12/20/2011 Intraday Watering

[BullBear52x]

GM, Ho Ho Ho, you got to believe right on 5 dma resistance, this makes you go hmmmmmm.....

[cougar]

Is this similar to Hope and Change?

Good morning!
Three consecutive days with similar patterns.
It's time for a CHANGE!

Unfortunately YES!
But also: No news is GREAT NEWS!

[Cobra]

Morning Cobra, could you pls comment on VIX? It gaps down to a lower low after several dojis........I am worried since I hold heavy positions, seems santa rally is coming....thanks!

I really don't understand what's going on with VIX. Seems we shouldn't trust VIX anymore?

[Me XMan]

Got a chunk of shorts back 122.80

[waverider]

GM, Ho Ho Ho, you got to believe right on 5 dma resistance, this makes you go hmmmmmm.....

lol, slightly obought? Nice trade yesterday bb.

[Cobra]

testing the double bottom neckline. normally when the price travels this far then taken the resistance, I won't trust the breakout. well, again, NORMALLY.

[Cobra]

clearly SPY leads the charge, it's the only one index that made the higher high.

[BullBear52x]

If SPY managed to hold on above 122.5 Bulls mean business, see $NYUPV:$NYDNV, not that high, let see how the day play out, this need to be a little bit higher don't and if it held up tomorrow is the day to buy, I will not buy anything today.

[Me XMan]

Went in for the rest $123.05...now wait and see...

Got a chunk of shorts back 122.80

[cougar]

Today is OpEx for VIX.
Big time VIX volatility !

[Petsamo]

I sold my XOP too early at 50.23

[99er]

Honey?

SPX http://99ercharts.blogspot.com/2011/12/spx_20.html

The gondola's here.

[jarbo456]

AMZN options are really crappy. Anyone know when it might get it's mojo back from the loss in IV?

[Me XMan]

SPX 1225 should be the yellow line?

If SPY managed to hold on above 122.5 Bulls mean business, see $NYUPV:$NYDNV, not that high, let see how the day play out, this need to be a little bit higher don't and if it held up tomorrow is the day to buy, I will not buy anything today.

[edpypf]

Hello Cobra,

Is this the third push you mentioned day ago? the last push before it goes down?

the momentum seems strong.

Thanks

[BullBear52x]

GM, Ho Ho Ho, you got to believe right on 5 dma resistance, this makes you go hmmmmmm.....

lol, slightly obought? Nice trade yesterday bb.

$SPX over 2% gain I would said yes, a little over bought, day trade from here will be not much more up I would think, but power that be knows if they can not hold up here >122.5 all day, they will need more money (lots more) to push it up higher tomorrow if not tanking back down. we are still under 50/200dma, this makes it harder to stay up. let see I am like a kid in the candy store right now.

[Me XMan]

SPY needs a good spanking

clearly SPY leads the charge, it's the only one index that made the higher high.

[BullBear52x]

SPX 1225 should be the yellow line?

If SPY managed to hold on above 122.5 Bulls mean business, see $NYUPV:$NYDNV, not that high, let see how the day play out, this need to be a little bit higher don't and if it held up tomorrow is the day to buy, I will not buy anything today.

122.06 to be exact need to hold up all day today, I think it will, but if not you know which side I'll be in.

[99er]

Okay honey...

SPX http://99ercharts.blogspot.com/2011/12/spx_7173.html

Gravity.

[waverider]

GM, Ho Ho Ho, you got to believe right on 5 dma resistance, this makes you go hmmmmmm.....

lol, slightly obought? Nice trade yesterday bb.

$SPX over 2% gain I would said yes, a little over bought, day trade from here will be not much more up I would think, but power that be knows if they can not hold up here >122.5 all day, they will need more money (lots more) to push it up higher tomorrow if not tanking back down. we are still under 50/200dma, this makes it harder to stay up. let see I am like a kid in the candy store right now.

Agreed, very possible range day today IMO