By Sellputs
What the hell is this?
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| NDX 1 min |
Nuclear Power, It’s No Contest
2 hours ago
Thursday, March 31, 2011
CRUDE OIL SPIKING THIS MORNING (USO)
Interesting price action in crude morning sending the price to near the highs of front month contract...
Tuesday, March 29, 2011
The S&P's & NDX Trading On Highs After Hours (SPY)
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| ES_F 1 min |
Another interesting trade today... The index's were bid today after they ran all the sell stops off the open, piece of cake right? Yeah i know it is much easier to talk about price action then to trade it.....but if you are trading what you see and not what you think you would have realized the price action this morning was turning bullish after we kissed 1300.25 and failed to make a new low.
Once the new low failed we got a nice buy program which jerked the bid chasers up to 1308, a second pushed us to 1311.75... The stair step pattern was in full affect today, you cannot fight the QE3 front running hedge funds taking up positions ahead of quarter 2 ....We are back in the "high beta madness" game... Though on the contrary Apple traded rather lethargic once again today... Apple moved into the green at the close as a nearly 500 million dollar buy imbalance came over the tape sending the spoos and ndx racing to highs...
Monday, March 28, 2011
Weekly S&P500 Monthly Chart Worth Digesting (SPX)
I draw the lines... You Draw your own conclusions... The 1300 level is upon us in the ES_F....
Apple Trading Lethargic as The Nasdaq Weakens (AAPL)
UPDATED APPLE 1 min.. ------ My weakening thesis was correct....
Today is shaping up to be another snoozer with a few individual names acting out.. The index's are doing nothing but chopping around back and filling...
The NASDAQ is leading the show today with it's weakness, lets see how the afternoon shapes up.. i would not be surprised if we trade back up to near highs and chop around flat.. One decent sized program pushed us higher this morning, a lack of volume combined with a tired and overbought market on the 30 min frame bought us back down...
ORignal chart below.
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| aapl 1 min |
The NASDAQ is leading the show today with it's weakness, lets see how the afternoon shapes up.. i would not be surprised if we trade back up to near highs and chop around flat.. One decent sized program pushed us higher this morning, a lack of volume combined with a tired and overbought market on the 30 min frame bought us back down...
ORignal chart below.
Friday, March 25, 2011
What Trend. This Is NO STINKING TREND (QQQ)
What a piece of shit this market has been this week? Last week looked like hell had frozen over and nuclear holocaust was on the horizon... This week all problems have been solved.. Nothing a billion dollars in fresh crisp dollars cant solve... Take a look at the nasdaq 5min chart below..... un-tradable trend... Interesting anomaly is the W pattern the NDX had yesterday off the open when finalized in a massive buy program taking us to highs... what happened today? a W pattern and a buy program taking us to highs....
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| NQ_F 5 min |
Thursday, March 24, 2011
Crude Oil Consolidating This Evening (USO)
UPDATE:
Interesting trading pattern forming on the 1 min... looking like it could go anywhere off the 105.40 level....ORIGINAL chart below.
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| CL_F 1 min |
MASSIVE INDEX FUTURE SPIKE AFTER HOURS (SPX)
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| SPOOS and NDX spike.. |
When i say weird, i mean bat shit crazy correlation(s) and correlation break downs, ridiculous exaggerated moves up/down and the 50 or so buy programs which have gone off this week... check zerohedge for a interesting NOTE.
Very Similar S&P500 5 min Yesterday & Today (SPY)
Inverse head and shoulders.... buy it up.. problems solved.. no but really the trend is interesting today.. looks like we head higher into the close if we keep getting more bad news LOL.
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| ES_F 5 min |
Wednesday, March 23, 2011
NDX Chart update: The 2262/2250 Channel Played Nicely (QQQQ)
I posted a chart earlier this afternoon highlight the 2250/2262 channel in the NDX which has been in place for most of this week.. I suspected if the price broke over 2260-2262 buyers would come in or sellers under 2250.. The bulls prevailed, they took the NDX clear up to 2274 after the 2260 breached triggered a buy program resulting in a 10 handle 5 min candle..
Index futures are quiet tonight.. I will be watching Crude downside as the dollar firms up in the face of European and specifically Portugal's crisis... Gold also showing hints it wants 1500, the sleeping giant.
Watch For Crude To Break Down Tonight (USO)CL
Crude is trading tighter and tighter to the 105.40 level after the push over 106 this afternoon.. As i have been hinting long crude is the easiest way to trade this commodity in the face of multiple continent stability issues..
Keep your stops tight if you are not micro managing like myself if you are buying off the 105.40 level... I feel if the level goes we could see 104.50 easily...
This evening i saw a heading states increased gasoline demand was the reason why the markets rallied today... that i my mind is total cop out by the mainstream media who still refuses to accept what is driving our markets, and it not fundamentals... Economists are not the ones you need to be listening to... listen to those who trade this tape every day.. we are the ones who are embedded within the tape day in an day out...
