19 replies to this topic

[arbman]

http://ichart.financ...,^IXB,^IXU&.png

^IXM is the financials, they are outperforming the SPX at the moment, I agree depending on this rally, there will be another test, there is still quite a bit damage out there, but it is recovering rather than deteriorating, imho...

[A-ha]

http://ichart.finance.yahoo.com/z?s=^GSPC&t=1d&q=&l=off&z=s&c=^IXY,^IXR,^IXE,^IXM,^IXT,^IXV,^TXV,^IXB,^IXU&.png

^IXM is the financials, they are outperforming the SPX at the moment, I agree depending on this rally, there will be another test, there is still quite a bit damage out there, but it is recovering rather than deteriorating, imho...

That is an intraday event. It is already over and again, banks will crack before anything else out there if we get a reversal today which I strongly expect

[eminimee]

Added to nq short at 2117....no stop now....hedged with es until further notice...I expect breakdown after noon or 1pm eastern

Edited by Teaparty, 26 September 2007 - 10:35 AM.

[arbman]

That is an intraday event. It is already over and again, banks will crack before anything else out there if we get a reversal today which I strongly expect

The way I see it is the banks have been the worst performing sector and managed to put a higher low and now bouncing better than SPX, I see a little bullish divergence there...

We'll see if it closes lower for the day, but EOQ mark up is after today.


The small caps are also playing a different tune.

[eminimee]

http://stockcharts.com/c-sc/sc?s=$OEX&p=15&yr=0&mn=3&dy=5&i=p46143158212&a=89308538&r=5522.png

[arbman]

None of the gaps are also closed on the major indices, a prestine gap up day?

[risktaker]

The way I see it is the banks have been the worst performing sector and managed to put a higher low and now bouncing better than SPX, I see a little bullish divergence there...

$BKX +0.51% underperforms the market.

Edited by risktaker, 26 September 2007 - 10:43 AM.

[A-ha]

added to ES and NQ shorts @ 1539.5 and 2115 respectively

[arbman]

I had to hedge one more time after the banks started to retreat. I think I will ride it out with these positions, many of my positions doing still quite well...

[arbman]

Cashed half of the hedge a little earlier for a modest profit, staying long for the EOQ mark up. The A/D is still positive, the breadth is leading to the upside, imho...

Edited by kisacik, 26 September 2007 - 02:17 PM.