3/11/2010: Trader Talk: Something stands out today with a A-D 1000-1700 down. The up-down Volume is positive. Thats a “tell”. Meaning we still head higher. (10:40 am)
March 11, 2010, Posted by ttbm at 10:43 am
Related posts:
- 3/22/2010: Trader talk : The Put-Call Ratio increasing as the up-down volume reaches 10-1 down on the open. A real fear of SPX1150 breaking… We like to see this as the market continues its Transition and Topping phase. (10:28 am)
- 3/1/2010: As the market “creeps” higher, we feel the short is not covering and the long is not chasing yet. Translation, we still head higher. Maybe not much more than SPX 1117 today. But we still envision higher prices. Psychology in our view is not where it needs to be for this to be a top. (12:18 pm)
- 3/18/2010: Trader Talk: As the “Talk” on the street is that the Fed will increase the discount rate. (Shorts spreading rumors? ) Our feel in here is that the market will dig in. As the DOW tries to extend it’s 7 day run, we feel that it will be close– $INDU 10740-10752. (2:04 pm)
- 3/16/2010: Trader feel: We have rallied as expected, now we take a closer look… With Gold, Crude and the A-D volume at 4-1 we would have expected to see better market action. Add in the weakness in China related names and we question just how sustainable this rally will be. Though we continue to think a shade higher, we are on the verge of a major trend change. Our strategy is to tighten stops and sell on any further strength. (12:07 pm)
- 3/12/2010:A few subtle signs in the tape… As the up vs down volume comes more toward flat, we would expect the SPX to dig in at this level $1146-1150. It feels to us that the short is afraid to put on positions in here. Hence the low volume. Our call is still higher. (2:00 pm)
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