01/10/2012 Intraday Watering

[Al_Dente]

BARON von Baron:...What is TRIN saying? Where is the dang volume flowing?...I hate that thing
http://stockcharts.com/h-sc/ui?s=$TRIN& ... listNum=15

A gap up like we have Trin should stay under 1, and the up trend on $NYUPV is positive for the bulls but since we have a gap up like today, the TRIN must stay blow 1 and $NYUPV must stay at least flat or higher than today's high for intraday tomorrow. see $NYUPV on 1 min. chart you will see what I mean.

Got it thanks
Here’s what I see 1min, not too pretty at the moment
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[BullBear52x]

Update

VIX http://99ercharts.blogspot.com/2012/01/vix_10.html

Whoa.

Yes, 99er Whoa! is the right word.

[nikman]

I did not see this report until now ("largest weekly decline in chain-store sales data going back to 1989"):

ICSC-Goldman Store Sales - Released on 1/10/2012 7:45:00 AM For wk1/7, 2012
Chain-store sales came crashing back in the January 7 week according to ICSC-Goldman's same-store sales tally which plunged 5.4 percent for the largest weekly decline in data going back to 1989. The year-on-year rate, at plus 2.8 percent, is down very sharply from 5.3 percent in the prior week. The report cites warm weather, and its negative effect on demand for seasonal goods, as the cause for the sharp fall. This week's drop follows four prior weeks of sharp gains for this index, which in December, trended higher than Redbook for the first time since mid year. Redbook is up at 8:55 a.m. ET.

Redbook - Released on 1/10/2012 8:55:00 AM For wk1/7, 2012

The January 7 week was a slow one for the retail sector judging by both ICSC-Goldman and by Redbook whose same-store sales index slowed to a year-on-year plus 3.3 percent from the prior week's 4.9 percent rate. ICSC-Goldman's rate, released earlier this morning, slowed even more severely, to plus 2.8 percent from plus 5.3 percent. Looking monthly, Redbook's early call for the January-to-December comparison is negative, at minus 1.2 percent. On Thursday, in the week's calendar highlight, the government will post retail sales data for the month of December.

[SB73]

Descending triangle for sure, but the measurement doesn't look all that big.

[millie]

99er wrote:
Update

VIX http://99ercharts.blogspot.com/2012/01/vix_10.html

Whoa.


Sorry to be numb , what is it signalling pls?

[Beljevina]

2min ES view. Perfect stop into 1285 with stopping volume and seller exhaustion. Now looking for reaction at 1287 VWAP - that 12:30EST 5M bar was the "wide ranger" loaded with sellers. They should appear again. 1H might get a doji for a post-2pm reversal, or, 1284 breaks, and 1280 should catch it for today. Things are incredibly controlled by the big boys today, so their plan and ability to dilly-dally isn't known by anyone.

[waverider]

Thanks Cougar, QID looks great, almost over the final fan and into the ellipse.

[SB73]

Descending triangle for sure, but the measurement doesn't look all that big.

Descending triangle break to the upside

[99er]

millie

VIX reversal suggested by the bullish butterfly with a Wolfe Wave target (in blue) way up near 44.

[BullBear52x]

Intraday price level may seem to be weak, but the UVOL-DVOL (uper left) and DBV (lower left) never get weaken today.

[Al_Dente]

$VIX is double topping/resisting this morning’s interim high at 20.47 (....just broke above)....And BIDU is back on my radar….

...If VIX break 20 resistance level, what would be the next target in your mind, Doc Al?

Hi Finance: History says it could go from 20 down to 16/15, but certainly not immediately, it usually needs to bounce around quite a bit…
Going back to 2008 (note orange filled bars)
http://stockcharts.com/h-sc/ui?s=$VIX&p ... listNum=15

Here’s weekly back to 1999
http://stockcharts.com/h-sc/ui?s=$VIX&p ... listNum=15

I’m waiting for her to pierce the lower bolinger band again on the daily at about 19.37, but the bears may not allow that… they may get quite vicious….
http://stockcharts.com/h-sc/ui?s=$VIX&p ... listNum=15

Thanks for asking, u made me check/double check

[BullBear52x]

intraday reversal level mid blue line bear be ware.

[cougar]

Thanks Cougar, QID looks great, almost over the final fan and into the ellipse.

Yes…but this move will have lots of hiccups …

[Cobra]

resistance. I see 2 legged rebound already, so not very good for bulls but let's wait.

[lcgllc]

cobra i think your Evil Plan is on...too early to take a bow, but start practicing

[BullBear52x]

looks like bear meant business so far, what's for Lunch?

[99er]

Update

SPX http://99ercharts.blogspot.com/2012/01/spx_1946.html

Last chart. Good luck.

[BullBear52x]

Fortune telling time, someone really into this prediction stuff pink ball rolling.......

[Cobra]

cobra i think your Evil Plan is on...too early to take a bow, but start practicing

Don't front run, unless you know what you're doing. I'm not short yet.

[TraderGirl]

$VIX is double topping/resisting this morning’s interim high at 20.47 (....just broke above)....And BIDU is back on my radar….

...If VIX break 20 resistance level, what would be the next target in your mind, Doc Al?

Hi Finance: History says it could go from 20 down to 16/15, but certainly not immediately, it usually needs to bounce around quite a bit…
Going back to 2008 (note orange filled bars)
http://stockcharts.com/h-sc/ui?s=$VIX&p ... listNum=15

Here’s weekly back to 1999
http://stockcharts.com/h-sc/ui?s=$VIX&p ... listNum=15

I’m waiting for her to pierce the lower bolinger band again on the daily at about 19.37, but the bears may not allow that… they may get quite vicious….
http://stockcharts.com/h-sc/ui?s=$VIX&p ... listNum=15

Thanks for asking, u made me check/double check

Looks like on your 2009/2010 chart, the VIX bounced slightly once hitting 20 before heading lower....