10/14/2011 Intraday Watering

KENA · Post by **KENA** » Fri Oct 14, 2011 10:44 am

The Spy 1 min is forming a nice dome lets see if it pans out.

agnosia · Post by **agnosia** » Fri Oct 14, 2011 10:44 am

agnosia wrote:shorting 10 contracts of /cl at 86.50... stop 86.55

covered 86.40.. bulls look strong.

silicon_beaver · Post by **silicon_beaver** » Fri Oct 14, 2011 10:45 am

Must be a boring day before day close.
wrote FAZ covered calls today 0.6. nothing else I can do.
FAZ under 53 was a buy. but I just got a little. This market moves too quick.

EFA · Post by **EFA** » Fri Oct 14, 2011 10:46 am

BullBear52x wrote:
stocksage wrote:We are getting a little stretched to the upside but like I said months ago buy goog, aapl, and short oil and get rich! Now the oil trade is over.
Congrats! you are on the nose again. what's in the plate today?

Hello,

What would you think about VIX Nov. calls? Any idea? It seems to be at the lower BB, could it be a nice ride up from here to November?
Thanks guys

Bencat · Post by **Bencat** » Fri Oct 14, 2011 10:48 am

many traders shorted during the last 45 min.

Post by **Cobra** » Fri Oct 14, 2011 10:49 am

I saw small double bottom here, let's see if any rebound here.

99er · Post by **99er** » Fri Oct 14, 2011 10:50 am

Meanwhile...on the streets of New York...

http://www.rawstory.com/rs/2011/10/14/w ... otti-park/

"The whole world is watching."

BullBear52x · Post by **BullBear52x** » Fri Oct 14, 2011 10:52 am

EFA wrote:
BullBear52x wrote:
stocksage wrote:We are getting a little stretched to the upside but like I said months ago buy goog, aapl, and short oil and get rich! Now the oil trade is over.
Congrats! you are on the nose again. what's in the plate today?
Hello,

What would you think about VIX Nov. calls? Any idea? It seems to be at the lower BB, could it be a nice ride up from here to November?
Thanks guys

I would wait until left chart trade over the blue line (10min200ma) or green bar on the right (hourly Heikin Ashi)

SB73 · Post by **SB73** » Fri Oct 14, 2011 10:53 am

Cobra wrote:I saw small double bottom here, let's see if any rebound here.

Meanwhile Cobra sits back cool as a cucumber having cleaned up both ways on the down and up.

buyorsell · Post by **buyorsell** » Fri Oct 14, 2011 10:54 am

BullBear52x,

The market is quite strong. I think everyone moves money back in US.
I'm glad that I only sold Oct 14 calls on both SPY & IWM.
I don't have plan to add new positions so far.

agnosia · Post by **agnosia** » Fri Oct 14, 2011 10:54 am

99er wrote:Meanwhile...on the streets of New York...

http://www.rawstory.com/rs/2011/10/14/w ... otti-park/

"The whole world is watching."

i might head down to my city apt this wknd and join these guys . will be funny if i run in to ex-goldman employees i used to work with when out there

lol.

Unique · Post by **Unique** » Fri Oct 14, 2011 10:57 am

Shorting SPY till 118.5. Next week 118.5 looks almost guaranteed. Chances for SPX to 1230 and breaking are damn low.

EkOnkaar · Post by **EkOnkaar** » Fri Oct 14, 2011 10:58 am

Cobra wrote:I saw small double bottom here, let's see if any rebound here.

morphing into a bear flag..

Petsamo · Post by **Petsamo** » Fri Oct 14, 2011 10:59 am

What I'd love to see, which would energize overseas bears, is US holding our position Then once Europe closes in 30 minutes, we dump big time!

waverider · Post by **waverider** » Fri Oct 14, 2011 11:00 am

Bullbear, that would be quite exciting if the market crashes like it did in 2008. Parabolic moves in inverse ETFs, I'd go balls deep FAZ.

