08/13/2012 Live Update

[Cobra]

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Flat open, so any gap will be filled. SPY actually had 3 consecutive gap down in the past 3 trading days, so I kind expect a gap up today, well, let's see.

The Global ES looks good, it's an Ascending Triangle in the forming so the upside breakout has better chances.

[KeiZai]

GM, today is the D-day ...I started to accumulate shorts in EU and by the end of day I will be in full-short positions in US as well GL buddies

[TradingJackal]

Here is the update on the Ending DIagonal on ES. It completed at 1404 this morning after some twists and turns.

[Cobra]

GM, today is the D-day ...I started to accumulate shorts in EU and by the end of day I will be in full-short positions in US as well GL buddies

Hmm, I see many are shorting... Will the market surprise us all again?

[TradingJackal]

This would be totally unreal if it happened. It could, I guess, but very few chances. An ED within an ED.

[Cobra]

the open. funny, another gap down open. 4 days in a row!

[EvilTrader]

GM, today is the D-day ...I started to accumulate shorts in EU and by the end of day I will be in full-short positions in US as well GL buddies

Hmm, I see many are shorting... Will the market surprise us all again?

Please dont !!

[KeiZai]

GM, today is the D-day ...I started to accumulate shorts in EU and by the end of day I will be in full-short positions in US as well GL buddies

Hmm, I see many are shorting... Will the market surprise us all again?

It is my long-term plan so I have to do it I am not trading based on sentiment, only what plan says me

[Cobra]

fighting on the support. aapl is strong.

[Cobra]

ascending triangle breakout on aapl as expected, check target on: http://stockcharts.com/public/1684859/c ... /260183775;

[Mr. BachNut]

VIX Current: 14.09

VIX 2012 Low: 13.66

VIX 2012 Low Close: 14.26

Hmmm...

[Cobra]

GM, today is the D-day ...I started to accumulate shorts in EU and by the end of day I will be in full-short positions in US as well GL buddies

Hmm, I see many are shorting... Will the market surprise us all again?

It is my long-term plan so I have to do it I am not trading based on sentiment, only what plan says me

Good.

[TradingJackal]

Diamond bottom target.
http://thepatternsite.com/diamondb.html

[swayne99]

ascending triangle breakout on aapl as expected, check target on: http://stockcharts.com/public/1684859/c ... /260183775;

Cobra, your call on AAPL = pure genius

[Cobra]

ascending triangle breakout on aapl as expected, check target on: http://stockcharts.com/public/1684859/c ... /260183775;

Cobra, your call on AAPL = pure genius

Thanks.

[Cobra]

back to the support again. wait.

[KENA]

Liquidity is still ticking up..Stocktiming comment is liquidity is not coming from institutions..This is not a good mkt indication..So we wait and see.

[Mr. BachNut]

Short.
Today is day 2 under an ARMs sell warning.
If it is going to bite, it should do so by the end of this week.
All my trend signals remain bullish, so this is counter-trend.
My sense is that any sell-off would be corrective in nature. Hard to see a turn without an event and in front of Jackson Hole.
If a drop unfolds, going to one of the rising support lines seems reasonable.

I found the weekend blog chatter equally bullish and bearish.
Bulls looking to move to 1410 and up to year highs and bears looking to turn here.
I guess that balance opens the door to two way trade.

[KENA]

Market strength weekly chart..If history is a guide we still have a little more up befor strength turns dn again.

chart by stocktiming

[L_T]

FDX meet resistance.

edit: it also almost perfectly aligns with the 200 EMA moving avg