10/09/2012 Live Update

[Cobra]

let's see if bulls can make a double bottom here.

[pezhead9000]

What's going on with Pimco??
http://finviz.com/quote.ashx?t=phk&ty=c&ta=1&p=d

[Petsamo]

Anyone have a high dividend (income) stock (ETF) they like ?

DVY isn't bad.

Thanks
If PHK does one more dip, I'll play it

Make sure you research it's NAV too. I just did a quick search and it looks like it's NAV is $8.38 but market value as of this second is $12.95. That's quite a premium.

OK thanks

In looking at past dividends, it has a yield of above 10% (annualized) at the current price

[TWT]

SPX: CAREFUL WITH BIG SIZE SHORTS HERE ==> TRIN IS BULLISH

[Petsamo]

What's going on with Pimco??
http://finviz.com/quote.ashx?t=phk&ty=c&ta=1&p=d

Check out the dividends. If you annualize it, it comes to above 10%

[KeiZai]

SPX: CAREFUL WITH BIG SIZE SHORTS HERE ==> TRIN IS BULLISH

It´s late to be very bearish now there will be better entry point, matter of time when corrective risk on starts

[L_T]

What's going on with Pimco??
http://finviz.com/quote.ashx?t=phk&ty=c&ta=1&p=d

Check out the dividends. If you annualize it, it comes to above 10%

Just be careful. If the "market" one day decides they won't pay 50% or 60% premium to its NAV and it plummets big (maybe that's what is happening to PHK now?) the 10% yield won't seem so attractive.

[Petsamo]

long 150 shares PHK, 12.824
It's a stock I wouldn't mind holding. Next dividend distribution is 10/12, more or less, distributed monthly

[Petsamo]

What's going on with Pimco??
http://finviz.com/quote.ashx?t=phk&ty=c&ta=1&p=d

Check out the dividends. If you annualize it, it comes to above 10%

Just be careful. If the "market" one day decides they won't pay 50% or 60% premium to its NAV and it plummets big (maybe that's what is happening to PHK now?) the 10% yield won't seem so attractive.

In looking at the daily chart, I'm hoping for a bounce. The hope strategy is in place

[Al_Dente]

NUGT p-bar up to about 18
anyone else see that?

[Mr. BachNut]

Still short. Trailing stop hasn't hit yet. Kind of surprised.
With treasury auctions dead ahead, I am half-expecting equities to rally while the dealers set up bargains in bonds.
Still hunting for a local top of some kind between last Friday and the coming days though.

[TraderGirl]

NUGT p-bar up to about 18
anyone else see that?

Yep

[TWT]

SPX: absence of impulsive action could be forming a Leading Diagonal (I) of (3)

[EvilTrader]

IM OUTTA LONGS.

[TraderGirl]

Check out p-bar on XIV, I have never seen one on XIV...

[fehro]

trend lines. ..still looking for lower blue and green for targets.

[Petsamo]

I'm getting all sorts of bad ticks today

[uempel]

I sent this message to ajvs in the early morning, I'm showing it here because it says all there is to say:

The market has a multitude of time cycles - hourly, daily, weekly, monthly and so forth. At the moment momentum on the hourly, daily and weekly are not in sync. Daily is limping along, but weekly and monthly still look happy. If SPX manages to show strength this week (3rd quarter results are due) and end the week above the crucial level of SPX 1450/1460 - hey, daily momentum might switch to green again. I believe we should wait and see. In other words: DT might be ok, but someone who trades the indices and wants to stay in the market for longer than just a few minutes or a few hours - he or she is playing those red and black pockets at the Roulette table.

[Al_Dente]

relative strength

[daytradingES]

looks like we're heading down to the low target (of last night's post).
The high target 1455.50 was "met" in o/n with1454.50 at 21:88
IHIH