BullBear52x · Post by **BullBear52x** » Fri Oct 14, 2011 11:00 am

buyorsell wrote:BullBear52x,

The market is quite strong. I think everyone moves money back in US.
I'm glad that I only sold Oct 14 calls on both SPY & IWM.
I don't have plan to add new positions so far.

as long as market manage to trade above 5dma trend is up per my gauge. day trade or counter trend move is different story. right now trend is Up and buy dips. market can stay over sold longer than .........(everyone knows the last wording)

Unique · Post by **Unique** » Fri Oct 14, 2011 11:00 am

http://i.imgur.com/l2tNk.gif

SPX

jarbo456 · Post by **jarbo456** » Fri Oct 14, 2011 11:04 am

we need to see the short euro squeeze end before we have any hope for the bears. the bad news is that most bears were looking at the 1.38/3840 level for that euro reverse, but we unfortunately blasted through it this morning. the good news is that it could've been to hit some stops, and now it looks like there's a reversal doji on the EUR/USD hourly. that coincides with a hammer bottom on the /DX dollar index.

eur/usd is the conductor of this train. equity markets will follow the direction determined by the fx b/d's.

Al_Dente · Post by **Al_Dente** » Fri Oct 14, 2011 11:05 am

PAGING MR. BACHNUT…Per yr request yest.
All we are doing with the internals, is taking SPY, and lifting the kimono, just for a peek
We glance at DOLLAR very important for many reasons, let’s just remember a big one: the entire rally last 2 yrs was fueled by a very depressed dollar, so we want to see if dollar is trending down (supporting a spy rally) or trending up (supporting the bear), not as impt minute by minute, but we like to obsess….. On my internals charts I use either UUP in red (up red UUP means red bear spy), or UDN in green (up green UDN means bull spy).

We focus on $NYADV advancing stocks and $NYDEC declining stocks, as they are a pure view of how many stocks may be supporting the rally/decline. We watch for key signals, like a negative divergence/non-confirmation at a SPY high.
EG: If advancing issues are, say 2200, and spy makes higher high while advancing issues wane to 1900, that tells us that 300 stocks just dropped out of the nyadv data, and went either unchanged or negative…. just helps us see a bit of weakness developing, if stocks start dropping out of the bull party….(also, $NAADV/$NADEC tells us similar about NASDAQ)

We glance at $TICK, the most fickle of the internals, as it can get very seismic. I “filter out the noise” quite a bit, by showing it on 5 min, with an “area” view (the chunks of red and green drawn by stockcharts.com). This means if tick hit +1300 but CLOSED at +700, I will only see the +700 register on the 5 min…. just makes it a bit less hyperactive, and helps us see valuable trendlines developing sometimes.

We check $VIX for key levels and slope (generally vix up = spy down, and inverse). There is a big-brain VIX guy on this board, maybe cougar (?), watch him 4 VIX clues, not much chatter but killer charts

Will be trying to blab less and let the pure internals speak more. So on my chart updates, my thick green lines = bull, and thick red lines=bear…. SERIOUSLY, HARD CORE SIMPLE

Perhaps u noticed the weakness in spy after big fancy gap open today. Let’s just lift the kimono then
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244976875

buyorsell · Post by **buyorsell** » Fri Oct 14, 2011 11:05 am

BullBear52x wrote:
buyorsell wrote:BullBear52x,

The market is quite strong. I think everyone moves money back in US.
I'm glad that I only sold Oct 14 calls on both SPY & IWM.
I don't have plan to add new positions so far.
as long as market manage to trade above 5dma trend is up per my gauge. day trade or counter trend move is different story. right now trend is Up and buy dips. market can stay over sold longer than .........(everyone knows the last wording)

This is the area I need help from you and others. I'm lost. I don't know what kind of trader I'm now. I'm between day trader & swing trader.

However, most of my profits are from value investing.

Cobra's Market View

Back to www.cobrasmarketview.com

10/14/2011 Intraday Watering

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