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Chat Room "LBR Futures Live" (07/06/2009)

@Steve [16:25:07]> Tuesday July 7,2009 Economic Calender
@Steve [16:25:26]> 7:45ET: ICSC Goldman Store Sales
@Steve [16:25:35]> 8:55ET: Redbook
@Steve [16:25:47]> 13:00ET: 3 Year Note Auction
@Steve [16:25:55]> ===================================
@Linda [08:01:32]> Good Morning
@Linda [08:01:45]> SPs reacting to something!
@Chris [08:03:29]> Good Morning Team!
@Linda [08:03:39]> G8 goes on for three days
@Chris [08:18:28]> S&P traded to 898, the 60m 20 ema from the day session, that is a good area of resistannce to watch
@Chris [08:25:11]> ALERT : Good Morning Traders, we have our opening play, stock scans, futures worksheet, Futures and Stock Swing Charts prepared to view, Click here > http://tinyurl.com/ba3e
@Linda [08:40:15]> Bonds - 30 minute chart turns into a downtrend - two lower highs in place
@Steve [08:50:18]> ALERT : 8:55ET: Redbook
@Linda [08:53:40]> Looked at 120 minute Buy Div in DAX yesterday - it hit 120 minute EMA
@Linda [08:53:46]> sorry looking bear flag there now
@Linda [08:53:59]> Sps had 30 minute buy div basis the cash
@Linda [08:54:11]> hit 30 minute EMA and then some up to 60 minute EMA
@Linda [08:54:20]> Redbook shoul not be big deal
@racerx [08:59:57]> Retail sales down 4.2 YOY, first 5 weeks of JUne down -4.3% vs May
@racerx [09:00:07]> don't know expectations tho
@Steve [09:02:33]> Globex Ranges: SP 889.50-898.25 NAZ 1432.75-1446.75 DOW 8226-8296
@Chris [09:10:03]> Yest afternoon trading range high 891.75 , pivot below.
@Chris [09:24:56]> S&P will open near that 891.75 price pivot, yest close 896.00
@Chris [09:28:42]> Have a great day everybody!
@Chris [09:29:27]> no immediate play off open, 898.25 globex high to watch any morning test up
@Steve [09:30:07]> SP opens @ 892.50
@Chris [09:39:22]> S&P heaviest volume traded 888/890 yesterday.
@racerx [09:42:15]> Russel only one holding globex lows so far
@racerx [09:42:49]> ES test to tick
@Chris [09:49:57]> early tight range in NYSE TICK indicator,, mostly negtaive readings so far.
@Linda [09:52:54]> DAX back to 5 minute EMA
@Linda [09:53:00]> 892 1600 tick EMA for SP
@Linda [09:53:39]> held globex lows 3600 tick osc supportive short term
@Linda [09:56:13]> new 20 day lows for crude
@Chris [09:56:30]> Shares with the best buying off open ATI ABC FII QLGC / Shares with the best selling off open XEL CSC LLL SO
@racerx [09:56:35]> nq lod
@Linda [10:01:02]> New momentum lows on 15 minute Crude
@Chris [10:03:27]> S&P, Breath and NYSE TICK making lows
@Chris [10:04:10]> S&P @ middle of yest value area.
@Chris [10:04:13]> 888/890
@racerx [10:05:27]> lite vol so far
@racerx [10:05:34]> lighter than yesterdays
@Chris [10:09:29]> 1600 tic 20 ema 890.75
@Chris [10:12:45]> NYSE TICK keeps making lows
@Chris [10:17:23]> new momo lows NAZ , DAX , the SP is still within yesterday afternoon trading range
@Linda [10:19:22]> ALERT : 5 minute Buy Div in Aussie
@Linda [10:21:48]> 5 minute Sell Div in Bonds
@Linda [10:23:56]> SP and Crude feel 99% correlated (!)
@Linda [10:24:45]> Ticks -60
@Linda [10:28:02]> Aussie 7954 is 5 minute EMA, 15minute on buy so can get a bit more
@Linda [10:29:00]> ECB governor speaking
@racerx [10:29:45]> 886.75-893.50 S and P first hours range
@Chris [10:33:52]> NAZ, DAX consolidating after new momo low
@Chris [10:34:18]> look for retest down.
