10/27/2011 Intraday Watering

[agnosia]

covered all my shorts in /es and /cl... i am long now /cl 92.60... looking to sell near 93.20 and then i will go short again. love these channels

[janez]

Any aapl shorters here? What is your target? 399.8?I got in 1 deep ITM put around 406.5. It seems weaker than the mkt.

short irwd

this one looks nice too. Thanks.

[BullBear52x]

IWM got better floor than SPY from my intraday line in the sand

[StrikePrice]

Oh I'm no sucka. I hold AAPL long (majority of my Long positions) and it's up 25% YTD. It's the market I like to short.

So my quandry is this: I too was an AAPL long, but ditched it around 405 or so, way shy of the 420 target. in the past 5 weeks, AAPL has underperformeed the SPY by more than 10%. What do you do with this? I'm bullish on the company, and their prospects, but the stock just hasn't seemed to be acting the right way?

Agree. The stock looks broken right now. But hedge funds are big holders and they put a floor under it so I would expect it may trade in a range again like it did February to June. I believe AAPl leads market so the fact that it's lagging only makes it that much more obvious the market is getting juiced by the powers that be and not running on the fundamentals and technicals. With no end in sight for the liquidity pumping we just have to accept this market reality until it changes.

[Me XMan]

Only time will tell my friend but I think you're right.

today will prove to be the best shorting opportunity ever!

[uempel]

This dynamic P&F is pointing to 1269.2 as resistance: notice the 4 red circles in June which are resistance now. Quite safe to play around with 1269 today, long if SPX goes lower, short if SPX rises higher - presume SPX will spend the night at 1269...

[Al_Dente]

Internals
NYADV still strong >2600
http://stockcharts.com/h-sc/ui?s=$NYDEC ... listNum=15

[soku]

Only time will tell my friend but I think you're right.

today will prove to be the best shorting opportunity ever!

lol in a strong trend like this, it is hard to trade either way.
i feel lucky because my boss sent me to asia, so i can catch the wave while most of you guys are sleeping.

[cougar]

I am very surprised by the low volume today…
It could be that many shorts refuse to cover and the “smart money” (which has been out of the market for quite a while) is not convinced that it’s time to buy!

[su_root]

Many long term charts show resistance around 1270, here a 60 min targeting the area:

SPX1.png

Uuh, what kind of 3D glasses do you need to read that one?

[snowinwind]

If short has not been squeezed after such a long upside move, then I feel more upside potential now.

I am very surprised by the low volume today…
It could be that many shorts refuse to cover and the “smart money” (which has been out of the market for quite a while) is not convinced that it’s time to buy!

[Roadrunner]

agnosia
what is your trend view on oil short-term? some consodiation here me thinks

[99er]

cougar: "many shorts refuse to cover"

What is Volpinacci saying today? It looks to me that we're going to have a correction here only to bounce once again for a final thrust up. That top will be the short of a lifetime.

[Cobra]

could be a small bear flag. not sure.

[janez]

Csco crazy today. buy out?
retail relatively weak today. TGT

[EvilTrader]

If short has not been squeezed after such a long upside move, then I feel more upside potential now.

I am very surprised by the low volume today…
It could be that many shorts refuse to cover and the “smart money” (which has been out of the market for quite a while) is not convinced that it’s time to buy!

You read what i wrote :

This is the largest monthly RALLY since 1987 !!


How come shorts didnt cover yet ??

[zhyuan04]

could be a small bear flag. not sure.

Hi Cobra. Was Yesterday a MAD day? Thanks.

[BullBear52x]

I am very surprised by the low volume today…
It could be that many shorts refuse to cover and the “smart money” (which has been out of the market for quite a while) is not convinced that it’s time to buy!

at this juncture, any pull back will make it more buyable at the dip, today's high will be my mark for longer term bull market. CCI (144) move over 0 first time today since August. I will have to give a bull side a respect and no problem for me to jump side.

[barbaragull]

my last added batch set the same covering price as yours, however, i started too early at too low price. The last batch shorted at 1261.75 pre-market, (it was meant to scalp )

when i do aggressive shorts i always run a 2 point stop. so if i am wrong the position won't get away from me. shorting is dangerous. be careful man

yes, you are right. i will use stop in the future.

sigh, so close to 1260, but didn't get there

[Al_Dente]

I will not obsess on any more news/rumors. I will not. It will show up in the sticks immediately. I will focus only on the green/red sticks. That’s all I need to know. I’ll stick with my sticks and my internals and my Cobra ….

Now I can obsess on metals
PAGING MICHELE and/or L_T