06/30/2011 Intraday Watering

[rhight]

Good morning All. Thanks Cobra for the blog.

[cougar]

Both Bobby Flay and Emeril contributed substantially to the production of the Chicago PMI numbers…

[cheech]

natural gas looks like a decent long try here, small position

before EIA report 30minutes later?

who cares about the report, i trade price, time and volume

maybe it's a bad trade, we'll see

[soku]

??, last month, it was lower.

there are 3 pieces in pmi. both employment and price are at new low since q4 last year, and the trend is down. the only component driving the index higher is new orders.
tomorrow's Mfg Index will be interesting.

[PRI]

PRI

http://en.wiktionary.org/wiki/se_faire_chier

It's actually a four-letter word that begins with an "S."

Ah, I never learned any of the good words...

[99er]

So what did Ben have to say?

http://everything2.com/title/Ni+chi+bao+le+ma%253F

[cheech]

closing out some SPY calls here

[bbc]

??, last month, it was lower.

there are 3 pieces in pmi. both employment and price are at new low since q4 last year, and the trend is down. the only component driving the index higher is new orders.
tomorrow's Mfg Index will be interesting.

I see. thanks

[BullBear52x]

Financials stalled.

[alphahorn]

I know most of the people on this board are day traders, but there is a great deal of bearish hopium going on here and people are missing incredible vertical runs in the indexes. Someone yesterday noted that we need to keep an eye on the big picture, well here's my weekly Renko, which has been a waving counting machine for several years now, and yesterday it confirmed the end of intermediate wave (2) of the bullish P[3] count.

[cougar]

??, last month, it was lower.

there are 3 pieces in pmi. both employment and price are at new low since q4 last year, and the trend is down. the only component driving the index higher is new orders.
tomorrow's Mfg Index will be interesting.

It might turn into MSG (mono-sodium-glutamate) Index…in line with hat happens today.

[cheech]

buying SPY puts here

[bbc]

anyone has the seasonality result for tomorrow?

[cheech]

I know most of the people on this board are day traders, but there is a great deal of bearish hopium going on here and people are missing incredible vertical runs in the indexes. Someone yesterday noted that we need to keep an eye on the big picture, well here's my weekly Renko, which has been a waving counting machine for several years now, and yesterday it confirmed the end of intermediate wave (2) of the bullish P[3] count.

time to take profits here, I've been long for a couple weeks

end of the month window dressing ALWAYS gets sold off eventually, it's a statistical fact, because the orders are short term in nature. I'm holding some longs for the longer term but definitely neutral up here.

[cheech]

Gold prices continue to drop steadily. Financials and REITs are weak today.

[alphahorn]

Here's my road my for the next week or so

[bbc]

Gold prices continue to drop steadily. Financials and REITs are weak today.

As pm are still dumping weak performers to avoid looking stupid to investors.

[Cobra]

nothing to say, a little resistance here.

[tegra]

Here's my road my for the next week or so

very good Post!!!!
i like it

[cheech]

Here's my road my for the next week or so

I disagree. The markets will close beneath 1296 within the next two weeks. It's guaranteed due to end of month window dressing.

Institutions have not gotten on board this move yet because we saw no 10:1 or higher accumulation days.