01/05/2012 Intraday Watering

[ClarkW]

While SPY -0.58% today, $BKX quietly +0.27% and appears to be starting 2nd leg up today imo

[Al_Dente]

5 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =251963404

[stucap]

While SPY -0.58% today, $BKX quietly +0.27% and appears to be starting 2nd leg up today imo

eur/usd off over 1%......

[waverider]

The sell-off in spy retracted exactly 50% from yhod, not uncommon. Double top with the open, looks neutral intraday.

this is second test on the 5 dma, very important on my study. many internal telling me it's a sell-rally going forward.

Thanks for the tip, never tried that one before. I'm sure it's useful if you say it is.

[BullBear52x]

While SPY -0.58% today, $BKX quietly +0.27% and appears to be starting 2nd leg up today imo

I am shorting FAS, so long I still get LL I wouldn't bet anything will change soon, without financial help today SPX would have been with RUT/IWM already.

[The Hook]

Hi Cobra

Does HD look like three push?

Many thanks

[99er]

Update

SPX http://99ercharts.blogspot.com/2012/01/spx_47.html

Anyone care to go cliff diving?

[stucap]

Update

SPX http://99ercharts.blogspot.com/2012/01/spx_47.html

Anyone care to go cliff diving?

i'll settle for a little skiing.

[stucap]

is this a triangle? if so...bias?

[Cobra]

nothing to say. I see triangle here, so let's wait for the breakout.

[Al_Dente]

Looking at sp, they are made up of a lot of financials, which are holding up compared to Euro banks, Credit Suisse, Deutsche Bank and Banco Santander all down 6-7% today, and have all broken their triangle support, while US Banks have held up, wonder if that is a sign of things to come, thinking of some FAZ...

http://stockcharts.com/h-sc/ui?s=$BKX&p ... =252469497

[noob]

nothing to say. I see triangle here, so let's wait for the breakout.

Thanks, you usually give out a more likely direction, completely no idea this time?

[stucap]

nothing to say. I see triangle here, so let's wait for the breakout.

eur/usd making new lows.....hopefully we start skiing.....or not.........BUY SIGNAL!

[jarbo456]

/dx just popped...but AUD/JPY looks like textbook C&H and ready to pop with target around 79.60.

this would be a great trade right here, stop at 78.90'ish.

[noob]

nothing to say. I see triangle here, so let's wait for the breakout.

Thanks, you usually give out a more likely direction, completely no idea this time?

I think my question is answered by Mr Market.

[tdo722]

While SPY -0.58% today, $BKX quietly +0.27% and appears to be starting 2nd leg up today imo

I am shorting FAS, so long I still get LL I wouldn't bet anything will change soon, without financial help today SPX would have been with RUT/IWM already.

Follow the money.

[Al_Dente]

Three greens on my index board: $SOX, $BKX, CHINA $HXC
Tick beeping high on day
NYDEC is under <2000 again

[ClarkW]

$BKX at HoD

While SPY -0.58% today, $BKX quietly +0.27% and appears to be starting 2nd leg up today imo

I am shorting FAS, so long I still get LL I wouldn't bet anything will change soon, without financial help today SPX would have been with RUT/IWM already.

Follow the money.

[SB73]

Wow bears can't get any traction...doesn't look healthy to me, but took a loss and will sit on the sideline.

[waverider]

Three greens on my index board: $SOX, $BKX, CHINA $HXC
Tick beeping high on day
NYDEC is under <2000 again

Thanks Al, big short interest here? http://online.wsj.com/mdc/public/page/2 ... 022#shortB