03/23/2012 Intraday Watering

[Cobra]

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Flat open, so any gap will be filled.

The Global ES doesn't look good for bulls because the rebound attempt failed overnight forming a possible lower high here. Let's see if bears can make a lower low here.

[johnnywa]

Test 1385 and reversal day?

[Jose]

Hello Cobra and all!

My last post: viewtopic.php?p=68105#p68105

Major developments in the morning (I'm Europe based)

S&P 500 - Failed to sustain above EMA 50 in a big zone for reaction (that is RSI 50 for me)

NQ 100 - Went beautifully to test the high, still pricing above my channel bottom.

DAX - Went right to the grey line I talked about and then fell through. It is now fighting to stay above MA 200.

In a sentence: It's everyone game right now.

I'm out and waiting for further opportunities. Actually I'm short EURUSD, may post that chart in a while.

[stucap]

I am frankly clueless this morning. The close of yesterday had me thinking double-bottom with a rally in store for today but, it appears that rally occurred overnight followed by a whipsaw back down. Onus is back on the bears to turn the market downwards again --- so I'm leaning bull this morning. Support is clear here -- 1382.50 ES must break or buy buy buy. So definitely some decent risk reward for bulls off the bell....

[jarbo456]

everyone up to speed on tvix? indicative value for tvix is 7.83 or there abouts...someone obviously got the info that CS was going to start reissuing shares early and led the rampage of tvix yesterday...

the issuance will be limited to begin with, so expect some premium on tvix until CS fully opens the issuance throttle.

small blurb on the front of marketwatch this morning that the SEC has begun an early investigation of HFT's.

[stucap]

everyone up to speed on tvix? indicative value for tvix is 7.83 or there abouts...someone obviously got the info that CS was going to start reissuing shares early and led the rampage of tvix yesterday...

the issuance will be limited to begin with, so expect some premium on tvix until CS fully opens the issuance throttle.

small blurb on the front of marketwatch this morning that the SEC has begun an early investigation of HFT's.

The investigation of HFTs in this matter is a joke --- if TVIX had gone the other way --- say up to $500 --- no one would complain. The investigation should be on CS --- for a) leaking their intentions to some hedge funds and b) designing a flawed product and selling it to the public.

[Cobra]

the open.

[KENA]

Per Stocktiming...Liquidity had a slight dn tick yesterday but is still in hi range..Shanghai went into sell mode last night..Anyones trade today..I'm very slightly on bull side. Lets see.

[trendfollower]

Good learning article & video on S&P 500 E-Mini:

http://goo.gl/UmL7I

[Denali92]

Hello Cobra and all!

My last post: viewtopic.php?p=68105#p68105

Major developments in the morning (I'm Europe based)

S&P 500 - Failed to sustain above EMA 50 in a big zone for reaction (that is RSI 50 for me)

NQ 100 - Went beautifully to test the high, still pricing above my channel bottom.

DAX - Went right to the grey line I talked about and then fell through. It is now fighting to stay above MA 200.

In a sentence: It's everyone game right now.

I'm out and waiting for further opportunities. Actually I'm short EURUSD, may post that chart in a while.



THANKS for the comments - I do think that the DAX and other European indices, but particularly the DAX are key right now as they have been the driver of the overnight gaps - the DAX is RIGHT at its 20 day MA - which has held as support with the exception of the March 6th - 7th correction since the beginning of the year..... Yes, just 2 days below the 20 day MA - amazing - 20 day MA is 6948 and we are trading at 6948.....

A weekly close below could make things more interesting - I miss the days of the volatile 2 way markets!

-D

sp500_3.jpg

nq100_1.jpg

dax 1.jpg

[johnnywa]

Kabee homes getting smacked ,lead us down homebuilders

[BullBear52x]

Look at /ES we will test LOD of yesterday on cash and /ES may go as low as 1377 before seeing a support.

[johnnywa]

Look at /ES we will test LOD of yesterday on cash and /ES may go as low as 1377 before seeing a support.

Today your looking at possible 15 points down or is that into Monday??

[Al_Dente]

Concerned that overweight AAPL is distorting the QQQs?
Here is 15 min Q, with AAPL in the chart below Q, and QQEW, the equal weighted Q, in blue behind AAPL.

[Cobra]

critical time for bears because if bulls could manage a rebound here then the low was in, so bears must push down hard, no turning back.

[BullBear52x]

Look at /ES we will test LOD of yesterday on cash and /ES may go as low as 1377 before seeing a support.

Today your looking at possible 15 points down or is that into Monday??

only if we take out yesterday LOD, maybe Monday, but then again looking at TRIN and financial sector, it's bullish bias. so we might just stay flat. in any case no intraday buy signal just yet.

[Harapa]

Expect heavy defense of L1 and L2. L2 is a buy point for longs per DeMark. For more details see here viewtopic.php?f=2&t=483&sid=c9c5cadd767 ... 3b6#p66080

[BullBear52x]

Expect heavy defense of L1 and L2. L2 is a buy point for longs per DeMark. For more details see here viewtopic.php?f=2&t=483&sid=c9c5cadd767 ... 3b6#p66080

Yes, last stand for bulls on these 3 majors, they need this support or trend will officially change to down per my time frame.

[Mr. BachNut]

Closed short at ES 1385 for profit. Upside and downside seemed pretty balanced and 13 day MA (which has been rising) was hit at that level. This setup calls for covering on an up close and I know I should let my profits run, but it is Friday and the weather is nice. Also, the overbought condition signaled by ARMs Ratio moving average last week seems like it should be pretty cleared by now. So, the rationale for the trade has depreciated.

It's just a feeling, but I think the funds that have been selling for quarterly rebalancing of their portfolios will wrap it up for the week this morning and the folks who have been short this week may cover in the afternoon rather than carry over the weekend. So, I rang the register...

[uempel]

Update: