Stock Market Intraday Chat: Jan 23rd - 27th - Page 30

looks like spx gonna bust out of its intraday channel for a rip yer nose off baby rally

i dunno why people are saying a mini rally or are bullish when we are under 1320 .. havent broken that with conviction and the data tomorrow might be so so..

The point is.. gotta have a restest of the lows before moving higher.. this inst a rally enviroment. I have other wedges than most in here and im waiting on a retest which will tell if we churn higher slightly.. or just take profits.

Quote:

Originally Posted by daande 

I bet the S&P tests 1310 today!

I had that targeted too because it would form a nice head on a potential H&S on the 10 min es/ but it is reversing now and doesn't seem likely to happen. I'm going to risk holding the index short I started yesterday and hopefully we will gap down overnight for a change and not up.

Originally Posted by Tekfreak 
Do you have a thread or post somewhere that explains these charts somewhere on HSM? Its all chart jargon to me

My bad...I totally understand though. 
Check my sig for the links.

on every time frame.. its a joke at this stage.

20 handles is not what im concerned about, which is a range a channel etc the wedge which will need to be tested for strength.... and what is the purpose of this to test if this short term crap resistance is real or just fluff. .. . but saying we move higher when there are major headwinds and other things pending is being alittle over zealous.

I suppose testing REAL support isnt applicable anymore?

let everyone be complacent i dont care, but people shouldnt say we are going higher based on some intradata or something else which is irrelevant tomorrow. Not to mention this is all bond forex and other markets related in my perception. Not an indication of anything real or true to me as of yet.

i said back in Nov that Jan and Feb will be quite kinda, that we might grind up slowly due to earnings, but when thats over which is soon.. i wouldnt be too confident. Also i feel this is end of month window dressing which i said in another post.. just saying, i dont like pissing into the wind on a few days of skeptical data.
 

Quote:

Originally Posted by rando 


"isn't a rally environment" on what timeframe? If we end up over 1310 on ES, then my personal opinion is that nothing is really decided. We've had over a month of drifting/powering up on alternate days with the powering being via gaps up. One 0.5% down day on a 20 handle reversal can change a trend, but I would think even ardent bears want to see some quick confirmation. Just my opinion, so if it's wrong, it's wrong.

Quote:

Originally Posted by IchibomB 

My bad...I totally understand though. 
Check my sig for the links.

 

Yeah dude, chinese is not a universal language. Happy you understand that. Go Bears!

They are programming people to buy on the 3:30 drop.  One day soon its going to just keep going.

Originally Posted by Gunit00 
Yeah dude, chinese is not a universal language. Happy you understand that. Go Bears!

Here's some English for you, "The ones who know get paid by the ones who don't."

I'm not biased bear or bull. Just watching price and trading it as I see it. 

should be strong for a march higher and supposedly good data tomorrow no? not flat... where are all the last min buyers reliant on this data.. eh.

Flat doesnt correlate to impressive to me, when its waiting on data. People made alot of money the past 2 weeks and they dont want to go deeper into it due to unknowns.. which there are more of than positives. As with the unemployment numbers GDP will be messed with and then revised lower..  so let them come out with a big fake number as usual.

You guys might already have access to economic indicators, but I've been using a site lately that keeps it all nicely in one place and even adds a level of importance to the indicator.

http://www.tradingeconomics.com/calendar-list-by-country

It's nice to see what indicators are coming up, and what indicators have been reported.  I don't know who maintains the site, but it's almost always up to the minute.

Quote:

Originally Posted by rando 

I am really surprised to see GDP expected to come in so high. I think anything 3.0 or higher will be welcomed with open arms.

Same here i think the forecast for GDP is high. Maybe the auto industry bolstered it. I doubt we will get above 3, but if we do i doubt we will have a down day (granted we don't get negative headlines from Europe).

briefing is better just in terms of layout i think but dont recall if i see summary's about the item. however its the same concept.

always best to check more than one.. since ive run across invalid data before on 3 sites. .
 

Quote:

Originally Posted by RagingBull 

You guys might already have access to economic indicators, but I've been using a site lately that keeps it all nicely in one place and even adds a level of importance to the indicator.

 

http://www.tradingeconomics.com/calendar-list-by-country

 

It's nice to see what indicators are coming up, and what indicators have been reported.  I don't know who maintains the site, but it's almost always up to the minute.

forexfactory.com is good as well

I agree with you folks. The GDP of the USA is usually comprised of about 20% finance/insurance/real estate industry. In short 3 %

NO WAY!.

Quote:

Originally Posted by RetireYoung 

Same here i think the forecast for GDP is high. Maybe the auto industry bolstered it. I doubt we will get above 3, but if we do i doubt we will have a down day (granted we don't get negative headlines from Europe).

I posted that when it was at 1.10, it closed at 1.27 near high and expecting it to rally further tomorrow.

Exited TVIX at 18.20 and planning to rebuy tomorrow around 17.2.

Also exited CBRX.

Quote:

Originally Posted by Philosuffer 

ENER is taking off, I think today is the start and tomorrow it would gain much more..

I have nearly 20,000 shares in it at 1.01

Philo - Why did you decide to buy ENER?