@Linda [10:34:19]> breadth -1200 every time ticks get back to zero, market has put in lower high
@Chris [10:38:21]> 884 was prior daily range low .
@Linda [10:41:27]> 6332 5 minute EMA for Crude
@Chris [10:43:43]> S&P 5m 20 ema 888.50
@Chris [10:44:01]> RUS did not make new lows
@Chris [10:44:05]> with S&P, NAZ
@Linda [10:44:16]> Wheat has near historic record number of closes below 5 SMA on daily chart
@Chris [10:44:48]> NYSE TICK @ HOD + 600
@Chris [10:54:42]> since globex high, the best bounce so far has been around 3 points on 1600 tic chart
@Chris [10:55:29]> 20 ema 888.50
@Chris [10:56:23]> NAZ 5 min should turn down again
@Linda [10:59:47]> DAX can form 5 minute buy div
@Linda [10:59:56]> close to testing yesterdays low in DAX
@Linda [11:00:16]> 4609.5 = test level
@Chris [11:08:53]> 5m 20 ema 888.50
@pocketman [11:11:52]> ALERT - Potential Sell Setting up in Gold
@pocketman [11:12:49]> ALERT Sell here in Gold
@pocketman [11:13:25]> ALERT :Buy Stop in Gold 2530
@pocketman [11:16:19]> ALERT : buy stop in gold is 92530
@Chris [11:17:41]> S&P watching for short scalp on further push up
@Chris [11:19:43]> ALERT :S&P -- short w 3 pt stop
@Chris [11:20:19]> ALERT : 891.00 stop
@Chris [11:20:34]> looking for cover on test down in NYSE TICK
@Chris [11:28:22]> ALERT :S&P -- bid to cover short as this pushes down
@Chris [11:28:31]> TICKS push down
@Chris [11:28:34]> scalper play.
@racerx [11:29:13]> dax takes out yest lod
@Chris [11:29:57]> NYSE TICK lower end of today range
@Chris [11:30:05]> NEW NYSE TICK low
@racerx [11:30:44]> outside down day in DAX
@pocketman [11:31:00]> ALERT : Exit 1/2 of short position in Gold and move buy stop on balance to 92460
@pocketman [11:32:28]> ALERT Cover Balance of shorts in Gold here
@Linda [11:32:47]> nice scalp !
@pocketman [11:32:58]> Thx
@racerx [11:35:03]> trans new lod
@racerx [11:35:12]> near yest pocket support there
@Chris [11:35:25]> RUS did not make new low with SP NAZ DOW
@Chris [11:38:09]> S&P previous daily range low 884.00
@Chris [11:38:12]> then yest 882.00
@Chris [11:38:21]> are pivots to watch.
@Chris [11:40:57]> VIX has been trending up off open, Breadth staying near lows
@Chris [11:43:50]> S&P new low, 882 next test area
@Linda [11:44:12]> bye bye
@pocketman [11:44:14]> ALERT - Buy Bonds Here :
@Chris [11:44:30]> NYSE TICK new low again
@pocketman [11:44:48]> ALERT - Move Sell Stop in Bonds at 11822
@Linda [11:51:49]> Crude 15 minute Buy div can halt decline for a bit (NOT a long though)
@Chris [11:56:14]> z
@Chris [11:58:15]> 5m 20 ema 886.50
@Chris [11:59:03]> last 2 bounces have lasted only 3 points before turning down again, 3 pts off lows = 5m 20 ema
@Linda [11:59:38]> Gold - 15 minute Buy Div
@Linda [12:00:32]> Beans casualty du jour
@Linda [12:00:48]> took the proverbial gas out of them
@Chris [12:07:38]> NAZ, DAX both 5 min charts can turn down again
@Chris [12:08:06]> SP 882.00 = yest low.
