11/05/2012 Live Update

[Cobra]

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Flat open, so any gap will be filled.

The pattern overnight looks like a consolidation to me, so the bias is a little bit on the downside.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2012/11 ... ay-update/

[Cobra]

Euro had a little breakdown, double top or not, it's worth to pay attention.

[Cobra]

weekly stock pickes: viewtopic.php?f=10&t=723&p=103096#p103096

[Cobra]

for comments on gold and oil please visit my public chart list, I'll do regular update there. http://stockcharts.com/public/1684859/tenpp

[Cobra]

the open.

[Petsamo]

There's a rumor that AMD will be the processor for Sony's Playstation 4. If anyone can confirm that it is a rumor or reality, lemme know.

WLT reports after-hours.

[Cobra]

members only update at 9:42am
http://www.cobrasmarketview.com/2012/11 ... ay-update/

[Daniel-David]

Anyone trading ABX, NEM, GDXJ, GDX etal might want to note that NEM and GG are green today, and currently above 10% of their 5-day avg volume. Most are not above 10%, GDX is not as I post. For a pair idea, there are some weak securities in the sector like KGC and ABX.

[Me XMan]

Got out at even. Well it gapped up but not much for sure.

the open.

[Cobra]

usually, 5 red hourly bar in a row means a short-term rebound at least. let's see.

[Petsamo]

Anyone trading ABX, NEM, GDXJ, GDX etal might want to note that NEM and GG are green today, and currently above 10% of their 5-day avg volume. Most are not above 10%, GDX is not as I post. For a pair idea, there are some weak securities in the sector like KGC and ABX.

Everything gold (related) is short-term oversold

[Al_Dente]

relative strength

[Cobra]

Got out at even. Well it gapped up but not much for sure.

the open.

gap up? You kidding, it's gap down.

[Cobra]

relative strength

115relative.png

QQQ strong, so I won't be too bearish today.

[uempel]

Cobra, Qs must be strong now, otherwise BPNDX will fall below 59, which is super-bearish. I posted these two charts on the weekend live update, I guess you did not see em...

[Al_Dente]

GDXers
Keep an eye on ChiOsc 60min which may soon suggest a bounce
It needs to turn up first
Top panel, gold

[Al_Dente]

relative strength

115relative.png

QQQ strong, so I won't be too bearish today.

It’s all AAPLs fault, Chief
Also from the "Dead Cat Department": HPQ is the best performer in the dow at the moment

[Daniel-David]

Everything gold (related) is short-term oversold

..and showing relative strength intraday. Anyone ever find any useful info from tracking $GVZ (a gold volatility index) intraday or daily? I haven't yet.

[TraderJoe]

Cobra, Did you know Canada was close to a Meltdown??

MELTDOWN COMING: Canada Is Bleeding Private Sector Jobs, And Its Housing Market Is Tanking

http://www.businessinsider.com/canadian ... ng-2012-11