01/26/2012 Intraday Watering

[SWalsh]

I know there has been a lot of discussions on the BDI.I looked back at the 2008 charts and it dropped big time from July to Dec from all time hi to low of 663. All the media verbage was the the same as we are hearing now but you know what happened.

Galbraith's "The Great Crash - 1929" had people targeted to be ruined if they spoke bearishly in the summer of 1929 such that The Harvard Club reversed to bullish lest they be crucified in the press, which was even more controlled then than now. People then were paid to write bullish columns. Now, we have CNBS, the bankrupted GE propaganda channel. I watched "Fast Money" until they did not renew Jeff Mackey's job as he was quite harsh on the goings on.

[ClarkW]

Small Caps (IWM) 60 min chart: closed above BB with a black candle. Last 3 times this happened we had a pullback through the 20 ma

[Me XMan]

I figure that rocket trajectory was due shorts covering.
Once shorts are done covering then what ??? Hello gravity...

HFT/Algos have been busy:...Anyone have that data they provide in a column showing that what is being covered (SPY was the top short cover then) and the new longs?...

Swalsh
Brand new short interest report from NYSE
http://online.wsj.com/mdc/public/page/2 ... 022#shortB

we’ve covered over 2 billion (shares) shorts this month, but I HAVEN’T ADDED IN THESE MOST RECENT NUMBERS…
PS: link courtesy waverider

[jarbo456]

What's his site SWalsh? Always looking for good blogs to compliment Cobra's!

GLD will meet the green ellipse soon.

There is a very similar "egg" like that for the SPX going back to before 2000 and we are banging against it now.

It's called "Egg of Doom" at steveo's site Hawaii Trading. He has a few comments a day so it's not like I'm sending people there and I don't have permission to post it. I know he works a day job and is probably still asleep 5 hours behind us.

you talking about this guy man?

http://oahutrading.blogspot.com/

[Al_Dente]

PAGING NFLX
Anecdotal trivia only:
Tuesday I cancelled my $9.99 mo subscription to Netflix because bla bla bla…cancellation was confirmed via email.
Today I received an email from them, direct quote: “Please come back to Netflix for only $7.99 mo…”

[johnnywa]

Rut2 showing weakness

[SWalsh]

Too early to be sure, but there is 1/2 the previous HFT activity and we are drifting lower. Worm turning?

[dcurban1]

Moral Hazard and the Federal Reserve

http://www.atruecontrarian.com/2012/01/ ... serve.html

Technical Analysis, January 26, 2012 – Australia Ordinaries

http://www.atruecontrarian.com/2012/01/ ... -2012.html

Also penned an article for Seeking Alpha ripping Bernanke and telling people to go long gold. I don't usually link those here but I went off after Bernanke's statement yesterday.

http://seekingalpha.com/article/322163- ... -long-gold

[KENA]

Too early to be sure, but there is 1/2 the previous HFT activity and we are drifting lower. Worm turning?

Where do you get the HFT activity info..Thanks

[SigmaEcho]

Hi Cobra,

AUDJPY dropping hard any indication?

[Al_Dente]

Could someone please post a zerohedge link with analysis/charts of the new NYSE short interest report
….they MUST HAVE posted something yest or today….thanks in advance
[I’m not allowed to go directly over to zh just yet]

[TraderGirl]

TMF still trading up today...

[BullTart]

Still watching the PosD on the VIX... we are just about to touch the ascending line on the RSI, so key time is approaching here.

If we make a lower low on the VIX, and at the same time break through the ascending RSI and also make a lower low on the RSI, then it will be time to close positions and wait for a better setup.

IMO, we will bounce of the RSI ascending line and keep the PosD intact, and continue to build even more energy for the eventual resolution.

We have now just touched the ascending RSI line now.

This is could be the it RIGHT HERE folks! Let's see!!!

We got a lower low on the VIX but a higher low on the RSI... PosD confirmed and continues. This PosD energy build up is really packing some heat now.

We may have just seen the short term top... three touches on the RSI on a PosD ascending line typically is the last touch before resolution.

So that's why I think we may have just seen the short term top earlier this morning.

[KENA]

The NYSE composite has been holding in the red at 55 +/- points all morning.This is by TD Ameritrade Charts.All others are green.A little strange.

[Al_Dente]

Update 1min
I’ve been trying to follow swalsh HFT spikes, and WE DO see them (some not all) in our 1min volume spikes.
I had the bar at 1 million shares, one minute
I just lowered the bar to 900,000 shares
Also nyadv hit 2100 this morn, now pulled back to ~1700, not a good sign

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

[L_T]

Jarbo you mind sharing how you constructed your strangle position of CRR? I'm curious. Thanks.

[BullBear52x]

Who said TA doesn't work, look at Neg D on IWM/TNA and SSO/SPY and Stinking FAS no Neg D. but tank back in red now, you got to love it. be nimble until it stick.

[jarbo456]

Jarbo you mind sharing how you constructed your strangle position of CRR? I'm curious. Thanks.

CRR looked to be in a large triangle. there were high expectations for the earnings - lots of bullish equity research on it. previous earnings had made the stock jump in excess of 15%. vega in the market has been low as indicated with VIX below 20. my initial idea was to go long via a covered call - but historically CRR has made monster moves on earnings, so a covered call strategy seemed like a poor idea given it could drop in excess of 20 bucks (which it did).

so i went long a strangle of 10 FEB 130/135 yesterday afternoon. cost base was about 13k. the construction of the strangle was slightly to the downside as it was trading at 133 at the time.

[Al_Dente]

...Also penned an article for Seeking Alpha ripping Bernanke and telling people to go long gold. I don't usually link those here but I went off after Bernanke's statement yesterday.
http://seekingalpha.com/article/322163- ... -long-gold

Thanks DCURBAN1 (also thanks 4 fed link yest)

[TWT]

UVXY (2x long VIX etf): maybe an exhasution gap