10/12/2011 Intraday Watering

[agnosia]

This is why I just shorted Russell around 698 because the weekly 20 EMA in a clear down slope and if the market will go down from here, then Russell will the fastest and the weakest at that time. This position is in futures and I am planing to hold overnight

you my friend are crazy and courageous. sometimes the hardest trades are the most profitable. good luck

[uempel]

Found this cycle and put in a 60 min grid - which is showing resistance close by.

[Al_Dente]

Chart of 2 Day RSI.

translate 4 newbies and 4 me

For some reason, the chart posted with a scroll bar on the side. Scroll down to see the RSI. Okay Al, the RSI is the Relative Strength Index. When it's above 90, it's overbought, meaining, a pullback is highly possible. Does that help?

I know you knew all that, I just couldn't resist. You can see the previous peaks and lows. It's a pretty reliable indicator. However, don't anyone go jumping on the short bus, yet. There are a lot of shorts that are fueling this move up, and the market can stay overbought during short squeezes. It's good to keep an eye on it.

Hate ob that drag on endlessly
Remember some wise old quote, something about can remain ob longer than we remain solvent (butchered that one?)
Nyadv says this is pullback, not crash yet…. all we can do is watch data

[jarbo456]

paging al_dente...

There’s no perfect real time muni yield tracker. MMD, which is the AAA benchmark muni scale, is published once a day. It consists of literally some dude at Thomson Reuters that calls up six broker dealers and asks them what their bid ask is on a basked of natural AAA names. That’s it. MMD stays flat during one week of august when this “Dude” goes on vacation. Really.
For intraday color, the muni market uses random “reads” put out there by different B/D, but these aren’t “official”. So what yer left with for “real time” is muni mutual funds, like an MHN, MUB, NVG, etc etc etc. Generally, over the long term, I think those funds are decent at tracking, but not in the short (intra day). There are plenty of days when MHN is up and the muni market is down, vice/versa… Some would venture to say the MCDX is trying to play this role, but I simply laugh. If yer interested in short term rates, SIFMA will help, but that won’t help you on the long end…..welcome to munis…

[BullBear52x]

OK lets the number roll

[buyorsell]

transportation is especially weak today.

YA.and I am to.HA

I got spank from TZA another 5% today too, the other day I spanked them with TNA hedge thought I was genius after running it up from 27ish. patience what goes up must come down, the funny hair dude once said.

Because of you, I didn't short IWM. I'm still patiently waiting for another entry for either long or short.

[nimodo]

and lumber says economic rebound ahead, per McClellan

http://www.businessinsider.com/lumber-c ... nd-2011-10

Do you believe him? He's saying housing will recover from here...

It's something to keep an eye on-someone is buying up the futures

[Dow Trader]

This is why I just shorted Russell around 698 because the weekly 20 EMA in a clear down slope and if the market will go down from here, then Russell will the fastest and the weakest at that time. This position is in futures and I am planing to hold overnight

you my friend are crazy and courageous. sometimes the hardest trades are the most profitable. good luck

thanks .. don't worry, I take positiosns based on a plan with full of rules and I just trade futures.

[BullBear52x]

transportation is especially weak today.

YA.and I am to.HA

I got spank from TZA another 5% today too, the other day I spanked them with TNA hedge thought I was genius after running it up from 27ish. patience what goes up must come down, the funny hair dude once said.

Because of you, I didn't short IWM. I'm still patiently waiting for another entry for either long or short.

are you using me as contrarian indicator?

[agnosia]

thanks .. don't worry, I take positiosns based on a plan with full of rules and I just trade futures.

yes i am sure you know what you're doing if you've been around for as long as you say you have what is your stop btw?

[jarbo456]

for you holding shorts...like me...i'm looking for some help from the bernanke at 2:15pm...

some sort of wording like..."the economy sucks...expect job losses...the eurozone is going down...chinese banks, like china, are over stating everything about their financials/economy...and we, the faithful money printers, will be doing NOTHING about it..."

or...

neutral language with which some of these guys can start cashing in their profits on.

[gabor]

Found this cycle and put in a 60 min grid - which is showing resistance close by.

SPX22.png

Uempel, you found the moon cycle!

