03/09/2011 Intraday Watering

[TheGift]

@ Uempel

I would bet all my money it's just organized as he will become the new buyer in place of the FED...You know they are all on the phone 24/7 to make sure things go as planned.....We are all trying to get to same goal...Although it may seem like world ending with his 1 fund all cash but be sure that our Global Government didn't just spend $40 trillion to let $105+ oil waste all that money.

[KENA]

SPXBreakout.png

So much going on now. I'm looking at the dollar and at crude. And did you hear that Pimco is getting out of government bonds? I'm not yet sure what the implications are. Difficult to trade now. I'm waiting for a breakout to either 1336 or 1288.

yeap, I'm waiting too. No clear trend.

Yes...I agree,if we can break 1325/1327 area we could see a good test of the highs. Likewise I'm also waiting.

[BullBear52x]

SPider Bull flag?

[Me XMan]

If ES not breaking down below 1317 then buckle up for blast off.

SPider Bull flag?

[wave]

$TNX MACD daily graph shows a big ND. It maybe not a good sign for stock market.

Yield sharply down, what's going on? Something wrong with POMO?

[brownstein00]

bill gross spooked the market

[Rezito]

Hi everyone,
I'm new to this blog. Thank you all for the comments and the charts.

Did Gross make any mention as to why he's getting out of the US government bonds? I mean other than the ballooning debt levels

[Cobra]

Careful, breakdown would be bad as it's a failed Double Bottom while breakdown it's then a Double Top.

[BullBear52x]

put my bear cap on again, buying FAZ now.

[BullBear52x]

yep, bears are roaming again, let see how much I can pull out of FAZ till close here.

[simpletrader]

aapl is so weak today. 5min chart looks like it is going to break down again.

[BullBear52x]

Spide 1h RSI < 50 now, if MACD hist.< 0. I am holding bearish position over night. GL all.

[Mr. BachNut]

My VIX intraday 1 minute chart looks weird. Numerous sudden drops of 40-50 basis points then back to trading level. Any ideas? Makes me feel like a big algo may show up soon.

[brownstein00]

the bill gross story is on zerohedge.com

[uempel]

Did Gross make any mention as to why he's getting out of the US government bonds? I mean other than the ballooning debt levels

Doesn't make sense to be in a non risky low return asset if it's high risk...

[Rezito]

Bought tck.b.to April 50 puts. It looks like it has broken down from support of $51.30-51.50 range.

QQQQ showing a declining triangle on the 30 min so I'm inclined on the short side, unless $56.75 holds again.

[BullBear52x]

My VIX intraday 1 minute chart looks weird. Numerous sudden drops of 40-50 basis points then back to trading level. Any ideas? Makes me feel like a big algo may show up soon.

Love VIX, you are right VIX goes nuts today but it's positive now at this moment.

[Cobra]

Too bad, false breakout, bears are running for cover.

[Cobra]

The bigger picture, by the way, still Triangle, no direction.

[Cobra]

Channel or if you want to call it bull flag, I just feel that the flag, if indeed, is just too large.