@Chris [12:12:29]> VIX keeps making new highs, Breadth staying near lows , SP getting one more consolidation on 5 min chart
@pocketman [12:13:13]> ALERT - Move Sell Stop in Bonds up to 118245
@pocketman [12:16:52]> ALERT : Exit 1/2 of long position in Bonds when we test HOD 11829-11830 area
@Linda [12:17:26]> 3 year note auction today - is supposed to go OK
@pocketman [12:23:21]> ALERT : Exit 1/2 of long position in bonds here if you haven't already
@pocketman [12:23:53]> ALERT : Reduce stop to 1/2 at 118245
@Chris [12:25:36]> DAX starting to turn down 5 m chart
@pocketman [12:26:06]> ALERT - Cover Balance of long trade in Bonds here
@Chris [12:26:10]> and NAZ also starting to turn down, SP yest low as mentioned earlier, pivot ot watch 882.00
@Chris [12:29:41]> SP new low
@Chris [12:30:38]> so far, DOW, RUS, NAS have not yet made new lows with S&P
@Chris [12:33:14]> SP can form 5 m buy divergence
@pocketman [12:34:50]> ALERT Sell here in Crude
@pocketman [12:35:11]> ALERT Place Buy Stop at in crude at 6283
@Linda [12:36:58]> -70 is limit down in the beans
@pocketman [12:38:15]> ALERT : Exit 1/2 of short position in crude here and move buy stop down to 6273
@pocketman [12:40:28]> ALERT Cover Balance of shorts in crude here
@Chris [12:41:02]> NAZ retesting lows, DAX also....SP willl see if holds and forms 5m buys around 882 or not.
@Chris [12:41:49]> Nice PM !
@Chris [12:42:28]> ALERT :S&P 5 min buy divergence pattern
@Chris [12:42:45]> reactions up have been shallow 2-3 pts
@Chris [12:42:53]> since open
@pocketman [12:45:00]> thx Chris
@Chris [12:46:38]> S&P 2-3 pts off lows = 5m 20 ema
@Linda [12:48:56]> ALERT : Wheat Buy w stop at 516
@Linda [12:51:28]> ALERT : Wheat Sell Half 522 or better
@Chris [12:52:40]> S&P getting reaction back toward 5m 20 ema
@Steve [12:54:45]> ALERT :13:00ET: 3 Year Note Auction
@Linda [12:55:08]> 3 year auction NOT expected to be any problem for the market
@Linda [13:00:15]> 5 mintue Sell Div on Dollar index
@Linda [13:00:37]> approaching the upper end of its infinate trading range once again
@Steve [13:02:27]> Yield 1.519
@Steve [13:02:34]> Bid to Cover 2.62
@Steve [13:02:55]> higher yield than expected
@Linda [13:02:59]> median yield 1.43%
@Chris [13:08:43]> S&P @ 5m 20 ema
@Linda [13:09:09]> Gold - - taking out 15 mintue EMA to upside
@Linda [13:09:21]> has SECOND hgiher low on 30 mintue time frame
@Linda [13:10:03]> has SECOND hgiher low on 30 mintue time fram- everything back to EMAs
@Chris [13:11:54]> NYSE TICK HOD
@Chris [13:14:46]> @ 3600 tic 20 ema = good short term resistance from 888/890
@Chris [13:16:41]> SP had solid selling for 3 hours, have been correcting up for 45 mins
@Linda [13:18:23]> ALERT : Wheat trading at 522 - should have been able to exit half - pull stop to 517 on balance of Wheat
@Linda [13:18:48]> this market had buy div on just about every time frame and is at record number of closes below 5 SMA!!!!
@Linda [13:19:28]> Had ugliest downtrend on the board - even worse then nat gas!
@Linda [13:19:37]> we will see if we can grab a few cents though
@Linda [13:19:46]> Gold such nice action today
@Linda [13:19:54]> did not sell off with EC bonking on lst SP flush
@Linda [13:19:56]> Silver too
@Linda [13:20:07]> like the UPTREND line that has now formed on 30 mitneu GOLD chart
@Linda [13:20:50]> Of course 932.5 would be CONFIRMATION
@Chris [13:23:02]> ALERT :S&P short with 3 pt stop
@Chris [13:23:14]> ALERT :890 stop
@Chris [13:24:59]> ALERT :S&P -- cover 1/2 885
@Chris [13:25:16]> ALERT :stop down to 887.50
@Chris [13:31:06]> ALERT : exit 887 +-
@Chris [13:31:17]> if further push hgher 888-890 will revist short
@Linda [13:34:11]> 5 minute chart had 3 pushes down with 5 minute Buy Div - thanx for pointing that out Big Daddy!
