10/28/2011 Intraday Watering

[waverider]

anyone have any thoughts on the Ted Spread staying elevated during this rally. Typically this should fall during healthy rallies. Correct?

Yes, to have a sustainable, continuous rally, TED should fall as equities rise. Obviously both can rise at the same time. $LIBOR3 is another one to watch (put it behind the price along with $TED.

Interesting ZH article: http://www.zerohedge.com/news/did-prima ... uity-rally

"Today sees the low volume equity range holding up as 2s10s30s starts to get bought again (for carry) suggesting equities have some downside risk here."

[uempel]

SPX
http://99ercharts.blogspot.com/2011/10/spx_139.html

Channel?

99, look at histo below.

[1der]

Anyone know of a trading vehicle for 3 or 6 moth LIBOR? I am trying to figure a way of hedging my adjustable rate mortgage somehow since I cannot refinance it into a fixed. TIA

[uempel]

Boring day, boring chart:

[tdo722]

positive divergence on 5min, need confirmation still.

RSI already confirmed positive divergence but macd has not, weird.

[Al_Dente]

I could get a cavity waiting for something/anything to break here
So for the benefit of BB52x (who doesn’t know short from borscht), and for other newbies, here’s a cut/paste from my notes for the Short Sale 101 class.
Some of the best shorting/covering stories are found in ALL the 1920s/30s classic books. The old terminology was “short-against-the-box.” (Shorts have to “borrow” shares from someone long in order to accomplish a short sale). Old-time clerks in vintage visors and garter arm-bands would physically move the paper stock certificate from the owner’s (long) safe deposit box, and put the certificate in the borrower’s box (short seller’s safe deposit box), and then move it back again when the short-seller bought the stock back (“covered”), to return the borrowed shares to the owner …. day-by-day, an antique physical accounting system ….The terminology evolved to “short verses box” meaning the sale of borrowed stock, then “short v box,” today it is simply known as “short sale” or “sell-to-open”.

My favorite shorting story comes from the 19th century, when Nathan Rothschild was the big gorilla in the London Exchange. Those days his “high-tech indicators” were homing pigeons (I kid u not). Everyone knew about Rothschild’s early-alert-pigeon system (they would watch pigeons return to his estate on the hill), and all would pile-on whenever Rothschild “pigeon-traded.”
His most famous pigeon was the one that carried the earliest “news” of Napoleon’s defeat at Waterloo…very bullish for the market. Rothschild knew that all of his “peers” watched for pigeons, and he knew they would follow his trades, so he calmly went down to the exchange floor and started SHORTING everything in sight … causing quite a crash …. Rothschild then turned around, covered all his shorts, and started buying everything in sight, making a KILLING on the way down, and again on the way up.
History books confirm that his “news” indeed arrived a full day before the UK government knew of their own victory.

[incognitouser]

wow, cannot afford this anymore. what is inflation, this is inflation:

Bespoke doubled its subscription fee.

Bespoke Premium: Includes all of the reports that are currently part of the Bespoke Premium service -- Cost: $80/month or $750/year.

Bespoke Premium Plus: Includes all of the reports that are currently part of the Bespoke Premium service as well as access to our Interactive Databases and custom research analysis -- Cost: $1,250 biannually or $2,500/year.

We only need Cobra, no Bespoke.

Besoke's report has some value but $80 a month is way too expensive. I think the old $40 price was already expensive.

cobra bespoke says if you subscribe before they change prices you'll be grandfathered in (so you can keep the lower price even after they raise it), i'm thinking of signing up now just because of that

[stockcycle]

wow, cannot afford this anymore. what is inflation, this is inflation:

Bespoke doubled its subscription fee.

Bespoke Premium: Includes all of the reports that are currently part of the Bespoke Premium service -- Cost: $80/month or $750/year.

Bespoke Premium Plus: Includes all of the reports that are currently part of the Bespoke Premium service as well as access to our Interactive Databases and custom research analysis -- Cost: $1,250 biannually or $2,500/year.

Bespoke subscribers they don't know there is a Holy Land here.

[cougar]

I am now working on a tentative hedge for the weekend:
Long Banksters versus Short SPY.

I shall watch the action during the last hour of trading, to decide whether it’s a good idea or not…

[pady]

Each of this triangle arm is an a-b-c clearly. Two more of this - one down and one up will complete a-b-c-d-e. Then down to 1270.

[BullBear52x]

3rd time is a charm? I be Backkkkkkk, GLTA

[knock]

3rd time is a charm? I be Backkkkkkk, GLTA

wish it can reach there, and then bounce to HH.

[janez]

Short is still the game for me since I can't find any long set ups I like.

[hdenandy]

Thankyou for this post - very interesting.

I could get a cavity waiting for something/anything to break here
So for the benefit of BB52x (who doesn’t know short from borscht), and for other newbies, here’s a cut/paste from my notes for the Short Sale 101 class.
Some of the best shorting/covering stories are found in ALL the 1920s/30s classic books. The old terminology was “short-against-the-box.” (Shorts have to “borrow” shares from someone long in order to accomplish a short sale). Old-time clerks in vintage visors and garter arm-bands would physically move the paper stock certificate from the owner’s (long) safe deposit box, and put the certificate in the borrower’s box (short seller’s safe deposit box), and then move it back again when the short-seller bought the stock back (“covered”), to return the borrowed shares to the owner …. day-by-day, an antique physical accounting system ….The terminology evolved to “short verses box” meaning the sale of borrowed stock, then “short v box,” today it is simply known as “short sale” or “sell-to-open”.

My favorite shorting story comes from the 19th century, when Nathan Rothschild was the big gorilla in the London Exchange. Those days his “high-tech indicators” were homing pigeons (I kid u not). Everyone knew about Rothschild’s early-alert-pigeon system (they would watch pigeons return to his estate on the hill), and all would pile-on whenever Rothschild “pigeon-traded.”
His most famous pigeon was the one that carried the earliest “news” of Napoleon’s defeat at Waterloo…very bullish for the market. Rothschild knew that all of his “peers” watched for pigeons, and he knew they would follow his trades, so he calmly went down to the exchange floor and started SHORTING everything in sight … causing quite a crash …. Rothschild then turned around, covered all his shorts, and started buying everything in sight, making a KILLING on the way down, and again on the way up.
History books confirm that his “news” indeed arrived a full day before the UK government knew of their own victory.

[tdo722]

wish I see a setup like this everyday that I trade. easy money.

[janez]

I really doubt spy and qqq will be able to make a higher high today.

[janez]

wish I see a setup like this everyday that I trade. easy money.

[Roadrunner]

EUR/USD is going to breakout the bullish flag and we may dream the higher high.

SC - do you have a particular target for the breakout?

[janez]

wish I see a setup like this everyday that I trade. easy money.

I started recently too. what timeframe do you use?

[tdo722]

wish I see a setup like this everyday that I trade. easy money.

I started recently too. what timeframe do you use?

daytrading and scalping, 1min and 5min is best. but i like 1min because i'm a scalper today since it's a range day. not range day then i use 5min.