03/13/2012 Intraday Watering

[Harapa]

Calm before the storm, perhaps!

Is it only me? How come the market is soooooooooooooooo slow this morning? The volume seems OK, but the move is very very slow, seems nobody interested in trading this market anymore. Am I the only one who have this kind of feeling?

[Denali92]

In the last three years, there have only been 4 gap and go ups on FED Day (Apr 09, Jun 09, Jan 11 and Nov 11), so it would be unusual if we gapped and went today.... particularly as ALL of those 4 instances had corrections of some sort beforehand, particularly Jun 09 and Nov 11.

Of course, anything can happen in this market these days, but history says that a gap fill is likely....

As always, on FOMC day, it is how they close them.... NOT how they open them....

-D

Since ZIRP (Zero interest rate policy), it closed in green 18 out of 26 times. Maybe today is one of those 8 out 26 red day.
http://www.bespokeinvest.com/thinkbig/2 ... -days.html

PER my comment last night -

FOMC was much more bullish in 2009 with only one small down day - since June 2010 it has been more neutral and lately, it really is a 50 - 50 shot at an up or down close

-D
.

[soku]

couple key levels to watch
chart on mar es

[grachu]

yeah the two minute chart is barrely moving. I have a feeling of a crash on the works..

[Cobra]

gap up then black bar usually means a red the next bar. The 3 exceptions shouldn't count because the gap up wasn't high enough to above the last bar high. So I guess we'll see a red bar here?

[ken_d17]

I think this gap is going to fill .

edit: looking at the q's leading.

[SB73]

Is it only me? How come the market is soooooooooooooooo slow this morning? The volume seems OK, but the move is very very slow, seems nobody interested in trading this market anymore. Am I the only one who have this kind of feeling?

I share the same sentiment. My comments yesterday reflect my opinion that each time the Fed meets now the market is held hostage for at least a couple of days prior to their comments. It is unfortunate that the economy seems to be Fed based. You have to trade the patterns that are provided.

[KENA]

The NYSI has also been tending dn the past few weeks while SPX is up.This is a lagging indicator somewhat but not like it has been showing.Like all all other info we just have to wait and see.

[Harapa]

$RUT TD trend line (15 minute) broken, BD target RUT 815 - 816

[soku]

hi guys, back after a week off. again, bears had bEArly a day to get out before this market ripped our faces off again.

anyone see SKEW spike to 140 yesterday? again, no interpretation here, as i haven't found a good relationship with the market yet; however, we've only been to these SKEW levels at most 5x's...maybe only 3x's.

according to the CBOE, SKEW in option put values is pricing in a greater than 13% chance of a 2 standard deviation move in the S&P.

were u here last tuesday? nice correction.
what 140? i read only 139.xx. u too bearish i think a lot of otm puts are purchased to hedge long position. this way works pretty well in the past couple months since vix is so low.
imho, skew has short history. vix is more reliable in certain degree. it did close below 2 std. just wait it to move back to generate the sell signal.

[1der]

Is it only me? How come the market is soooooooooooooooo slow this morning? The volume seems OK, but the move is very very slow, seems nobody interested in trading this market anymore. Am I the only one who have this kind of feeling?

Not only you. I have seen such a slowness in the market for many months compared to the first nine months of last year. Little spurts of energy here and there, that is all. For me and my style of trading, this slowness is soooooo different. I started trading in 1998 and I do not ever recall the markets having this type of "dullness". I am adapting but slowly............

[Harapa]

$RUT TD trend line (15 minute) broken, BD target RUT 815 - 816

Signal Cancelled.

[Me XMan]

Buy all the dips !!!!

[TWT]

VIX: Plunging below the envelope (20,20)BB in the past has not been bullish for the equity market

[Al_Dente]

Here’s a quick lookback on “trend days”
As long as nyadv >2000 (top panel) the bias is bull

[Me XMan]

You've got to be kidding me?

VIX: Plunging below the envelope (20,20)BB in the past has not been bullish for the equity market

[jarbo456]

to the moon. only thing i've been doing is working on my side business and adding longs to my IRA. what else can you do in a market like this?

[alvian33]

BREAKING NEWS:

VIX is going bankrupt, today at FOMC Fed will bail out VIX

[soku]

don't know where going. 2 days in a row. my guess, retest the 1368-1370 area then heads up again.
vix is not working. euro is not working. what's next

dip to 1370 then back up. will the overnight high be taken? it makes big diff.

[Al_Dente]

Spy fresh hi
Nyadv did not confirm this yet
Volume flow into advancing stocks (inverted trin) did confirm this
Bots are quiet on this one