10/11/2011 Intraday Watering

[gabor]

It seems to be a quiet open, I expected more volatility.

[jarbo456]

muni update....

"Last week – munis had the worst week in almost a year, 10 year MMD/Treasury ratios blew out to levels not seen since 4/09.
Supply feels thick, but we might see the “incredible shrinking supply calendar” as a lot of the deals were predicated on refunding/defeasances, and after the selloff, the math just doesn’t work on a lot of the deals…. I guess the way it goes for the sell side – if yields are low, sell ratios, if ratios are crap, sell yield…….
Guess which environment we’re in now?

On the credit side, be prepared for a spate of bad news bears over the next couple of months: Cal’s monthly revenues are creaking closer to trigger cuts, State of NY’s comptroller released a grim report about the impact of layoofss on the financial sector and governmental tax revenues. Thus, we are approaching “midyear budget revision season” in which all the chickens from the Pollyanna budgets cobbled together in June/July are now coming home to roost. . . of course, all of this “distress” is just noise…. Blah blah blah. What ISn’t noise, however, are some massive downgrades coming down the pike for special assessment/tab/tif backed bonds. This year, assessed values are going to take hits, and the Tabs/Tifs are going to be the ones that get hit the hardest, without much of a parachute."

[tdo722]

Good morning everyone.

Great site! I've been following it for a while.

I'm (obviously) new here but I thought I would add my 2 cents worth. Richard Russell (a bear) feels the market is over sold. Me personally, my broker has been driving me nuts and so I've been attempting to understand ways to attempt to understand the market, in essence become a full time student of the markets.

Below are some graphs (let me know If I'm adding too many) or if they are not of any value. I tend to follow the 1hr charts to monitor the cycles as oppose to day trading.

The P&F chart of TNA shows down. P&F for TZA shows down (confusing) but the TVIX P&F shows up. Now looking at the 1 hr MACD and Elliot waves of both TNA and TZA, it looks like a turn in the market is starting to occur.

Feel free to let me know if I'm on the right track on what I'm looking at. If there are gaping holes in what I'm looking at, as stated above, my desire is to become a full time student of the markets (but to ace nearly all exams... )

Don't analyze into the specific ETFs. My suggestion is to look and T/A the hell out of SPX/RUT. Leave the betting of the ETFs to each individual.

Cheers,
Tdo722

[heavenskrow]

Bears= if you are going to show your strength, show them today.

[bullbear52]

UNG lovers, let try it once again. nice reversal here.

[tdo722]

Bears= if you are going to show your strength, show them today.

Man if you're a bear then no wonder it's not working today.

j/k

[BullTart]

Been in cash for a bit now, but opened some TVIX this morning to test the waters.

This is a very short term play and won't be holding long even if it becomes profitable as we are in JBTFD mode until proven otherwise.

If we do end up approaching 1100 on the S&P, will cover and start nibbling on long positions as per my JBTFD mantra.

Start small, then scale if the price action aligns with the plan.

[Petsamo]

Bears= if you are going to show your strength, show them today.

All they need to do today is force a close lower than the open. We owe overseas markets a rally. If we don't give them one today, we gap down tomorrow.

[heavenskrow]

I was doing analysis yesterday, and it made me very cautious as a short term bull. If bears can turn the markets, they have to turn them here.
Otherwise the bulls are going to have a lot of fuel.

[KENA]

Next active P Bar is 117.72,Will we make it .Lets see

[alvian33]

I see no p-bar

[Alpha_M]

GM Cobra,

Great website. All we need is a picture of you so that we know that you are not from Mars

Great report last night, looks like the current dip is buyable based on your analysis. Do you have an upside target? Your response will be apprecaited. Thanks.

[KENA]

I see no p-bar

One of yesterdays..Still in play

[bullbear52]

Next active P Bar is 117.72,Will we make it .Lets see

I see no sign of let down by the bulls, top is near I can smell it in the air. I am bear with no hedge since yesterday lets roll the dice shall we?

[rocstocktrader]

Stock market article: “Stock Market & Stock Trading Analysis”

http://stk.ly/qYFCaS

[cougar]

Erratum: Sorry, I mixed up some charts during uploading this morning. Here are the levels I watch on SPY 60 min:

[SB73]

Bears= if you are going to show your strength, show them today.

My perspective is that bears just need a doji close at this point. A massive reversal is unlikely today barring some newsworth event. Traditionally a doji close has kicked off a retrace at the minimum. Keep in mind that the market has rallied 11% on the S&P in 4 days a 38 - 50% retrace of that move is not uncommon taking us to the 1130 to 1150 range.

[CognitiveDissonance]

Next active P Bar is 117.72,Will we make it .Lets see

I got spooked by all the p bars yesterday, 5 in the afternoon all going to 115. Missed out on some FAS gains, oh well. I slept better

[KENA]

Next active P Bar is 117.72,Will we make it .Lets see

I see no sign of let down by the bulls, top is near I can smell it in the air. I am bear with no hedge since yesterday lets roll the dice shall we?

I hope we are both right..I do not have any protective calls for my shorts..Balls out.Lets see

[pablorynx]

I see no p-bar

One of yesterdays..Still in play

I saw no p-bars yest KENA, which source are you using? Was it the EOD p-bar?