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04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:04 am
by Cobra
Flat open, any gap will be filled, the day could be a range day. OE day today, so I won't read much into it.
Institutional actions from stocktiming.
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:06 am
by wolftrader
gm
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:11 am
by Cobra
seems the other gangs don't support a huge up day today.
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:20 am
by 99er
Morning.
Hope today's more exciting than yesterday.
/ES update:
http://99ercharts.blogspot.com/2011/04/es_15.html
Another weekend in The Hamptons, anyone?
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:25 am
by 99er
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:29 am
by 99er
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:31 am
by BullBear52x
GM
The two views.
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:31 am
by Cobra
the open.
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:37 am
by Cobra
again, just don't forget, QQQ is weak.
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:39 am
by cletus
Turn date today and full moon next week kind of looking like a bottom but the trend is still down for the time being. The VIX never confirmed this downtrend so the bullish case is a bit easier to make. As for the IYR, could be a bear flag or an bullish inverted head & shoulders, but at this point, I can't see this as a valid bear flag unless today tanks, which doesn't seem to be happening so far. Volume very strong the past few days suggests probably some big buying.
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:40 am
by agnosia
hey guys - also bonds are up pretty big... in addition to QQQ's weak. range day?
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:41 am
by Cobra
both tlt and audjpy don't support the market to go up huge. guess bulls need a miracle today which they seem never lacking in those 2 years, so hard to say yet.
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:42 am
by 99er
SPX
Channel.
http://99ercharts.blogspot.com/2011/04/spx_15.html
"Let's just screw retail, leave early, and avoid rush hour on the Long Island Expressway."
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:44 am
by Cobra
oh, great, VIX keep crashing. I don't understand what's going on here.
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:45 am
by Cobra
VIX is again approaching years long support. Breakdown then goes to zero? Well, I really wish.
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:46 am
by cletus
Cobra wrote:oh, great, VIX keep crashing. I don't understand what's going on here.
It's the beauty of market manipulation. They crash the VIX during opex and lower the market at the same time to hurt all call and put options. The volume is so poor that they can do whatever they want at this point.
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:49 am
by Cobra
here again, is what I see, with NQ, TLT, AUDJPY going down and as mentioned a moment ago, VIX collapsing, how come ES so strong?
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:50 am
by cletus
Cobra wrote:here again, is what I see, with NQ, TLT, AUDJPY going down and as mentioned a moment ago, VIX collapsing, how come ES so strong?
Important sectors like IYR and XLF, reits and financials, are doing well today. Doesn't seem very bearish. I'm holding short positions but I don't see any reason to add to them here. Just need to see some more bearish confirmations.
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:51 am
by BullBear52x
Resistance at the old gap resistance still hold strong combined with 5dma.
DBV is strong, lots of liquidity, so...take what you can.
Re: 04/15/2011 Intraday Watering
Posted: Fri Apr 15, 2011 9:51 am
by agnosia
feels like a /es 1314 - 1306 range day. pivot battle is on right now @ 1310.50..