10/25/2011 Intraday Watering

[waverider]

There was an interesting article on ZH last night mentioning the large move up in HYG relative to $SPX is suggestive of hedging by the big traders... Risk off.

Hi Wavy: pls explain…. In my book (dailies) rally in corporates LQD and junk rally HYG/JNK is risk-on

Hey Al Dente, here's the article:

http://www.zerohedge.com/news/high-yiel ... llqiuidity

"HYG outperformed SPY dramatically (suggesting forced covering or unwinds as opposed to rotation)"

And here's a chart showing the mid-day pop in HYG vs flat SPY:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... =246952678

[agnosia]

crude holding that critical 93.30 level in the face of shitty consumer confidence and weak equities. this means it wants to go higher. i have a sell stop below 93.10. i am long 93.30, stop 93.20

[1der]

ES triangle has failed

[pady]

Shorted at 125.6 yesterday. First Target: 123.2, Second target: 122.27.

Wow nice profit man, take 50% off the table and set it to hod stop loss would be great right now.

I agree. But I am waiting for 123.2 - i am a little stubborn with EW. c=0.62*A target is 123.2.

[tdo722]

crude holding that critical 93.30 level in the face of shitty consumer confidence and weak equities. this means it wants to go higher. i have a sell stop below 93.10. i am long 93.30, stop 93.20

U should buy some puts on /si. stop at 33.10 is good.

Freaking the chart looks eerily similar to what spx has gone through the last 3 months, except the fact that the "1074" for /si has not happened yet.

[barbaragull]

bear flag number 2? long 1233, stop 1232.

Stopped out yet?

[agnosia]

i moved my /es stop down to 1229.75, looks like a small double bottom ? i added to my position and am long at 1232.

[agnosia]

bear flag number 2? long 1233, stop 1232.

Stopped out yet?

nope i added and moved my stop down.

[barbaragull]

bear flag number 2? long 1233, stop 1232.

Stopped out yet?

nope i added and moved my stop down.

[uempel]

Update:

[GreedyKojiro]

Closed TVIX. Closed TZA. Loaded TNA...

[agnosia]

crude holding that critical 93.30 level in the face of shitty consumer confidence and weak equities. this means it wants to go higher. i have a sell stop below 93.10. i am long 93.30, stop 93.20

U should buy some puts on /si. stop at 33.10 is good.

Freaking the chart looks eerily similar to what spx has gone through the last 3 months, except the fact that the "1074" for /si has not happened yet.

i am not smart enough to trade options lol. i do not like the decaying factor and how vix is easily manipulated to help the brokers. i concentrate all my efforts on /cl and /es - spend a few hours a day with preparing for the next day. i can't handle any more markets.

good luck though.

[Roadrunner]

crude holding that critical 93.30 level in the face of shitty consumer confidence and weak equities. this means it wants to go higher. i have a sell stop below 93.10. i am long 93.30, stop 93.20

in comparison, DX is slightly higher than yesterday (with CL near 90.). I would think that this is somewhat of a divergence. To me CL is looking range bound, unless DX moves

[agnosia]

bear flag number 2? long 1233, stop 1232.

Stopped out yet?

nope i added and moved my stop down.

lol. i rarely rarely do this.... but as we all know patterns evolve and i saw the double bottom at the last minute. this is very very very very bad practice so i rarely do it. sorry if anyone followed me on that one ...

[heavenskrow]

Guys I think there may be more from here. The evil indexes have all signaled near strong support and its no coincidence markets are down today...

[barbaragull]

bear flag number 2? long 1233, stop 1232.

Stopped out yet?

nope i added and moved my stop down.

lol. i rarely rarely do this.... but as we all know patterns evolve and i saw the double bottom at the last minute. this is very very very very bad practice so i rarely do it. sorry if anyone followed me on that one ...

no problem, i do this all the time

[stocksage]

ES shorts taken yesterday are going to be very profitable. I took a 10k profit on half, letting the other half ride.

how big is your contract if you don't mind me asking.

I had 22 contracts now have 10 left. Got 18 points on 12 contracts, now will let the 10 i have left go for a bigger score.

[Al_Dente]

PAGING L_T
The FCX point is …. WE’RE STILL WORKING ON THE DANG POINT…. what platform r u on?
After the correlation party I thought, maybe not so accurate, as EVERYTHING correlates these days, so, abandoned corr, and went to PERFORMANCE overlay charts on daily, then stretched out to weekly, then back to intraday 15 min, to see whom/what we could trust…. did u do any of those?….what did u see?
Can u bring something to the party? Otherwise I gotta wait for my FCX party-girlfriend Michelle
Am sure you are fine and handsome man…. but still…. u just a dude…just joking gotta run 4 today

[tdo722]

crude holding that critical 93.30 level in the face of shitty consumer confidence and weak equities. this means it wants to go higher. i have a sell stop below 93.10. i am long 93.30, stop 93.20

U should buy some puts on /si. stop at 33.10 is good.

Freaking the chart looks eerily similar to what spx has gone through the last 3 months, except the fact that the "1074" for /si has not happened yet.

i am not smart enough to trade options lol. i do not like the decaying factor and how vix is easily manipulated to help the brokers. i concentrate all my efforts on /cl and /es - spend a few hours a day with preparing for the next day. i can't handle any more markets.

good luck though.

So you buy future contracts for /es based on 10/20ema with a tight stop loss. what's your stop loss or trailing strategy if you don't mind me asking? thanks.

[agnosia]

crude holding that critical 93.30 level in the face of shitty consumer confidence and weak equities. this means it wants to go higher. i have a sell stop below 93.10. i am long 93.30, stop 93.20

in comparison, DX is slightly higher than yesterday (with CL near 90.). I would think that this is somewhat of a divergence. To me CL is looking range bound, unless DX moves

yep possible. correlation with the dollar is high but if there are a huge amount of traders unwinding the spread it will break down for a while.