02/22/2012 Intraday Watering

[Cobra]

line to watch is the blue line below. so far bears are weak.

[BullBear52x]

IWM STO warning Ding ding.

[Cobra]

OK, I believe my plan has been 50% fulfilled.

[shumushu]

Here comes the next leg down. Let see how far bears can go.

[uempel]

Update:

[waverider]

crack spreads ripping higher

http://www.bloomberg.com/quote/CRK321M1:IND/chart

[Cobra]

maintain the other half of the plan. even this pullback makes a lower low.

[Petsamo]

If anyone wants to go long, CLF & WLT are beat up. But my unreliable spreadsheet, which has been reliable lately, is indicating a gap down tomorrow (we still have an hour & 15 min for this bearishness to turn around).

[shumushu]

The mighty apple index has a trendline break.

[TraderGirl]

Should we break below 1355, then there is a bigger cycle correction on the way, but I believe that level will hold for now...

[Cobra]

Update:

88.png

I agree. Even bears could make a lower low on this push down, still not much hopes for bears. Bears have to try another time, not today I guess.

[trendfollower]

Good basic educational article on options:

http://goo.gl/nZPuo

[Cobra]

not a good bar I'd like to see, seems more on the downside, but I'll give it more times.

[SB73]

My view of the sectors is that commodities and metals have the best chart setups. I see several good commodity setups, but am currently in UNG. On the metals front the miners have been a nice play, but the charts have me neutral right now. TVIX always has me interested, but I don't see a great setup yet for an explosive move. Equities look soft to me with greater risk than reward. Buying morning weakness after Europe closes has still been the best trade.

[BullBear52x]

Trend change for the 10th time?

[jarbo456]

gold really ripped today...aka in the past hour or two...

anyone have an opinion on this:

i'm looking at the SPX which is trading at 1359.97, pretty much the same as the october '06 levels before the blow-off top and subsequent crash.

/zb - 30 year us treasury futures are trading at 142'06, and back in october of '06 trading at about 110'50.

/zn - 10 year us treasury futures are trading at 131'00, and back in october of '06 trading at about 106'70.

TLT - 20 year treasury bond fund is trading at 116.35, and back in october of '06 at about 88.85.

**all these are pretty rough numbers for the purpose of just giving the idea...

there's currently a 22-30% premium on the bond price from where we stood 5.5 years ago, or basically what the current equity price is telling us we stand right now.

what is that indicating to us about the current or future market or is this simply a matter of the fed controlling the interest rate and that the "real" interest rate should be a minimum of 22-30% or some multiple therein higher...aka treasury yields, artificially low (we know), should simply be 22-30% higher?

[Cobra]

more down indeed, but maintain the plan, even it does make a lower low this time as long as it's not a decisive lower low.

[Cobra]

H2 long, not sure, but no harm to know the target if indeed.

[Buckethead]

gold really ripped today...aka in the past hour or two...

anyone have an opinion on this:

i'm looking at the SPX which is trading at 1359.97, pretty much the same as the october '06 levels before the blow-off top and subsequent crash.

/zb - 30 year us treasury futures are trading at 142'06, and back in october of '06 trading at about 110'50.

/zn - 10 year us treasury futures are trading at 131'00, and back in october of '06 trading at about 106'70.

TLT - 20 year treasury bond fund is trading at 116.35, and back in october of '06 at about 88.85.

**all these are pretty rough numbers for the purpose of just giving the idea...

there's currently a 22-30% premium on the bond price from where we stood 5.5 years ago, or basically what the current equity price is telling us we stand right now.

what is that indicating to us about the current or future market or is this simply a matter of the fed controlling the interest rate and that the "real" interest rate should be a minimum of 22-30% or some multiple therein higher...aka treasury yields, artificially low (we know), should simply be 22-30% higher?

central bank intervention never lasts long term. at some point, the imbalance shows it's head and most likely thru via massive inflation. something tells me, that's what the fed wants tho. controlled massive inflation.. on all asset classes. a double on the stock market would be a psychological boon to economy is their rationale.

[BullBear52x]

Thanks Cobra and everyone, GLTA

I am done today

TA Note: my crystal ball 135.13 SPY is floating