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Yes, see my post right before yours.

As a rule, never short ES if NQ has made a new high and ES hasn't. This is a basic tenet I have taught traders throughout the years, especially once you get past 1:30. That is not to say it isn't a short later on, just be aware of that timing.

Tip: note today's auction at 2% for the ten year and understand that for the next week or so, we will gravitate back to that area if we move too far away. That helps you gauge equity ranges. Example: yield climbs to 2.1%, there will be demand since the auction was lower at 2% and that will...

The weak ten year auction is setting up a bid in equities. Don't fight the bond market's negativity today, at least until we get closer to the final hour.

I put out the note at 15:27, when ES was still at 1138.

ZN had resistance all day at 50% IB, NQ could not even break IB on the downside. Simple, easy clues for those who care to look and not get stuck on one index.

It's even easier than that. I trade ZN as well, to add juice to trades for very little margin, and note how it got slammed overnight and could not catch a bid all day. Hedge funds park their cash in treasuries, not banks anymore. So when you see that, you know they are shuffling the decks. Simple.

Indeed. The squeeze is on. Op-ex run to SPX 1200 very likely.

Shorts are starting to get very nervous, the swing are wild. VIX should drop sub 30 by next week, this kind of activity often signals a bottom is near, if not already in. The trendline held, August lows still not violated even with all this bad news. If NQ closes above 2160, it's over for bears...

What a battle. 50% IB at NQ 2155.

Major effort here to try and hold QQQ 53. This is op-ex after all.

Resistance so far is simply the 20 dma for NQ.

I agree especially today, an event in the after hours with low liquidity can wipe you out in a millisecond.

And AMZN, and NFLX, and ARMH, and BRCM and GOOG and biotechs etc...all on rotation at one time or another. Furthermore, AAPL has been reduced in weight for NDX. But who cares, since AAPL IS pretty much the market. NDX has always led, up or down because NDX is risk appetite, with high beta...

Only a dumb hick would call Social Security a Ponzi scheme and think he will win Florida. Even Cheney agrees: http://abcnews.go.com/WNT/video/dick-cheney-rick-perry-14467031

NQ bounces off RTH hourly trendline support in the ETH session (2135) (8/23 and 9/5 points). In other words, the uptrend from August 8/23 in the RTH is still holding for NDX, the leader of equity markets.

Strong is one thing, dumb is another. Perry is dumb and Americans will not elect a dumb hick from Texas again.

Patriotic rally coming on the full moon?

Clinton got elected twice, Obama will get re-elected. Same logic.

Perry will never get elected. Anyone who prays for rain, while cutting the fire department budget ahead of massive wildfires, is a dangerous simpleton that should not be near the White house.