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08/09/2012 Live Update

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Cobra
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08/09/2012 Live Update

Post by Cobra »

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Flat open, so any gap will be filled.

Could be Double Top on the Global ES, so might see pullback here. Target ES 1377.25 if indeed. Again, as long as the thick blue line below holds, the chart is bullish.
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noob
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Re: 08/09/2012 Live Update

Post by noob »

Morning Cobra! This market just won't drop eh?
knock
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Re: 08/09/2012 Live Update

Post by knock »

es 5min is like H&S, but on small scale the premarket is also like IH&S. any pattern reading gugu can comment?
knock
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Re: 08/09/2012 Live Update

Post by knock »

knock wrote:es 5min is like H&S, but on small scale the premarket is also like IH&S. any pattern reading gugu can comment?
2 legged down to break yesterday low? could it be possible?
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Cobra
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Re: 08/09/2012 Live Update

Post by Cobra »

the open.
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EvilTrader
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Re: 08/09/2012 Live Update

Post by EvilTrader »

I hope cobra's top call is in effect today :lol: :lol:
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Cobra
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Re: 08/09/2012 Live Update

Post by Cobra »

EvilTrader wrote:I hope cobra's top call is in effect today :lol: :lol:
usually you have to wait until the day when people jumping out pointing to me: you're so bearish biased. I don't see this day yet. :mrgreen:

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Cobra
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Re: 08/09/2012 Live Update

Post by Cobra »

very strong start.
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Al_Dente
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Re: 08/09/2012 Live Update

Post by Al_Dente »

Summary:( wholesale inventories due out later )

Weekly initial jobless claims fell to 361,000 last week (370k expected). However, the four-week moving average, considered a smoother look at the trend in claims, rose to 368,250, and continuing claims increased to 3,332,000 (est 3,275,000).

The trade balance showed that the deficit shrunk more than expected to $42.9 billion in June, versus estimate of a decline to $47.5 billion). Imports fell 1.5% (m/m) to $227.90 billion, while exports rose 0.9% to $184.97 billion

Chinese inflation fell to 2.5 year low (CPI 1.8% v 1.7% expected). China had a data dump today and it all points to the government carrying out more stimulus to boost the slowing economy. Producer prices fell more than expected. Industrial production rose at a smaller rate than projected to the slowest pace since May 2009, while the country's retail sales increased at a pace that missed expectations.

Australia's unemployment rate came in below projections. Australia's resource-reliant economy could be hampered by the slowdown in China. India's industrial production unexpectedly fell in June. The Bank of Japan, as well as the Bank of Korea, kept their interest rates unchanged as expected. Japan's consumer confidence deteriorated more than forecasted in July and Japanese machine orders rose at a smaller rate than expected for June.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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EFA
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Re: 08/09/2012 Live Update

Post by EFA »

Cobra wrote:
EvilTrader wrote:I hope cobra's top call is in effect today :lol: :lol:
usually you have to wait until the day when people jumping out pointing to me: you're so bearish biased. I don't see this day yet. :mrgreen:

We have the same 'fight' at home. Hubby very bearish at this point! :oops:
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EvilTrader
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Re: 08/09/2012 Live Update

Post by EvilTrader »

Cobra wrote:
EvilTrader wrote:I hope cobra's top call is in effect today :lol: :lol:
usually you have to wait until the day when people jumping out pointing to me: you're so bearish biased. I don't see this day yet. :mrgreen:
Im definitely bearish biased, but cool with that, and managing my risks too. 8-)
essessme
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Re: 08/09/2012 Live Update

Post by essessme »

GOAL

congrats to the Canadian women!! For the bronze over the French in soccer. US in a rematch of last years World Cup final takes on Japan for the gold.
Last edited by essessme on Thu Aug 09, 2012 9:58 am, edited 1 time in total.
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Re: 08/09/2012 Live Update

Post by Petsamo »

I sold UAL yesterday for a 0.7% gain but it didn't do what I wanted it to do. So, I'm trying this again, repurchased UAL at $17.99, again, 80 shares only.
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SB73
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Re: 08/09/2012 Live Update

Post by SB73 »

The low yesterday was right at the open could today be the same. Looks to me like bulls just spending time making sure that everybody gets a good exit price and some profits. I will sit on my hands until a trend starts to grab hold again.
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Cobra
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Re: 08/09/2012 Live Update

Post by Cobra »

nothing to say. looks like another range day today.
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TradingJackal
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Re: 08/09/2012 Live Update

Post by TradingJackal »

Looks like a Diamond on SPY. Continuation pattern. Should be up, up and away.
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EvilTrader
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Re: 08/09/2012 Live Update

Post by EvilTrader »

I wouldnt think so.

Market is unpredicatable.

Only you manage your risks and increase/fold positions.
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EvilTrader
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Re: 08/09/2012 Live Update

Post by EvilTrader »

I wouldnt think so.

Market is unpredicatable.

Only you manage your risks and increase/fold positions.
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Al_Dente
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Re: 08/09/2012 Live Update

Post by Al_Dente »

TWO minutes
Adv 1500
Dec 1100
89one.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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EvilTrader
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Re: 08/09/2012 Live Update

Post by EvilTrader »

140.66 act a a heavy defense zone for bears.
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