[737controller]

for you holding shorts...like me...i'm looking for some help from the bernanke at 2:15pm...

some sort of wording like..."the economy sucks...expect job losses...the eurozone is going down...chinese banks, like china, are over stating everything about their financials/economy...and we, the faithful money printers, will be doing NOTHING about it..."

or...

neutral language with which some of these guys can start cashing in their profits on.

I am doing the same...figure my biggest loss for the day was earlier at 121.50 spy so anything below that later on is better loss. hopefully Big B burns the house down today/.

[uempel]

Guys, careful with short positions, I see more and more medium term indicators switching to green, e.g. RSI 200 on the daily. Of course it could be a trap - but I don't think so

[Al_Dente]

paging al_dente...

There’s no perfect real time muni yield tracker. MMD, which is the AAA benchmark muni scale, is published once a day. It consists of literally some dude at Thomson Reuters that calls up six broker dealers and asks them what their bid ask is on a basked of natural AAA names. That’s it. MMD stays flat during one week of august when this “Dude” goes on vacation. Really.
For intraday color, the muni market uses random “reads” put out there by different B/D, but these aren’t “official”. So what yer left with for “real time” is muni mutual funds, like an MHN, MUB, NVG, etc etc etc. Generally, over the long term, I think those funds are decent at tracking, but not in the short (intra day). There are plenty of days when MHN is up and the muni market is down, vice/versa… Some would venture to say the MCDX is trying to play this role, but I simply laugh. If yer interested in short term rates, SIFMA will help, but that won’t help you on the long end…..welcome to munis…

unreal, thanks
meredith whitney been calling 4 muni crash 4 long time… where did she go… used to be frequent bobble-head on biz channels…
She called last turn

[jarbo456]

paging al_dente...

There’s no perfect real time muni yield tracker. MMD, which is the AAA benchmark muni scale, is published once a day. It consists of literally some dude at Thomson Reuters that calls up six broker dealers and asks them what their bid ask is on a basked of natural AAA names. That’s it. MMD stays flat during one week of august when this “Dude” goes on vacation. Really.
For intraday color, the muni market uses random “reads” put out there by different B/D, but these aren’t “official”. So what yer left with for “real time” is muni mutual funds, like an MHN, MUB, NVG, etc etc etc. Generally, over the long term, I think those funds are decent at tracking, but not in the short (intra day). There are plenty of days when MHN is up and the muni market is down, vice/versa… Some would venture to say the MCDX is trying to play this role, but I simply laugh. If yer interested in short term rates, SIFMA will help, but that won’t help you on the long end…..welcome to munis…

unreal, thanks
meredith whitney been calling 4 muni crash 4 long time… where did she go… used to be frequent bobble-head on biz channels…
She called last turn

she's not my favorite.

[Dow Trader]

thanks .. don't worry, I take positiosns based on a plan with full of rules and I just trade futures.

yes i am sure you know what you're doing if you've been around for as long as you say you have what is your stop btw?

it is a weekly close above the cloude with higher high, which is too early, with that been said, you have to have much oxygen in the store so that market makers can't over power your strategy... It is long term postion ( I have been around in 2000 decline and 08 crash so this is not something new even if 1074 is the bottom, still it is a good deal for me in my long term account ). And if 1074 was not the bottom, then they have to shake the weak hands first before any decline as you know.
but the day trade account and swing account, the strategy not same for sure.

[BullBear52x]

Guys, careful with short positions, I see more and more medium term indicators switching to green, e.g. RSI 200 on the daily. Of course it could be a trap - but I don't think so

Thanks, the only thing we miss is the last run up, I don't see bears who sell at 119 (yesterday) will lose money this cycle.

[BullBear52x]

$TICK and $TICKQ say sell sell sell, $VIX says 31 is what will make this sell possible for the bears.

[nimodo]

I introduced some stocks 2 days ago and I made $1400 on AONE (Hope someone here can make better). For now please pay your attention to SPN. I think it's buy moment.

Stockcycle, wish I'd followed you on your previous recommendations.
As to SPN, I see that Raymond JAmes upgraded it to Strong Buy, and there has been some insider buying, but there is some concern about their merger with CPX (http://www.fool.com/investing/general/2 ... to-kn.aspx)

Are you looking at TA or FA, or some combination?