12/05/2012 Live Update

[gappy]

over 100 Dow points in 45 min. Wow, only "game" in town.

someone piss uncle Ben off

Every time POTUS or Ben speaks publically = fear the fed squeeze. Keep upstart sheeple in their place.

[Mr. BachNut]

Ought to be a buy stop squeeze zone around here.

[Petsamo]

sold GDX 46.12 for a 0.5% gain
Time to buy GDX

[ClarkW]

I'm not a P&F expert. Found the following chart on http://caracommunity.com/content/bill-c ... dec-5-2012

GDX P&F Chart

The blog is about gold, not GDX

The chart I provided is on GDX there are comments below the chart on the site are related to the chart. The blog/site is focused on commodities but they discuss other items as well.

Is your GDX chart showing a potential for a reversal to go north ?

No, the P&F chart shows a downside target of $37

[BullBear52x]

I am off 50 cents on SPY call on sell, well, wait 30min. more I should get that 50 cents back next buy will tell if bulls mean business, for now they just got over excited.

[Mr. BachNut]

Just saw this posted on Twitter

[flrtrader]

I am off 50 cents on SPY call on sell, well, wait 30min. more I should get that 50 cents back next buy will tell if bulls mean business, for now they just got over excited.

Explain please

[Petsamo]

I'm not a P&F expert. Found the following chart on http://caracommunity.com/content/bill-c ... dec-5-2012

GDX P&F Chart

The blog is about gold, not GDX

The chart I provided is on GDX there are comments below the chart on the site are related to the chart. The blog/site is focused on commodities but they discuss other items as well.

Is your GDX chart showing a potential for a reversal to go north ?

No, the P&F chart shows a downside target of $37

I'd love to buy at $37, thanks. I'll probably mess with it way before then. You short ?

I need PHK bears to step up

[scout_lt]

S&P 500 count explained: http://blog.wavetrack.com/sp-500-9/

[BullBear52x]

I am off 50 cents on SPY call on sell, well, wait 30min. more I should get that 50 cents back next buy will tell if bulls mean business, for now they just got over excited.

Explain please

see my update on my blog.

[ClarkW]

The chart I provided is on GDX there are comments below the chart on the site are related to the chart. The blog/site is focused on commodities but they discuss other items as well.[/quote]
Is your GDX chart showing a potential for a reversal to go north ?[/quote]

No, the P&F chart shows a downside target of $37[/quote]
I'd love to buy at $37, thanks. I'll probably mess with it way before then. You short ?

I need PHK bears to step up[/quote]

I am and have been. Took a little off this morning though

[uempel]

“10 Stocks Drove 88% of 2012's S&P 500 Earnings”

http://marketmontage.com/2012/12/04/sla ... Montage%29

124 narrow based.png

Thanks Al, I was looking for that kind of info. Interesting that the market is rallying now with aapl still down 4.04%. Either real strength or, as I presume, short covering. Whatever, I like this move. My system showed a strong thrust up today - I didn't quite understand the dip down to 1398...

[Al_Dente]

First time in three days the tick pushed above the bolinger centerline
(bull)
If it’s a REAL change from red to green, the tick/spy may need to bounce around (note pink) before her slope starts curving up…… [guessing based on pink]
Short term overbought already, plus nyadv is only 1600 at the moment……….. we’ll see

[Cobra]

members only update at 12:25pm
http://www.cobrasmarketview.com/2012/12 ... ay-update/

[Al_Dente]

Just saw this posted on Twitter

bear falling.jpg

[Cobra]

this bull shall have legs. I'm out for about an hour, talk to you later!

[BullBear52x]

here is 5dma kiss

[Al_Dente]

“10 Stocks Drove 88% of 2012's S&P 500 Earnings”

http://marketmontage.com/2012/12/04/sla ... Montage%29

124 narrow based.png

Thanks Al, I was looking for that kind of info. Interesting that the market is rallying now with aapl still down 4.04%. Either real strength or, as I presume, short covering. Whatever, I like this move. My system showed a strong thrust up today - I didn't quite understand the dip down to 1398...

[save for later ]

HFT
“A top government economist has concluded that the high-speed trading firms that have come to dominate the nation’s financial markets are taking significant profits from traditional investors.”

“… The average aggressive high-speed trader made a daily profit of $45,267 in a month in 2010 analyzed by the study…”

http://www.nytimes.com/2012/12/04/busin ... c=rss&_r=0

[gappy]

Exhaustion on that volume? Bet it bounce if the ECB cuts interest rate manana.

renko.png

I'm not a P&F expert. Found the following chart on http://caracommunity.com/content/bill-c ... dec-5-2012

GDX P&F Chart

The blog is about gold, not GDX

The chart I provided is on GDX there are comments below the chart on the site are related to the chart. The blog/site is focused on commodities but they discuss other items as well.

Is your GDX chart showing a potential for a reversal to go north ?

No, the P&F chart shows a downside target of $37

[Al_Dente]

This squeeze is on fire
http://www.youtube.com/watch?v=J91ti_MpdHA