10/07/2011 Intraday Watering

[rpccharts]

Dollar getting ready for next rip higher on Junk Euro Economy

[spuderik]

Daily Signs...

Bullish
---------
USD down
10 Yr prices down
Copper up

Bearish
---------
Russell underperforming
Financials underperforming

Hard to see how the market can finish red when you have those 3 lynchpin bullish signs; however, the Russell and Financials weakness is a tell-tale sign of an imminent reversal (within days).

[bushwaffle]

FYI..The low we just bounced off was the Pre-mkt low.Now watch

Bear flag

thinking 115ish?

[agnosia]

hey guys does anyone know if the markets are open monday? thanks

[janez]

Bears win.

[lqiantobe]

hey guys does anyone know if the markets are open monday? thanks

not open on US market

[jarbo456]

markets are open monday. it's a bond market holiday.

that as a crazy red bar. i was within cents of being stopped out.

[SB73]

fat finger?

[waverider]

Fitch downgrades Italy, outlook NEGATIVE THIS IS BIG! http://www.fxstreet.com/fundamental/mar ... 011/10/05/

[BullBear52x]

Risky Counter trend now is on, I will not over look the fact that the short term is up buy the dip is still in play. becarefull out there

I agree, 15 min 20MA still supporting SPX. I could see a drop below the 20MA, followed by another move up past 1174 to stop out a few shorts, before turning down for a few days. It seems like the 50 DMA 1178 is asking for a test, at least. Maybe a couple days above it?

the bearish sentiment was so high that's why we got this strong bounce, wait until everyone gets bullish the economy facts will play out, as for TA a trade above 120 spy will really mess up a longer term bearish view. people have short memory, now everyone talking we see the bottom when just two days ago when 1000 spx is like a given. I trade what I see so it is what it is.

[soku]

interesting fitch downgrade italy now.
volatility is coming in

[billow]

cannot trade today
anyway, here is the chart I draw two days ago
worked well so far

4 chars

[CH37]

P-bar ?

[Roadrunner]

phantom bar down to 1158 on 2 min prophet charts/TOS. there for a min and disappeared

phantom bar at 5 min to 115.85

[jarbo456]

MARKET HOLIDAYS: http://corporate.nyx.com/en/holidays-and-hours/nyse
BOND MARKET: http://www.sifma.org/services/holiday-schedule/

[BullBear52x]

FYI..The low we just bounced off was the Pre-mkt low.Now watch

Bear flag

thinking 115ish?

I would hope so or lower then that today.

[jarbo456]

no phantom bar. the market actually went down that low on the italy downgrade.

[Al_Dente]

Daily Signs...

Bullish
---------
USD down
10 Yr prices down
Copper up

Bearish
---------
Russell underperforming
Financials underperforming

Hard to see how the market can finish red when you have those 3 lynchpin bullish signs; however, the Russell and Financials weakness is a tell-tale sign of an imminent reversal (within days).

NICE, thanks

[Petsamo]

P-bar ?

Not a phantom bar. It's a real bar on the 1 min chart. Difficult to say if this thing will drop.

[KENA]

hey guys does anyone know if the markets are open monday? thanks

not open on US market

No i think mkt open..Bond mkt is closed.