03/16/2012 Intraday Watering

[Al_Dente]

U Mich sentiment drops
http://news.ino.com/headlines/?newsid=31620120579

[Harapa]

Sell on IWM per this model

[xfradnex]

UAL is going down now, but if stops soon, it will form a nice bottom. http://seekingalpha.com/article/436621- ... d-airlines

[uempel]

I've got some long term charts suggesting a sell at 1400/05 - and that's what I'm doing now. No big position, stop is 1411, target is 1375

[Harapa]

I've got some long term charts suggesting a sell at 1400/05 - and that's what I'm doing now. No big position, stop is 1411, target is 1375

Uempel
BB52X showed on his blog when SPY weekly RSI (5) was > 90 last three times, SPY was soft the next week or so. I expanded his observation to include all available data for SPY. There were 12 such events since SPY inception. 9 times SPY was lower (%loss 0.28-1.75) after a week, 3 times it was up (% gain 1.91, 1.36, 0.04 dividend included)

[Harapa]

Sell on IWM per this model

Signal Aborted

[uempel]

I've got some long term charts suggesting a sell at 1400/05 - and that's what I'm doing now. No big position, stop is 1411, target is 1375

Uempel
BB52X showed on his blog when SPY weekly RSI (5) was > 90 last three times, SPY was soft the next week or so. I expanded his observation to include all available data for SPY. There were 12 such events since SPY inception. 9 times SPY was lower (%loss 0.28-1.75) after a week, 3 times it was up (% gain 1.91, 1.36, 0.04 dividend included)

I've got it in on monthly Gann, cycles and ellipses - should work out.

[KeiZai]

So far slow day but €ride was awesome now time to short SP

[Al_Dente]

Oy, they’re trying to squeeze banks again
KBE bigs
KRE regionals

[Denali92]

So how does the dividend work? Since I own SPY, the value I lose in the share price I will get back in a dividend in a couple of days? Anyone know how this works?
Thank you.

yes, you'll get cash.

in about 6 weeks....

.62 per share

[Denali92]

A few interesting tidbits….

When SPX makes its high for the week on opex day – it has not closed down since Jan 2007

Since 2007, When SPX makes its high on a Friday of Quad Witch – it has major topped…. BUT….. there were in volatile bearish markets…. Dec 07 (Wed after), Sep 08 – Opex day, Sep 2011 (Tuesday after)….. When I say Major Top – that means it declines at least 50 SPX points…..

The record pre 2007 is not so clear…. what it really tells me is that in bearish market periods we tend to squeeze higher during opex and then we roll over ….

All in all …. making the high for the week today was against the historical precedent….. but that is the way this market goes….

-D

[Cobra]

so far goes as planned. now let's see the 2nd part of my plan.

[Al_Dente]

PAGING Baron von Dots
U posted this TVIX last night on cobras board
download/file.php?id=16579&mode=view
U cut off the symbols so I don’t even kno what I’m looking at
Correlation coefficient? What? WTF?
Please re-post with symbols

To thank u in advance, here is yr girlfriend in black leather, oy:
http://www.youtube.com/watch?v=NmU_ANLd ... re=related

[stucap]

so far goes as planned. now let's see the 2nd part of my plan.

the bounces never end. why won't they ever end? dip in the morning, grind upwards, 45 degree angle, every day. JBTFD.

[Richarab]

ES global up to touch 1400 itself for double top possible formation
in line with Cobra's evil plan today...

[Al_Dente]

nyadv 1400
nydec 1400
u don’t even need a chart for that one
50/50
TRIN went bull but weak-ish too

[SWalsh]

Right out of the gate VIX was down -7% to 14.3 and piercing or almost piercing the lower bolinger again…

There are so many algos now trading the mkt that have begun to eat at each other and have crushed volatility. If a spread was 3 cents 2 years ago it is now as low as 1/10th of a cent. It's called arbitrage and I have seen this before. Everyone agrees to not move the spreads any tighter while they all make money until someone comes along and doesn't play by the rules and thinks cutting the others just a tad is easy money. Then the others join in. Suddenly, it's a race to take any profit at all.

Could some get killed if a Black Swan event pops up? Sure. But for now, the mkt, as we used to know it, is an extraordinarily bad trading vehicle, propped up by TBTF institutions whose job it used to be to safeguard the public's trust in them by holding their money. MF Global showed that's no longer the case.

The market is Aby-Normal

[Harapa]

European pump/dump lately starting a little earlier than 11:30EST. ~ 10:20-11:20 EST. Watch EEM/IWM for a queue of the direction past this time. It provided a good scalping opportunity last few times.

They like IWM but are in love with EEM. IWM lagging EEM, may be an opportunity for a scalp especially if it pulls back to this AM low!

[uempel]

This ain't an evil plan, it's just a TA view of resistance at 1400ish. And those who believe in these kind of charts (e.g. me) open up a short position here...

[KeiZai]

Rimm looks like she bottomed but dont wanna touch it for now maybe later