06/29/2011 Intraday Watering

[PRI]

Someone yesterday wrote this: "I have been trading the RUT/IWM this week and practically EVERY indicator that I monitor says this thing
is due for a decent sell off imminently. Most likely a sell the news reaction. The things that I monitor have
a very high predictive value. I am a former options MM on the CBOE and have been using the same indicators
for years.
FWIW"

FWIW, my rebuttal. I track all the major indexes with my own proprietary system and the RUT went long TNA at $71.05. At the close yesterday it was up 11.02% in just a matter of days, and with this gap up this morning that will be closer to 15%. I'm gladly on the other side of that trade.

[lumeipro]

Shorted Qs. AAPL is weak.

[Cobra]

pay attention to aapl.

[PRI]

Someone yesterday wrote this: "I have been trading the RUT/IWM this week and practically EVERY indicator that I monitor says this thing
is due for a decent sell off imminently. Most likely a sell the news reaction. The things that I monitor have
a very high predictive value. I am a former options MM on the CBOE and have been using the same indicators
for years.
FWIW"

FWIW, my rebuttal. I track all the major indexes with my own proprietary system and the RUT went long TNA at $71.05. At the close yesterday it was up 11.02% in just a matter of days, and with this gap up this morning that will be closer to 15%. I'm gladly on the other side of that trade.

I replied on the first one, but it didn't post. Oh well...
Anyway it was I. I did not mention any trade as I have not entered one yet. Just what my proprietary indicators are showing.
IWM's gap up, which was much weaker than SPY, has already been filled and at the time of this post is unchanged despite
the performance of the rest of the market.

[cheech]

Even on a dip you must buy. The target simply has not been met.

At best we're in back-test mode which will lure in dumb money bears only to be blasted in the coming days by seasonality.

[lumeipro]

If AAPL is an early indicator of the market to follow, it ain't a pretty one, but I'd got to say the market wants to go higher.

[HK88]

Nice black bar on SPY 15 min, I think the gap will be filled, but what will happen next, that is more important. Forgot to mention, rejection right at the upper side of Cobra's bear flag..

[BBFinance]

Euro longs unwinding

[agnosia]

here are my supports for /es - i still have swing on as i see the 1313 50sma on the daily as a magnet.

S1-> 1288.25-1287.50
S2-> 1282.25-1281.75

[feibingjia]

Good morning, Ban Zhang!

[shumushu]

The $ADVN - $DECN is declining fast, we are gonna fill the gap

[Cobra]

nothing to say, let's watch.

channel and support.

[Mr. T]

Where's kissy boy? (Yoku/Soku)

He's good luck for me.

[agnosia]

nothing to say, let's watch.

channel and support.

hey cobra from last nights report u said this could still be a bear flag, did the break higher this morning negate that ?

[cougar]

Yes…Watching AAPL!
AAPL is more tricky than weak!

[shumushu]

Financials, the lagger of this market rally reached resistance at today's open. Does this suggest a short term top? The SPX has reached this upper resistance yesterday already.

[BullBear52x]

a trouble zone

[alphahorn]

Someone yesterday wrote this: "I have been trading the RUT/IWM this week and practically EVERY indicator that I monitor says this thing
is due for a decent sell off imminently. Most likely a sell the news reaction. The things that I monitor have
a very high predictive value. I am a former options MM on the CBOE and have been using the same indicators
for years.
FWIW"

FWIW, my rebuttal. I track all the major indexes with my own proprietary system and the RUT went long TNA at $71.05. At the close yesterday it was up 11.02% in just a matter of days, and with this gap up this morning that will be closer to 15%. I'm gladly on the other side of that trade.

I replied on the first one, but it didn't post. Oh well...
Anyway it was I. I did not mention any trade as I have not entered one yet. Just what my proprietary indicators are showing.
IWM's gap up, which was much weaker than SPY, has already been filled and at the time of this post is unchanged despite
the performance of the rest of the market.

THe RUT and Nasdaq are a bit ahead of the game. They've each already put in double bottoms making new lows below the SPX equivalent of 1249. the lack of confirmation of the SPX and DOW thus far appears to be a signal of a trend change. we'll see

[99er]

SPX 1216?
http://99ercharts.blogspot.com/2011/06/spx_29.html
What kind of tea are you smoking?

[BullBear52x]

I got sell signal on ES, early stage but it's a sell signs.