01/10/2012 Intraday Watering

[cougar]

FXI breakout:

A good close would complete a double bottom formation with a target of 40.5+ I think.

A friend from Hong-Kong just advised me to stay long, but sell 3 days before the Chinese New Year.
Could anyone tell me when this would be?

[BullBear52x]

Here is another one for early bird

[dcurban1]

Could someone provide smarts on business inventories reported today few minutes ago?

I don't look at it that much but inventory levels seem reasonable to me. If anything I would be worried about the 'restocking' theme that many have pushed for a bullish 2012.

They are low but if you look at the chart at the bottom of page 1 Inventory levels are pretty flat for 2011 which indicates to me that retailers have a strong grasp of their supply chain and logistics.

[dcurban1]

FXI breakout:

A good close would complete a double bottom formation with a target of 40.5+ I think.

A friend from Hong-Kong just advised me to stay long, but sell 3 days before the Chinese New Year.
Could anyone tell me when this would be?

Monday, Jan 23.

Year of the Dragon and it is a Water Dragon.

[cougar]

Thanx!

[uempel]

Check resistance:

[TraderGirl]

FXI breakout:

A good close would complete a double bottom formation with a target of 40.5+ I think.

A friend from Hong-Kong just advised me to stay long, but sell 3 days before the Chinese New Year.
Could anyone tell me when this would be?

That is on Jan 23, but there is a turn date Jan 18th, so be careful of the Jan 20 date....

[BullBear52x]

always sell double top

[cougar]

FXI breakout:

A good close would complete a double bottom formation with a target of 40.5+ I think.

A friend from Hong-Kong just advised me to stay long, but sell 3 days before the Chinese New Year.
Could anyone tell me when this would be?

That is on Jan 23, but there is a turn date Jan 18th, so be careful of the Jan 20 date....

That puts it at OpEx time ...Hmm...

[uempel]

Check resistance on the 60 min

[Al_Dente]

Could someone provide smarts on business inventories reported today few minutes ago?

I don't look at it that much but inventory levels seem reasonable to me. If anything I would be worried about the 'restocking' theme that many have pushed for a bullish 2012.
They are low but if you look at the chart at the bottom of page 1 Inventory levels are pretty flat for 2011 which indicates to me that retailers have a strong grasp of their supply chain and logistics.

Thanks dcurban1
Also “troubling” was consumer credit released this morn…
“Consumer credit increased by $20.4 bln in November [just before the xmas rush] after increasing by $6.0 bln in October. That was the biggest monthly increase in consumer credit since November 2001. The … consensus expected consumer credit to increase by $7.0 bln…”

[SB73]

Boy it sure is tempting to short here...the bulls look tired, but the bears seem disinterested. NFP red is a turn indicator right? Maybe so, but price is reflecting it yet.

[waverider]

Even happy friday is going short lol. Seeing some VXX calls here:

http://ise.com/WebForm/md_livevol.aspx? ... e&symbol=C

[jarbo456]

Even happy friday is going short lol. Seeing some VXX calls here:

http://ise.com/WebForm/md_livevol.aspx? ... e&symbol=C

hahaha. i was just thinking that. no charts, no reason, only his smileys all the time.

[TraderGirl]

Could someone provide smarts on business inventories reported today few minutes ago?

I don't look at it that much but inventory levels seem reasonable to me. If anything I would be worried about the 'restocking' theme that many have pushed for a bullish 2012.
They are low but if you look at the chart at the bottom of page 1 Inventory levels are pretty flat for 2011 which indicates to me that retailers have a strong grasp of their supply chain and logistics.

Thanks dcurban1
Also “troubling” was consumer credit released this morn…
“Consumer credit increased by $20.4 bln in November [just before the xmas rush] after increasing by $6.0 bln in October. That was the biggest monthly increase in consumer credit since November 2001. The … consensus expected consumer credit to increase by $7.0 bln…”

I think this is what the government likes to see, people piling on more debt, spend, spend spend....

[99er]

Updates

Copper http://99ercharts.blogspot.com/2012/01/copper_10.html
Crude http://99ercharts.blogspot.com/2012/01/crude_10.html

[Cobra]

hmm, DAX chart looks pretty good, should be more on the upside. This means no hurry to call SPX top here.

[Me XMan]

Short it and with stop-loss.

Boy it sure is tempting to short here...the bulls look tired, but the bears seem disinterested. NFP red is a turn indicator right? Maybe so, but price is reflecting it yet.

[99er]

Updates

Gold http://99ercharts.blogspot.com/2012/01/gold_10.html
Silver http://99ercharts.blogspot.com/2012/01/silver_10.html

[99er]

Updates

Dollar http://99ercharts.blogspot.com/2012/01/dollar_10.html
30-Year http://99ercharts.blogspot.com/2012/01/30y_10.html