01/09/2012 Intraday Watering

[Vaamsy]

Cobra, what are your thoughts on gold ST, IT & LT. Thanks in advance.

[ClarkW]

Another black candle on SPY daily

[SB73]

Glad I made only one trade today otherwise would have been handing cash over to the broker. QQQ's look weak. Maybe a gap above this resistance will come tomorrow when the $DAX and $FTSE are up, but this is a very precarious spot right here either way and a lot of blood is on the battlefield.

[ClarkW]

$SOX +1.98% today, $BKX +1.15%

[Mr. BachNut]

alright, who's holding short overnight?

QQQ is super weak, Cougar hit it dead on friday. I am

Me too. I am tempted to take it off because I don't like what I am seeing at the moment, but I kind of want the bulls to stop me out and prove themselves. They have been rather limp so far during what is typically a favorable time of year.

[Cobra]

well, guess that's it for today. as I said, I'd be surprised that the market simply topped here without breakout first (the previous high has been tested so many times, should not hold). Thank you guys, I'll see you tomorrow.

[waverider]

Me too. I am tempted to take it off because I don't like what I am seeing at the moment, but I kind of want the bulls to stop me out and prove themselves. They have been rather limp so far during what is typically a favorable time of year.[/quote]

Yeah, check this link, QID is top bullish on the upper right, lol!

http://www.ise.com/WebForm/viewPage.aspx?categoryId=126

260k volume last buy QID, big spike

[cougar]

Me too. I am tempted to take it off because I don't like what I am seeing at the moment, but I kind of want the bulls to stop me out and prove themselves. They have been rather limp so far during what is typically a favorable time of year.

Yeah, check this link, QID is top bullish on the upper right, lol!

http://www.ise.com/WebForm/viewPage.aspx?categoryId=126

260k volume last buy QID, big spike[/quote]
SPY gets a lot of CPR, but is still confined to this tired octave:

[Al_Dente]

after hours market is reacting to AA bad earnings
I’m seeing trades between $9.17 ish and $9.75 ish, and SPY down

[millie]

why can't the market reverse then if not enuff momo to pop up pls?

[99er]

So honey...disco?

ES http://99ercharts.blogspot.com/2012/01/es_2358.html

"Get down tonight..."

Morning Update

ES http://99ercharts.blogspot.com/2012/01/es_10.html

A top.

[cougar]

Me too. I am tempted to take it off because I don't like what I am seeing at the moment, but I kind of want the bulls to stop me out and prove themselves. They have been rather limp so far during what is typically a favorable time of year.

Yeah, check this link, QID is top bullish on the upper right, lol!

http://www.ise.com/WebForm/viewPage.aspx?categoryId=126

260k volume last buy QID, big spike

SPY gets a lot of CPR, but is still confined to this tired octave:[/quote]
A clarification for our Canadian colleagues: CPR in this case is “cardio-pulmonary resuscitation” …and not “Canadian Pacific Railway”…

[waverider]

Haha, thanks for the update Al, Cougar, have a good one.

[xfradnex]

Copper (CU) formed a very strong nuetral wedge on past 4 months. It looks like it could break hard either way over the next few days. having issues posting image.

[TWT]

SPX: My preferred count calls for an Ending Diagonal wave (C)

[TWT]

XLE: An interesting Triangle break out could be in the cards

[TraderGirl]

USO: I am expecting more upside given the corrective look of the current pullback

Where have you been TWT? Do you have any thoughts on SLV/AGQ? Looking for a big move in the next day or two....

Wish I would have bot more AGQ yesterday....