12/29/2011 Intraday Watering

[tdo722]

all this contraction is building up for a breakout to the north or south is yet to be known but for sure there will be a breakout.

[99er]

Banks

Here's a little overview of the year-to-date performance of some of the major global banking stocks on December 29, 2011, before the opening bell:

BofA: -60.38%
Citi: -44.76%
Goldman Sachs: -46.41%
JPMorgan: -23.03%
Morgan Stanley: -45.24%
RBS: -50%
Barclays: -34.32%
Lloyds: -63.02%
UBS: -29.33%
Deutsche Bank: -28,55%
Crédit Agricole: -56.04%
BNP Paribas: -37.67%
Société Générale: -59.57%

These are just some of the Too Big To Fail institutions. And while your governments have enough faith in them - or so they want you to believe - to prop them up with trillions of dollars of your money, investors are fleeing them, even if they can expect them to be propped up further.

Read more: http://theautomaticearth.blogspot.com/2 ... z1hxCADWp7

[Al_Dente]

one minute volume spike

[BullBear52x]

see my right chart, that's resistance, if I have ball like the squirrel I will short more here.

[dcurban1]

Banks

Here's a little overview of the year-to-date performance of some of the major global banking stocks on December 29, 2011, before the opening bell:

BofA: -60.38%
Citi: -44.76%
Goldman Sachs: -46.41%
JPMorgan: -23.03%
Morgan Stanley: -45.24%
RBS: -50%
Barclays: -34.32%
Lloyds: -63.02%
UBS: -29.33%
Deutsche Bank: -28,55%
Crédit Agricole: -56.04%
BNP Paribas: -37.67%
Société Générale: -59.57%

These are just some of the Too Big To Fail institutions. And while your governments have enough faith in them - or so they want you to believe - to prop them up with trillions of dollars of your money, investors are fleeing them, even if they can expect them to be propped up further.

Read more: http://theautomaticearth.blogspot.com/2 ... z1hxCADWp7

I love this. For me a proxy on the overall market has been the stock prices of Citibank and Bank of America.

You cannot have a strong economy without a functioning banking system.

[Al_Dente]

see my right chart, that's resistance, if I have ball like the squirrel I will short more here.

Or as Cobra so eloquently put it last night: “ball or no ball” ….I LOVED that one

http://www.youtube.com/watch?v=Q9G0-4TWwew

[Me XMan]

Nice read. Thanks.

Banks

Here's a little overview of the year-to-date performance of some of the major global banking stocks on December 29, 2011, before the opening bell:

BofA: -60.38%
Citi: -44.76%
Goldman Sachs: -46.41%
JPMorgan: -23.03%
Morgan Stanley: -45.24%
RBS: -50%
Barclays: -34.32%
Lloyds: -63.02%
UBS: -29.33%
Deutsche Bank: -28,55%
Crédit Agricole: -56.04%
BNP Paribas: -37.67%
Société Générale: -59.57%

These are just some of the Too Big To Fail institutions. And while your governments have enough faith in them - or so they want you to believe - to prop them up with trillions of dollars of your money, investors are fleeing them, even if they can expect them to be propped up further.

Read more: http://theautomaticearth.blogspot.com/2 ... z1hxCADWp7

[jarbo456]

Banks

Here's a little overview of the year-to-date performance of some of the major global banking stocks on December 29, 2011, before the opening bell:

BofA: -60.38%
Citi: -44.76%
Goldman Sachs: -46.41%
JPMorgan: -23.03%
Morgan Stanley: -45.24%
RBS: -50%
Barclays: -34.32%
Lloyds: -63.02%
UBS: -29.33%
Deutsche Bank: -28,55%
Crédit Agricole: -56.04%
BNP Paribas: -37.67%
Société Générale: -59.57%

These are just some of the Too Big To Fail institutions. And while your governments have enough faith in them - or so they want you to believe - to prop them up with trillions of dollars of your money, investors are fleeing them, even if they can expect them to be propped up further.

