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Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 9:39 am
by uempel
HK88 wrote:Hi,
Just a quick observation on market internals. SPX is at/around 1315 but BPSPX not quite following thru as well as the cumulative breadth for SPX. Also, NYSE not selling as much, which could mean that yesterday's selling was not that broad-based, but on the other hand (like Cobra mentioned) it means that large caps are being dumped by institutions.
Thx
Yesterday the large caps were flat: BPNYA - 0.99%, BPCOMPQ - 0.82%, BPSPX - 0.54%, all other bullish percentages like OEX, NDX and INDU flat.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 9:44 am
by shumushu
Gap filled, Let see what the market will do now.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 9:45 am
by BullBear52x
Lines of support.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 9:49 am
by shumushu
Target price for SPY
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 9:49 am
by Cobra
support and ChiOsc.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 9:50 am
by uempel
shumushu wrote:uempel wrote:Nobody seems to write about this:
SPX1.png
Hmm that is a very interesting chart. Good work sir =)
Yeah, but it has to be triggered first...
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 9:53 am
by Cobra
bounce from support, hopefully this is for real.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 9:53 am
by BullBear52x
Dip buyers spot and intraday short covering.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 9:55 am
by Thunder
uempel wrote:Nobody seems to write about this:
SPX1.png
Good one Uempel !!!
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 9:57 am
by alphahorn
Due for a bounce around 1303-6, let's see if this ends the 3 push down
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 9:58 am
by BullBear52x
so far the dip buyers failed twice on this run down, right now we are on the 3rd one, will it be the charm? I cover my SSO here.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 10:06 am
by pablorynx
comment re NFP tomorrow: the street has taken NFP estimates down a lot in the last two days (far below the 170k number floating about, some have taken it down to 100k). if we can rally/bounce today, think the downside is more real, but if we trade sideways to slight down (barring another real breakdown) then I think the mkt will be buying a bad number.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 10:06 am
by Cobra
alphahorn wrote:Due for a bounce around 1303-6, let's see if this ends the 3 push down
Hi, welcome aboard. glad you're here.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 10:12 am
by Tabby
Cobra wrote:alphahorn wrote:Due for a bounce around 1303-6, let's see if this ends the 3 push down
Hi, welcome aboard. glad you're here.
Me too. Thanks again for Slv chart.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 10:16 am
by Cobra
fib, chiosc, info only. only spy made a lower low. QQQ/RSP/IWM not, so probably the rebound is for real but eventually it'd fail. I just hope it could last a day or two.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 10:18 am
by soku
rumor says large stop order at 1319
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 10:18 am
by 99er
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 10:19 am
by BullBear52x
My magic market still pointing down
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 10:20 am
by Cobra
there're chances to go like this either with lower low or higher low but overall, I'm bullish biased today. we'll see.
Re: 06/02/2011 Intraday Watering
Posted: Thu Jun 02, 2011 10:22 am
by cletus