06/03/2011 Intraday Watering

[soku]

Closing my SPY and USO calls here for a quick 5%

i just added more longs. i see 1307.25 at first sight

Expecting a move to a lower low as market makers take out stops, but I will be buying there. If it continues higher, that's ok, I'm long this market here for the longer run with a few small long positions.

i checked the chart again. maybe u r right. i shd not add up. i put in a trailing stop. well let's see.

[99er]

EURUSD
Jean Claude's last erection...
http://99ercharts.blogspot.com/2011/06/eurusd_03.html
More than four hours for sure...call the doctor.

[cougar]

For those interested in Biotechs: The “V stocks” VRUS and VRX are bucking the trend!

[cletus]

I read this good post on why people should think about buying dips in the next few weeks. Good returns on avg from this kind of setup, BUT, I will say there is 3 bearish days next week so the final low probably won't be in until the end of next week, so trade could get choppy the next few days.

http://quantifiableedges.blogspot.com/2 ... e+Edges%29

[BullBear52x]

Look at intraday fib fan here.

[DWebb]

lOve ya cobra, I'm just biting my time, all in good time bro.

[cougar]

PALL apparently found support and is now moving UP quite strongly!

[99er]

SPX
Hanging...
http://99ercharts.blogspot.com/2011/06/spx_03.html

[JTrader]

Who else went long @ the open based on this?

http://lh4.ggpht.com/-Hd1Ryf3rWCw/TegoH ... 25255D.png

[DRL]

PALL apparently found support and is now moving UP quite strongly!

My analysis suggests this is at its top. Up against its daily trend line. See also teh 15 min shot.
Doesn't mean it can't break thru, but hasn't for quite some time.

[soku]

i just added more longs. i see 1307.25 at first sight

Expecting a move to a lower low as market makers take out stops, but I will be buying there. If it continues higher, that's ok, I'm long this market here for the longer run with a few small long positions.

i checked the chart again. maybe u r right. i shd not add up. i put in a trailing stop. well let's see.

wow that was scary. now i took the stop off. a little bit too excited today. went crazy on risk management.

[jamesmith]

gap filled~~ what's next? :?

[99er]

RUT
Watch that potential neckline here...
http://99ercharts.blogspot.com/2011/06/rut_03.html

[Bencat]

huge bar with volume surge, if this is not an exhaustion bar, then pretty much bears are dead. QE3 will be in the play, i'd ask you guys donate me CANADIAN DOLLAR please no US$!

today the NFP usual pattern does happen! bear dead!

[alvian33]

anyone trades /CL (oil futures) any thoughts? looks like it wants to go up, I went long here

[FJoe]

Cobra,

Thoughts on if the HOD is in?

[StrikePrice]

huge bar with volume surge, if this is not an exhaustion bar, then pretty much bears are dead. QE3 will be in the play, i'd ask you guys donate me CANADIAN DOLLAR please no US$!

today the NFP usual pattern does happen! bear dead!

Nah, just typical rebound. Time is on the Bears side.

[soku]

1307.25 closed all long position. it was lucky. i am not in good trading mode. taking the rest of the week off.
good luck guys.

[jimmythegeek]

Lots of trading left for today, but in looking at SPY volumes today only (making possibly bad assumption that for the most part the existing open interest for the weekly expiration was mostly hedged coming into the day with an uncertain unenjoyment number), 131 even would be a nice place to peg it for expiration. The 131 straddle could be sold for approx. .70 (.77 when I started typing--too slow!) Not my trade, but the pros that are a lot quicker may be looking at this. Great weekend to all!

[jyao]

huge bar with volume surge, if this is not an exhaustion bar, then pretty much bears are dead. QE3 will be in the play, i'd ask you guys donate me CANADIAN DOLLAR please no US$!

today the NFP usual pattern does happen! bear dead!

What is NFP pattern? Even Cobra mentioned as well.
Thanks...