10/18/2011 Intraday Watering

[waverider]

aapl will gap 10-30 points higher after the close

That's a very unbelievable statement. Do you have any evidence to support it?

It's earnings dude. Expect a 5% pop after market. So around 440-445. More if they announce split/dividend..etc

Last report I think it went up about 7%-ish or so.
There is always a chance that they won't meet expectations but the bullish mood of the market would probably overlook it. I think that if the report is good, it will carry the NASDAQ up for a couple of days.

With a 100% earnings beat track record, buying today and selling (then shorting) the open tomorrow would be a low risk move.

[silicon_beaver]

aapl will gap 10-30 points higher after the close

That's a very unbelievable statement. Do you have any evidence to support it?

It's earnings dude. Expect a 5% pop after market. So around 440-445. More if they announce split/dividend..etc

Right, forgot APPL has beaten 100% of the time... Shorting tomorrow after the gap up is the typical play.

so-called, (per Cobra), firework.

[99er]

SPX
http://99ercharts.blogspot.com/2011/10/spx_5623.html

Up we go.

[silicon_beaver]

SPX
http://99ercharts.blogspot.com/2011/10/spx_5623.html

Up we go.

over 1280! woo.

[cougar]

Hi All,

I'm new and glad to join this board. Thanks Cobra for granting me the access.

For bullivers (yes, this is the word I made up, bull-believers), it is time to buy oil and gas shares again, e.g. ERX. Below are the reasons:

1. It is still relatively low comparing to tech.
2. Patterns show oil and gas are trending up heading to winter time.
3. Halliburton boosts 3Q profits by 26 pct.
4. Libya social-politics is getting better. Oil and gas companies will heading back there.
5. Most of oil and gas companies haven't released earning yet. There will be speculations when ER getting close.
...

Good luck. I am long in ERX, NOG and SPN.

Welcome GK! Thanx for telling us what you see during your “Bulliver’s Travels”.

[SB73]

I see and ascending wedge on the 15min charts...breaking down now.

[BullBear52x]

Last bulls stand on eurusd, see chart pattern on the right, on the left down trend she goes.

[silicon_beaver]

I see and ascending wedge on the 15min charts...breaking down now.

120.7 if it can hold.

[Unique]

Time to sit tight and watch the Bernanke whipsaw show...I don't wanna get f'ed over man...

[99er]

BKX
http://99ercharts.blogspot.com/2011/10/bkx_18.html

Jeez.

[buyorsell]

Bullbear52x,

Are you still tracking everyone's position here?
Here is mine again.
Sold SPY Oct 22 123 Calls
Bought QQQ 57 Calls

[stockcycle]

Wellcome GreedyKo., If your favorite taste is Oil and Energy, why don't you care XCO? Technically it has plenty room ahead (I don't owe it). I am long XIV & SWC.

[Nomorework]

Bullbear52x,

Are you still tracking everyone's position here?
Here is mine again.
Sold SPY Oct 22 123 Calls
Bought QQQ 57 Calls

If you are, I hold SDS Nov 19 20 Calls

Barely missed my target exit this morning at SPX 1190... Ouch that reversal hurt, licking my wounds until the next leg down

[waverider]

so-called, (per Cobra), firework.[/quote]

I got the information from Bespoke. Here's a chart illustrating AAPL, potentially gapping into resistance tomorrow:

[99er]

AUDJPY
http://99ercharts.blogspot.com/2011/10/audjpy_18.html

Risk on.

[tdo722]

at the high of 121.34, spy reached 61.8% price of 1st leg. so if it turns back down which is totally normal. or it could go back up to 121.53 or more and up to 122 (161.8% of 1st leg) which is also acceptable. anything more than 122 then bears are screwed.

[newbie_77]

it seems like it was a fake down to trap in more bears

[Unique]

121.5 Reached. Bears all dead if we close above this. Boom boom boom. GO GO CALLS!

[Unique]

121.5->122.. Next up baby...

[jarbo456]

hopefully this marks the 3rd and final up leg in the intraday bullish push.