fyi, for me the "bad fill" are what the poster in that link is seeing (he is a professional Trader).  Last week I tried to buy 1,000 share GMCR at say 56.  A million shares had traded.  Level II showed 400 shares offered at 56 and some higher of course.  I got NOTHING.  The Ask disappeard.

IYR broke hard through its 200 day.  I continue to believe (like I said last week) you simply cannot go short this market until PERHAPS AFTER aapl reports.  The animal spirits are raging.

That doesn't mean you can't try an SRS (I did that too last week) but it has to be a scalp.

http://blog.themistrading.com/?p=174

I thought we (taxpayers) were supposed to make money on this deal???  This is so bad it looks like a typo.  23.7 BILLION instead of Trillion?  Hopefully it is a typo.

U.S. Bailout Costs May Reach $23.7 Trillion, TARP Inspector Says 

By Dawn Kopecki

July 20 (Bloomberg) -- U.S. taxpayers may be on the hook for as much as $23.7 trillion to bail out financial companies, according to Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program.

Barofsky made the estimate in testimony prepared for a congressional hearing tomorrow.

As IYR creeps over 33, one could argue it is setting up to break out.  

On an ETF like SRS, in which it is a leveraged derivative of another underlying ETF (in this case, the IYR), I usually look at the chart of IYR when trying to decide what SRS and IYR are going to do.  Right now, if I objectively look at IYR, four days ago it passed the 20 Day, today it's probably going to close over the 50 day and it looks like it will overtake the 200 day in a few days.  Those are of course all positives for IYR and negative for SRS.  

On the negative argument against IYR, the 200 day is FALLING and IYR's recent rise has been on decreasing volume (wedging up).

I've done well trading SRS this year and perhaps very short term it is over sold and due for a bounce, but its hard for me to look at the IYR chart, along with the positive tone of the market, and come to the conclusion SRS is basing.

Anyway, that's just my perspective.  Good Luck.

It hit an IBD "Buy Point" which is a huge deal with stocks like that.  Lots of IBD followers on that name.

I understand and appreciate your questions and points, but you might have instead taken my approach upon joining the site, which was to read and listen more before positing your views and asking so many questions.  I know you are using your free 2 weeks to gather info prior to subbing.  I skipped the free trial and joined immediately because a couple investing buddies I trust were already here and strongly recommended it.  Perhaps the statistical results of the Mechanical Systems cannot be viewed by Trial Members because they are listed under "Premium Content".  If so, that's unfortunate because those results alone would provide more than enough proof of the value proposition this site offers.

I am primarily a CANSLIM investor, as are my friends who directed me to this site.  My prinicipal use of this site is to help me assess the general direction of the market for the next few months.  The "M" in CANSLIM stands for Market Direction and is the most important component to me.  Its hard to make money in good stocks if the market is dropping.  This site did a great job of getting it's members back into stocks after March.  The type of stocks I have owned are not even mentioned here, or at least I haven't seen them...SNDA, NTES, CYOU, TNDM, LFT (and many of the others that flow into/out of IBD).  

So in summary, I don't really use this site for specific stock recommendations (even though the Watchlist has performed well) because buying those stocks for quick hits isn't really what I do.  Though sometimes I do fall off the wagon and trade an SRS while I'm waiting on a trend. (bought Thursday, sold Friday for $1,400 gain)

I also use www.gilmoreport.com but Gil only publishes 2 reports a week so the lack of timely information is becoming a source of frustration for me.  But. at a minimum, its a good read for $50/month.

IMHO, the best thing about this site, compared to the other Interactive/Chat available sites is the supportive tone of the posters.  There are not an excessive amount of Testosterone events here because they are not tolerated by the Owners or the subs.  That's why you are experiencing a little push-back right out of the chute.  I'm not saying you have been out of line; its just that the personalities on this site are way calmer than the others.

Good luck with your decision on whether to join and hope you use your remaining free time to observe Chat because that alone will answer many of your questions.  I think I was a member for a couple months before I joined in the Chat.

I think they'll continue to hold the market up, at least until then.  People will want to be in that name before earnings and they are 12% of the QQQQ's I believe.

Yesterday VALE was rumored to be taking them over.  Guess that's blowing up today.

For those that don't know of him or follow him (through RealMoney or his own website) Rev is VERY Skeptical of this rally and I'd say shares most Bear's concerns on the economy etc.

For those that didn't know, I didn't want you to assume he is a Raging Bull.  He is not and I'm certain has missed most of the big move off of the lows.

btw, his site is not nearly as good as this one and if you choose the option that allows Chat, I believe he charges $500/month.

and look at the chart.  Be careful with the Shorts.

on the wires talking about getting Financing from JPM and GS and NOT talking about debtor in possession financing (means they are not looking at BR).

If true, news like this could be a good excuse for an afternoon rally.

IBM keeping the Dow up and I think AAPL is 12% of the QQQQ.

is single-handidly keeping this market from completely tanking.  For now.

is fortunate that GE has become such a small part of that index.  That's why the Dow looks so much better than all the other indexes this morning.  GE is sucking but they only count 10% of what IBM does now, since the Dow is a (stupid) PRICE weighted index.

That's what Lowry follows, right?  Where do you get your data?

NO problem.  I know what you are up against and think you are doing a great job.