iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,782 Blog Posts

Mind The Value Migration

We want to keep an eye on the migration of value, especially now when we’re trying to decipher whether the most recent strength will sputter out, offering a quality short entry, or whether the market is taking a short pause, a wall of worry moment if you will, before continuing higher.

Last night’s session was nearly as balanced as what we observed yesterday morning, although much less docile, printing nearly an eight handle range.  Initially the S&P was weak into the late evening, but a bid came in near the European open and we moved back into the upper quadrant of yesterday’s action.   We have some important data coming out in a bit from the NFP that could get us moving.  The key take away from the current profile is where we set value relative to yesterday’s session.  The value did move slightly lower, but still within the value area from yesterday, showing little has changed in terms of market perception, and the momentum is still in the bull’s court.  Again, this could either change or strengthen post NFP.

I’ve highlighted a few areas I’ll be looking for trades and the above observations on the following market profile charts:

ES_MarketProfile_09062013

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16 comments

  1. Sooz

    superb gains being made here and there and everywhere with exception to that wayward child..(tremendous selling pressure, alright)
    I did lock in gains yesterday..from most resent scoops IDCC SHLD and took a big portion of my AEZS for the win.
    remain long all these issues at last in levels posted somewher on these pages.
    Keep an eye on the duck..
    it wants to dance(finally) had mentioned my accumulation of multiple thousands of shares. most happy with this move in the past week.
    stay focused and patient(been dead money for some time now)

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  2. Sooz

    come on baby..dance with me.
    a little spec
    for every 10 cent move up/down 7k
    Sweet Jeezus..gotta love that!!

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    • Sooz

      no guts no ‘Got Damned Glory’..hahah

      Have a really great day, all you Beautiful People..

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  3. Sooz

    posted accululation of shares over (+24.8%) ago..truth!
    holding..((holding))

    http://youtu.be/ceU4ANZKdOM

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  4. Sooz

    oopsa there..should read accumulation
    yeah..
    😉

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  5. Raul3

    Stick and move Sooz, Stick and move

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  6. Sooz

    wait a sec..

    closing here at the high of the day..indeed! (+12.50%)

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  7. Sooz

    http://youtu.be/tmmY4rrOGss

    ;))

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  8. Sooz

    ‘Got [email protected] Beautiful’

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  9. Sooz

    dance with me..
    +11.06%..
    ;)))

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  10. Sooz

    locking in a handy profit here:

    Status Filled at $2.1703
    Symbol DSCO
    Action Sell
    Trade Type Cash
    Market Session Standard
    Order Date 09/09/2013, 10:26:39 AM ET

    smooth move..
    remain long below 1.60 posted entry..

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  11. Sooz

    selling a bit more of that SHLD scoop below 40 here:
    Status Filled at $49.95
    Symbol SHLD
    Action Sell
    Trade Type Cash
    Market Session Standard
    Order Date 09/09/2013, 12:05:50 PM ET

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  12. Sooz

    just a beautiful move there..
    un~fricken~believable..
    took some more profit as it hopped over 55, Sir Raul.

    (+40.09%)
    sweetness!!

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