02/16/2012 Intraday Watering

[Cobra]

Flat open so any gap will be filled.

The Global ES is testing the previous support. It's the 4th test so chances are high that the support won't hold. The overnight action looks like a consolidation which also imply continuation (on the downside). So all in all, bears have the ball and are attacking. The question is if yet again simply any bearish odds don't work at all? Well, we'll find out soon.

[dcurban1]

Still on Bull Side for Now

http://www.atruecontrarian.com/2012/02/ ... r-now.html

Technical Analysis - Silver Reverse Head and Shoulders???

http://www.atruecontrarian.com/2012/02/ ... -2012.html

Good morning everyone. Spent the week at Social Media Week in New York. Awesome experience.

[koolblue]

From sentimentrader: " There have been 3 other times in 15 years that Apple stock rallied at least +2% to a 52-week high, then reversed intraday to close at least -2% lower. Each time, the S&P 500 declined at least -6.8% at some point during the next month. The dates were 7/9/98, 8/19/98 and 10/11/07. Even if we just look at 1% reversals in Apple, the S&P's decline during the next month averaged -5.2%, compared to rallies averaging +1.8% (there were 16 instances)."

[jimme]

GM All,

It looks like another pump and dump, exactly like yesterday. Spy futures up and GLD futures down. Still short GLD with a target of 1600 where I will be a buyer. Good luck to all. jimme

[Al_Dente]

GM all
According to Fast Money last night: AAPL is currently 20% of $NDX (April 2011 it was 20% of $NDX)
They called nasdaq yest asking about rebalancing rumors
nas wouldn’t comment specifically on AAPL, but they did tell FM that their trigger for rebalance would be 24%

[noob]

Still on Bull Side for Now

http://www.atruecontrarian.com/2012/02/ ... r-now.html

Technical Analysis - Silver Reverse Head and Shoulders???

http://www.atruecontrarian.com/2012/02/ ... -2012.html

Good morning everyone. Spent the week at Social Media Week in New York. Awesome experience.

nice chart on silver, but I think you are confusing head with shoulder here...

[Cobra]

the open.

[koolblue]

FEB 16TH could be a turning point

[Al_Dente]

PAGING Baron von Dollar !!!!!

[TraderGirl]

From sentimentrader: " There have been 3 other times in 15 years that Apple stock rallied at least +2% to a 52-week high, then reversed intraday to close at least -2% lower. Each time, the S&P 500 declined at least -6.8% at some point during the next month. The dates were 7/9/98, 8/19/98 and 10/11/07. Even if we just look at 1% reversals in Apple, the S&P's decline during the next month averaged -5.2%, compared to rallies averaging +1.8% (there were 16 instances)."

Thanks kool!! this market just may invert and be down into the end of March. It has already inverted in February, should have been down into first week or two, but instead we got a rally, so we will have to wait and see....

[Major]

Currency traders might be interested in the following -

From The Slog (UK site) >http://hat4uk.wordpress.com/<

GREEK DEFAULT EXCLUSIVE: SENIOR US BANKERS GIVEN EXPLICIT TIMETABLE FOR ATHENS DEFAULT

[trendfollower]

Levels for S&P 500:

http://goo.gl/gt5Xx

[KENA]

VIX is getting closer to 23+.Because of the high liquidity into the mkt VIX has to get higher to offset the higher liquidity then lets see what happens..We still have to break thru 133.94 and more to get moving.

[BullBear52x]

PAGING Baron von Dollar !!!!!

Yes, nice ha? VIX staying cool right now too while we are trade higher, this is another divergence in itself. bears will get pay shorting right here.

[Cobra]

nothing to say, could be a channel.

[KeiZai]

GM,

waiting for Philadelphia Fed Manufacturing Survey it will show direction, for now is likely more down

[Al_Dente]

PAGING Baron von Dollar !!!!!

Yes, nice ha? VIX staying cool right now too while we are trade higher, this is another divergence in itself. bears will get pay shorting right here.

Why u choose UUP over TLT yest?

[Cobra]

revisit the previous low, cannot make a decisive lower low then the low was in, so key time.

[SWalsh]

Pogo was wrong:

"I have met the enemy of mankind, and it is the computer!"

Enjoying your police state today?

[KENA]

Just noticed the VIX at 21.69 which is now above the 50 dma at 21.50 Thats good.