04/20/2011 Intraday Watering

[MajorEasy]

this mornings trades both auto execute and manual entries, stil short from 1329.00 program trade.

[99er]

Silver
"Irrational exuberance."
http://99ercharts.blogspot.com/2011/04/silver_20.html
Gotta love it.

[99er]

Crude
Update.
http://99ercharts.blogspot.com/2011/04/crude_20.html

[cletus]

Bears have been slapped silly the past 2 years and still so many bearish. When the rest of the bears here capitulate it may be time for a bearish stance?

% of bears on surveys is near record and historical lows. A few bears here doesn't mean anything. The stats don't lie.

[uempel]

Short term SPX targets for today:

[rptrader]

VIX -.66 now, max drop -1.2 after open edge up., Not sure if market is so confident to hold high.
vix squeeze hurts me.
QE2 end, high oil price looms.
Take profit for my longs put last night as Bear hedge.

[chickencoop]

Silver
"Irrational exuberance."
http://99ercharts.blogspot.com/2011/04/silver_20.html
Gotta love it.

the bodies of silver bears fueled the flame.

[KENA]

I am out long.. now waiting to go short... Good day so far.

[rptrader]

so far, All trade are inflation trade, commodity always rocks

[StrikePrice]

I am out long.. now waiting to go short... Good day so far.

Yeah, this market is bi-polar. It's a swing trading paradise.

[AK84]

Cobra will the your CI model go back into buy mode or is it still in short mode and this is just one of the whipsaw days?

[uempel]

Good hourly chart got lost in an earlier stream this morning - it gives a clear view of what's going on:

Courtesy Credit Suisse, the indicators below are all momentum with different settings.

[Cobra]

TLT surge again, interesting.

[lqiantobe]

CORBA~ any comments so far? do you think there is new high ahead today?

[Cobra]

Cobra will the your CI model go back into buy mode or is it still in short mode and this is just one of the whipsaw days?

still in short and the stop loss hasn't been triggered yet. But I admit that the short might caught the wrong time. We have to live with the reality though as if I had 100% winning system, I wouldn't post anything here, rather I'd sunbath somewhere along the beach, right?

[Cobra]

CORBA~ any comments so far? do you think there is new high ahead today?

still watching. as on the day like this I shouldn't say anything about reversal unless i have solid proof. I do see some just they're not solid enough to make the call, so I'm mostly watching here.

[Cobra]

the thing I'm looking at is, well, it's really rare for VIX so out of BB bottom nowadays. but again, on a day like this, intraday reversal is very rare, so bears hope may be on the following days.

[StrikePrice]

Good hourly chart got lost in an earlier stream this morning - it gives a clear view of what's going on:

HOURLY.png

Courtesy Credit Suisse, the indicators below are all momentum with different settings.

I don't know...I think the I want my money back selling for those who bought in the 1325-1340 range is still in play...it's going to take a lot of buying to overcome it, especially if another day like Monday hits. I don't see any reason why SPY won't go down to 131.35 to fill the recent gaps next week. 134 is what I need to be as Bullish as some here.

Anyone know what typically happens over the long Easter weekend?

[jamesmith]

Cobra will the your CI model go back into buy mode or is it still in short mode and this is just one of the whipsaw days?

still in short and the stop loss hasn't been triggered yet. But I admit that the short might caught the wrong time. We have to live with the reality though as if I had 100% winning system, I wouldn't post anything here, rather I'd sunbath somewhere along the beach, right?

and swim with hot female snakes ;)

[stocksage]

Bears have been slapped silly the past 2 years and still so many bearish. When the rest of the bears here capitulate it may be time for a bearish stance?

% of bears on surveys is near record and historical lows. A few bears here doesn't mean anything. The stats don't lie.

And being bearish because of a record low # of bears has made you rich? lol.