01/26/2012 Intraday Watering

[BullBear52x]

Good morn Cobra, author of another brilliant overnight report…. and gm boardies:

“Amazon setting up first ‘fulfillment center’ in India”
http://www.reuters.com/article/2012/01/ ... 4Z20120120


“David Einhorn, one of the world's highest profile hedge fund managers, and his firm, Greenlight Capital, have been fined 7.2 million pounds ($11.22 million) by UK regulators for trading before a 2009 equity fundraising …“
Financial Times - Jan 26…..9:03 pm ET 01/25/2012 - Reuters http://link.reuters.com/pyd36s

don't say that. the signals simply don't work, I don't know if this kind of situation goes on, what I should do to my report.

Counter trend is not work, everything else is you see they try to move FAS up to 83 to take my stop 200 stinking shares, but I cancelled before it hit 83, just to piss the MM off.

[johnnywa]

aapl just bounced now going for 52 week high

[SB73]

don't forget ChiOsc.

Can you imagine teh beatdown the bears would have taken on a gap if the metrics were inverse. Small counter trade opened for gap fade.

Already closed POS counter trade position at BE. Bulls still too strong.

[soku]

fight around 1325. i believe today is the short the pop day. waiting patiently for my entry

[johnnywa]

12876 next resistance look for 2% retrace max then 1376 SnP

[Me XMan]

Little got another at $133.20 stop-loss 133.55

Little bear opened short position $133.05 in early hours.

[Richarab]

Apparently should have held those gold futures a little longer - not quite kicking myself but just saying ....


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I am here: http://maps.google.com/maps?ll=29.932374,-95.360073

[BullTart]

Still watching the PosD on the VIX... we are just about to touch the ascending line on the RSI, so key time is approaching here.

If we make a lower low on the VIX, and at the same time break through the ascending RSI and also make a lower low on the RSI, then it will be time to close positions and wait for a better setup.

IMO, we will bounce of the RSI ascending line and keep the PosD intact, and continue to build even more energy for the eventual resolution.

We have now just touched the ascending RSI line now.

This is could be the it RIGHT HERE folks! Let's see!!!

[jarbo456]

VIX just ticked off an additional 5%, and then came right back.

odd, odd moves in VIX. machines at work?

[SWalsh]

HFT/Algos have been busy:



I saw stats last week from the WSJ on short covering fueling this rally but I think one needs a subscription.

Anyone have that data they provide in a column showing that what is being covered (SPY was the top short cover then) and the new longs?

Thanks in advance

[Al_Dente]

1min
New low vix (double check it)
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[KENA]

I know there has been a lot of discussions on the BDI.I looked back at the 2008 charts and it dropped big time from July to Dec from all time hi to low of 663. All the media verbage was the the same as we are hearing now but you know what happened.Is it going to repete??Sometimes we don"t want to be to hastey in saying these charts are no longer valid.But as always we have to wait and see.

[keesa]

SPY 133.5 - 134.7 is a perfect area for short to setup positions.

[SWalsh]

GLD will meet the green ellipse soon.

There is a very similar "egg" like that for the SPX going back to before 2000 and we are banging against it now.

It's called "Egg of Doom" at steveo's site Hawaii Trading. He has a few comments a day so it's not like I'm sending people there and I don't have permission to post it. I know he works a day job and is probably still asleep 5 hours behind us.

[ClarkW]

Great trade Richarab! that trendline and 150 dma proved to be nothing yesterday. JUMPED right over them. Good work

Apparently should have held those gold futures a little longer - not quite kicking myself but just saying ....


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I am here: http://maps.google.com/maps?ll=29.932374,-95.360073

[L_T]

PAGING COPPER and FCX

“Freeport Indonesia loads two ships at Papua port”
7:05 am ET 01/26/2012 – Reuters…Timika, Indonesia
FCX “is loading two ships at its Indonesian port, sources said … in a fresh sign that work at the world's second largest copper mine is returning to normal after a three-month strike. The two ships, with a capacity of 66,000 tonnes, were destined for India and Japan, but their contents and exact volume were unknown…[FCX]… has had a force majeure in place since last October on some concentrate exports from its huge Grasberg copper and gold mine in Papua, after workers went on strike for better pay. The strike ended on Dec. 14 with a deal over a pay increase, allowing workers to gradually return to work, but the force majeure has yet to be officially lifted.….”

[note FCX gap in pre-mkt, and copper futures up…]

Totally missed the boat on that one Al. I was holding FCX through quite a bit of pain but ended up calling it quits thinking it was more likely to go down before up. Obviously I was wrong. I should of know it was only a matter of time.

I'll be waiting for a pullback under $40 to buy again if we ever get that market correction that everyone and their brother have been watching for.

[Al_Dente]

HFT/Algos have been busy:...Anyone have that data they provide in a column showing that what is being covered (SPY was the top short cover then) and the new longs?...

Swalsh
Brand new short interest report from NYSE
http://online.wsj.com/mdc/public/page/2 ... 022#shortB

we’ve covered over 2 billion (shares) shorts this month, but I HAVEN’T ADDED IN THESE MOST RECENT NUMBERS…
PS: link courtesy waverider

[ClarkW]

What's his site SWalsh? Always looking for good blogs to compliment Cobra's!

GLD will meet the green ellipse soon.

There is a very similar "egg" like that for the SPX going back to before 2000 and we are banging against it now.

It's called "Egg of Doom" at steveo's site Hawaii Trading. He has a few comments a day so it's not like I'm sending people there and I don't have permission to post it. I know he works a day job and is probably still asleep 5 hours behind us.

[soku]

fight around 1325. i believe today is the short the pop day. waiting patiently for my entry

need to clear 1324-1325 area. my target is around 1315

[Petsamo]

KBE, the other bank ETF, is getting spanked