01/05/2012 Intraday Watering

[mac769]

Good Morning.

EURUSD http://99ercharts.blogspot.com/2012/01/eurusd_05.html

Possible big bounce here.

or even bigger failure

[BullBear52x]

If Fib fan tells us anything, IWM is in the tank, SPY is still got its nose above the water still.

[cougar]

Gaps play, so far looking it will

Yes, we can!

I am following the strategy posted on Tue morning: bought puts during the first 3 days of the week , as cheap as I could. Today I already sold QQQ 57 P and SPY 127 P, both expiring on Fri the 13-th!
2 more factor sto keep in mind:
1. -Tim will be in China between Jan 11th and 12th.. Thus, the market will be “helped” to go up into the next weekly OpEx.
2. -In the meantime: ...rumors are that France will be downgraded and Germany will be “warned” tomorrow (Fri) right after close. I think that this is a “scarecrow scam“…

[KENA]

FYI...SOX now dn to 367.53..If this keeps up the QQQ's will loose it..If we can stay under 368 then this is bearish.

[Al_Dente]

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

TRIN
http://stockcharts.com/h-sc/ui?s=$TRIN& ... listNum=15

[waverider]

Ya looks like sell the rip/buy the dip trading range fer now.

[BullBear52x]

Gaps play, so far looking it will

Yes, we can!

I am following the strategy posted on Tue morning: bought puts during the first 3 days of the week , as cheap as I could. Today I already sold QQQ 57 P and SPY 127 P, both expiring on Fri the 13-th!
2 more factor sto keep in mind:
1. -Tim will be in China between Jan 11th and 12th.. Thus, the market will be “helped” to go up into the next weekly OpEx.
2. -In the meantime: ...rumors are that France will be downgraded and Germany will be “warned” tomorrow (Fri) right after close. I think that this is a “scarecrow scam“…

nice move Cougar.

[BullBear52x]

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

TRIN
http://stockcharts.com/h-sc/ui?s=$TRIN& ... listNum=15

nice charts Dr. Al, if all else failed internally you know TRIN, UP/DNvol, and Adv/Dec will always rules.

[Al_Dente]

QQQ, $NDX, $VXN, $COMPQ are the strongest of the weak
And $SOX is the only green on my indices board
!! ??

[waverider]

FYI...SOX now dn to 367.53..If this keeps up the QQQ's will loose it..If we can stay under 368 then this is bearish.

Good point, here's a chart I posted a couple weekends ago.


http://stockcharts.com/h-sc/ui?s=$SOX&p ... =250848896

[ClarkW]

Great, thanks for clarifying. At first I ignored your charts due not they are my favorite. I like the simplicity and so far it appears your butterflies have been pretty spot on. Thanks for sharing!

ClarkW

In this particular ES chart, the magenta line is the WW while the purple ones are an AB=CD pattern.

The colors vary depending on how many patterns I want to highlight but generally speaking, magenta and purple are bearish while blue and green are bullish. Gold or yellow patterns can be either but are important.

Thanks for asking.

[stucap]

EURO is getting bought. Yes, its lower than it was last week which means equity should be too but, looks like bulltards want to rally on this euro strength.

[KENA]

Right now I'm for the Bears..This helps my partial SPY short that I took on Dec 31 cl.

[dr659]

Flip a coin

[stucap]

Bears need to pray.....Bulls are a few ticks away from a squeeze up to challenge today's gap.

[zipper]

To the bears out there
becareful ...
the wizard is saying caution and Cobra is say wait and lets see?
to me thats cover ...

futures trader at 7:05 AM just a quick note I forgot to mention for the Bear brothers out there..

Considering the dollar is so strong, and the market down some what, we are not seeing both gold and bonds respond to there moves...
Indicates maybe a bounce is on the cards later on..
Am I a buyer ...No but a profit is better than no profit at all.

Hero's come and go like the wind... Smart bears take money when its offered

Paul Tudor Jones

[Petsamo]

For swing traders, India has become attractive. EPI & INP are ETFs that have exposure to India.
Credit Suisse upgrades Indian equities to neutral
India May Be 'Great Contrarian Call' of 2012: Strategist
My chart below has the formula EWZ / INP x 100

EWZ is Brazil, which is also beat up relative to IWM (Russel 2000).
Disclosure: I possess EPI.

[KENA]

FYI..SOX is now 371.02 not as bearish..Looks like for now we may go up/dn for a bit until we see who wins.

[jarbo456]

if /ES can decisively take over the 20MA then i'm doubling my long from yesterday for another inside day.

[cougar]

Gaps play, so far looking it will

Yes, we can!

I am following the strategy posted on Tue morning: bought puts during the first 3 days of the week , as cheap as I could. Today I already sold QQQ 57 P and SPY 127 P, both expiring on Fri the 13-th!
2 more factor sto keep in mind:
1. -Tim will be in China between Jan 11th and 12th.. Thus, the market will be “helped” to go up into the next weekly OpEx.
2. -In the meantime: ...rumors are that France will be downgraded and Germany will be “warned” tomorrow (Fri) right after close. I think that this is a “scarecrow scam“…

nice move Cougar.

Thanx…Now I can relax for a while and let time decay do its job!
SPY was stopped at the second support (yellow rectangle) coinciding in time with the Fan line.

=======
Note for other people who might be following my trades: puts sold today were “sold to open”…obviously…