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In fact if RL breaks below yesterdays low (a ways off admittedly) I will go short small caps vs remaining longs in SP and DJ.

While not agreeing with the title of this thread I am using this rally to cash in some chips. Taking about 50% off the table in SP and DJ and 100% of RL.

You are right ----ET's anonymity promotes behaviour that you wouldn't see otherwise. Same can be said for online trading vs telephone dealing and online poker vs face-to-face poker.

Also look at the B-shares. They were down 6% overnight.

Not sure where you get 13,250 from because just looking at a weekly chart of the DJ, I think the market remains bullish unless we trade below the Feb 12800 prior highs. To confirm a change in trend the DJ needs to get below the 11940 low seen in March. Bulls do indeed have a lot of "wiggle"...

FAILURE of a technical setup is a techical signal/setup itself. As for program trading -I've been involved in designing various algorithms and not one of them had "fundamentals" as an input. Maybe we are just not defining program trading in the same way. dunno.

That's kind of obvious isn't it? I mean with the upward drift in stocks and stocks at record highs that strategy would back-test with good returns. But that says nothing about the drawdowns along the way. Are you being serious or just flippant?

I think it should be merged with a handfull of other similar threads....would make reading/posting easier...

way too much cheering on what is essentially a flat day......

Beginning to nibble on some Sep bund longs here 112.07. That high volume spike low earlier today must have flushed out a bunch of guys. Sentiment is way too bearish.

I have no hard evidence but I think there's an unwind going on. Selling out of tsy longs and buying back equity shorts. Just a hunch.

Until HSI gets above 21,000 i think it's a bit of a snooze..... Also watching the China B-shares market. I think a close below the 300 could trigger some fireworks on the HSI to the downside.

Now, throw into the mix the observation that professional money managers can just "feel" that the market is about to drop but woudn't dare get out of their long positions for fear of missing the next 3%. Given the historic nature of this bull the pain of missing out on further gains is...

In terms of stocks against the background of other markets I'd agree that it is very complex at the moment --many, many cross currents.

This runnup in treasury yields is actually contributing to the strength in stocks. Yes, we will reach a point where yields weigh on stocks but we are not there yet.

Bonds hitting fresh lows in US, Eurozone, UK etc. Stocks hitting fresh highs. Feels like a major trade is being unwound.

Ahead of the FOMC minutes and after the realse my call is for a continuation of this mornings bounce. I also think we grind higher into the figs on Friday. Any failure to rally is a warning sign that last week's lows need to be taken out.

Your trading account may be in USD but what do you consider your "home" country to be?

I wouldn't call it an "implosion" but it's worth noting that the B-share market closed down 9% last night and is 20% off from it's high set earlier this month.

I have not read the article but imagine there are enough sheep that follow Cramer to make a "take money off the table" call important to the extent that it will cap any short term rally. Longer term the market remain bullish as long as May lows hold.