ES Journal Archive (2009 - 2010)

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Quote from Brendan R:

short at 953.50, stop 960
target 930

risk: result of the 30y bond auction better than expected
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Y 30 yr auction better than expected. And now treasuries rallying. If it the start of a reversal in treasuries could very easily be a reversal in equities. Negative correlation between bond prices and stocks has been extremely strong since March.

And I agree this can easily be headfake - in fact the charts needed a higher high - at least in cash SPX daily before the could reverse imo.
 
Quote from riskymove:

Defintiely been bullish since the open - I am just saying I believe the monkey wrench is coming today prior to the close. 30 yr bond auction could be a clue.
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Market's immediate reaction proves you right, it could be the start of something big. Nice call.
 
Quote from trackstar:

Getting worried. All markets correlating and in agreement with the bullish PA.
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Yes that was part of my thesis - and I can be wrong just as easily as correct. But the setup is perfect here - price wise everything leaning exactly same way and no one remotely worried about a selloff - from the PA and put call ratios at least.
 
Quote from saliva:

I was thinking 55 would be the HOD for today. I hope they prove me wrong by pushing this market down like a falling brick. Boy, I must be getting old since I'm feeling antsy these days. Definitely a not a good trait to foster.
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I think the objective has been met. Kinda wished for it to go as high as 58 before tanking. Let's see if the bears can now push this baby down the drain.
 
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