10 replies to this topic

[NAV]

That's why i shorted bonds. Bought some Aug 84 TLT puts. If the stocks can't rally despite a rally in bonds, well that's why i am already short the NQ Good luck trading all !

[ogm]

Not sure I see the logic, but good luck Seriosuly, though, bonds are rallying despite Fed talking tough about inflation. Something doesn't add up. Financial stocks are the biggest drag on the market. Yesterday I saw some set ups that I tried to trade, and I was wrong, they just keep on selling. Weakness in brokers and financials is overwhelming, and bonds are going up, despite inflation talk. Hmm....

[eminimee]

Equities just might be seeing this....won't be good if we are topping a 4th

http://stockcharts.c...1061&r=9255.png

[NAV]

Not sure I see the logic, but good luck


Seriosuly, though, bonds are rallying despite Fed talking tough about inflation. Something doesn't add up.

Financial stocks are the biggest drag on the market. Yesterday I saw some set ups that I tried to trade, and I was wrong, they just keep on selling. Weakness in brokers and financials is overwhelming, and bonds are going up, despite inflation talk. Hmm....

Logic ?? - Both are countertrend bounces at this point, until proven otherwise.

[rkd80]

Today's red close would prove Nav definitively. Every rally is being sold and the price action is sorry looking. Despite the end of month, EOQ positivity the market cannot seem to mount anything. That being said, a chop is more likely into the 4th than anyting else, more DTing opportunity as i see it.

[peregrine]

One could make the case that Bonds are stealing some liquidity from stocks....in a decreasingly liquid environment.

Note the February period where the ratio jumped the 20 EMA. Stocks didn't fare too well during that period, I recall.

http://stockcharts.com/c-sc/sc?s=TLT:$...9537&r=7975

Edited by peregrine, 29 June 2007 - 01:21 PM.

[skyymaster]

For the most part this week it was green till about noon then they sold it. If the pattern continues, is shoudl gap up monday and sold off again.

[ogm]

Here is what I have. Now keeping in mind the daily chart looks pretty ugly, this one can really go either way, IMO. looks like we can move either side of 150 here.

Internals must rollover, though, and they are haven't yet, at least from my persperctive.

Edited by ogm, 29 June 2007 - 01:38 PM.

[NAV]

Here is what I have. Now keeping in mind the daily chart looks pretty ugly, this one can really go either way, IMO. looks like we can move either side of 150 here.

Internals must rollover, though, and they are haven't yet, at least from my persperctive.

Come on now. We can't make money sitting on the fence.

[ogm]

Come on now. We can't make money sitting on the fence.

Can't lose any either

This whole market is on the fence at this point. Can get chopped up to pieces with overexposure.

I was short, and got out just in time. Now stopped out of Long Qs too. Though it might be a mistake.

Honestly trading individual stocks sectors works better for me here. Market really split. Some stuff trending down, some still trending up. Hence indecision in the charts.