01/06/2012 Intraday Watering

[johnnywa]

Corba~ it seems it will open low, close high today, what do you think?

come on, we had a gap up today. it's just 60 min, you already forgot that we had a gap up?

And which gap up r u talking about? Sarcastic

[BullBear52x]

Why when EURO down so much the pass several days and stock is not going down at all? Anybody know why?

See DBV, we are just now give the sell on DBV. VIX need to pick up some speed here for bears.

I think EURUSD and SPX negativ correlation is a ongoing bubble and I suspect that hedge funds are blowing it. Selling EURO and buying SPX. I noticed several minute bars when SPX was straight up EURUSD straight down. Since USD strengthening and equity strengthening at the same time is an eco nonsence, the tension will break the trend of one or the other. This is a gradual overvaluation of equities even if the nominal prices remain the same.

There is rotation from emerging market to US market in a big way for sure. more liquidity here is better for us traders. we are now in sideways so it's hard to predict, I am favor strong dollar.

[rer]

I am shorting SSO here. very comfortable. now on my daytrade account evil side on EDC, FAS, TNA, SSO. let see how my day will end

Thanks for your comments and Good Luck...RER

[noob]

Corba~ it seems it will open low, close high today, what do you think?

come on, we had a gap up today. it's just 60 min, you already forgot that we had a gap up?

Cobra, based on the open on SPX we had gap down today, based on es it's a gap up.

[FinancePhD]

good place to buy crude with a tight stop for a week or so trade. add more on a higher high above 103.74.

I had position on OIL from $99 level. Will hold them till the end of Jan. Target set between 103.5 - 104.5

[stucap]

Why when EURO down so much the pass several days and stock is not going down at all? Anybody know why?

equity = dumb money. at some point, things will correct.

Dude, don't let big money cheat on you. The mainstream writers arguing bond market are smarter than equity market are just releasing smokes, when smart money are absorbing cheap chips.

Let me point some evidences for you:

1. Bunch of big sharks are accumulating MBS from Dec, 2011;

2. After shaking down some undetermined players, GOLD started to climb again;

3. The rally of BAC up to $6.35 yesterday and maintained $6.22 so far told us most chips between $5-$6 are already absorbed by big moneys.

a) I am big money (shhhh!)

b) MBS = Bill Gross --- read his notes on Pimco Total Return (tons of value here to those who can do the research)

c) Gold = Hedge funds offsetting metals gains against other losses to end the year (started ticking down everyone thinks i better do it now....)

d) BAC = banks are very cheap and after 2011 sector performance, why not take a chance?

e) You didn't provide any evidence as to why the Eur/Usd is decoupling?

[HappyFriday]

Big rally is coming ...
Happy Friday

[dr659]

Corba~ it seems it will open low, close high today, what do you think?

come on, we had a gap up today. it's just 60 min, you already forgot that we had a gap up?

Cobra, based on the open on SPX we had gap down today, based on es it's a gap up.

What I see is we had a small gap up

[Cobra]

Corba~ it seems it will open low, close high today, what do you think?

come on, we had a gap up today. it's just 60 min, you already forgot that we had a gap up?

Cobra, based on the open on SPX we had gap down today, based on es it's a gap up.

The SPX open price is always wrong. this is due to NYSE tech reason. And this is why I use SPY instead of SPX. This is known issue for many many years. If you want to use candlestick chart don't use SPX, use SPY instead.

[FinancePhD]

Why when EURO down so much the pass several days and stock is not going down at all? Anybody know why?

equity = dumb money. at some point, things will correct.

Dude, don't let big money cheat on you. The mainstream writers arguing bond market are smarter than equity market are just releasing smokes, when smart money are absorbing cheap chips.

Let me point some evidences for you:

1. Bunch of big sharks are accumulating MBS from Dec, 2011;

2. After shaking down some undetermined players, GOLD started to climb again;

3. The rally of BAC up to $6.35 yesterday and maintained $6.22 so far told us most chips between $5-$6 are already absorbed by big moneys.

a) I am big money (shhhh!)

b) MBS = Bill Gross --- read his notes on Pimco Total Return (tons of value here to those who can do the research)

c) Gold = Hedge funds offsetting metals gains against other losses to end the year (started ticking down everyone thinks i better do it now....)

d) BAC = banks are very cheap and after 2011 sector performance, why not take a chance?

e) You didn't provide any evidence as to why the Eur/Usd is decoupling?

QE3 would increase monetary base in US. And US equity price is highly correlated with the monetary base. Comparing with the liquidity effect, contagion effects from Europe is really marginal. At least, we see dual speed world several time before (Japan and US in the late 90s). For this reason, the decoupling is not hard to understand, right?

[Al_Dente]

Europe
http://stockcharts.com/h-sc/ui?s=EWG&p= ... =252930266

[waverider]

AUD/JPY looks kinda trapped.

[lqiantobe]

resistance. I still don't believe for the 3rd time we have sharp intraday reversal.

are you sure...it seems it comes again

[Al_Dente]

STUCAP
Do u have a link to Bill’s notes from total return fund?
Thanks in advance

[Cobra]

resistance. I still don't believe for the 3rd time we have sharp intraday reversal.

are you sure...it seems it comes again

viewtopic.php?f=2&t=417&p=54658#p54646

[mac769]

Why when EURO down so much the pass several days and stock is not going down at all? Anybody know why?

equity = dumb money. at some point, things will correct.

Dude, don't let big money cheat on you. The mainstream writers arguing bond market are smarter than equity market are just releasing smokes, when smart money are absorbing cheap chips.

Let me point some evidences for you:

1. Bunch of big sharks are accumulating MBS from Dec, 2011;

2. After shaking down some undetermined players, GOLD started to climb again;

3. The rally of BAC up to $6.35 yesterday and maintained $6.22 so far told us most chips between $5-$6 are already absorbed by big moneys.

QE3 will probably buy MBS, so this is why BAC is rallying, they can sell their junk to the FED and get rid of it

[SB73]

I see a lot of reasons to short other than price. Price and I emphasize price keeps me from shorting this bad boy other than my morning scalp. Unless we break below today's low nothing will change for me.

Ignoring the fundamental jibberish
1- Bearish sentiment too low
2- Reversal of a reversal of a reversal of a reversal.....
3- Bearish seasonality today and Monday
4- Divergences on the hourly charts
5- Strong dollar
6- SPY decoupling from world indicies

Based on the last 10 years it looks like a relatively flat close similar to yesterday with a minor gap up on Monday.

[laoguo]

EURO fund had 3 consecutive gap down in a row; anyone suggests at least a bounce?

BTW, it hits lower BB and outside of it, too.

[jonerica]

Time & Spiral forecast for 2012, written 1st Jan.

Basically, it projects a bullish 2012 with the dreaded crash coming only later. Not in 2012 which many seem to believe.

http://timeandspiral.wordpress.com/2012 ... y-of-2012/

[jarbo456]

EURO fund had 3 consecutive gap down in a row; anyone suggests at least a bounce?

BTW, it hits lower BB and outside of it, too.

moderate BB crash trade will be in effect if it can close below the band. buy at close and wait for the bounce...

not for me...but that seems the best setup for this trade.