I hope XLF closes above 16.09 tomorrow as it would provide a good weekly setup
XLF currently has 6 consecutive higher closes than opens on the weekly, in the last 249 weeks XLF has no occurrences more than 7 consecutive higher closes than opens
Then Alsha wrote this: However I do find it a bit strange that JPM is a consistent participant of this little game on the SPY, while SHI Capital (name is ironic I find) is always there to buy this market for a large paper buyer when these funny events happen… Both JPM and SHI usually come in at the same time but one is on the ETF, while the other on the futures. They seem to always be there to save the day whenever the market is about to fall off a cliff.
Futures now all the way back up to 1168 from 1162.75… I'm getting really tired of their games personally, and thats why I'm always scared to death of holding EOD shorts into the close.
I wasn't talking about TZA. Alsha posted this on ETF-corner:
That was the weirdest selloff I've seen in a while.. market depth on SPY showed a large buyer consistently below the market buying 80,000 to 500,000 shares a tick into a price collapse, absorbing all the selling pressure without causing a severe adverse movement in price.
This was done in two controlled spurts to create the illusion of a momentum divergence on a small time frame, causing all day traders who caught this move to pull out for fear of being eaten alive by a buy program..
As order flow of short covering comes in, a bit more of a push from this buyer this time close to the market causes a huge bullish candle, and voila, the sell off has been averted.
Be careful if you remain short this market. This is not a normal market…
I hope XLF closes above 16.09 tomorrow as it would provide a good weekly setup
XLF currently has 6 consecutive higher closes than opens on the weekly, in the last 249 weeks XLF has no occurrences more than 7 consecutive higher closes than opens
Then Alsha wrote this:
However I do find it a bit strange that JPM is a consistent participant of this little game on the SPY, while SHI Capital (name is ironic I find) is always there to buy this market for a large paper buyer when these funny events happen… Both JPM and SHI usually come in at the same time but one is on the ETF, while the other on the futures. They seem to always be there to save the day whenever the market is about to fall off a cliff.
Futures now all the way back up to 1168 from 1162.75… I'm getting really tired of their games personally, and thats why I'm always scared to death of holding EOD shorts into the close.
I wasn't talking about TZA. Alsha posted this on ETF-corner:
That was the weirdest selloff I've seen in a while.. market depth on SPY showed a large buyer consistently below the market buying 80,000 to 500,000 shares a tick into a price collapse, absorbing all the selling pressure without causing a severe adverse movement in price.
This was done in two controlled spurts to create the illusion of a momentum divergence on a small time frame, causing all day traders who caught this move to pull out for fear of being eaten alive by a buy program..
As order flow of short covering comes in, a bit more of a push from this buyer this time close to the market causes a huge bullish candle, and voila, the sell off has been averted.
Be careful if you remain short this market. This is not a normal market…
when you click the hyperlink to view the picture you can select All Sizes at the top of the picture and it will blow up the picture
both containment pts. are in the upper 169's
Monica, I was kidding Earl. there was not a 20k order on tza.
Sundancer, Thanks for the info. It is hard to read your charts due to size. What is the price at that point? It look like it is sitting on them now.
GS daily containment setup
http://www.flickr.com/photos/47091634@N04/44793…
it's currently sitting on it's 2 most important containment pts. from the past 4 months. Grey & Purple.
the market will crack when GS takes out it's grey & purple containment
Carl at day’s end:
1155-1166 estimate for today (11 points)
1161.25 -1170.50 actual today (9.25 points)
Today’s range was 4-6 points higher than Carl’s.
Trades:
In /ES at 1166.25, sold at 1164.25 today. (loss of 2 points)
Grade: D (lost some money)
SPY hit max contianment on the 60 min during the afternoon low which is hit #5, the dam isn't going to hold much longer
given the IYR setup, it looks like more sideways to slightly up tomorrow, unless we get a monster gap down
aaaaaaaaaaaaaaaaaaaaaaaaahhhhhhhhhhhhhhh!