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02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 10:00 am
by Cobra
Flat open, so any gap will be filled.
The Global ES may still miss one more push up to at least test yesterday's high. This'll be the 3rd push up which is the key push, let's watch.
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 10:06 am
by L_T
Argh! I was going to take a tiny strangle position on GMCR yesterday but decided against it. Now it's up ONLY 21%+ in pre-market trading. Definitely would have been profitable, to the tune of 33% return overnight ha ha. Oh well I am at least learning exactly what I need to be looking for in these potential trades. Game on!
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 10:07 am
by BullTart
NegD on the SPY daily RSI shall be watched closely today and tomorrow... PosD on the daily VIX RSI still in play, PosD on the dollar also forming now.
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 10:07 am
by dcurban1
QCOM is looking nice.
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 10:12 am
by BullTart
PosD on the daily Dollar $DXY RSI now forming as well...
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 10:12 am
by jarbo456
L_T wrote:Argh! I was going to take a tiny strangle position on GMCR yesterday but decided against it. Now it's up ONLY 21%+ in pre-market trading. Definitely would have been profitable, to the tune of 33% return overnight ha ha. Oh well I am at least learning exactly what I need to be looking for in these potential trades. Game on!
took a gmcr strangle and a small cmg strangle...
cmg was a snooze.
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 10:14 am
by BullTart
VIX PosD on the daily RSI still in play...
Three RSI divergences on three correlated instruments on the daily all pointing to some imminent resolution.
RSI divergence, especially on the daily scale is something to be watched carefully.
Just sayin'
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 10:16 am
by dcurban1
Now We Think We Know Where the Money Went (MF Global)
http://www.atruecontrarian.com/2012/02/ ... -went.html
Technical Analysis, February 2, 2012 – Nasdaq Composite
http://www.atruecontrarian.com/2012/02/ ... -2012.html
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 10:23 am
by Al_Dente
Those following the chart of U.S. banks vs EU banks will notice that EU banks have certainly narrowed that
large spread we saw two weeks ago …
http://stockcharts.com/h-sc/ui?s=$BKX&p ... listNum=15
[Also, Spain auction this morn went well; they got the money they needed]
$BKX is currently back-testing its 200ma (dotted black line) and trying to hold its breakout of the inverted head/shoulder neckline (pink)…
http://stockcharts.com/h-sc/ui?s=$BKX&p ... =255982352
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 10:28 am
by L_T
jarbo456 wrote:L_T wrote:Argh! I was going to take a tiny strangle position on GMCR yesterday but decided against it. Now it's up ONLY 21%+ in pre-market trading. Definitely would have been profitable, to the tune of 33% return overnight ha ha. Oh well I am at least learning exactly what I need to be looking for in these potential trades. Game on!
took a gmcr strangle and a small cmg strangle...
cmg was a snooze.
Dude salt in my wound
. Hopefully you covered your loss on CMG with GMCR. Looking back I think it was pretty obvious that GMCR would move big given the issues surrounding their last earnings release although I wouldn't have wanted to guess WHICH direction.
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 10:32 am
by Cobra
the open.
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 10:39 am
by Al_Dente
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 10:43 am
by L_T
jarbo456 wrote:L_T wrote:Argh! I was going to take a tiny strangle position on GMCR yesterday but decided against it. Now it's up ONLY 21%+ in pre-market trading. Definitely would have been profitable, to the tune of 33% return overnight ha ha. Oh well I am at least learning exactly what I need to be looking for in these potential trades. Game on!
took a gmcr strangle and a small cmg strangle...
cmg was a snooze.
You still short MS?
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 10:52 am
by wayne0708
Cobra wrote:the open.
morning gap up does that count as third push up?
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 10:53 am
by Al_Dente
PAGING MG131
One day after I put steel/iron on my watch list and threw $BDI in the shredder,
steel/iron is up +2.44% today at the top of my board (delayed Q on freestock)
SLX not
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 10:56 am
by jarbo456
L_T wrote:jarbo456 wrote:L_T wrote:Argh! I was going to take a tiny strangle position on GMCR yesterday but decided against it. Now it's up ONLY 21%+ in pre-market trading. Definitely would have been profitable, to the tune of 33% return overnight ha ha. Oh well I am at least learning exactly what I need to be looking for in these potential trades. Game on!
took a gmcr strangle and a small cmg strangle...
cmg was a snooze.
You still short MS?
Nope. Got out of MS and got shaken out of FTK (even though it's now down 6% today).
MS is now looking bullish.
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 10:57 am
by champix
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 11:00 am
by Al_Dente
look at 5min bar on AA
[edit: and BAC]
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 11:02 am
by Cobra
well, stockcharts is dead on my side, don't know how about you guys.
Anyway, I see double bottom here, so watch for the breakout to confirm.
Re: 02/02/2012 Intraday Watering
Posted: Thu Feb 02, 2012 11:03 am
by KENA
FYI..I won't go into detail on Stock timing .com comments but here is a summary..Mkt is in dangerous position..Strong stocks are weak..Caution is advised..Vix is bottoming..Dollar could start to go up today or tomorrow..Liquidity went up yesterday but is expected to edge dn and is not getting much for buck as it was.