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| CL_F 5 min |
Watch The 2262 / 2250 Channel in the NDX (QQQQ)
These levels have been providing a ping pong court for the nasdaq the past few days... a move above or below could make for good scalping opps in the direction of the break out.
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| NDX 5 min |
Tuesday, March 22, 2011
Very Similar Goldman Sachs 5 min Chart (GS)
Notice yesterday's and Today's trends.. very similar with a downward skew..... Watch the 160 level tomorrow on the downside for support.. below could move quick.. The financials are acting a bit odd last few sessions after all the divvy announcements. chart below
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| GS 5 min |
Bullish Crude Tonight ... (USO)
SPOOS and NDX trading down a bit as the DX_F gapped up on the open which i suspect is in relation to the European debt crisis' headlines heating up.
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| CL_F 5min |
Monday, March 21, 2011
Nasdaq 5 Min Chart You Should Watch Into The AM (QQQQ)
2252 has been breached to the downside.. watch 2250 for some stickyness..
The Bubblin' Crude Oil.. Libya & The Fleecing Of America (FAZ)
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| 5 min CL_F |
First - We have the AT&T/T-Mobile M&A deal (dumb IMO, anti competitive)
Second - The Citigroup announcement they are reverse splitting their shares 1 for 10
Third - Charles Schwab (the Walmart of brokerage) announced it is purchasing OptionsExpress for 1bil$
Fourth - Market rallied in the face of nothing
My thoughts on the Citigroup reverse split... "fleecing".... the stock is under 5 bucks because
A. Citi fucked up the past 10 years
B. Citi diluted the piss out of their share structure.. Again the fault lies in point A.
C. Many option firms base their strategy on exploiting the large volume in Citi options, NOT good for option volumes and market volume as a whole.. C volume will drop from 500-1bil to less then 50 or so million shares a day.
D. On a positive note, HF trading gets kicked in the nuts. Today volume was very low on the index's and C. Stock was off heavily... Foreshadowing?
This market is back up to it's wonky correlated low volume slide of hand trends... The futures were bid
CRUDE Weakening IN an UNSURE MARKET (USO)
UPDATE
The consolidation pattern has broken down.. though remember this market is still unsure and very volatile. ORIGINAL CHART BELOW..
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| 5 MIN |
INTERESTING Goldman Sachs 5 Minute Chart (C)
C and GS both failing amidst the jubilance all world problems were sold last night.
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| $GS 5 mn |
Nasdaq 1 Min Rising Channel Forming (QQQQ)
Interesting bullish price action today across the index's have me a little concerned though.. this is a market where you trade what you see not what you think.....Take a look at the chart below...
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| NDX 100 - 1 min |
Sunday, March 20, 2011
THE CRUDE 1 MIN you MUST BE WATCHING (USO)
Larger time from CL_F chart.. notice extension out of the upper channel
Hello TOMAHAWK(s) .... 124 blasted so far..
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| weekly |
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| CRUDE 1 min |
Saturday, March 19, 2011
Operation "Odyssey Dawn"- Saturday Afternoon Inspirational Music (outkast)
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| FRENCH Figher Plane Crashing Saturday afternoon |
Inspirational video below...
The French HAVE BEGAN AIR MILITARY OPERATIONS OVER Libya (FAZ)
What i find interesting is Libya could be another IRAQ type scenario setting up, who knows how far the uprising could escalate. Another uprising all over oil..One interesting aspect of Libya's uprising is they do have AIR support... the US has not fought a country in decades who actually have a air force....
Friday, March 18, 2011
THE APPLE 5MIN Chart you SHOULD be WATCHING (AAPL)
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| 5 min aapl |
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| AAPLE 5 min |
Thursday, March 17, 2011
Bank of Japan Intervenes Again.. Yen Over 80. Whew (EWJ)
Say hello to the new regular... The EU just approved a 10trillion yen loan to Japan for earthquake rebuilding... With the fresh printed loot the BOJ bought up US dollars sending the DX up to 76.76 and index futures around the world surging. I agree with zerohedge when he says interventions are needed in scenarios like Japan, NOT when bankers make stupid decisions. Fuck the bankers in the US, they fucked themselves up.... Check the chart below...
lloyd blankfein Leaving Goldman Sachs Next Year? (GS)
Funniest part of the wire .. "Gasparino said Goldman refuses to deny the rumor"
giddy up.
markets coming in a bit..
CRUDE OIL ON A MARCH TODAY - Hello 101 (USO)
SECOND UPDATE SHOWING BREAKOUT TO 103
updated with break out over 101
Check out this very neat 15 min trend in crude oil futures... perfect straight up.. 101 in sights...... Libya
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| 15 min- notice how the ascending triangles work....... |
Check out this very neat 15 min trend in crude oil futures... perfect straight up.. 101 in sights...... Libya
APPLE Near the APEX @ 338.50 ON 5min Chart (AAPL)
Apple gets downgraded yesterday and upgraded today for the same reason it was downgraded yesterday.. supply chain issues... ok great... apple is arguably weak and today has bounced nicely... if you take a look at the chart below you can see we are nearing a point where apple could make a move higher or lower but a move is imminent in my opinion. Place your bets. 350 upside 330 downside...
