01/30/2012 Intraday Watering

[proteus46]

SPX failed to break the 50% Fib. retracement line (1308.62).

1 minute chart.

[TraderGirl]

SPY 5 min. basic fib info for today

Clark, is there an Elliott guideline on how far a minor "b" wave retraces?

[Al_Dente]

PAGING BARON

[BullBear52x]

PAGING BARON

Yes Dr Al

[Cobra]

by the way, as long as a red close it's bear's victory, a lower close should be ahead. let's see.

[Al_Dente]

PAGING BARON

Yes Dr Al

Whaaaasssssss up?

[edit: oh, i see u snuck in while i was busy]

[ClarkW]

Sorry TraderGirl, my Elliott knowledge is extremely limited. Maybe one of the EW guys can answer your question.

SPY 5 min. basic fib info for today

Clark, is there an Elliott guideline on how far a minor "b" wave retraces?

[BullBear52x]

PAGING BARON

Yes Dr Al

Whaaaasssssss up?

[edit: oh, i see u snuck in while i was busy]

I am good and stay nimble. just hit another sell wave, wait for SuKo signal to confirm 5 more min.then should be another good run before EOD I hope.

[CMT]

IEF - if we get some volume behind today... I like what I see!

[Al_Dente]

BARON
Gimme anything u got on bonds (in yr “spare time” of course)
I’m obsessed with money flow into bonds today, and short covering masquerading as real long buying (and programs just got active on 1 min volume)

[BullBear52x]

IWM confirmed another selling, not on SPY just yet.

[TraderGirl]

IEF - if we get some volume behind today... I like what I see!

I am wondering why my chart looks different than yours...?? You have a new high on stock charts, and I have a lower high...???

[jarbo456]

Paging Jarbo:
How about AMZN 190/200/210 butterfly for $1.50 each instead of strangle for $16.85? Thanks

so your thesis is a long bias in AMZN, but with less volatility then is expected...

long 10 Feb 190
short 20 FEB 200
long 10 Feb 210
-------------------
total debit of 1.45

------------------

If AMZN trades to 200 - profit is $72.47
AMZN trades to 207 - even
AMZN trades to 191 - even

trades outside that range is a loss.

AMZN's 200MA is at 202 - i think if it beats, that'll be enough to take AMZN to at least the 200MA if not above. AMZN's long term (up) trend line is at 173 - if earnings miss, that'll be the target IMO.

VIX is popping up, volatility may be rising out of it's long slumber. Being short single name volatility in the current IV environment doesn't seem wise as the surprise will be to the upside in vol IMO.

i could be wrong...

[Unique]

The bull sentiment here is like this..compare friday to today..they all hiding

http://www.woostercollective.com/Dead_Bull.jpg

[BullBear52x]

BARON
Gimme anything u got on bonds (in yr “spare time” of course)
I’m obsessed with money flow into bonds today, and short covering masquerading as real long buying (and programs just got active on 1 min volume)

very bullish on my short term.

[Unique]

Paging Jarbo:
How about AMZN 190/200/210 butterfly for $1.50 each instead of strangle for $16.85? Thanks

so your thesis is a long bias in AMZN, but with less volatility then is expected...

long 10 Feb 190
short 20 FEB 200
long 10 Feb 210
-------------------
total debit of 1.45

------------------

If AMZN trades to 200 - profit is $72.47
AMZN trades to 207 - even
AMZN trades to 191 - even

trades outside that range is a loss.

AMZN's 200MA is at 202 - i think if it beats, that'll be enough to take AMZN to at least the 200MA if not above. AMZN's long term (up) trend line is at 173 - if earnings miss, that'll be the target IMO.

VIX is popping up, volatility may be rising out of it's long slumber. Being short single name volatility in the current IV environment doesn't seem wise as the surprise will be to the upside in vol IMO.

i could be wrong...

AMZN missed last quarter, just so u know. Why so much AMZN talk after I mentioned it...lol

[waverider]

IWM confirmed another selling, not on SPY just yet.

Nice one BB, here's your $VIX update:

[Cobra]

a small C&H, hopefully a breakout here.

[jarbo456]

AMZN missed last quarter, just so u know. Why so much AMZN talk after I mentioned it...lol[/quote]


cuz you're a genius.

haha...just kidding.

analysts saying it was a cyclical miss last quarter.

Q4 estimates are 18.2BB in revenue...to give you an idea of how important xmas season is for amazon - 9.8, 9.9, 10.8 are the previous quarters.

i'm long vol with a slight long bias. i hope this thing shoots through it's 200MA and heads towards 220.

[waw4]

cobrasmarketview.com's live twitter feed window of Cobra's market comments has gone dark and is not updating. -Bill