01/12/2012 Intraday Watering

[lqiantobe]

Corba~ Have you seen the sign YGE is going to breakout $5 resistence?

[TraderGirl]

Lately I am watching very closely the KBE etf which since the Dec 19 low is clearly outperforming SPX.

This sudden buying spree in the financial sector, has turned the EW pattern of KBE bullish.

I think it is a must to follow BAC

Below I have a potential count which is assuming that a wave (A) off the January 2011 could be completed. If this is the case then a wave (B) should at least reach the 0.382 retracement at 8.8742

The trend is up as long as last Tuesday´s gap at 6,27 is not closed

Great chart TWT, will keep this one on my radar..

[99er]

Update

SPX http://99ercharts.blogspot.com/2012/01/spx_5903.html

It's over.

[waverider]

Did somebody say VIX?

It's been a looooong week waiting for the VIX do go down but I think it will.

PS - does anyone know how to make these jpg files smaller for upload?

No thanks, still sitting here waiting for that trend line to break unfortunately.

[MrMiyagi]

Update

SPX http://99ercharts.blogspot.com/2012/01/spx_5903.html

It's over.

I think it will be over 130$ soon.

[Cobra]

Corba~ Have you seen the sign YGE is going to breakout $5 resistence?

looking good.

[CognitiveDissonance]

Did somebody say VIX?

It's been a looooong week waiting for the VIX do go down but I think it will.

PS - does anyone know how to make these jpg files smaller for upload?

use windows image viewer you can crop it there.

I'm using mac osx default screen shot, sorry , should have specified os

[stucap]

Update

SPX http://99ercharts.blogspot.com/2012/01/spx_5903.html

It's over.

I think it will be over 130$ soon.

HA!

[mac769]

Push it a bit more

The pushers try to achieve the breakout, put the harder they push, the harder the fall...

[Mr. BachNut]

Reading about the "terrible" 30 year auction today, I checked to see if the descending triangle was completing. Nope. TLT is above declining tops and today's low is above yesterdays.

[MrMiyagi]

Update

SPX http://99ercharts.blogspot.com/2012/01/spx_5903.html

It's over.

I think it will be over 130$ soon.

HA!

I see your HA! and raise you to HA!HA!

[Al_Dente]

PAGING Baron von PinkSheets
Only for you QQQ
http://stockcharts.com/h-sc/ui?s=QQQ&p= ... =253605194

You have to admit the nas tickq has a much more revealing structure than that nyse tick (on the one min, it’s not on this chart).
Check that trinq !! (1.00 is still a valid benchmark on trinq).

http://www.youtube.com/watch?v=QR4vE9xL3yk

[mac769]

I don't know if I want to start drinkin' the Kool-aid just yet. 2009/2010 we had massive amounts of QE involved, once it ran out the markets puttered out....now it depends on earnings, and so far it's 50/50 lot's of warnings, and so far every time we have hit a new resistance zone, we pulled back at least once. I see a new resistance around 1311-1312, I guess we will see what happens when we get there.... just my thoughts....

“The investment community is almost regarding quantitative easing as a free good and if it’s a free good, why not just do QE10,000,” said Sanders, a former head of mortgage-bond research at Deutsche Bank AG. “If rates start going up, somebody’s going to have to pay the tab, and you know who that is: John Q. Public.”

Buy some mortgage bonds or calls on BAC and you can sleep well until reality sets in

[Cobra]

I think the target has been reached.

[jarbo456]

i'm starting to wonder if there already is QE3...it's just not being publicized.

i know, i know...2010 was flush with QE2 cash...but this is starting to look a whole lot like Dec. 2010 - Feb. 2011. that would be scary for us bears...

[Rezito]

Iran delayed embargo. Crude selling off. So if crude leads the market, the top really is near.

Iran's production of oil is not very significant to the market. The news has more adverse affect than the oil IMO.
http://en.wikipedia.org/wiki/List_of_co ... production

Only 12% of iran's oil is bought by Europeans, led by Italy, Spain and france. it's not a big percentage of their overall oil production.

[Cobra]

again, close here, should be another breakout tomorrow morning.

[ClarkW]

Once again $DAX can't close above 50% Fib. Something has to give soon

[mac769]

PAGING Baron von PinkSheets
Only for you QQQ
http://stockcharts.com/h-sc/ui?s=QQQ&p= ... =253605194

You have to admit the nas tickq has a much more revealing structure than that nyse tick (on the one min, it’s not on this chart).
Check that trinq !! (1.00 is still a valid benchmark on trinq).

http://www.youtube.com/watch?v=QR4vE9xL3yk

because the nas is the "more manipulated" market

and the sheeple of the nyse follow like the lemmings

[ClarkW]

Is it more about Iran's threat to close the Straight IF the embargo was initiated? And how much that would disrupt the supply? I think it's more about Iran's reaction and less about European's demand for Iran oil. Just my opinion

Iran delayed embargo. Crude selling off. So if crude leads the market, the top really is near.

Iran's production of oil is not very significant to the market. The news has more adverse affect than the oil IMO.
http://en.wikipedia.org/wiki/List_of_co ... production

Only 12% of iran's oil is bought by Europeans, led by Italy, Spain and france. it's not a big percentage of their overall oil production.