05/22/2012 Live Update

[snakehead]

Oh, I see now .....

EUR taking a dump.

http://finance.yahoo.com/q?s=EURUSD%3DX

The shills are going to be very busy today propping this up to keep it from going sub-1.27 again !!!

If "they" can't get this back above 1.274 within the next few minutes, its over for bulls:

http://finance.yahoo.com/echarts?s=EURU ... =undefined;

[Al_Dente]

The liquidity for yesterday did tick dn even though the mkt was way up..For the bears if liquidity keeps going dn the mkt will have a good dn move..The # of weak stocks decreased yesterday but the # of strong stocks increased very little.This is a negitave for the mkt......And right now it looks like a dome has formed or could continue to form,if so hang onto your hats.Charts did not change much but if you want them let me know.Been a busy morn but I'm through now.

THANKS very much kena i want them

[CMT]

Damage was done with S&P breaking 1327, I say more up to 1356... just my opinion! We rally through tomorrow

[KENA]

For Al update liquidity chart.

[TraderGirl]

XIV sitting at Fib resistance line....

[TraderGirl]

I have a neighbor who owns a boat load of FB restricted stock, he is stuck in the shares. Any advice for him?? I feel bad for him because he has lost money.

I was thinking he could short on a rebound so that he is at least market neutral should we take another nasty fall in July. Any thoughts? Does anyone know if you can short FB at this point??

[Petsamo]

I have a neighbor who owns a boat load of FB restricted stock, he is stuck in the shares. Any advice for him?? I feel bad for him because he has lost money.

That depends on his basis.

[r0wr]

i'm curious what this intraday says about tomorrow and the rest of the week... thoughts?

[stucap]

I have a neighbor who owns a boat load of FB restricted stock, he is stuck in the shares. Any advice for him?? I feel bad for him because he has lost money.

I was thinking he could short on a rebound so that he is at least market neutral should we take another nasty fall in July. Any thoughts? Does anyone know if you can short FB at this point??

I heard some of the BDs are making some borrow available to preferred clients. Might want to have your neighbor check with his/her broker. Borrow is should be readily available (likely at a nice borrow rate) on Thursday once all the shares from Friday settle under the standard T+3 rules.

[CognitiveDissonance]

Oh, I see now .....

EUR taking a dump.

http://finance.yahoo.com/q?s=EURUSD%3DX

The shills are going to be very busy today propping this up to keep it from going sub-1.27 again !!!

If "they" can't get this back above 1.274 within the next few minutes, its over for bulls:

http://finance.yahoo.com/echarts?s=EURU ... =undefined;

I think this morning may have a been a nice bull trap - I'll be grilling some steaks tonite

[TraderGirl]

I have a neighbor who owns a boat load of FB restricted stock, he is stuck in the shares. Any advice for him?? I feel bad for him because he has lost money.

That depends on his basis.

I don't know what his cost basis is...If it's really low, then I don't feel that bad, he knows the risk, but I know that a friend of mine who was working at FB was looking into selling the shares on Second Market, and I was looking into it for her and the shares were trading privately for $31, and that was about 1 1/2 years ago, so anyone who got in in the last year or two in the secondary market is not making any money at this point, in fact if the shares go below $31, then there could be a waterfall sell-off IMHO....

[Cobra]

I'm neutral. the target is in case there's a 2nd leg down, it's the max target. aapl on the other hand could be a bull flag, so the bias is up.

[cguirguis]

Getting a nice little ascending triangle on the SPY 1 minute chart. Might break out here.

[TraderGirl]

I have a neighbor who owns a boat load of FB restricted stock, he is stuck in the shares. Any advice for him?? I feel bad for him because he has lost money.

I was thinking he could short on a rebound so that he is at least market neutral should we take another nasty fall in July. Any thoughts? Does anyone know if you can short FB at this point??

I heard some of the BDs are making some borrow available to preferred clients. Might want to have your neighbor check with his/her broker. Borrow is should be readily available (likely at a nice borrow rate) on Thursday once all the shares from Friday settle under the standard T+3 rules.

Thanks stu, I will tell him to look into that...

[MrMiyagi]

Getting a nice little ascending triangle on the SPY 1 minute chart. Might break out here.

Good timing

[Cobra]

overall strength, QQQ and IWM weaker, not a good sign.

[Al_Dente]

PAGING Baron Von BB52x:
I’m trying to find a way to “temper” the wacky gyrations of TRIN…. other than using an sma smoother….
I notice u rely on $NYUPV:$NYDNV so I’m trying that… here overlaid on invertTRIN
Note 16 to 18 May when TRIN was jumping all over the place like a crazy person, $NYUPV:$NYDNV stayed calm bear…
They are aligned today….so…….. what…… ?
I know its obsessive-compulsive, don’t laugh at me as TRIN is driving me nuts.
Please comment…

PS:
THANKS kena
Cog: welcome back
TraderGirl: FB restricted stock is supposed to be on “lockup” for 60 days. He could hedge using SOCL, no?

“God, it’s marvelous. What the f**k does it all mean?”
[Ridley Scott, 1981, upon seeing the first rough cut of his “Blade Runner”]

“Dull. Pointless. Confusing… were they all on drugs when they did this?”
[From the original comment sheets by Bud Yorkin and Jerry Perenchico, two of Ridley’s financial backers, upon seeing the rough cut of “Blade Runner” 1981]

[TraderGirl]

Apple hit resistance this morning...

[snakehead]

Getting a nice little ascending triangle on the SPY 1 minute chart. Might break out here.

132.75 was key ---- couldn't hold it.

[stucap]

Getting a nice little ascending triangle on the SPY 1 minute chart. Might break out here.

132.75 was key ---- couldn't hold it.

Looks like we're back to the days of AAPL holding mkt up and never ending bear flags? [at least soybeans can sell off]