09/28/2011 Intraday Watering

[hutongerchuanzi]

get well soon, we need a healthy cobra!

[Cobra]

key time, testing the overnight low and also yesterday's low, as I said in today's opening statement, breakdown would be 1-2-3 trend change therefore no good for bulls. let's see.

[KENA]

Soku..An add to your posts..It is important to watch the CRB index now around 310 and lots fo talk about it falling well under 290/250 in the near time. The mkt should also follow..I know you all ready know this but its a little slow this morning so I had to say something.

[Cobra]

noticed, although SPY itself still holds, but its equal weighted brother RSP had already a breakdown, usually RSP leads, so this is not good, especially if SPY simply consolidates here.

[Al_Dente]

Here’s an update on the $TED spread and $LIBOR i posted a few weeks back.
TED moves like a glacier, so doesn’t need frequent posts.
They did a fine job last year describing the zenith and nadir of the correction.
Now both are still whispering for lower SPX

This is just my take on it; I have a feeling Mr. Bachnut has a better chart but I may have missed it.
http://stockcharts.com/h-sc/ui?s=$LIBOR ... =243566426

[cougar]

SLV at support:

[davros]

bonds are strangely very weak, very close to major breakdown

[Richarab]

After cashing in my TVIX positions from last Thursday, I've been sitting in cash waiting... side-stepped this most recent run up altogether.

I'm back in with freshly loaded TVIX positions.

We have approached the 80 week SMA once more, and that has been beating down the S&P everytime we make it back to its vicinity.

Now, time to wait and see what happens here.

Get better Cobra. Think I'm coming down with a cold as well.

nice work on the TVIX.

[soku]

watch for 1162.25 the equ point. i am expecting a good trading market ahead.

did u go long? i scalped a tiny position for my lunch money.

[uempel]

This chart offers a better oversight:

[KENA]

This chart offers a better oversight:

SPX7.png

Nice chart Uempel

[soku]

testing 1162-1163 1 more time. if cannot hold, es will go to low 1150s.

[silicon_beaver]

FAS looks a little weaker than SPY. FAS keeps hit low of today. SPY is still holding.

[jarbo456]

i hope we're not creating another quick double bottom on SPY. they seem to be occurring often these days. we need a decisive break right now.

[ultramarine]

Added to gold short position and bought some TZA as hourly chart indicators appear to be weakening. e.g. GLD stochastics have fallen below 80 line on 60 min chart. I hope to hold for a few days at least.

[Cobra]

as I said, consolidation here is bad, so more likely we'll see a breakdown...

[uempel]

This chart offers a better oversight:

The attachment SPX7.png is no longer available

Nice chart Uempel

Thanks Kena, but yesterday this chart might have cost me dearly. I'm glad we were away for half an hour, I did not buy the bull-trap

[davros]

long bond looks like dead meat, should be bullish stocks... eventually

[BullBear52x]

descending Triangle.

[ultramarine]

long bond looks like dead meat, should be bullish stocks... eventually

TLT breaking yesterday's lows. It seems to want to test support in the rising trend line at 115.50. Hard to square this with current weakness in stocks. Agree it should be bullish for stocks in short term. But it may not translate into much upside since it is so close to support.