01/27/2012 Intraday Watering

[dr659]

to anyone short, my condolences, this market is ready to explode to the upside, its so oversold right now.

what time frame ?

any timeframe, we sold off for like 3 or 4 hours yesterday that's enough to make the market super oversold and primed for a huge bounce.

Yeah? And we bounced over 100 SPX points from end of Nov. Overbought to me

As Sam Kinnison said to Rodney Dangerfield in "Back to School"....."I'm going to be watching you"

Great scene:
http://www.youtube.com/watch?v=Fj5k6toS7i8

Sounds like Rodney was talking about the Bears

[uempel]

This was funny - some guys just don't want the market to tank.

The attachment ww.png is no longer available

really? that's a shocker

Losing money?

Didn't see this...

[Al_Dente]

WAVERIDER
TVIX: I see approximately ~64 million shares volume in last 8 trading days, in a 12.5 million share ETF…. turnover is astounding
(but I may be using stale prospectus numbers?)

PS: subtle but impt difference btwn OBV and the accumulation/distribution line (which was an “upgrade” to granville’s OBV).
Suggest test both…eg: accum/distrib line slight uptick yester.

[stucap]

LAST AAII investor sentiment survey (week ended jan-25) showing outstanding Bears < 19%.

Great contrarian play against dumb money, as usual.

I have been biding my time. Sentiment indicator - from Sentiment-Trader - is one of my favorite signals. We are at or near a long-term top in the markets, per bullish sentiment. We might be due for one last pop up (around 134ish on the SPY), but I'm not relying on luck. 20% short position (SDS March calls).
GL,
A

do you find the decay in SDS and theta in the calls to be a problem holding options on the levered etfs?

the decay is a big problem. instead of buying calls on the SDS you should buy puts on the SSO and vice versa.

[rpccharts]

Problem with Gold Silver in US Dollars - The euro is headed for a long term crapper move....

Bernanke did not tell us anything new... it is a dog and pony show... look at the volumes on
Gold Silver GDX GDXJ....

They are doing a dead cat bounce...Gold Silver GDX GDXJ....

[bushwaffle]

A closed gap here could allude to the possibility that there won't be an impending need to revisit this level very soon...

[SB73]

With the smooth, unhindered run up, I am not surprised at all by the BTFD crowd. I intend on joining as well, just not yet. As documented yesterday, I sold all remaining longs.

[jarbo456]

LAST AAII investor sentiment survey (week ended jan-25) showing outstanding Bears < 19%.

Great contrarian play against dumb money, as usual.

I have been biding my time. Sentiment indicator - from Sentiment-Trader - is one of my favorite signals. We are at or near a long-term top in the markets, per bullish sentiment. We might be due for one last pop up (around 134ish on the SPY), but I'm not relying on luck. 20% short position (SDS March calls).
GL,
A

do you find the decay in SDS and theta in the calls to be a problem holding options on the levered etfs?

the decay is a big problem. instead of buying calls on the SDS you should buy puts on the SSO and vice versa.

that's also my personal opinion...i think options on leveraged etf's is adding fuel to an already big flame...<shrugs> but what do i know.

[bushwaffle]

LAST AAII investor sentiment survey (week ended jan-25) showing outstanding Bears < 19%.

Great contrarian play against dumb money, as usual.

I have been biding my time. Sentiment indicator - from Sentiment-Trader - is one of my favorite signals. We are at or near a long-term top in the markets, per bullish sentiment. We might be due for one last pop up (around 134ish on the SPY), but I'm not relying on luck. 20% short position (SDS March calls).
GL,
A

do you find the decay in SDS and theta in the calls to be a problem holding options on the levered etfs?

the decay is a big problem. instead of buying calls on the SDS you should buy puts on the SSO and vice versa.

that's also my personal opinion...i think options on leveraged etf's is adding fuel to an already big flame...<shrugs> but what do i know.

they are a gambler's dream

[cougar]

Pagig Jarbo... for FTK.
The SELL entry signal was clean on 60 min.
For confirmation, I am waiting for a clear drop under 10.85 on the daily chart.
I have a small short position and I am ready to increase it.

[THAT GUY]

Why is TNA positive and TZA negative now when SPY is -.34% ?

[uempel]

LAST AAII investor sentiment survey (week ended jan-25) showing outstanding Bears < 19%.

Great contrarian play against dumb money, as usual.

I have been biding my time. Sentiment indicator - from Sentiment-Trader - is one of my favorite signals. We are at or near a long-term top in the markets, per bullish sentiment. We might be due for one last pop up (around 134ish on the SPY), but I'm not relying on luck. 20% short position (SDS March calls).
GL,
A

do you find the decay in SDS and theta in the calls to be a problem holding options on the levered etfs?

the decay is a big problem. instead of buying calls on the SDS you should buy puts on the SSO and vice versa.

that's also my personal opinion...i think options on leveraged etf's is adding fuel to an already big flame...<shrugs> but what do i know.

Why don't you guys do futures?

[EvilTrader]

This system courtesy Rolf Bertschi/Credit Suisse shows that SPX is slowly rolling over - no upwards momentum on weekly and daily and downwards pressure slowly increasing. Interesting that BPSPX rose a bit yesterday - don't quite understand the divergence. My guess is that BPSPX will turn down and follow the CS system, which is more precise.

CS2.png

cool.

How do we read it ?

Any paper or tutorial available ?

[Al_Dente]

LONG TERM CHART OF RATES

$TNX 10 year treasury yield going back to 1993
Support today is at ~18 (1.8%) and ~17 (1.7%)
http://stockcharts.com/h-sc/ui?s=$TNX&p ... =240748076

[SigmaEcho]

hi cobra, any comment on $AEX pls.
thanks

[BullBear52x]

GM,
Finally DBV is negative for a change, I think bears got another score on their side.

[PRI]

Cobra,
It looks like your AUD/JPY cross is leading the way down, for the Dow at least. Any thoughts on its chart?

[mixedice9090]

Why is TNA positive and TZA negative now when SPY is -.34% ?

tna/tza is tracking ^rut.....^rut is up a little right now

[jarbo456]

Pagig Jarbo... for FTK.
The SELL entry signal was clean on 60 min.
For confirmation, I am waiting for a clear drop under 10.85 on the daily chart.
I have a small short position and I am ready to increase it.

nice!

i like some validation. i got in a small position at the neckline...added to complete a full position of 20 MAR 12.5 puts on the break of the trendline. my initial target is between 9.95-10.25.

but 8.75'ish could be in the cards.

[johnnywa]

WTF the NAZ does not want to correct,figures bought a few puts on Q's