Comments on: Intraday Commentary ~ 06/30/2009

By: 3min

3min — Wed, 01 Jul 2009 03:29:11 +0000

I could not disagree more…but that is what makes a market!

By: ckeltner

ckeltner — Tue, 30 Jun 2009 22:45:25 +0000

My plan is to close my shorts tomorrow. Jobs on Thursday, i think this we will finish the down move tomorrow (sell the rumor on the jobs) and then up into the weekend.

By: JamesBrrando

JamesBrrando — Tue, 30 Jun 2009 20:59:24 +0000

fyi: they usually rally the market into the july 4th weekend….i would be short at eod july the 2/3rd, whenever they close it

By: Richard (goingcrazyagain-pb)

Richard (goingcrazyagain-pb) — Tue, 30 Jun 2009 20:20:18 +0000

came back for the close and bought 1,000 FAZ at $4.65 …. the 50% retrace of todays move. im expecting this to be an ABC move for FAZ at the least.

A = $0.21 @ $4.75
B= 50% retrace $4.65
if C=A= $4.86

im using the candle bodies as per usual.

movers are late wont have internet tomorrow so im setting a stop on my FAZ at $4.57 —dont trust these stops but ive done it to myself

By: Optic

Optic — Tue, 30 Jun 2009 20:17:24 +0000

Wednesday Jul 1

Bank Reserve Settlement

Monster Employment Index

Motor Vehicle Sales

MBA Purchase Applications
7:00 AM ET

Challenger Job-Cut Report
7:30 AM ET

ADP Employment Report
8:15 AM ET

ISM Mfg Index
10:00 AM ET

Construction Spending
10:00 AM ET

Pending Home Sales Index
10:00 AM ET

EIA Petroleum Status Report
10:30 AM ET

By: FLguy

FLguy — Tue, 30 Jun 2009 20:15:57 +0000

Whew!
Closed 60%
GS +10%
UNG – 30%
MSFT +6%
VIX Ps +15%
Held onto TBT calls +11%
NO bid on NOK calls (flat)

Betting on 923 then rollover to the red team.

By: Anjali

Anjali — Tue, 30 Jun 2009 20:14:44 +0000

Thanks Woo …

By: woo

woo — Tue, 30 Jun 2009 20:13:39 +0000

i REALLY should start blogging again on the main stocktock site, but i’ve been so busy that i haven’t had time.

maybe i can make time tonight or early tomorrow morning to post some comprehensive thoughts and possibilities.

either way i’m not leaning heavily north or south, this area is actually really hard to call because the possibilities for a rise or a fall are 50/50 since what i believe is the 3 wave minimum has finished.

i’ll try and post some counts and explanations. won’t be a golden standard or a know-all tell-all, but it’ll have some fun facts everyone can pull and make their own decisions from.

By: Anjali

Anjali — Tue, 30 Jun 2009 20:12:25 +0000

Yes – one way to look at it ….

but if you look on the 60 min chart … the start of the wedge pattern on 23 june also forms the head for the inverse H&S

By: M

Tue, 30 Jun 2009 20:10:09 +0000

Excuse me but OB is far from an innocent inheritor of previous administration’s problems. Timmay is doing all kinds of mischief and he is a front runner for this administration’s policy.

So whether the proposal was pre OB or not is irrelevant. They are pushing it through NOW. When you’re the Captain and it happens on your watch then it’s your responsibility. That’s how it works.