Comments on: Intraday Commentary ~ 07/20/2009

By: Alex

Alex — Mon, 20 Jul 2009 23:29:41 +0000

If All Else Fails…

Try “Seasonality.”

http://lh5.ggpht.com/_APmrYvpA45s/SmTog8yxtrI/AAAAAAAAD54/oFo2u5s-e3s/s1600-h/Seasonality%5B2%5D.png

h/t Cobra

By: FLguy

FLguy — Mon, 20 Jul 2009 22:46:08 +0000

Above 956 I’ll ditch hedges. Til then, caution

By: momoney

momoney — Mon, 20 Jul 2009 22:36:51 +0000

so, according to the chart since we closed above 950 we are going to 1000!

By: TNbear

TNbear — Mon, 20 Jul 2009 22:01:06 +0000

One trader with a technicians bent noted that the 3.72 percent level on the 10 year note was approximately a .618 Fibionacci retracement of the 4.00 percent to 3.25 percent move.

Finally, Chairman Bernanke will speak (ex cathedra) tomorrow before Congress when he will enlighted the assembled lawmakers about the FOMC outlook for the economy and interest rates over the remander of the year. In advance of that testimony trading shorts are busy covering.

source:Acrossthecurve.com

By: FLguy

FLguy — Mon, 20 Jul 2009 21:51:36 +0000

http://1.bp.blogspot.com/_TwUS3GyHKsQ/SmI7EOgUfmI/AAAAAAAABHs/rFjvd9azG-Q/s1600-h/950.png

Works for me

By: Anjali

Anjali — Mon, 20 Jul 2009 21:05:57 +0000

Texas Instruments (TXN.N) on Monday posted a drop in quarterly profits as chip demand fell along with sales of cellphones and other electronics due to the weak economy, but it said sales would improve this quarter.

By: nubear (w/ hair and claws!)

nubear (w/ hair and claws!) — Mon, 20 Jul 2009 21:04:28 +0000

Thanks Morris–appreciate your input and wish you continued success! What you may or may not realize is that some on this site are looking for bottoms or future trends, not necessarily trading intraday. Although I have done both, it has become apparent that a micro approach is not acceptable. In looking at various charts, long term is becoming more viable (for me). Making a reasonable return now depends on how much you are vested, along with holding period. I am personally becoming more bearish on these charts–may just join Uner in the garden, although tennis is what I prefer.

By: Anjali

Anjali — Mon, 20 Jul 2009 21:03:51 +0000

I agree – well articulated bullish balance. …. I hope you stay ..

By: Anjali

Anjali — Mon, 20 Jul 2009 20:54:39 +0000

I know a couple of other people have also been seeing some other sights for more bullish inputs …. can you share some that have worked well …. Ve or Valerie … I think you had mentioned finding some good one out there …

By: FLguy

FLguy — Mon, 20 Jul 2009 20:52:26 +0000

I have appreciated your posts.