11/14/2011 Intraday Watering

[dcurban1]

Buffet said on CNBC that he owns 5.5% of IBM so that is giving some pop to the Dow right now.

[Cobra]

not a very good start

[soku]

lol i am glad lots of people are now paying attention to eur/usd and the correlation. here is my view from early today.


We know EUR has good positive correlation with equity. The correlation was very high since summer, because the crisis is from Euro-Zone anyway. Why EUR is not as bullish as US Equity? In the chart, I showed my zone to short in oval, but EUR hadn’t made there yet. In other words, EUR had not recover from the loss from 11/9 yet, while SPX made over 1.5% gain if considering the overnight trading just happening now.

[Al_Dente]

Good Morning.
Gee honey...who's going to save the world?
http://99ercharts.blogspot.com/2011/11/who.html
Who?

[joeynickels]

what is a gold inverse etf ? Dont want any ultrashort etf. I cannot short GLD in my IRA.

DGZ

[Cobra]

so far only SPY sold hard, so might not be the real bear.

[ocassional observer]

for anyone interested in economic predictions:
http://stats.oecd.org/mei/bcc/default.html
the oecd bussiness cycle visualization. notice the leading index is almost contracting while industrial production seems improved. this is exactly the kind of behaviour that leads to the "wyle e. coyote" market we're seeing. the recession in europe is a fact and the us is on the verge.

[soku]

gs saying long commodity. i am not sure about copper oil, but i believe gold will go to 2000
http://www.zerohedge.com/news/goldman-stay-long-gold

[Cobra]

this kind of strong push down should be at least 2 legged. But i know most of you don't believe 2 bear leg anymore, so let's wait.

[dcurban1]

I am still waiting for this bear leg to start. Frustrating waiting for the market to do what needs to be done.

[agnosia]

if we don't get a strong close below weekly /es pivot of 1251.75... not buying this downturn. i went long the pivot price for now.

[jarbo456]

this kind of strong push down should be at least 2 legged. But i know most of you don't believe 2 bear leg anymore, so let's wait.

oh sweet lord master cobra!!!!! you just rung the death knell for the bears now...LOL

covering.

[silkway]

Anyone got p-bar at 127.45?

[alvian33]

i see the p-bar but i think the once before the market open does not count, not sure though

[Roadrunner]

Good morning,
Here is a study of the Euro and it's relationship to SPX over the past 4 months. Today, the Euro has fallen back into a channel that it started to break out of on Friday.

Great chart .. TY

[agnosia]

if we don't get a strong close below weekly /es pivot of 1251.75... not buying this downturn. i went long the pivot price for now.

same with crude. weekly pivot 97.21. i went long 97.31, stop 97.20

[Al_Dente]

Internals http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

Also, just a quick glance at how our “compression” of the bolinger on Friday’s VIX played out. That 5m vix crimp usually works, sometimes preceding a monster gap, sometimes small gap like today.
http://stockcharts.com/h-sc/ui?s=$VIX&p ... listNum=15

PAGING dcurban, thanks for AAII survey bullish, please clarify, once sheep reply bull, they’re already in no? But 44% is still small bull, no?
And AAII sentiment has spotty record of calling turns, no?
PS: that dovetails with our stock/bond ratio buy signal and a few other things that imply sheep and MFs may be long/starting to get long…

[Petsamo]

The Supreme Court of Kangaroos is gonna hear arguments on Obamacare in March 2012.

[Mr. BachNut]

Small pilot short position on from Friday. Probably will do nothing today.
Signals are mixed. So, don't have much conviction on market direction for now.
Guessing that things churn and coil into Opex and that trend will clarify next week. Anything possible though.
Think next week will be interesting with super deficit committee news and black friday retail news.

[soku]

cobra, i found this chart from yr blog roll. he is very bullish. how well do u know him? how is his tracking record?

http://pugsma.files.wordpress.com/2011/ ... -4-111.jpg