Read more: http://theautomaticearth.blogspot.com/2 ... z1hxCADWp7

Shopping list 2012...or not????

LOL

Good stuff man.

[Me XMan]

Are you suggesting my squirrel to short more

see my right chart, that's resistance, if I have ball like the squirrel I will short more here.

[tdo722]

see my right chart, that's resistance, if I have ball like the squirrel I will short more here.

both /es and spy been hanging out at resistance all day (july-oct-november-december decline trend line). If it breaks this then it is free to retest 1269 and possibly make a new high.

[CognitiveDissonance]

Banks

Here's a little overview of the year-to-date performance of some of the major global banking stocks on December 29, 2011, before the opening bell:

BofA: -60.38%
Citi: -44.76%
Goldman Sachs: -46.41%
JPMorgan: -23.03%
Morgan Stanley: -45.24%
RBS: -50%
Barclays: -34.32%
Lloyds: -63.02%
UBS: -29.33%
Deutsche Bank: -28,55%
Crédit Agricole: -56.04%
BNP Paribas: -37.67%
Société Générale: -59.57%

These are just some of the Too Big To Fail institutions. And while your governments have enough faith in them - or so they want you to believe - to prop them up with trillions of dollars of your money, investors are fleeing them, even if they can expect them to be propped up further.

Read more: http://theautomaticearth.blogspot.com/2 ... z1hxCADWp7

totally agree with you, the politicos are spending away the future

[hemlock21]

I also see thr triangle.

A little longer term, many indicaters are pointing to the credit crisis coming to fruition. Europena 10 yr yields all rising, Italy's above 7%, TED spread is making new highs daily and the Libor is rising as well.

[BullBear52x]

Are you suggesting my squirrel to short more

see my right chart, that's resistance, if I have ball like the squirrel I will short more here.

I can't stop laughing every time I see your avatar

[silicon_beaver]

still looks like an ascending triangle to me.

Cobra: did i miss breakout?

no valid breakout yet.

This is what the 3rd 4th try today? does the resistence get weaker each try or does the try get weaker each time ( or something like that )

resistance gets weaker and weaker on each try because every time a potential sellers are in therefore less and less sellers.

Meanwhile, bull spends more and more energy, eventually no any more money flow to buy, isn't it? So it is also not a good sign to bull.

[waverider]

Meanwhile, bull spends more and more energy, eventually no any more money flow to buy, isn't it? So it is also not a good sign to bull.[/quote]

This pattern isn't bearish, higher lows and moderately higher/flat highs. If this breaks to the upside, probably a lot of bulls will cover.

[Al_Dente]

anyone notice the SPY high lasted all of one minute, not exactly what Cobra would call a “decisive breakout” yet
nyadv remains bull at >2200 not giving up much, as other indicators weaken
note the gappy gappy gappy TICK already
All it will take is some final-hour bear-short-covering here….or not
1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

http://www.youtube.com/watch?v=_No4g5ZULI8

[Cobra]

Meanwhile, bull spends more and more energy, eventually no any more money flow to buy, isn't it? So it is also not a good sign to bull.

you should read the Ascending Triangle then you won't say that. The key is the low gets higher and higher indicating that bulls are getting more and more anxious. That said, like every chart pattern, there're some cases the ascending triangle does breakout on the downside. but again the point is the lower gets higher and higher.

[knock]

Meanwhile, bull spends more and more energy, eventually no any more money flow to buy, isn't it? So it is also not a good sign to bull.

This pattern isn't bearish, higher lows and moderately higher/flat highs. If this breaks to the upside, probably a lot of bulls will cover.

EURUSD seems to break the tiny triangle, and now in range of the bigger symmetric triangle.

[tdo722]

buy stop 126.10, sell stop 125.70.

[dr659]

Are you suggesting my squirrel to short more

see my right chart, that's resistance, if I have ball like the squirrel I will short more here.

That squirrel needs some shorts, But they might not be long enough.