01/06/2012 Intraday Watering

[Al_Dente]

1 min internals
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

do we have any prayer at breaking support here or are we in bounce city?

Hi stucap
we’re in divergence city again
got a 1 mil volume block
tick went positive
VIX is trying to go bull, but not confirmed (need lower low)
nydec weak at >1500 needs to get stronger for bears

never know when short covering will stop
at the moment, it’s a flag, strong or weak performance at VWAP will tell

http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[FinancePhD]

Guys, the market feels no fear, because most likely Smart Money has already learned the timing and size of the incoming QE3 and European QE. The rest of their job is simply to absorb cheap chips from retail investors like us...

Cheap EURO could be used as a funding tool to chase high return from US equities from now on. The divergence of EURUSD and US equities shall begin. Let's see.

[SB73]

Is this just a backtest of the broken support. No red candles allowed.

[jarbo456]

good place to buy crude with a tight stop for a week or so trade. add more on a higher high above 103.74.

[lqiantobe]

Corba~ it seems it will open low, close high today, what do you think?

[Cobra]

resistance. I still don't believe for the 3rd time we have sharp intraday reversal.

[Me XMan]

Is that why SPX is decoupled from EUR/USD?

Guys, the market feels no fear, because most likely Smart Money has already learned the timing and size of the incoming QE3 and European QE. The rest of their job is simply to absorb cheap chips from retail investors like us...

Cheap EURO could be used as a funding tool to chase high return from US equities from now on. The divergence of EURUSD and US equities shall begin. Let's see.

[stucap]

Why when EURO down so much the pass several days and stock is not going down at all? Anybody know why?

equity = dumb money. at some point, things will correct.

[FinancePhD]

Is that why SPX is decoupled from EUR/USD?

Guys, the market feels no fear, because most likely Smart Money has already learned the timing and size of the incoming QE3 and European QE. The rest of their job is simply to absorb cheap chips from retail investors like us...

Cheap EURO could be used as a funding tool to chase high return from US equities from now on. The divergence of EURUSD and US equities shall begin. Let's see.

Yes, highly likely!

[jarbo456]

looks strong. add to longs on a pullback.

[Cobra]

Corba~ it seems it will open low, close high today, what do you think?

come on, we had a gap up today. it's just 60 min, you already forgot that we had a gap up?

[ClarkW]

$BKX making a surge, remember yesterday it did so PRIOR to the market

[lqiantobe]

Corba~ it seems it will open low, close high today, what do you think?

come on, we had a gap up today. it's just 60 min, you already forgot that we had a gap up?

hmmm,,,right

[lqiantobe]

Corba~ it seems it will open low, close high today, what do you think?

come on, we had a gap up today. it's just 60 min, you already forgot that we had a gap up?

what I want to say is, you think it's bull trap or intraday reverse again?

[Cobra]

Cobra, PLease ONE TIME FAVOR ... for all of us with apple .. do you see a pullback coming up to 408 level. seems we are overbought

hard to say now. AAPL is at a very subtle position. we need wait and see.

the bottom line, cannot breakout the previous all time high decisively then it's clearly 3 push up, we might finally see AAPL topped.

[BullBear52x]

I am shorting SSO here. very comfortable. now on my daytrade account evil side on EDC, FAS, TNA, SSO. let see how my day will end

[Cobra]

Corba~ it seems it will open low, close high today, what do you think?

come on, we had a gap up today. it's just 60 min, you already forgot that we had a gap up?

what I want to say is, you think it's bull trap or intraday reverse again?

I said I didn't expect the sell off would be reversed again sharply for the 3rd time. But apparently so far I'm wrong it seems.

[FinancePhD]

Why when EURO down so much the pass several days and stock is not going down at all? Anybody know why?

equity = dumb money. at some point, things will correct.

Dude, don't let big money cheat on you. The mainstream writers arguing bond market are smarter than equity market are just releasing smokes, when smart money are absorbing cheap chips.

Let me point some evidences for you:

1. Bunch of big sharks are accumulating MBS from Dec, 2011;

2. After shaking down some undetermined players, GOLD started to climb again;

3. The rally of BAC up to $6.35 yesterday and maintained $6.22 so far told us most chips between $5-$6 are already absorbed by big moneys.

[gabor]

Why when EURO down so much the pass several days and stock is not going down at all? Anybody know why?

See DBV, we are just now give the sell on DBV. VIX need to pick up some speed here for bears.

I think EURUSD and SPX negativ correlation is a ongoing bubble and I suspect that hedge funds are blowing it. Selling EURO and buying SPX. I noticed several minute bars when SPX was straight up EURUSD straight down. Since USD strengthening and equity strengthening at the same time is an eco nonsence, the tension will break the trend of one or the other. This is a gradual overvaluation of equities even if the nominal prices remain the same.

[grachu]

thank you Cobra. earnings are the 24. ...