@Chris [13:34:23]> :)
@Linda [13:34:23]> After three pushes down can see A B C rhythmn on 5 minute OSC
@Linda [13:34:55]> wll look for one more push UP into Chris's shorting area
@Linda [13:35:16]> watch for 5 minute anti type of pattern to form
@Linda [13:36:03]> Crude back to 15 minute EMA
@Linda [13:37:56]> Lets see if we can push thiw Wheat a bit more into the close
@Linda [13:38:31]> 531 is 60 minute EMA maybe a stretch
@Linda [13:44:01]> ALERT : Wheat stop on balance to 519.6 now
@Chris [13:44:02]> z
@Linda [13:46:44]> Wheat - out on balance
@Chris [13:50:17]> S&P 5 min , 1600 tic pulling back a bit, will still watch for another push up ( ABC)
@Linda [13:52:42]> ALERT : 15 mintue Bear flag oN Beans going into close of grains
@Linda [13:56:54]> Index futures: one more turn up on 5 minute OSC? RVX new hgihs,,,,,,,,this is do or Die spot
@Linda [14:00:02]> Looking for one more push up on 5 minute SPs 888 steller resistance
@Linda [14:04:03]> Shorts covered on last op so used up market bullets there
@Linda [14:07:13]> 882.25 was previous low
@Linda [14:07:57]> Sps can test that again in afternoon - no play on 5 minute OSC
@Linda [14:13:21]> beans heading back down limit into colse :-)
@Linda [14:13:24]> close
@Linda [14:13:34]> -70 is down limit
@Chris [14:26:55]> z
@Linda [14:28:28]> Ticks Plus
@Linda [14:29:49]> RUS was only index to have decent push up on that 5 minute OSC......
@Linda [14:30:32]> If Russ tirns down now, SPs can go for lows
@Linda [14:32:49]> Need Rus to take out 487.70!
@Linda [14:36:09]> 884 phobia
@Linda [14:38:25]> Rus hlding 5 minute EMA for now...
@Linda [14:38:39]> JPM new hgihs on day
@Chris [14:46:08]> z
@Linda [14:47:26]> SPs = Equilibrium point on 3600 tick chart
@Linda [14:47:46]> Dont think there is much play on hourly charts today
@Linda [14:47:50]> market internals too heavy
@Chris [14:47:57]> 884 was previous daily range low, 882 = yest low
@Linda [14:48:02]> lets see if this bad boy Rus can break now
@Linda [14:48:33]> To the guys s here - it is "Ms Rus" but to us gals, it is the Bad Boy Rus
@Linda [14:48:54]> spank that bad boy
@Chris [14:49:41]> lol
@Chris [14:49:56]> gotta give it a little "whos ya daddy" lol
@racerx [14:52:22]> Below yest lod in tick
@Linda [14:52:26]> BAD BOY rus getting SPANKED
@Chris [14:53:31]> VIX new high
@Chris [14:53:39]> breadth back near low
@Chris [14:55:58]> ALERT :S&P offer short this bounce
@Chris [14:56:22]> ALERT :884.50 stop
@Linda [14:56:28]> dwonside berak fromo equilibrium point
@Linda [14:56:38]> All indexes made new lows in afternoon
@Chris [14:57:23]> small short skirt bounce, TICKS stayng negative
@Chris [14:59:06]> NYSE TICKS back to 0
@Chris [15:01:35]> ALERT :S&P cover 1/2 this push down 882 stop balance
@Chris [15:02:06]> 877 next area below
@Chris [15:05:22]> ALERT : S&P ---- 878/877 cover
@Chris [15:05:50]> ALERT :@ cover zone
@Chris [15:06:01]> bounces
@Chris [15:06:05]> will look for reshorts
@Linda [15:06:47]> 105.74 = ysterdays high in Yen, also 20 day high
@Chris [15:07:50]> 2.50-3.50 pt bounce will look for resistance
@Linda [15:09:36]> DAX 15 minute got new lows as well
@Linda [15:09:41]> All indexes new lows in afternoon and
@Linda [15:09:45]> new tick lows in afternoon
@Linda [15:09:50]> shold take out todays lows tomorow
@racerx [15:11:47]> not suprising vix daily bar outside up
@Chris [15:13:08]> TICK back 0
@Chris [15:13:11]> again
@Linda [15:13:30]> Shuold get one more 5 minute bear flag before the close!
