09/15/2009 白天灌水

Cobra

小高开，应该会补。

 

 

 

Chart B:  Liquidity Inflows and Outflows

Liquidity inflows are critical to the market's action.   If indicators are weakening while Liquidity is flowing in, then the liquidity inflow will take precedence and hold the market up.   Liquidity inflows had an up tick while in extreme high territory.  This is still very high, so we could see some unusually high volatility in the markets when profit taking starts to come into play.

 

Chart C:  Institutional Accumulation/Distribution

The Institutional Investors were in Accumulation with the Buy/Sell spread increasing slightly.  Institutional buying increased slightly, and Institutional selling decreased slightly.   This is still a WARNING condition, because Institutional Investors have their buying in a down trend with lower/highs and lower/lows and their selling is in an up trend.   Institutional Investors are very smart ... how many times have we seen them take the buying and selling lines to equal (just touching each other), and then whipsaw Accumulation back up faking everyone out?  So, this is a cautionary warning where we need to watch what they do carefully.

*** Conclusion on the above charts:  Conditions are still net positive but showing a duress condition.  Also, the major indexes are showing MACD negative divergences building which have been increasing risks levels.

tst2007

sofa

我是谁

sofa

2001ht09

morning

imegy

1# Cobra

Cobra

FRIDAY IS TRIPLE WITCHING EXPIRATION: Let
us repeat our comments of the past two trading sessions
for they remain as valid today as they did then. The
remaining 4-trading sessions of the week may hold more
fireworks than the normal expiration given the open interest
of various S&P strike prices. The reason: we see very high
open interest in the September 1000 calls of roughly 400k
contracts – albeit some have been exited, which may have
the adverse reaction of causing traders to take their
enormous profits and “go home.” Hence, this level is likely
to prove a magnet – which is a “long way lower” given the
S&P futures are ticking at 1051 this morning.

ppteam

european stock markets are all up;
Ben speaks at 10, or 10:30?

ziteng_rhein

Fan8an

morning

yoy_158

发

sjxzl87

morning

ForeverExplorer

Ding Ding

mikeqc

new high

Cobra

This morning's gap higher, currently indicated to be about +0.3% to a new multi-month high, should be further confirmation of the breakout, but similar openings haven't been all that bullish lately.  Since the March low, there were 8 other days when the S&P (using the SPY exchange-traded fund) gapped up +0.25% or more to a new three-month high.  The S&P closed lower than the open 6 of the 8 days, and gave back the gains in the day(s) ahead the two other times.  For what that's worth.

xz214

happyface

morning all

flovestock

xiexie

ieeee

morning

temujin

thanks

pfc2008

morning