05/07/2012 Live Update

[Cobra]

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Gap down below Friday's low, so the gap might not be filled.

The Global ES had a sharp come back overnight but this down leg was just too large, so normally, this come back (even sharp) would fail eventually.

[Petsamo]

So who's gonna short the open? My Spain (EWP) looks like it's gonna gap up, so I might sell it.

[cougar]

VRTX in pre-market was close to target ~62 = a good point to get outfor a good while! Best new data are out now!

[cougar]

SPY: if Da Boyz cannot support it at ~135.9...it might find support at the bottom of the octave ~135.2

[Cobra]

the open.

[Petsamo]

Da banks are excited

[KENA]

It sure didn't take long to fill the gap but wait and see what happens after the HYPE wares off.

[Cobra]

this last hourly bar might be an exhaustion bar. again, NORMALLY, this rebound shall fail.

[Petsamo]

There were large sells in EWP, so I sold mine. Then the price shot up. Go figure.

[SWalsh]

Pull up a chair....the Central Banks have a "Thrilla in Manila" and they fight for their collective lives.

Great book: "Endgame: The End of the Debt Supercycle and How it Changes
Everything". The author states a 2nd recession could be catastrophic and the data mining has cherry picked what it likes as there are very serious view points out there pointing out there are no good choices, that they refuse to consider, as it attempts to reflate.

We are a LOT closer to deflation that we think, confirming with some solid data what I have been saying for 2 years: Bernanke fears deflation and loses sleep over it. QExx buys some limited growth for a limited time while increasing systemic risk and the only fix is time and austerity, although France just signaled we can stuff that, they want their cake.

[pezhead9000]

Block trades on EWP: trades: 6 b/s ration: 5.0 MF: $1.00M
apologies: that was Friday

[SWalsh]

HFT activity turned this....will it prevent all negative technicals from selling?

[Mr. BachNut]

Short. I got a sell signal for Friday's close based on a composite technical model, and I got within a hair of a sell signal on a McClellan Summation Index setup.
The summation setup could trigger at today's close but maybe not. Have to wait and see.
I still feel these signals could be subject to whipsaw as these are trend signals and the market has been in a chopfest trading range. So, I brace myself for a crunch.

I think the chop is illustrated well in the P&F chart below (hat tip to the Evil Speculator).
There have been buyers in the SPY 136-139 zone and sellers in the 139-142 zone.
Perhaps as the chart suggests, a close below SPY 136 would end the chop regime.

[Petsamo]

Block trades on EWP: trades: 6 b/s ration: 5.0 MF: $1.00M

There were 5 buys for every 1 sell on EWP ?

[KENA]

Look at the yellow area..The green line is pointing dn and the red is starting up..When the red spikes up we have a good dn move this could be between now and Tue or Wed..When the blue line moves up and then spikes up we will have a up move..To understand the chart follow it on the S&P,the moves are clearly shown..The Liquidity chart is has now moved dn in the lower Quardent..It is falling but still to hi..Lets see what happens ( charts by Stocktiming)

[pezhead9000]

7-May SKEW index - which measures purchasing of out-of-the-money S&P 500 Index puts for downside protection has dropped from March high

[KENA]

Look at the yellow area..The green line is pointing dn and the red is starting up..When the red spikes up we have a good dn move this could be between now and Tue or Wed..When the blue line moves up and then spikes up we will have a up move..To understand the chart follow it on the S&P,the moves are clearly shown..The Liquidity chart is has now moved dn in the lower Quardent..It is falling but still to hi..Lets see what happens ( charts by Stocktiming)

liq%20ss.png

I GOT THE CHARTS REVERSED SO I HOPE I DID NOT CONFUSE YOU..STILL LEARNING TO POST.

[oldpigwang]

Cobra: Will ES test over night low?

[Petsamo]

Cobra: Will ES test over night low?

Seems like a long way down

[pezhead9000]

Block trades on EWP: trades: 6 b/s ration: 5.0 MF: $1.00M

There were 5 buys for every 1 sell on EWP ?

That's what AVAFIN reports. Right now they show - 8 trades b/s ratio of 2.53

http://finance.avafin.com/blockTrades?t ... dustryId=0