10/03/2011 Intraday Watering

[jaijailyc]

Busy working in the field today, so havent been able to post today. But like I said last week Wednesday, "we will have a green day thursday or friday but by next week we will be near 1100." It has hit that target today, I have closed all my short positions at this point. See ya tomorrow.

[hemlock21]

AAPL is now in a 5 min descending triangle, bottom at 375. If that goes, so goes the techs.

[Richarab]

now my dollars can buy an airplane for my trip to europe..
http://www.cnbc.com/id/44759937

[jarbo456]

well, aug low has been taken out on the spy. what's next?

[agnosia]

now my dollars can buy an airplane for my trip to europe..
http://www.cnbc.com/id/44759937

don't worry, i am sure we will bail them out ( again ) so the ceo can get his 10million payday.

[flight23]

well, aug low has been taken out on the spy. what's next?

S&P didnt actually take out Aug low (1101.54), it hit 1101.97. Plus a quick breakthrough doesnt necessarily mean anything, it needs to move decisively below then show the 1101.54 as resistance.

[Mongoose]

Why buy a beat up old airplane when you can pick up one these . . .

http://www.pagani.com/it/default.aspx

[Cobra]

slightly lower low, not a decisive breakdown, so kind of key time if bulls can rebound here.

[KENA]

Took profits on my shorts..Buy in later.

[KENA]

Did anyone see the P bar this morn. at 114.90..This kind of makes me wonder..Wait and see

[laoguo]

Did anyone see the P bar this morn. at 114.90..This kind of makes me wonder..Wait and see

i didn't. where did u see it?

[waverider]

Did anyone see the P bar this morn. at 114.90..This kind of makes me wonder..Wait and see

i didn't. where did u see it?

nope, not on the 5 min

[Rezito]

Took all my shorts off the table now, just a small gold stock ETF position bought Friday. I think it's too oversold on the short term and not worth keeping the shorts until a bounce happens.

[KENA]

Did anyone see the P bar this morn. at 114.90..This kind of makes me wonder..Wait and see

i didn't. where did u see it?

TD Ameritrade 5 min spy.

[Al_Dente]

Internals still behind the bears, maybe needs a breather here… but watch the VIX for clues

THIS IS BACKGROUND INFORMATION ONLY, this is NOT an alert….
Here is the list of our top squeeze candidates in the dow, in order of highest amount of short interest:
GE, PFE, AA, JNJ, XOM, WMT, GM, DIS, HD, MRK, PG, CVX, KO

This lists our “other” top squeeze candidates (I’ve filtered out many), listed in order of the percentage % of their outstanding shares which are sold short:
KBH (36% of their shares outstanding are short !!), GME, LEN, JCP (note giant squeeze jcp today 12:25 ET in one single candle), UAL, BBY, HCP, DHI, WM, HST, F, TWX, CHK, CVS, SCHW, TSM, ITUB, MET, TXN, C, USB, GLW, LLY, WFC, JPM MS

Had to add MS to my list, even though not high short interest, because it appears to be the bank benchmark everyone is watching, due to its excessive CDS exposure to China and France (at least that’s what zerohedge.com has been yammering about for last 12 days.

We will always see squeeze in SPY, IWM etc., but often shows first in individual stocks.
Happy to answer any questions on request
PS: If you missed my eighteen other posts with link to the NYSE "Top 100 Short Interest" list, just ask and I'll re-post

[Cobra]

hmm, volume surge, no good. My guess was it's a 2 legged rebound because the last push down just made a small lower low. let's see how strong this pullback is, should fail, not sure, just a guess.

[KENA]

If you all read Cobras week end report we did not break the lows with a lot of force.It was a little weak.Per the report we could see some green for a while. Waite and see

[heavenskrow]

Internals still behind the bears, maybe needs a breather here… but watch the VIX for clues

THIS IS BACKGROUND INFORMATION ONLY, this is NOT an alert….
Here is the list of our top squeeze candidates in the dow, in order of highest amount of short interest:
GE, PFE, AA, JNJ, XOM, WMT, GM, DIS, HD, MRK, PG, CVX, KO

This lists our “other” top squeeze candidates (I’ve filtered out many), listed in order of the percentage % of their outstanding shares which are sold short:
KBH (36% of their shares outstanding are short !!), GME, LEN, JCP (note giant squeeze jcp today 12:25 ET in one single candle), UAL, BBY, HCP, DHI, WM, HST, F, TWX, CHK, CVS, SCHW, TSM, ITUB, MET, TXN, C, USB, GLW, LLY, WFC, JPM MS

Had to add MS to my list, even though not high short interest, because it appears to be the bank benchmark everyone is watching, due to its excessive CDS exposure to China and France (at least that’s what zerohedge.com has been yammering about for last 12 days.

We will always see squeeze in SPY, IWM etc., but often shows first in individual stocks.
Happy to answer any questions on request
PS: If you missed my eighteen other posts with link to the NYSE "Top 100 Short Interest" list, just ask and I'll re-post

Interesting

[SB73]

The uber bearish intermediate term case says the rectangle is about to give way to the downside with a measurement of 130 pts of downside pain. I recognize this is a day trading forum, but one must also step back to see what the big picture is saying.

[koolblue]

A little longer term opinion....