11/14/2011 Intraday Watering

[dcurban1]

gs saying long commodity. i am not sure about copper oil, but i believe gold will go to 2000
http://www.zerohedge.com/news/goldman-stay-long-gold

IMO gold and silver are the safest plays in this market.

Little downside risk and a lot of upside if everything spins out of control.

[Cobra]

nothing to say, people are very eager to buy any dip. I really don't understand why the market is so bullish. A strong bull, shouldn't have a morning down gap then sold off hard. Don't you feel that the push up is not as smooth as before?

[stucap]

cobra, i found this chart from yr blog roll. he is very bullish. how well do u know him? how is his tracking record?

http://pugsma.files.wordpress.com/2011/ ... -4-111.jpg

he's pretty good --- used to follow him when his site was free.....

[Al_Dente]

what is a gold inverse etf ? Dont want any ultrashort etf. I cannot short GLD in my IRA.

DGZ

I use DZZ, volume usually sucks until a BIG bear day gold, then monster DZZ volume

[zhyuan04]

this kind of strong push down should be at least 2 legged. But i know most of you don't believe 2 bear leg anymore, so let's wait.

Hi Cobra. In fact, you are right. Nowadays, whenever you say that "this kind of strong push down should be at least 2 legged", I am actually thinking that we do not need 2-leg down and bulls will drive it higher immediately. Am I trained well by MM already?

[soku]

nothing to say, people are very eager to buy any dip. I really don't understand why the market is so bullish. A strong bull, shouldn't have a morning down gap then sold off hard. Don't you feel that the push up is not as smooth as before?

10:00 philly data slightly better, or i shd say not too bad. bulls are defending using es 1252 friday low.

[stucap]

nothing to say, people are very eager to buy any dip. I really don't understand why the market is so bullish. A strong bull, shouldn't have a morning down gap then sold off hard. Don't you feel that the push up is not as smooth as before?

Euro/USD is at daily support and so is the ES --- in other words --- bulls are licking their lips at dual support....

[pady]

what is a gold inverse etf ? Dont want any ultrashort etf. I cannot short GLD in my IRA.

DGZ

Thanks. Shorted gold.

[99er]

Honey?
SPX http://99ercharts.blogspot.com/2011/11/spx_4458.html

Do all roads lead to Rome?

[pady]

cobra - any way to avoid having to press "Submit" multiple times when posting because new posts come in all the time ? Like a "Force Submit".

[KENA]

nothing to say, people are very eager to buy any dip. I really don't understand why the market is so bullish. A strong bull, shouldn't have a morning down gap then sold off hard. Don't you feel that the push up is not as smooth as before?

To many cheerleaders out there telling people to but dips and that everything is ok.I feel both bears and bull are week..Looks like we play around sidways in the triangle until the mkt breaks out one way or the other.This time of year a good bet would be on the up side. $ up a little so maybe we sit here for a bit. Lets see.

[99er]

So honey...Hawaii instead?

http://www.rawstory.com/rs/2011/11/13/h ... cupy-song/

What, Occupy APEC?

[dcurban1]

The real problem I have with the upside argument is that EVERYONE is on that side of the trade. All you hear of are stories about the year end rally, bullish period of the year, election years are always bullish.

To me there are too many people on one side of the trade.

[soku]

Main China Daily Xinhua Pens Epic Anti-US Tirade, Bashes America As Source Of All Global Financial Ills

http://www.zerohedge.com/news/xinhua-pe ... ncial-ills

so i guess china does not like obama. will this affect his reelection?

[KENA]

The real problem I have with the upside argument is that EVERYONE is on that side of the trade. All you hear of are stories about the year end rally, bullish period of the year, election years are always bullish.

To me there are too many people on one side of the trade.

That also is a good point.

[Al_Dente]

Internals: nydec regained >2000
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[Al_Dente]

So honey...Hawaii instead?
http://www.rawstory.com/rs/2011/11/13/h ... cupy-song/
What, Occupy APEC?

Wow, do you have a hula dancers link handy to back that up?

[soku]

anybody still pay attention to the healthcare thing? any impact to healthcare stocks?

[Al_Dente]

http://www.youtube.com/watch?v=kp5HCDGJsvM

[gabor]

The real problem I have with the upside argument is that EVERYONE is on that side of the trade. All you hear of are stories about the year end rally, bullish period of the year, election years are always bullish.

To me there are too many people on one side of the trade.

That also is a good point.

reelection years were bullish. When the president changed it was bearish.