06/27/2011 Intraday Watering

[Cobra]

still looks like a bull flag. I'm a little bullish biased today.

[uempel]

I guess that takes care of trying to buy.Been waiting for Uempel's chart to break 1280 for more up.Wait and see.

Update. Bye guys, I've got to meet some people...

[rhight]

There's been a very strong inverse correlation between SPY and UUP since 6/10. Technically it looks like the market should go up, but the event risk with regards to the Euro is high now. Don't know how to play it with so much uncertainty. Short term only until trend changes.

[99er]

SPX
Gotta love surfer chicks.
http://99ercharts.blogspot.com/2011/06/spx_154.html

[rhight]

SPX broke above 60 min 20 MA this morning, and is sitting on it now.

[uempel]

Definitely the last chart for today:

[Cobra]

bull flag as I said. now critical here, bulls must show strength here otherwise, today's high might be in. So bulls have finger crossed, may the force be with you!

[HK88]

I see that XLY (consumer discretionary) is outperforming XLP (con. Staples) in a nice way. Actually, the trend change started not today but a few days ago...

[agnosia]

I see that XLY (consumer discretionary) is outperforming XLP (con. Staples) in a nice way. Actually, the trend change started not today but a few days ago...

this will continue if /cl continues to decline...

[99er]

SPX
Chicks.
http://99ercharts.blogspot.com/2011/06/spx_1450.html

[99er]

Some Updates

Copper http://99ercharts.blogspot.com/2011/06/copper_27.html
Crude http://99ercharts.blogspot.com/2011/06/crude.html
Gold http://99ercharts.blogspot.com/2011/06/gold.html
Silver http://99ercharts.blogspot.com/2011/06/silver.html

[Cobra]

The Federal Reserve will remain the biggest buyer of Treasuries, even after the second round of quantitative easing ends this week, as the central bank uses its $2.86 trillion balance sheet to keep interest rates low.

While the $600 billion purchase program, known as QE2, winds down, the Fed said June 22 that it will continue to buy Treasuries with proceeds from the maturing debt it currently owns. That could mean purchases of as much as $300 billion of government debt over the next 12 months without adding money to the financial system.

[soku]

i see a bullish flag with target 1272-1274.5

yep i have the same target.... squeeze coming soon to those that shorted daily pivot..

i see negative divergence and early sign of overbot. 1275-1280 was low volume area which could be res or some kind.
what bothers me is i see abnormal strength in eur/usd. kinda strange volume pattern. i will buy on dip for today.

i decide to play the res. i have half of my normal trading size in short. i will add short if 1269 broke.

the last 5 point rally is strange. the setup i am waiting for didn't happen. i short too early.
es is now at my predicted peak at 1274.5 area. no guts to add short. put in a stop at 1276.5.
technically es is still in a bearish gartley, only if 1280 is taken.

[agnosia]

The Federal Reserve will remain the biggest buyer of Treasuries, even after the second round of quantitative easing ends this week, as the central bank uses its $2.86 trillion balance sheet to keep interest rates low.

While the $600 billion purchase program, known as QE2, winds down, the Fed said June 22 that it will continue to buy Treasuries with proceeds from the maturing debt it currently owns. That could mean purchases of as much as $300 billion of government debt over the next 12 months without adding money to the financial system.

How is that not monetizing the debt?! Banana Republic anyone.... The fed is the largest holder of treasuries taking over china a few months ago.

[barbaragull]

Down, down, down, ole, ole, ole

[progruss]

The Federal Reserve will remain the biggest buyer of Treasuries, even after the second round of quantitative easing ends this week, as the central bank uses its $2.86 trillion balance sheet to keep interest rates low.

While the $600 billion purchase program, known as QE2, winds down, the Fed said June 22 that it will continue to buy Treasuries with proceeds from the maturing debt it currently owns. That could mean purchases of as much as $300 billion of government debt over the next 12 months without adding money to the financial system.

=QE 3, no?

[Cobra]

The Federal Reserve will remain the biggest buyer of Treasuries, even after the second round of quantitative easing ends this week, as the central bank uses its $2.86 trillion balance sheet to keep interest rates low.

While the $600 billion purchase program, known as QE2, winds down, the Fed said June 22 that it will continue to buy Treasuries with proceeds from the maturing debt it currently owns. That could mean purchases of as much as $300 billion of government debt over the next 12 months without adding money to the financial system.

How is that not monetizing the debt?! Banana Republic anyone.... The fed is the largest holder of treasuries taking over china a few months ago.

who'd buy us debt if not Fed? you think rest of the world would buy us debt knowing the US$ is going down and down and down?

[Cobra]

The Federal Reserve will remain the biggest buyer of Treasuries, even after the second round of quantitative easing ends this week, as the central bank uses its $2.86 trillion balance sheet to keep interest rates low.

While the $600 billion purchase program, known as QE2, winds down, the Fed said June 22 that it will continue to buy Treasuries with proceeds from the maturing debt it currently owns. That could mean purchases of as much as $300 billion of government debt over the next 12 months without adding money to the financial system.

=QE 3, no?

QE 2.5.

[agnosia]

Down, down, down, ole, ole, ole

i smell an overnight low vol ramp to 1280 resistance tonight. just a hunch

[barbaragull]

The Federal Reserve will remain the biggest buyer of Treasuries, even after the second round of quantitative easing ends this week, as the central bank uses its $2.86 trillion balance sheet to keep interest rates low.

While the $600 billion purchase program, known as QE2, winds down, the Fed said June 22 that it will continue to buy Treasuries with proceeds from the maturing debt it currently owns. That could mean purchases of as much as $300 billion of government debt over the next 12 months without adding money to the financial system.

=QE 3, no?

QE 2.5.

Some guys talked QE 2.5 on CNBC weeks ago. It is not new info. Should it justify a big rally?