@Chris [15:14:19]> ALERT :S&P offer to go short w 3 pt stop
@Chris [15:14:27]> TICKS plus
@Chris [15:14:37]> ALERT :883 stop
@Chris [15:15:13]> good resistance 880/882 zone
@Chris [15:15:31]> TICK +200
@Linda [15:17:50]> 85.66 20 day lows for CD
@Chris [15:18:17]> TICKS +400
@Chris [15:25:12]> ALERT :S&P --- 880.75
@Chris [15:25:12]> stop
@Chris [15:25:26]> ALERT :correction 880.50 stop
@Linda [15:28:02]> CD comes within one tick of 20 day lows
@Chris [15:29:00]> ALERT :stops @ 880.50
@Chris [15:29:17]> 5m 20 ema 882.50
@Chris [15:31:55]> ALERT :S&P -- go shot with 3 pt stop
@Chris [15:32:02]> TICKS +500
@Chris [15:32:12]> ALERT :883.75 stop
@Chris [15:32:46]> ALERT :882 stop
@Chris [15:33:39]> ALERT : stop to 881.25
@Chris [15:33:45]> 1 tick above abc up
@Chris [15:36:59]> 5 min osc corrected on a sale
@Linda [15:39:29]> BAC tweaking on both sides of unchanged so is distorting TS's SPDC
@Chris [15:43:28]> 872.75 range low
@Chris [15:44:25]> ALERT : S&P 880 stop
@Chris [15:45:24]> ALERT :cover 1/2
@Linda [15:48:40]> market breadth new lows
@Linda [15:48:48]> lets see how close we can get to 73 on balance of short
@Chris [15:51:03]> ALERT :878.75
@Chris [15:51:03]> stop
@Chris [15:52:40]> ALERT :877.75 stop
@Chris [15:54:55]> ALERT : bid to cover 874.25
@Linda [15:56:01]> Got protective stop in to lock in profits
@Linda [15:56:11]> reaching a bit just in case you have bit more sell climax
@Linda [15:56:20]> 874.50 KEY PIVOT
@Linda [15:56:41]> (previous low are a basis the cash equivalent)
@Chris [15:59:09]> ALERT :bid to cover in here
@racerx [15:59:53]> Nice trade Chris
@Chris [16:00:05]> Chris stands up the plate......gonna ring the 4pmn bell and call it a day !!!!
@Linda [16:00:11]> AND THE CROWD GOES CRAZY!!!
@Chris [16:00:35]> S&P closing under that 884 pivot..........872.75 next pivot below
@Chris [16:00:59]> break of that we will
@Chris [16:01:03]> start to see that larger
@Chris [16:01:13]> H&S top we been watching kick in , hmmm seems as if
@Chris [16:01:17]> already kicking in !
@Chris [16:01:48]> 873 and also lower keltner on the daily 862 are your 2 spots below
@Chris [16:01:52]> upside......
@Chris [16:01:56]> 5 min chart starting to get
@Chris [16:02:00]> buy divergence into the clos so
@Chris [16:02:12]> morning pop we will look at test back to that ema
@Linda [16:03:32]> Trend Day down today - anyone up for Z day tomorrow?
@Linda [16:05:43]> BEAUTIFUL cover
@Linda [16:05:51]> nice feeing to go home flat :-)
@Linda [16:05:57]> See ya online tomorrow!
@Chris [16:06:08]> Have a great night everybody !!!!
@Linda [16:06:17]> night!
@Chris [16:06:18]> We will see you early am !
@Steve [16:08:10]> Good Night!
@Linda [16:13:10]> ahhhhh 5 minute EMA