Stock Market Intraday Chat: May 7 - May 11 - Page 27

Banks, gold miners, healthcare and energy leading higher

Looks like a BTFD day.
 

Spain +4%, sproing.

$BAC looks ready to run going to put in a bid if it gets above 7.90 with some decent volume

Indexes positioned to print daily candles today that could resemble bullish kickers, if we don't retrace too much of the gap up and we close generally a half percent higher than current levels.

PCLN breaking down. May test $678 today. Grabbed the 675x weekly at 3.50

SPY tried breaking up out of the early intraday pennant/wedge. Fail... should try again. Nasdaq had a false start getting bullish just now... I am watching AAPL to see if it can take out the opening prints at 575.19, the daily 8EMA is 575.20, if that is taken out on 5 min closing basis for a few bars, I think it will test 582 minimum today. Looking to get long but still a little wary of another dip, possibly to lower than LOD... half gap?

disconnect between index's just a warning of whats to come.

Miners looking good, GDX beginning to show signs that it might like to bottom here. Take a look at AU, purdy little bullish kicker right through key MAs.

 

Sproing indeed.

 

Did they just solve their horrible unemployment problems?

The 1362 on the ES is proving to be a big level and so for no dice getting through it...

Likewise, SPY is not showing a ton of interest in getting back into yesterday's range. 2 pts in on 2 tests, watching for rubber band reversal in Qs to trigger a move up, might not come but upside would be easy to capture today, SPY vol low.

GS

OPEN

YOKU

 

Early leaders on my list, if they attract more buyers here, bias for the morning move is higher

$CSCO and $PCLN are getting somked and the NDX 100 just went red

 

Trailing stop filled at 5.11. Got to $682's there.

$TYP - bullish macd crossover..I think i will step in here..maybe

yesterday things couldnt look much more bearish and the markets went up. today things looked completey bullish and everything drops. wtf is up with the nasdaq?
 

TEXT-S&P report: A $46 trillion perfect credit storm may be brewing

 

http://www.reuters.com/article/2012/05/10/idUSWLA781820120510

I got $5.10 ..  dam missed out on one cent     Thanks ..... love the intraday....    just stay away from those pesky appl calls....

AAPL doing the .00 thing, barely bouncing though, 571 should be taken out here. SPY below half gap, looks like ES 1353 5 min POC test is likely, that would give us 10 handles range on day session, a decent low risk entry when it bounces.