you remember it correctly.

[Cobra]

well, hopefully a breakout here.