01/03/2012 Intraday Watering

[BullBear52x]

1). $DXY has a first daily red bar on the "%R-System" and shows a beginning of Stochastic Convergence.
However, it was firmly stopped at the Blue Support!

2). SPY has now a first support zone between 127.02 and 126.76

127.02-126.76 area, yes, my simple charting telling the same.

[99er]

Update

SPX http://99ercharts.blogspot.com/2012/01/spx_8522.html

MACD to cross soon.

[Tabby]

I'm not much into the WAVES but as some have indicated if this is the " E " wave then we are going to go dn now if the high here cannot cannot be broken.With that said the next wave could be dn.Lets see

I am not wavey person either. I think if we were in E wave, we should be in 4thwave formation ABCDE triangle and usually, E would throw in the direction of wave 3 formation, it means upward higher to finish 5th wave from we started.

[Al_Dente]

The “standard” definition of TRIN is above 1 = bearish (money flowing into declining stocks),
and TRIN below 1 = bullish (money flowing into advancing stocks)
“1” is the dotted red line in this chart:
http://stockcharts.com/h-sc/ui?s=$TRIN& ... listNum=15

You mean volume right? not money flow.
so that said the lower the better right? .3 yes,?

Yes, volume
This from stockcharts definition TRIN aka Arms Index:
Low readings, below 1, show relative strength in the AD Volume Ratio. High readings, above 1, show relative weakness in the AD Volume Ratio. In general, strong market advances are accompanied by relatively low TRIN readings because up volume overwhelms down volume to produce a relative high AD Volume Ratio. This is why the TRIN appears to move "inverse" to the market. A strong up day in the market usually pushes the Arms Index lower, while a strong down day pushes the Arms Index higher. Similarly, strong declines are usually accompanied by relatively high TRIN readings because down volume swamps up volume. Extreme readings in the AD Volume Ratio usually produce extreme TRIN readings

[TraderGirl]

Folks, how does RIMM look now? I got in @ $17.50 and wondering should I cut my losses or hold onto it? Thanks

I don't trade RIMM, but from an overall market perspective, a Jupiter Venus conjunction will have a pull on the market upward into March 14th, so that is why most astro/cycle followers are calling for a rally into this date. So if I were holding at a loss, that is when I would look to take profits. They announce earnings on March 29, so past actions show that the stock will get hacked on that date, unless all of a sudden things change, of course, any announcement could come out to affect the stock price negatively, but overall we have positive headwinds into March... just my opinion...

[BullBear52x]

The “standard” definition of TRIN is above 1 = bearish (money flowing into declining stocks),
and TRIN below 1 = bullish (money flowing into advancing stocks)
“1” is the dotted red line in this chart:
http://stockcharts.com/h-sc/ui?s=$TRIN& ... listNum=15

You mean volume right? not money flow.
so that said the lower the better right? .3 yes,?

Yes, volume
This from stockcharts definition TRIN aka Arms Index:
Low readings, below 1, show relative strength in the AD Volume Ratio. High readings, above 1, show relative weakness in the AD Volume Ratio. In general, strong market advances are accompanied by relatively low TRIN readings because up volume overwhelms down volume to produce a relative high AD Volume Ratio. This is why the TRIN appears to move "inverse" to the market. A strong up day in the market usually pushes the Arms Index lower, while a strong down day pushes the Arms Index higher. Similarly, strong declines are usually accompanied by relatively high TRIN readings because down volume swamps up volume. Extreme readings in the AD Volume Ratio usually produce extreme TRIN readings

Now you know why I am focusing on the low instead of the high, high 3 low .3 is the number I use, anything in between just the noise.

[BullTart]

VIX now above the open and climbing... meanwhile, SPX still hanging at +19 handles or so.

Not exactly confidence inspiring action for the bulls.

[BullTart]

We may have a situation w/Iran in Hormuz.

Nothing has to actually happen. All it takes is just escalating threats.

In that environment, you want to be short equities and long precious metals. Also long VIX. Obviously long oil as well.

I don't think this threat has been fully baked in yet, so some opportunities here.

[gabor]

[quote="Cobra"]Guys, I'm really sick today, can barely move, so will have no comments. You have a great day. Will have the daily report as scheduled, no matter what though.
quote]

Get better quickly! Vitamin C, lots of tea, nose drops!

Are you planning to make market outlook tonight?

[cougar]

Is silver trying to make a run to test the high?

Probably not right now...It has to rest. Maybe later...
ZSL:

[gabor]

Guys, I'm really sick today, can barely move, so will have no comments. You have a great day. Will have the daily report as scheduled, no matter what though.

Get better quickly! Vitamin C, lots of tea, nose drops!

Are you planning to make market outlook tonight?

Sorry I just read the message again the answer is in there.

[BullBear52x]

OK here is simple support/resistance lines

[Al_Dente]

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

http://www.youtube.com/watch?v=Iiu7-BGBV2A

[FinancePhD]

Guys, SPY = 126 is a strong resistance for the bulls. If we can close at above 126, it means more up in Jan until SPY approaches 131-135.

[Al_Dente]

PAGING BULLTART
What did u hear re Straight of Hormuz?
I had all news off, just turned it back on
thanks

[BullBear52x]

Under here is no no (<open)

[Al_Dente]

Is silver trying to make a run to test the high?

Probably not right now...It has to rest. Maybe later...ZSL:

rest shmest
That puppy (slv, agq) is trying to double top/new hi (intraday) at gap resistance

http://www.youtube.com/watch?v=iDXlgWoD ... re=related

[jarbo456]

Under here is no no (<open)

Back! Going to take a look at the options expiration probability chart on TOS. If I run into a snag, mind me sending you a PM about it?

/ES still looks like bullish consolidation to me...IMO.

[jarbo456]

Anyone have insight on VMW's intraday drop? Think that's the kind of intraday chart bears were hoping for on the general market...

Is VWM leading or simply trading it's own technicals...

[BullBear52x]

Looks like money is a little short today, can only sustain 30, 100, 500 indexes, not 2000