01/27/2012 Intraday Watering

[Al_Dente]

Bull and Bear signals:
$BPINDU closed at 93 yest…Note previous occurances since 2009 when it was 93 (green boxes).
$BPTRAN closed at 90 yest…Note ditto (brown boxes)
http://stockcharts.com/h-sc/ui?s=$INDU& ... =255225020

PS: uempel BP is yr area of expertise, what think u?

[Cobra]

testing lower boundary.

[ken_d17]

We just spiked down. Was this news related?

[klaukata]

Maybe?

[SWalsh]

This was funny - some guys just don't want the market to tank.

ww.png

The markets are now run by the banks. They (stock markets) are now small enough, compared to the cash they have which is essentially unlimited, to be traded like commodity markets. That allows them to move it where they like. They cleaned the clocks of the funds between August 10th and Oct 3rd and many stopped. It's easier for them to make money at SPX 1300 than it is at SPX 500. The problem is that without any regulations or regulators who can understand what they are doing and prevent the cabal from its assigned rounds, they are that "Outer Limits" TV. IMO, that should be factored in to all trading.

[uempel]

This system courtesy Rolf Bertschi/Credit Suisse shows that SPX is slowly rolling over - no upwards momentum on weekly and daily and downwards pressure slowly increasing. Interesting that BPSPX rose a bit yesterday - don't quite understand the divergence. My guess is that BPSPX will turn down and follow the CS system, which is more precise.

CS2.png

cool.

How do we read it ?

Any paper or tutorial available ?

CS does not provide the precise data/settings, but here an executive summary:

Each stock is tracked with a momentum cycle, on a monthly, weekly, daily and hourly base. I don't have the precise settings of the momentum indicators they use, I only know that they divide the cycle into four different phases, up and advancing, declining and terminating. So each stock is always in one of those phases. The number of stocks in each phase are added up according to the indices and that's what they show in their daily TA report.

Most interesting are the changes between the four phases, and for my kind of trading the daily cycle is the most useful.

This system is more precise than Bullish Percentages, because it has four phases and not only two (BPs work with bear/bull and that's it).

Does this help you?

[usctrojan99]

Small caps and Emerging markets currently inverse the S&P. The true risk on trade seems alive and well for right now.

With this type of divergence on IWM I would say last push unless we trade it to new high, for now bearish.

BullBear52x,
Nice observation. I was looking at the same. Very interesting to see the small caps do well today on an otherwise down day. Historically, does anyone know if the Russell lags? In November, it seemed to lag the S&P when the market took a leg down. I bought some IWM puts as a hedge. I am still long market with tight stops.

[BullTart]

Not much to add here... PosD on the daily VIX RSI playing out as expected.

Maintain VIX bottom call from yesterday morning.

Expected target is top of BB band for PosD resolution = 24 ish.

[SB73]

Cobra,

Does this look like the first leg down?

[Petsamo]

We have excitement in UNG. Maybe I should sell ...

[Cobra]

text book target.

[cougar]

I was asked yesterday about AMLN. Here it is, briefly.

AMLN is expecting approval for the Bydureon resubmission, to be commercialized under the Prescription Drug User Fee Act (PDUFA), for the treatment of type 2 diabetes.
In the company of the Big Bird Eli Lilly (as an associate) and with a drug that doesn’t do much harm and can even be beneficial and handy to administer… it has good chances for a YES, or at least an “approvable letter“, which of course is not the same thing…
Moderately bullish, smart cookies are building call spreads for a few days, now….
Today C/P vol ~ 2.
BUY signal on 01/24/2012.
==========
Please, do your own DD.

[Me XMan]

GONNA GET DRUNK AGAIN TONIGHT

text book target.

[waverider]

$VIX, rounding bottom, now to test falling resistance.

[happychen]

bottom of the yellow box?

[Unique]

Anyone swinging next week short? A lot of things look like bear porn on SPX/SPY

[uempel]

This was funny - some guys just don't want the market to tank.

ww.png

The markets are now run by the banks. They (stock markets) are now small enough, compared to the cash they have which is essentially unlimited, to be traded like commodity markets. That allows them to move it where they like. They cleaned the clocks of the funds between August 10th and Oct 3rd and many stopped. It's easier for them to make money at SPX 1300 than it is at SPX 500. The problem is that without any regulations or regulators who can understand what they are doing and prevent the cabal from its assigned rounds, they are that "Outer Limits" TV. IMO, that should be factored in to all trading.

Thanks, but I said it in 12 words...

[stucap]

Anyone swinging next week short? A lot of things look like bear porn on SPX/SPY

If we get a breakdown here and it stays down.....maybe.

[klaukata]

MegaPhone...

[Petsamo]

sold UNG @ 5.80 for a 3.2% gain
I'm 4 for 4 baby!