08/09/2012 Live Update

[fehro]

break the lower red trendline.. watch out for a fast move down to pink trendline? 1390ish?

[BullBear52x]

The QQQs were leading the charge; not so strong today [see cobra’s overnight report for more]
This is RELATIVE STRENGTH, not the straight indices

The attachment 89qqq.png is no longer available

today

[Mr. BachNut]

Short.
I am putting on a short into the ongoing rise.
This is a counter trend trade based on an ARMs Sell Warning. Basically the TRIN has been too low for too long with the rally being powered by too few stocks.
All my trend signals remain bullish.
This setup looks to capture a correction sometime over the next week. The timing is loose as the market could rise a bit more in the next days, but it should be moderate unless the setup is going to fail.
I would have waited for the close, but sometimes the market turns (if it turns) after the 1pm treasury auction.

THANK U FOR POSTING THAT mr bnut
I do see that your TRIN daily MA just hit the sell line
That has not happened since MARCH !!!!!

We'll see if it works...

[EvilTrader]

At current levels, If SPY turns negative intraday , can attract a bunch of fresh bears and rollover. Hey its not cheering, but a market feature

Bulls take care

Look at the bear move...just getting started...


Never doubt the mighty EvilTrader...ME !!!

[Mr. BachNut]

Double bottom in TLT?

[Cobra]

biggest bar plus volume surge, so hopefully a rebound here. then we'll see.

[Al_Dente]

Short.
I am putting on a short into the ongoing rise.
This is a counter trend trade based on an ARMs Sell Warning. Basically the TRIN has been too low for too long with the rally being powered by too few stocks.
All my trend signals remain bullish.
This setup looks to capture a correction sometime over the next week. The timing is loose as the market could rise a bit more in the next days, but it should be moderate unless the setup is going to fail.
I would have waited for the close, but sometimes the market turns (if it turns) after the 1pm treasury auction.

THANK U FOR POSTING THAT mr bnut
I do see that your TRIN daily MA just hit the sell line
That has not happened since MARCH !!!!!

We'll see if it works...

U may or may not recall I stole that one from u in march, pardon, “borrowed”
ps WOW WOW on that BIG red bar right now, oy

[Cobra]

ascending triangle still valid but I won't hope much now.

[Al_Dente]

The QQQs were leading the charge; not so strong today [see cobra’s overnight report for more]
This is RELATIVE STRENGTH, not the straight indices

89qqq.png

today

i can't see your time frame.......how many days......... 60min????

[CH37]

something is weird today ...
I still hold me trapped Sept 138put ...

[BullBear52x]

The QQQs were leading the charge; not so strong today [see cobra’s overnight report for more]
This is RELATIVE STRENGTH, not the straight indices

The attachment 89qqq.png is no longer available

today

i can't see your time frame.......how many days......... 60min????

60 here is 5min.

[EvilTrader]

You guys see the support downtrend line ?

Bulls better hope not broken for good.

Otherwise its bear show today.

[BullBear52x]

SPY 140.15 is the last stand for bulls intraday.

[EFA]

something is weird today ...
I still hold me trapped Sept 138put ...

Do not feel alone, I have Sept. 140 Puts. Hang in there until SPY gets to $139ish! Looks like husband may be right after all

[BullBear52x]

I am buying here.

[Petsamo]

Don't anyone tell UAL what direction down is

[CH37]

something is weird today ...
I still hold me trapped Sept 138put ...

Do not feel alone, I have Sept. 140 Puts. Hang in there until SPY gets to $139ish! Looks like husband may be right after all

as shortie, lonely = lovely,
both you and yours are shorting market ?

[BullBear52x]

Wow to da bears, they turns from buy the dip to sell the rip within a day, this is something new. well, I hope make something from last buy before the next sell. evil evil

[Mr. BachNut]

Short.
I am putting on a short into the ongoing rise.
This is a counter trend trade based on an ARMs Sell Warning. Basically the TRIN has been too low for too long with the rally being powered by too few stocks.
All my trend signals remain bullish.
This setup looks to capture a correction sometime over the next week. The timing is loose as the market could rise a bit more in the next days, but it should be moderate unless the setup is going to fail.
I would have waited for the close, but sometimes the market turns (if it turns) after the 1pm treasury auction.

THANK U FOR POSTING THAT mr bnut
I do see that your TRIN daily MA just hit the sell line
That has not happened since MARCH !!!!!

We'll see if it works...

U may or may not recall I stole that one from u in march, pardon, “borrowed”
ps WOW WOW on that BIG red bar right now, oy

Borrow, steal, whatever works. I think credit goes to the late Terry Laundry for this one.

[Cobra]

support, failed to hold here then yesterday's low will be the next support.