11/06/2012 Live Update

[noob]

Cobra, any update on gold following the surge? Thanks!

[Cobra]

so far not bad for bulls but since this is the 2nd test, so from now on no failure allowed for bulls.

[Cobra]

Cobra, any update on gold following the surge? Thanks!

one day surge, doesn't change the trend.

[TraderGirl]

folks, Obama wins = Bernank presses keep printing until he decides to retire. gold and stocks screaming this loud and clear. don't think it has to be any more complicated than that

Yes, BUT, the big money is not buying today, to light of volume..

You think they're waiting to make sure we get a decision tonight?

OR is this going to be a sell the news? The O victory is priced in?

Either way, It'll be a about 2 seconds of afterglow before the fiscal cliff talk starts. (Most probable outcome there: stop-gap/kick the can into the spring/wait for new congress)

If Barry wins, I become a doom & gloomer ... like TraderGirl

Doom & Gloomer!! That's funny!

I'm a realist....I have a chart that says Dow 8,500 in 2014...I just follow the charts....

Cycles say we see a major pullback (20%) by March 2013...I don't know if we will see 20% by March, but 20% (Dow 11,000) by end of 2013, then down to 8,000 - 8,500 by 2nd or 3rd qtr 2014....

The chart also says pullback to around 13,000, then up to test the highs....with the possibility of higher highs....then we fall...

We could see highs around end of December 2012...

[Petsamo]

folks, Obama wins = Bernank presses keep printing until he decides to retire. gold and stocks screaming this loud and clear. don't think it has to be any more complicated than that

Yes, BUT, the big money is not buying today, to light of volume..

You think they're waiting to make sure we get a decision tonight?

OR is this going to be a sell the news? The O victory is priced in?

Either way, It'll be a about 2 seconds of afterglow before the fiscal cliff talk starts. (Most probable outcome there: stop-gap/kick the can into the spring/wait for new congress)

If Barry wins, I become a doom & gloomer ... like TraderGirl

lol! I never thought of her that way!

I know you want Willard, but please just do me a favor and prepare your portfolio for the possibility that it might be O

I thought you put me on ignore. Don't worry, I can sell 96% of my portfolio. But I won't pull the trigger all at once.

[MrMiyagi]

Any p-bars on APPL that you can see?

[toddymc]

SPX: It feels and so far it looks like a wave (C) in progress (of a Zig Zag)

Nice chart TWT
Price completely aborted my "potential" fractal from 10/5
Agreed with lower prices ahead... could reverse violently if any election prob.'s
VIX has positive divergence vs. SPX:

[Cobra]

members only update at 1:42 pm
http://www.cobrasmarketview.com/2012/11 ... ay-update/

[Cobra]

Any p-bars on APPL that you can see?

[Petsamo]

USO is feeling all sorts of love. Did Iran block the Straits of Hormuz ?

[Cobra]

key time, I'm neutral here, wait.

[rc1269]

folks, Obama wins = Bernank presses keep printing until he decides to retire. gold and stocks screaming this loud and clear. don't think it has to be any more complicated than that

Yes, BUT, the big money is not buying today, to light of volume..

big money is not going to buy until January at this point. see Xian's post re: fiscal cliff.

but the mkt doesn't need big money to rally for a couple days or weeks even. but my guess is days

[TraderJoe]

folks, Obama wins = Bernank presses keep printing until he decides to retire. gold and stocks screaming this loud and clear. don't think it has to be any more complicated than that

Yes, BUT, the big money is not buying today, to light of volume..

big money is not going to buy until January at this point. see Xian's post re: fiscal cliff.

but the mkt doesn't need big money to rally for a couple days or weeks even. but my guess is days

I really agree with everyone. We are all GUESSING...

[TWT]

SPX: It feels and so far it looks like a wave (C) in progress (of a Zig Zag)

Nice chart TWT
Price completely aborted my "potential" fractal from 10/5
Agreed with lower prices ahead... could reverse violently if any election prob.'s
VIX has positive divergence vs. SPX:

VIX Chart target.jpg

Thank you

[rc1269]

folks, Obama wins = Bernank presses keep printing until he decides to retire. gold and stocks screaming this loud and clear. don't think it has to be any more complicated than that

Yes, BUT, the big money is not buying today, to light of volume..

big money is not going to buy until January at this point. see Xian's post re: fiscal cliff.

but the mkt doesn't need big money to rally for a couple days or weeks even. but my guess is days

I really agree with everyone. We are all GUESSING...

guessing about how long the rally might last. not guessing about the big money sitting on the sidelines until January.

[Xian]

[/quote]
Yes, BUT, the big money is not buying today, to light of volume..[/quote]

You think they're waiting to make sure we get a decision tonight?

OR is this going to be a sell the news? The O victory is priced in?

Either way, It'll be a about 2 seconds of afterglow before the fiscal cliff talk starts. (Most probable outcome there: stop-gap/kick the can into the spring/wait for new congress)[/quote]
If Barry wins, I become a doom & gloomer ... like TraderGirl[/quote]

lol! I never thought of her that way!

I know you want Willard, but please just do me a favor and prepare your portfolio for the possibility that it might be O [/quote]
I thought you put me on ignore. Don't worry, I can sell 96% of my portfolio. But I won't pull the trigger all at once.[/quote]

I did. Took off for today— election. Was curious what you'd have to say today.

[fehro]

http://www.ritholtz.com/blog/2012/11/wh ... elections/

[MrMiyagi]

SPY below the 20ema.

[TraderJoe]

http://www.ritholtz.com/blog/2012/11/wh ... elections/

I like that;
GW Bush -16%
OB +27%
WOW!!!!

[Me XMan]

SPY looking like descending triangle.