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| AAPL 5 min |
Wednesday, March 16, 2011
APPLE Struggling After Downgrade (AAPL)
The almighty one is trading down today after a early morning downgrade and delay in IPAD2 deliveries in the Japanese region. The stock has broke key levels of 340 - 338 and 335. At this point apple is the sole driver of the nasdaq... Below is a daily chart of APPLE..
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| Daily apple |
WATCH THIS S&P 5 MIN Chart INTO THE CLOSE (SPY)
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| ES_F 5 min |
The market only bounced because of the extended POMO... this in my opinion is a blatant admission the by the fed they are using the POMO to curb market volatility... "pomo extended due to recent market volatility". Enough said.. it worked. Though APPLE still on the lows..
Keep an eye on those reactors..... This morning might have only been a teaser...
Rapper Nate Dogg Dies...
One of the original OG's .
TMZ reports - Nate Dogg's family believes the singer's death was caused by complications stemming from the two strokes he suffered over the past couple of years ... this according to the singer's close friend and manager Rod McGrew.
The statement continues, "We know that Nate will be hanging out with his good friends 2Pac and Biggie."
TMZ reports - Nate Dogg's family believes the singer's death was caused by complications stemming from the two strokes he suffered over the past couple of years ... this according to the singer's close friend and manager Rod McGrew.
The statement continues, "We know that Nate will be hanging out with his good friends 2Pac and Biggie."
Crude OIL Back In The Saddle Again (USO)
After days of selling CL_F is up over 2 % today back over the 99 level.. Perhaps people are realizing the global crude supply chain is all screwed up. Perhaps time to back the truck up? Time will only tell.. oh and remember we have 3 leaking reactors in Japan. Good day
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| CL 5 min |
Tuesday, March 15, 2011
The 1 HOUR S&P500 Chart You MUST Be WATCHING (SPY)
UPDATED CHART.. highlighted with oval
We are nearing the apex of a nice little bear flag bounce/bear trap... Look for a move here into the new day.... the 1 hour chart is below.. below the 1 hour is a Daily ES_F chart.. NOtice how the 1272 level broke and we fell like a rock to nearly 1250... These levels are real, do not get caught on the wrong side of a trade because you 'think' you know what is happening.. Trade within what you see on the charts.
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| 15 min |
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| 1 hour spoos |
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| DAILY spoos |
Fukushima Plant Update: Fire at Reactor #4 (NUCL)
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| "Fuel rods damage at Fukushima's 2 reactors estimated at 70%, 33%" - ZeroHedge |
We all know the markets historically ignore the current underlying economic situation, usually trading ahead of it. I would remain very cautious before you you go out and buy the fucking dip 'BTFD'... You buy the wrong dip and you wont have a second chance.
The report of a fire at reactor #4 and the potential dropping of borric acid on the core with helicopters screams desperation.... The futures came in off their regular session highs trading below 1270 on news of this new 'issue'. No amount of POMO cash can save us from nuclear fall out. remember that.
S&P's FUTURES UPDATE BELOW:
Monday, March 14, 2011
Is The Black Swan Upon US? (FAZ)
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| ES_F 5 min |
OIL Could Fall To 99 Easily..And Maintain Upward Channel (USO)
UPDATED chart.. notice white OVAL..
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| 5 min |
WATCH BELOW 1273 ON THE DAILY S&P500 Chart (SPY)
we broke 1275.. 1272 on deck.. then 1260 comes up... then boom...
Two Crude Oil Charts To Keep Your Eyes On (USO)
Yes the price has fallen out and risen above the channel on a few occasions though the channel still remains in tact and in play in my opinion. The boundaries have presented many pivot points.. These points do not come out of thin air... there are not many coincidences in a very technical market. The 30 min chart is below the JUMP.
3rd Major Explosion at Fukushima Nuclear Plant (NUCL)
What is known is the fuel rods have been come exposed multiple times because pumps used to inject the sea water have been having fueling issues.
(Cnn writes) - "Yukio Edano, Japan's chief Cabinet secretary, said he could not rule out the possibility of a meltdown at all three troubled reactors at the Fukushima Daiichi nuclear power plant in northeastern Japan.
While sea water was being pumped into the reactors in an effort to prevent further damage, "It cannot necessarily be called a stable situation," Edano said early Tuesday."
In my opinion it is time for the authorities in Japan to start telling the whole damn story, this is not just an issue with Japan this is quickly becoming a world wide issue as radiation reaches the jet stream. Think Chernobyl ...
