02/01/2012 Intraday Watering

[cougar]

Cougar: I just got a reminder that a while back you mentioned GLD had a cycle turn date on 2/3. Do you remember this? If so, what are your thoughts?

Thanks!

Yes, I do. I got out of GLD and now I am waiting to see what they do...
2 possibilities:
1 = reversal
2 = higher consolidation, resulting, later, in a further UP acceleration...as they did last time, at a Fib time pivot.

[SB73]

Closed TVIX with minor damage. Geez hard to get a good read on this stuff right now.

[SB73]

Cobra,

Did you notice that we gapped above yesterdays high?

[ClarkW]

Gotcha. Thanks Cougar!

Cougar: I just got a reminder that a while back you mentioned GLD had a cycle turn date on 2/3. Do you remember this? If so, what are your thoughts?

Thanks!

Yes, I do. I got out of GLD and now I am waiting to see what they do...
2 possibilities:
1 = reversal
2 = higher consolidation, resulting, later, in a further UP acceleration...as they did last time, at a Fib time pivot.

[jarbo456]

Paging Jarbo:

I found the following at Bloomberg showing the implied stock price moves for companies reporting results based on existing options data for the day. Looks like this is a daily report from what I can tell.
This report is what made me think I should play MTW as a strangle but I didn't make the plunge......my bad. Stock is up 9%+ in pre-market trading and the Bloomberg report shows it has an average move of around 9% during earnings.

http://www.bloomberg.com/news/2012-01-3 ... sults.html

It shows that in today's earnings GMCR and JDSU may be the best plays for earnings today into tomorrow.

very nice man.

You still holding AMZN calls or puts?

had a strangle on amzn. sold the puts. holding the calls, but doubt they'll be much of a bounce. but actually lost money this time around, got greedy and built a bullish position thinking amzn would beat.

[jimme]

GLD filled it's gap quickly and has a lower high. Carryon! jimme

[TWT]

SPX: alternate rapid moves are common in a wave (4) corrective EW pattern.

[Al_Dente]

Strong open for European ETFs
http://stockcharts.com/h-sc/ui?s=EWG&p= ... =252930266

[dcurban1]

Germany Plays its Hand

http://www.atruecontrarian.com/2012/02/ ... -hand.html

Technical Analysis, February 1, 2012 – WTIC

http://www.atruecontrarian.com/2012/02/ ... -wtic.html

[Cobra]

Cobra,

Did you notice that we gapped above yesterdays high?

not marginal enough.

[BullTart]

10AM EST = ISM numbers will come out. Odds are that it will disappoint given the not so good numbers yesterday.

VIX low last Thursday still in play, still dancing around the same range and trying to form a bottom here.

[L_T]

Paging Jarbo:

I found the following at Bloomberg showing the implied stock price moves for companies reporting results based on existing options data for the day. Looks like this is a daily report from what I can tell.
This report is what made me think I should play MTW as a strangle but I didn't make the plunge......my bad. Stock is up 9%+ in pre-market trading and the Bloomberg report shows it has an average move of around 9% during earnings.

http://www.bloomberg.com/news/2012-01-3 ... sults.html

It shows that in today's earnings GMCR and JDSU may be the best plays for earnings today into tomorrow.

very nice man.

You still holding AMZN calls or puts?

had a strangle on amzn. sold the puts. holding the calls, but doubt they'll be much of a bounce. but actually lost money this time around, got greedy and built a bullish position thinking amzn would beat.

Hmmmmm I saw you posted yesterday that a lot of people were thinking they would beat. If I take one of these trades I'm going to go as neutral as possible and just let the (hopefully large) price move generate the gain rather than guessing which way the price will move.

Something tells me though you are probably net in the black with CRR. That was a nice one.

[Petsamo]

It's been a while since we rallied on a gap up or sold off on a gap down

[soku]

rumor says ism beat. i guess es is going to take 1323.5 pivot

[stucap]

Megaphone? Or just another teaser to cause more squeezers?

[Petsamo]

Whoa! Bad news?

[L_T]

10AM EST = ISM numbers will come out. Odds are that it will disappoint given the not so good numbers yesterday.

VIX low last Thursday still in play, still dancing around the same range and trying to form a bottom here.

I'm vicariously living a TVIX trade through you black bird of DOOM. I don't like the looks of it until it breaks the daily 9 EMA to the upside but it also hasn't broken down yet either. Good luck.

[uempel]

10AM EST = ISM numbers will come out. Odds are that it will disappoint given the not so good numbers yesterday.

VIX low last Thursday still in play, still dancing around the same range and trying to form a bottom here.

Thanks.

[Al_Dente]

1 min
Nyadv >2000
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[soku]

if everything perfect, we can see a small pop up then going back down to 1308-9 area.
busy today. good luck guys