02/03/2012 Intraday Watering

[3DM]

im glad Swalch posted about 5 minute charts displaying as 1 day charts on Stockcharts.com. im not suggesting these get posted differently, just some humor since thats all i got for you. you should see how those one minute charts look as one day charts. i thought, boy that al_dente is into some freaky TA, and oh no not another one of those charts - i have no idea what im seeing here.

[cougar]

If SPY will consolidate above 134, the MM notations will shift to a higher octave = bullish!

Thanks Cougar, do you think it's a possible blow off top today?

Yes, but I am waiting for another hint...

[L_T]

GMA,
As soon as we see weakness confirmed for SPX, coulb be a good idea to short CL...
My target still the same : 94 area !
GLTA

Agreed especially with the "as soon as we see weakness for SPX" part. For non-futures people like myself would look to short USO or UCO back to support at 36 for both. UCO is below it's 200 EMA while USO isn't so maybe UCO would be a better candidate.

[SWalsh]

GOOD MORNING EMPLOYMENT WATCHERS (other than the NFP beat)
Here is a curiousity from yesterday: Kelly Services (KELYA) reported eps beat: 64 cents vs estimate of 42 cents.
Their eps 60% above the same quarter a year ago.
Their conference call (podcast at kellyservices.com) was very upbeat and positive……….
Then yest the stock tanked -17.7%
http://stockcharts.com/h-sc/ui?s=KELYA& ... =256049690

The real (dire) numbers in the employment report at ZeroHedge:

http://tinyurl.com/84b8sc5

[johnnywa]

There going to try to bust thru May 11 high 12876 before we move down.Monday at the latest.

[Cobra]

a little overshot here, so hopefully a pullback of some kind.

[L_T]

Anyone still in TVIX? My condolences.

I'm trying to come up with a joke about what TVIX and UNG have in common but it's not going so well. However UNG finally looks like it MIGHT be bottoming.

[cougar]

If SPY will consolidate above 134, the MM notations will shift to a higher octave = bullish!

Thanks Cougar, do you think it's a possible blow off top today?

Yes, but I am waiting for another hint...

If they drop under 133.33...that could be a good one!

[xfradnex]

GOOD MORNING EMPLOYMENT WATCHERS (other than the NFP beat)
Here is a curiousity from yesterday: Kelly Services (KELYA) reported eps beat: 64 cents vs estimate of 42 cents.
Their eps 60% above the same quarter a year ago.
Their conference call (podcast at kellyservices.com) was very upbeat and positive……….
Then yest the stock tanked -17.7%
http://stockcharts.com/h-sc/ui?s=KELYA& ... =256049690

kelly made money on a tax break but revenue growth slowed. from scottrade.

[BullBear52x]

The only good word for bears, DBV is now fulfilled the Neg D. I know something was missing yesterday.

[alphahorn]

bull or bear count? either way this wave appears to be on its last leg. Interestingly the DOW also has a bearish wedge developing, but the DOW's points to a true double top (slightly higher high) with negative divergence

[Al_Dente]

1min
nyadv > 2300 qualifies as a “bull trend” day, but must hold >2000
Check your TRIN, 1.13 (above 1 = volume is flowing into declining stocks)

http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427

Koolblue, very kool chart, very kool

THANKS Wavydude I LUV philip glass, nobody even knows who he is !!
What’s also interesting re KELYA, I’ve only posted two employment co charts on board (other was RHI), two little/medium size U.S. employment companies, BOTH are global in a big way, both in dozens of countries, KELYA just bot a firm in Brazil, etc, etc….GLOBAL….

Thanks jarbo, yes but still doesn’t help me 4 what I want
Eg: I have a dozen+ tabs on one layout, comparison charts, then 5 min, 30 min, 60 min, daily etc etc…
when I “save indicators” then “apply” them
it changes ALL TABS (even the ones I’ve “locked”) to the “saved” indicators which doesn’t work 4 me,
as I use different lines on 5min , 30, 60, etc, and IT CHANGES THEM ALL TO THE SAME LINES ON ALL !!!
…. no good 4 me yet…..still searching

[usctrojan99]

GOOD MORNING EMPLOYMENT WATCHERS (other than the NFP beat)
Here is a curiousity from yesterday: Kelly Services (KELYA) reported eps beat: 64 cents vs estimate of 42 cents.
Their eps 60% above the same quarter a year ago.
Their conference call (podcast at kellyservices.com) was very upbeat and positive……….
Then yest the stock tanked -17.7%
http://stockcharts.com/h-sc/ui?s=KELYA& ... =256049690

The real (dire) numbers in the employment report at ZeroHedge:

http://tinyurl.com/84b8sc5

Though I agree the reported employment numbers might not tell the full picture, the market wants another reason to move up and it has. Whether or not we have an even greater collapse remains to be seen but the trend is strong.

[Al_Dente]

BAC leads dow again today, currently 5min squeeze sticks

Thanks xfradnex, nice to see u back in town

[quatzl]

Paging uempel.

The ellipses tell me there is a signal at ~10:30 (SPY). I am a new disciple of the ellipse. Do you see that?

[BullBear52x]

I think they know I shorted this one ouch! gap up pass both critical fan line, a little more room to the up side if that's where they have in mind.

[Cobra]

still overshot. wait.

[L_T]

USO and UCO looking weaker.

[THAT GUY]

Cobra's target met.

[L_T]

USO and UCO looking weaker.

Well they were for a moment