Disqus - Latest Comments for blues

Re: 10/14/2010 Market Recap: Today’s low may not be the low

blues — Fri, 15 Oct 2010 10:41:13 -0000

Ya, I was looking at BAC, it is in deep shit, 2 day big sell off... I guess with today's POMO, they better use those money to buy up those banks, or market may get scared...

Re: 10/14/2010 Market Recap: Today’s low may not be the low

blues — Fri, 15 Oct 2010 10:39:38 -0000

So far looks like it, but it would been better if we pop the prior high just a little and then heavy sell off to do a bull trap... but anyway we have to see where we close today, close print is what matter. With OE day, often have 3 choice:

1. close near where we open on Monday
2. close near where we close yesterday
3. close near where we open today

Re: 10/14/2010 After Bell Quick Summary

blues — Thu, 14 Oct 2010 17:09:52 -0000

Sure is a gappy (well, mostly gap up gappy) market. We just close a gap today (the 20th gap) and it sure look like we gonig to have another gap up tomorrow?

Re: 10/13/2010 Market Recap: Expect a Short-term Pullback Soon

blues — Thu, 14 Oct 2010 16:06:58 -0000

1 thing I don't get, SPY jumped at 4:00PM on my chart and then GOOG jumped at 4:01PM... so someone knew the earning before hand? exactly when did goog announce anyway?

Re: 10/13/2010 Market Recap: Expect a Short-term Pullback Soon

blues — Thu, 14 Oct 2010 16:01:43 -0000

Wow, GOOG can really move market! Damn!

Re: 10/13/2010 Market Recap: Expect a Short-term Pullback Soon

blues — Thu, 14 Oct 2010 15:03:37 -0000

Ya, so is the overall market, is increadible, with retail money keep flowing out the market, who is buying? VIX is up 10% today and .BKX down 3.8% with BAC down 5.5% JPM down 4% and C down 5% SPX is not even down 1%?!

Re: 10/13/2010 Market Recap: Expect a Short-term Pullback Soon

blues — Thu, 14 Oct 2010 09:45:34 -0000

Dip buyer are powerful so far... every dip gets bought... Although interesting, VIX is up 2% now and banks are in the hole, so what gives?

Re: 10/13/2010 After Bell Quick Summary

blues — Wed, 13 Oct 2010 19:32:27 -0000

I didn't notice, was today an all up day?

Re: 10/12/2010 Market Recap: CPCI Too High

blues — Wed, 13 Oct 2010 14:44:52 -0000

Interesting that both JPM and INTC are fairly deep in the red yet the market rally on that!

Re: 10/12/2010 After Bell Quick Summary

blues — Tue, 12 Oct 2010 18:34:51 -0000

Ya, although ISEE equity is pretty bullish all day long, all 200s-300s, nothing below 200...

Re: 10/11/2010 Market Recap: VIX to VXV Ratio Hit Record Low

blues — Mon, 11 Oct 2010 21:40:15 -0000

I really doubt we going to get another crash like May since we are so close to it (although I don't mind of course). Plus I really wish we get a stair step down rather then a quick down, as you can see, all quick down (or up) gets pretty much all retraced later on...

Re: 10/11/2010 After Bell Quick Summary

blues — Mon, 11 Oct 2010 19:50:35 -0000

http://www.zerohedge.com/ar...

Re: 10/11/2010 After Bell Quick Summary

blues — Mon, 11 Oct 2010 18:07:39 -0000

Well I don't think we going to have another flash crash so close together, but I don't think we can have like you said, "market CANNOT go down with QE2 coming". I tend to think that if we have QE2, market is NOT going to rally as it is priced in already and we may even get sell the news. "If we don't have QE2"? I think that chance going to be remote as how can economy recover without "real" job creation? And if you think this economy going to recover, please tell me first, how we going to get all the job that we've exported to china, mexico, vietnam, etc, back?

Re: 10/08/2010 Market Recap: No 2 Consecutive Up Days for 3 Weeks

blues — Mon, 11 Oct 2010 14:50:43 -0000

But intersting why the equity did not shoot up if bear capitulation? Or I guess they squeezed all the short out already?

Re: 10/08/2010 Market Recap: No 2 Consecutive Up Days for 3 Weeks

blues — Mon, 11 Oct 2010 11:46:19 -0000

And what's more mess up is that dollar index finally in the green and yet both equity and gold is in green too!

