02/08/2012 Intraday Watering

[HappyFriday]

Very interesting divergence today between the VIX and TVIX.

The VIX is down 0.57% right now, but TVIX is UP 0.21%.

What does that mean?

That means that the contango with the VIX futures is being reduced.

I have not seen this behavior in a while now between these two. Options traders are beginning to move the VIX term structure up, increasing the short term slope to an even steeper angle.

That should be a sign that traders are beginning to bake in a future that is not super rosy and that could have some bumps along the way.

Could be one the of the first cautionary signs that something wicked is right around the corner here people. Take note and ignore at your peril.

Good point. I guess this market can be up everyday. Just believe what you see. Just like BK company China-dot-com can be up from 7 cents to $3.6 in 2 months. 5000% return !

[99er]

BullTart "something wicked is right around the corner here people"

What...don't like a fresh snow? Possible skiers' heaven today.

Check out AUDJPY: Looks like a series of H&S is about to begin. Risk off.

[proteus46]

Events that may exhaust buyers...Greece resolution, Germany approval, CSCO positive guidance.
I hope we see a higher SPX and then a plateau for a couple of days and I think the buyers may be gone.

[Me XMan]

Added short position $135.20. stop-loss $136.

[SB73]

Asia and Metal miners seem to be the strongest over the last several sessions.

[ccash04]

the 10 yr bond finding some support here.

[Wallstreetrader]

Added short position $135.20. stop-loss $136.

You have balls

[ccash04]

TRIN not that bullish but that will probably change.

[99er]

Uh Oh

(Reuters) - Anti-government extremists opposed to taxes and regulations pose a growing threat to local law enforcement officers in the United States, the FBI warned on Monday.

http://www.reuters.com/article/2012/02/ ... 0V20120207

[Carlos]

Made good $$ yesterday. Things I think are too high. Waiting for bad news with some volume behind it. The push lower happening right now does not have much volume behind it.

[BullBear52x]

GM, watching full sto this is about to give a bear another hope short term.

[99er]

It's snowing!

[ccash04]

I'm rubbing my eyes I can't believe the market can't hold its gains usually it will sell off for 5 mins then rise for 30 rinse repeat.

[TraderGirl]

This is a very messy chart (pardon), but it is a comparison between Utilities and Transports. I believe we are going higher into March, but in the short term, is a sell off around the corner? Market looking sketchy today...

[BullBear52x]

Sell

[Petsamo]

It's snowing!

It's winter

Break

Bears have traction

[SB73]

Cobra for all intensive purposes your target from last night was achieved. Great work. Close longs near target and back to cash.

[soku]

es need to drop below 1343-44 to be tradable
not sure why it is dropping. could be s&p talking about US rating

[Cobra]

Cobra for all intensive purposes your target from last night was achieved. Great work. Close longs near target and back to cash.

missed 7 cents.

[BullBear52x]

es need to drop below 1343-44 to be tradable
not sure why it is dropping. could be s&p talking about US rating

SPY 134.64 is what I am eyeing