03/08/2011 Intraday Watering

[Dow Trader]

I see a good deal for me here , I just bought Oil $104 area and sold Dow 12240-12280 area

[simpletrade]

One strange thing today, Chinese social media(SINA, SOHU,etc) up big, ag stocks(MOS, POT) down in a very strong market. Usually they are in sync.
I have a few MOS naked puts. Long term, if we don't have double dip recessions, ag stocks should go higher, so many people to feed....

[KENA]

If you don't want to short the indexes CAT and DE looks like a good short when the mkt pull back. These two are very topy.

[Cobra]

little trend line here. Not sure what's next.

[Me XMan]

Good tip. Thanks.

If you don't want to short the indexes CAT and DE looks like a good short when the mkt pull back. These two are very topy.

[verve$]

I am long on spy. Should I get out???

little trend line here. Not sure what's next.

[Cobra]

if I may guess, there should be at least one more push up to test today's high. Now let's see how H2 long at EMA20 works.

[Fritz Baxter]

Advancing volume has dried up on XLF at the 50% Fib off the Feb highs.
Maybe time to look at a short term FAZ trade.

[BullBear52x]

Advancing volume has dried up on XLF at the 50% Fib off the Feb highs.
Maybe time to look at a short term FAZ trade.

I am looking at FAZ too but it went right thru 1h 200ma. it's hard for me to buy it, if it goes it will run into a resistance at 39.27ish area.

[Me XMan]

Short FAZ and you'll make money in the long run.

BTW, financials going up signaling QE3 coming?

Advancing volume has dried up on XLF at the 50% Fib off the Feb highs.
Maybe time to look at a short term FAZ trade.

I am looking at FAZ too but it went right thru 1h 200ma. it's hard for me to buy it, if it goes it will run into a resistance at 39.27ish area.

[Fritz Baxter]

I suspect financials are going up from the rotation out of energy and the comments from the investor's conference by BAC indicating that they are waiting on the FED to "allow" them to restart dividends. Wishfull thinking considering their cashflow IMO

[Cobra]

No idea if H2 triggered whether it's a good setup or not.

[KENA]

I am taking a way in the money put (april) onCat. This will correct even if the mkt is somewhat green.It will usuallay have large moves.

[BullBear52x]

SPY has to clear top tred line before I'll buy. third time is a charm? nice intraday Bull flag set up right now, it could signal TOD also.

[BullBear52x]

sell pressure is picking up on both TICK and TICKQ

[99er]

/NQ
The Red Line will be leaving Times Square...heading downtown.
http://99ercharts.blogspot.com/2011/03/nq_2004.html
All aboard!

[greenback]

No idea if H2 triggered whether it's a good setup or not.

Seems that the H2 long will pay off ...

[Cobra]

No idea if H2 triggered whether it's a good setup or not.

Seems that the H2 long will pay off ...

Hard to say. Start off pretty slow.

[BullBear52x]

Spide probably park here at 38.2% Fib retracement at a close, boring day since I got no gut going long early today now up a penny ( yes, 1 penny) I am done today.

[99er]

SPX
Do or die for Bears.
http://99ercharts.blogspot.com/2011/03/spx_3232.html