10/03/2011 Intraday Watering

[Mongoose]

EURUSD has rolled over -- which I am surprised in light of the ISM number. My price target is 1.30 in the next week or so.

No one on the board has mentioned they are shorting the semiconductors. NYSE:SOXS is interesting to me.

[Al_Dente]

must be a very good number came in.

http://www.briefing.com/investor/calend ... /10/03-07/

Oct 03 10:00 ISM Index Sep 51.6 50.0 50.5 50.6
Oct 03 10:00 Construction Spending Aug 1.4% -0.6%

great data

appreciate that link
it hit there before it showed up on any of my lousy news links

[Cobra]

retest of the morning low, if hold here, good, possible Double Bottom in the forming. Le'ts wait and see.

[ukarlewitz]

Last week, for the 1st time since July 2009, the 200 day MA on $SPY has started to trend downward.

[silicon_beaver]

Oil crashed. Individual stock and ERX, all nose-dive. ERX under 30.

[soku]

if 1115 cannot hold, we will see 1102 in minutes.
ism showing strong employment. i guess the nfp may not be too bad. i still think of adding strategic long below 1100

i think the defense is successful. will not go long unless 1121 taken

[silicon_beaver]

retest of the morning low, if hold here, good, possible Double Bottom in the forming. Le'ts wait and see.

10:40am to 11:10, 30 min passed. no result. still fighting at this level. SPY 112.4, FAS 10.40

[SB73]

retest of the morning low, if hold here, good, possible Double Bottom in the forming. Le'ts wait and see.

Looks like another descending triangle?

[waverider]

must be a very good number came in.

http://www.briefing.com/investor/calend ... /10/03-07/

Oct 03 10:00 ISM Index Sep 51.6 50.0 50.5 50.6
Oct 03 10:00 Construction Spending Aug 1.4% -0.6%

great data

appreciate that link
it hit there before it showed up on any of my lousy news links

no problem, thanks for the interesting short squeeze info!

[cougar]

On my Biotechs Watch List, with the exception of MELA which is still up, all stocks are are either down or flat. Top achievers from the past (VRUS, VRTX, VRX, AGN) are the top losers. I had to put collars on some dogs like AGN. However, selling covered calls looks good today, due to a high VIX…

[silicon_beaver]

individual stock up. likely SPY FAS will move up eventually.

[BullTart]

Careful here, we may be setting up for correction rally that could last a couple of days.

This could turn into a run up into the jobs number on friday, and then a sell the new event when the number comes out.

Doing so would clean out some excess bearishness and set the stage for reload to go back down once more.

Let's see.

[Cobra]

euro zone market closed, let's see if any real direction from here.

[silicon_beaver]

Weird. stocks on my watch list move up a while but FAS doesn't.
SPY has been up in last twenty min.

[cougar]

Jack Ma (Alibaba) : “...I am very interested to buy Yahoo…Not a piece...but, all of it!”

YHOO is finally moving up…but not a lot…

[ultramarine]

Careful here, we may be setting up for correction rally that could last a couple of days.

This could turn into a run up into the jobs number on friday, and then a sell the new event when the number comes out.

Doing so would clean out some excess bearishness and set the stage for reload to go back down once more.

Let's see.

I think you may be onto something there. 112 is holding firm so there could be another mad dash for the falling trend line -- 117? But the Euro's weakness today would tend to depress any rebound rally.

[Dow Trader]

Market will not have a clear direction while it is inside ISM range, ES below 114.50 = bulls will be scared and a move above 1133.50 then shorts will clearly cover

[Mongoose]

Cobra -- do you still think it will close a green day today?

[Grizzly]

Just not getting any help from the BANKS...

[rhight]

A negative price reversal on SPX 15 min. RSI(14) occurred this morning targeting 1116. When these don't confirm, then short term trend may be changing.