10/05/2011 Intraday Watering

[JustTrading]

Cobra,

Do you think the ECB will cut rates tomorrow? If so, do you expect that to be market positive for both US and International markets in general?

[Dow Trader]

Cobra,
just for fun, today's high so far worked with the magic number in S&P which is 6

so far 64 points from 1073
lets see if today's high will exceed 1144

[uempel]

I'm waiting for an opportunity to short up at 1150... Presumably it's not today, might be Thursday or Friday.

[BullBear52x]

looks like I am going into the night with Long SSO and TZA. tell me what a mess.

[hdenandy]

All eyes on the FT's website for the release of tomorrow's edition coming up around 8pm, UK time.

Any market driving headlines tonight I wonder ??

[Mr. BachNut]

looks like I am going into the night with Long SSO and TZA. tell me what a mess.

A mess indeed:

XLF -0.77%
IWM +0.11%
SPY +1.00%
QQQ +2.18%

[yellowreign]

Cobra, I saw the new site. Looks good, do you need help with it?

[waverider]

Look at YHOO...

[Grizzly]

From Kimble: "So what is the macro message coming from the high yield complex? Weak companies in the states are getting weaker! Can stocks rally in the face of the high yield decline? Yes. Are high yields suggesting you can buy stocks here and "buy, hold and hope" will work well? Based upon the action of high yield funds and If history is a guide, Not yet!
Using high yields as a tool, until their price action improves...rallies are counter trend!"

[cougar]

I'm waiting for an opportunity to short up at 1150... Presumably it's not today, might be Thursday or Friday.

SPX5.png

Very nice Uempel! I am also waiting for 1150. But, until then, I’ll be “dilettante stock-picker“...

[Al_Dente]

UH-OH!

Seriously, I LOVE yr name grizzly
What do you have in yr big ol’ yes-we-can-o’-worms?
B just like them to wait for circa 3:00 ET and run em into the close
They can’t do that two days in a row….. can they

[Richarab]

looks like I am going into the night with Long SSO and TZA. tell me what a mess.

does sound like a sleepless night

[Cobra]

Cobra, I saw the new site. Looks good, do you need help with it?

not for now, thanks.

[Cobra]

Cobra,
just for fun, today's high so far worked with the magic number in S&P which is 6

so far 64 points from 1073
lets see if today's high will exceed 1144

hmm, interesting, thanks. but I think there's more on the upside. we'll see.

[Roadrunner]

setting up for another massive short squeeze into the close.. first a quick head fake down...sounds crazy.. but then again ...

wonder if this is the quick head fake down? i hope so!

yep - perhaps a little earlier than yesterday too

[BullBear52x]

looks like I am going into the night with Long SSO and TZA. tell me what a mess.

does sound like a sleepless night

I might get to take profit on SSO today before close UP UP Ole Ole Ole I learned to play both side from Cobra. side way market works good.

[Mongoose]

ECB makes its announcement tomorrow -- liquidity vs inflation

http://online.wsj.com/article/BT-CO-201 ... 09968.html

[Cobra]

Cobra,

Do you think the ECB will cut rates tomorrow? If so, do you expect that to be market positive for both US and International markets in general?

no idea. I don't read news (at least pretend to ignore them).

Cut rate is to encourage to borrow more. but the problem is debt. in order to solve debt problem, you have to borrow more. I don't understand the logic behind it, by the way. I'm not saying they should not cut rate. I just say our nowadays life is what we borrowed from the future, got to be a pay time one day. Just hopefully not our current generation.

[uempel]

All eyes on the FT's website for the release of tomorrow's edition coming up around 8pm, UK time.

Any market driving headlines tonight I wonder ??

Headlines are used to conjure up excuses for going either short or long. The debt problem won't be solved by tomorrow, Alcoa's results are only due next week. So market can do whatever it wants Thursday and Friday: wild swings are the most
profitable for Wallstreet, the most profitable and for you and me...

[BullBear52x]

Cobra,

Do you think the ECB will cut rates tomorrow? If so, do you expect that to be market positive for both US and International markets in general?

no idea. I don't read news (at least pretend to ignore them).

Cut rate is to encourage to borrow more. but the problem is debt. in order to solve debt problem, you have to borrow more. I don't understand the logic behind it, by the way. I'm not saying they should not cut rate. I just say our nowadays life is what we borrowed from the future, got to be a pay time one day. Just hopefully not our current generation.

Worst come to worst you go to default on debt, everyone lose, but if it happen to everyone it's normal, no harm done.