Re: 10/08/2010 Market Recap: No 2 Consecutive Up Days for 3 Weeks

blues — Mon, 11 Oct 2010 11:45:16 -0000

Ya, VIX is mess up today, market only up about 0.2% (spx) right now and VIX is down near 7%?? And we are below the B-band too... So I guess either market rally hard later because VIX lead OR is this bears waving the white flag where people betting higher volitility finally giving up?

Re: 10/08/2010 Market Recap: No 2 Consecutive Up Days for 3 Weeks

blues — Sun, 10 Oct 2010 15:44:34 -0000

And since we are at it, I think this is the reason why we keep seeing month after month, retail investor are shunning away from stock market. No one has faith in it anymore. Yes you can say retail are dumb and that market will keep on going up forever when retail are not participating. But the truth (for me at least) is that government is just making things worst by constantly manipulating the market (direct or indirect) and the result is wild gyration like we seen on the super rise a few month ago and then the flash crash. Stock market used to be basd on fundamental but now days it is simply a playground for the hedgers, HFT and the government. No wonder people are getting the hell out and stay out. Stock market has turn into a place where few elite make money because they get information ahead of the time. If we keep this going, I think the outcome will be ugly in the end...

Re: 10/08/2010 Market Recap: No 2 Consecutive Up Days for 3 Weeks

blues — Sun, 10 Oct 2010 15:27:07 -0000

What I'm trying to say is that although I don't have history of Cobra's comment section, I think during last few peaks, there are probably more bearish comment then bullish. I think above data presented by Cobra is more "unbias". I mean people can say whatever they like, but money talk and it seems hedgers and option player (ie Friday's ISEE) has spoken and by the look at the data above, you can be the judge... espeically the COT data...

Re: 10/08/2010 Market Recap: No 2 Consecutive Up Days for 3 Weeks

blues — Sun, 10 Oct 2010 15:18:41 -0000

Hm, not suer which blogs do you visit, but from

http://tickersense.typepad....

it seems bloggers are bullish and the trend of blogger bullish has been going up and bearish blogger has been going down.

When you see market going up consistantly (without good size pull back) you going to see more people trying to short and post comment becuase they are on the losing side and trying to justify it. But that does not mean there are more bearish people out there then bulls. It may just mean bulls are being complacent and trying to ignor everything.

Re: 10/08/2010 Market Recap: No 2 Consecutive Up Days for 3 Weeks

blues — Sun, 10 Oct 2010 13:24:03 -0000

I was thinking more of mega phone pattern... ( you need to draw your top resistance line from your two head and you see a mega phone pattern). The only thing I am not sure is are we in wave "D" or Wave "E"? If we are in wave "D" then we will top 2007's high just by a little to hit the top resistance line and then a nastyh wave "E" to take us to 400s and wipe out all the gain from breakout of 1995. If we are in wave E then we get a blow off top to break the upper resistance line and then we fall to ZERO at 2012 end of world...

Re: 10/08/2010 After Bell Quick Summary

blues — Sat, 09 Oct 2010 21:34:37 -0000

Is ok, when mutual fund run out of buying power, FED will pomo us to death...

Re: 10/08/2010 After Bell Quick Summary

blues — Sat, 09 Oct 2010 16:48:44 -0000

Hm... not really, maybe just the blog that you read are bearish? Looks like retail AAII is bullish and so is craft's sentiment and the money managers report... Also ISEE retail is near the high too, moving average at above 200+, that's pretty bullish to me...

http://www.tradersnarrative.com/sentiment-overview-week-of-october-8th-2010-4817.html

Re: 10/08/2010 After Bell Quick Summary

blues — Fri, 08 Oct 2010 22:05:36 -0000

Maybe they should vote you to be FED chief? He could of done that long ago... but now the market is so out of wack, mayber too late to do the right thing... maybe we already pass the point of no return, so whatever he does now, it won't help... And added that I'm sure whatever "they" do is not in the interest of joe 6-pack but in the interest of their "friend" (bankers)... so don't hold your breath...

Re: 10/06/2010 Market Recap: Mini SPX Target 1173?

blues — Thu, 07 Oct 2010 13:26:32 -0000

Cobra, sorry to ask, but I think you had probability of employment day stats on gap close correct? I think you said gap either way are most likely to be closed on the same day, did you had a % with that?

Re: 10/06/2010 Market Recap: Mini SPX Target 1173?

blues — Thu, 07 Oct 2010 12:33:52 -0000

Unless .DXY head back down hard today (or tomorrow), look like gold is about to put up a shooting star on the weekly chart...