02/03/2012 Intraday Watering

[TraderGirl]

I wish for some abandoned babies on Monday...Let's pray for that!!!

The last time I remember saying that was on July 7th 2011, and what do you know the next day abandoned babies everywhere....
Don't know if we will get it this time, but we can hope...

[Denali92]

Did you know SPY only 40 cents from Doji ?

Yes, but the indices that have been leading this charge since the beginning - ie. QQQ, IWM and MDY are all looking much stronger - just like in Nov 2010, the high Beta indices dramatically outperformed and never pulled back like the SPX did....

It seems in this occasional QE world that we get a period once or twice a year where the high Beta just flies relative to the SPX and then eventually gets crushed!

Though you will lose a lot of money betting on eventually, as the rallies continue a lot longer than one would expect.

The MDY - SPY spread was ZERO in Nov 2008 .....It is now 42.50 (having been at 31 in Dec) That is just a MASSIVE MOVE! All time high was 48.35 on July 7th last year!

-D

[taggard]

QQQs on 60min
my last QQQ post
http://stockcharts.com/h-sc/ui?s=QQQ&p= ... listNum=15

BARON von BearBear52x: “”””I'll buy next dip too”””” was that a typo??? OY

TAGGARD I usually miss half of whatever’s going on here….as I’ve had to cut my board down drastically for time and speed
….but I never miss a TAG post ….

thank you al--same here

[SWalsh]

I'm still trying to wrap my head around today's moves. The better than expected jobs report is telling the market that interest rates will rise sooner than 2014, so as a result, GLD and TLT are down -- higher rates reduce the appetite for treasuries and gold.

Higher rates should however boost the dollar, but USD/CAD is falling instead, while the SPY rises, in what are typical signs of risk-on. But dollar weakness/risk on without gold participating? That seems odd.

With no demand for money from small business, which is but just one reason the Fed says zero rates forever, I don't think rates can rise. Housing and foreclosures are going to put a halt in rate rises unless something is baked in due to risk. And apparently we are world class liars and deal makers.

Interesting take on today's employment propaganda: http://wallstreetexaminer.com/2012/02/0 ... ment-data/

[BullBear52x]

BARON von BearBear52x: “”””I'll buy next dip too”””” was that a typo??? OY

That is funny

[Cobra]

here's another thing i see interesting: Nasdaq cumulative tick goes crazy, people so love nasdaq stocks.

[Cobra]

don't forget our poll. it's interesting: viewtopic.php?f=9&t=446

[Me XMan]

I feel so giddy. Stop-loss taken out. Try again $134.40 stop-loss $135.

here's another thing i see interesting: Nasdaq cumulative tick goes crazy, people so love nasdaq stocks.

[SWalsh]

I wish for some abandoned babies on Monday...Let's pray for that!!!

The last time I remember saying that was on July 7th 2011, and what do you know the next day abandoned babies everywhere....
Don't know if we will get it this time, but we can hope...

I've been watching this all day and the only time a big HFT has hit seems to be to stop a decline from starting so they can sell. After all, the guys running the HFT machines also have positions past the 1/4 second mark. The latter is likely the money used to fund the bigger trades.

This is what the HFTAlert calls The Accumulator. It's a proprietary study that shows if they are buying or selling, and they have been selling all day as shown by the divergence as well as the small HFT and algo sell spikes. But they don't want it down yet. This was one of the most extreme divergences he has seen. So you might get your wish and especially if they are reversing and going short:

[BullBear52x]

Did you know SPY only 40 cents from Doji ?

Yes, but the indices that have been leading this charge since the beginning - ie. QQQ, IWM and MDY are all looking much stronger - just like in Nov 2010, the high Beta indices dramatically outperformed and never pulled back like the SPX did....

It seems in this occasional QE world that we get a period once or twice a year where the high Beta just flies relative to the SPX and then eventually gets crushed!

Though you will lose a lot of money betting on eventually, as the rallies continue a lot longer than one would expect.

The MDY - SPY spread was ZERO in Nov 2008 .....It is now 42.50 (having been at 31 in Dec) That is just a MASSIVE MOVE! All time high was 48.35 on July 7th last year!

-D

Yes, calling tops or bottoms is dangerous, I just hope for good 10 to 20 SPX point on my move in any directions, so far I traded myself out 3 times. this top I will get pay hopefully by end of next week.

[Cobra]

hmm, looks like I need another trend line. but still bulls are ok.

[dcurban1]

Did you know SPY only 40 cents from Doji ?

Yes, but the indices that have been leading this charge since the beginning - ie. QQQ, IWM and MDY are all looking much stronger - just like in Nov 2010, the high Beta indices dramatically outperformed and never pulled back like the SPX did....

It seems in this occasional QE world that we get a period once or twice a year where the high Beta just flies relative to the SPX and then eventually gets crushed!

Though you will lose a lot of money betting on eventually, as the rallies continue a lot longer than one would expect.

The MDY - SPY spread was ZERO in Nov 2008 .....It is now 42.50 (having been at 31 in Dec) That is just a MASSIVE MOVE! All time high was 48.35 on July 7th last year!

-D

Yes, calling tops or bottoms is dangerous, I just hope for good 10 to 20 SPX point on my move in any directions, so far I traded myself out 3 times. this top I will get pay hopefully by end of next week.

You rarely hear me call complete stops. I prefer to offer the advice of tightening up the stops to protect gains.

[KeiZai]

Hi all,

finally back at home, but nothing changed still up and more up and beyond..."little bit" underwater with 40% of shorts but it has to change on day so thats not so bad
Even worse is that cougar wants to leave this page I like his post a lot, one of the best TA engineers i ever "met" I hope he will come back soon

[Wallstreetrader]

Cobra can you explain what you got from poll ?

[BullBear52x]

Bulls got 34 cents to avoid a failure.

[Cobra]

this is not what I'd like to see for the close, although still fine for bulls.

[xglider]

this is not what I'd like to see for the close, although still fine for bulls.

Rounded top pattern?

[TraderGirl]

I wish for some abandoned babies on Monday...Let's pray for that!!!

The last time I remember saying that was on July 7th 2011, and what do you know the next day abandoned babies everywhere....
Don't know if we will get it this time, but we can hope...

I've been watching this all day and the only time a big HFT has hit seems to be to stop a decline from starting so they can sell. After all, the guys running the HFT machines also have positions past the 1/4 second mark. The latter is likely the money used to fund the bigger trades.

This is what the HFTAlert calls The Accumulator. It's a proprietary study that shows if they are buying or selling, and they have been selling all day as shown by the divergence as well as the small HFT and algo sell spikes. But they don't want it down yet. This was one of the most extreme divergences he has seen. So you might get your wish and especially if they are reversing and going short:

You posted this divergence another day a week or two ago, do you remember that day and what happened the next trading day?

[Cobra]

this is not what I'd like to see for the close, although still fine for bulls.

Rounded top pattern?

no, nothing, I just want a final push up so I can close a little bit more longs here.

[Tabby]

this is not what I'd like to see for the close, although still fine for bulls.

It looks like a tired snake.