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06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 9:05 am
by Cobra
Gap up above yesterday's high so chances are high that the gap won't be filled. My feeling though, wild-est-est-est-est feeling: don't hope much on the upside because NQ is lags a lot.
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Institutional actions from StockTiming. I see some institutional buying here that's really a good sign, just the liq is still in shrinking area, so not good enough news yet, but still good than bad. :lol:
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4.png (27.41 KiB) Viewed 17990 times

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 9:11 am
by 99er
Good Morning.

EURUSD
"Are we there yet?"
http://99ercharts.blogspot.com/2011/06/eurusd_21.html

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 9:12 am
by 99er

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 9:17 am
by jungle
99er wrote:ES
"Look...a Butterfly!"
http://99ercharts.blogspot.com/2011/06/es_21.html
looks down?

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 9:17 am
by feibingjia
Good Morning, Ban Zhang! :-)

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 9:19 am
by guelder_rose
GM, Cobra! Got it, today isn't a uptrend day!

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 9:20 am
by 90ufo
Good morning! and thanks!

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 9:23 am
by BBFinance
Good Morning Cobra,
What is the trend for FOMC days.

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 9:24 am
by cletus
Headlines:

*Today's cycle turns on the S&P are at 11:15 EST and 2:00 EST. I'll be looking for those times to spot a top to short
*The secondary swing higher in this primary swing higher terminates today
*Today and tomorrow are seasonally bearish the past few months during the S&P's range trade, with tomorrow being one of the worst performers
*Looking for a long opportunity in nat gas
*Oil is basing here but should generally rise in the coming weeks
*Cotton continues to perform

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 9:30 am
by Cobra
the open.

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 9:31 am
by feibingjia
Ban Zhang: SDS now is below $22.00, which is the current stop loss for CIS. You said that there might be one more drop, so I wonder if we can buy back SDS and more the stop loss back to 6/14 low ($21.62)…can we do this?

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 9:35 am
by Cobra
feibingjia wrote:Ban Zhang: SDS now is below $22.00, which is the current stop loss for CIS. You said that there might be one more drop, so I wonder if we can buy back SDS and more the stop loss back to 6/14 low ($21.62)…can we do this?
I've answered you in HT9. CIS not stopped out.

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 9:38 am
by Cobra
QQQ is weak, i don't think it's a good sign.

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 9:46 am
by oldpigwang
Cobra: is FAS also a leading indicator like QQQ?

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 9:46 am
by BullBear52x
GM,
ES is a sell able, see MACD ???

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 9:49 am
by feibingjia
Cobra wrote:
feibingjia wrote:Ban Zhang: SDS now is below $22.00, which is the current stop loss for CIS. You said that there might be one more drop, so I wonder if we can buy back SDS and more the stop loss back to 6/14 low ($21.62)…can we do this?
I've answered you in HT9. CIS not stopped out.

Got it! Thanks a lot!! :-)

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 9:55 am
by cletus
Today's trading psychology tip for today:

As a trader, you must be like a patient baseball hitter at the plate, waiting for the perfect pitch to come to you and not swinging at everything!

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 9:58 am
by soku
long now!

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 10:02 am
by cletus
****************
TRADE ALERT
****************

Sold USO Aug 39 calls at 1.12 for +10% profits in 2 sessions.

We like the oil trade long but should get another good entry in the coming days!

Re: 06/21/2011 Intraday Watering

Posted: Tue Jun 21, 2011 10:04 am
by BullBear52x
Are we there yet? watching patiently . this will be a last sell trade I will initiate for DT.