01/06/2012 Intraday Watering

[Al_Dente]

1 min internals
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[Petsamo]

The German DAX looks like it's at support on the daily

[stucap]

1 min internals
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

do we have any prayer at breaking support here or are we in bounce city?

[BullBear52x]

Bears pray that this time will break down /ES here. see RSI

[cougar]

SPY hit intraday support (127.3) and is now bouncing!
[...see Fast Renko chart in the morning]

[uempel]

Al, your charts are sooo useful - thanks!

[mac769]

I just wonder why VIX is REALLY low, also regarding a model, there seems to be zero fear in this market

so what is needed to change this?

[BullBear52x]

My internals still on sell, I can smell bull trap.

[Al_Dente]

Al, your charts are sooo useful - thanks!

Thanks Uempel.
Here internals 16 days
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =251963404


Amy also liked Sarah too (but not as much as she liked Dinah)
http://www.youtube.com/watch?v=NA9mxA9B ... re=related

[Xian]

Cobra,

Isn't consolidation around here good for bears? Or it more of a down then up NFP day?

Thanks!

[jarbo456]

going to be a hard day for bulls with the dollar making new highs every hour.

[grachu]

Cobra, PLease ONE TIME FAVOR ... for all of us with apple .. do you see a pullback coming up to 408 level. seems we are overbought

[Mr. BachNut]

1/2 Pilot Short on. Looking to reload other 1/2.
A little slow on the draw at the open otherwise would have been filled the reload.
Still seeing mixed technicals with bullish bias. This is still a contrarian, counter-trend trade.
I am a little encouraged as the opening day of the year high has yet to be beat.
The bulls should have run over that by now.
I think what the bears are lacking is a catalyst to trigger some liquidation.
There has not been any serious selling pressure for many days now.
That said, I do not like being against trend. Strength at the close today would not make me happy.
If Pilot Short does not start making money next week, he'll probably be fired.

[dcurban1]

Took a quick look at the Transports and Utilities this morning. We may get a selloff next week.

http://www.atruecontrarian.com/2012/01/ ... 2-dow.html

[BullBear52x]

Gap run that is about to run out of juice.

[kaiboliu]

Why when EURO down so much the pass several days and stock is not going down at all? Anybody know why?

[mac769]

going to be a hard day for bulls with the dollar making new highs every hour.

From October to end of December the correlation SPY to UUP was almost perfectly inverse (-1) and now it has more or less completely broken

Sooner or later eihter the Euro/USD or the SPY has to give way....

So there are 2 scenarios:

1) Euro rallye (looks like a low probability)
2) SPY failure (higer probability with neg divergence buiding)

[waverider]

Hmm, the /ES AUD/JPY spread is getting pretty wide.

[BullBear52x]

Why when EURO down so much the pass several days and stock is not going down at all? Anybody know why?

See DBV, we are just now give the sell on DBV. VIX need to pick up some speed here for bears.

[Petsamo]

Bulls don't seem interested