12/27/2012 Live Update

[Petsamo]

Any Gold bugs here? Someone can share a view on ABX?

ABX has been doing well recently relative to GDX, the ETF it belongs to.
GDX is very underbought relative to XME (miners), in the short-term. (5-year chart of GDX & XME)
ABX has a 2.0% dividend yield.

[BullBear52x]

Any Gold bugs here? Someone can share a view on ABX?

I was going to mention GLD, swing is a buy, next intraday dip will be a strong buy.

[Cobra]

not good, dropped too much below the blue trend line, so I need a new plan.

[Harapa]

XIV seems to have good support at 16. Can't post chart now.

Maybe I'm wrong but thats what I see. Could just blow through it too.

Bounce here, Nah.
Even it does it will be of limited duration/strength.

[Al_Dente]

“Fascinating Data on Performance of Markets When Above v Below 200 Day Since 2009”
http://marketmontage.com/2012/12/27/fas ... Montage%29

Thanks Pasta.
Surrounded by house guests for a couple more days
A little belated Christmas cheer:
http://www.youtube.com/watch?v=67RT0ctQMJg
OR The Etta Version, if you prefer:
http://www.youtube.com/watch?v=f1xyYQhSuHg

Thanks X
Cheers 2 U 2
http://www.youtube.com/watch?v=A7GsUYGkrTM

[Petsamo]

Any Gold bugs here? Someone can share a view on ABX?

I was going to mention GLD, swing is a buy, next intraday dip will be a strong buy.

GDX doesn't seem to know what direction down is. I sold it, that's why it isn't selling off.

[gappy]

JUNR is a big tank if you like go fishing. I play NUGT on the volatility basis only. Gold may go to 2000 next year, so what. Bigger profits to be made in momentum stocks if your not greedy and fast.

[L_T]

I'm in IWM calls on a 1%+ down day. Ouch.

[BullBear52x]

Any Gold bugs here? Someone can share a view on ABX?

I was going to mention GLD, swing is a buy, next intraday dip will be a strong buy.

GDX doesn't seem to know what direction down is. I sold it, that's why it isn't selling off.

SLV was buying since yesterday all day, miss out totally

[MrMiyagi]

[StudentBill]

They're giving it the ole' college try.

[L_T]

sp.png

Miyagi I need those p-bars! Can you rub your hands together and heal this market like an injured knee?

[Al_Dente]

there were only 8 new lows Friday.
14 new lows on Monday
12 new lows yesterday
16 today but not closed yet
$NYLOW
Those numbers do not indicate a sick market
Those are healthy bull market numbers
Oy
($NYLOW 40 is the “danger” number)
Good luck to all

PLEASE NO SQUEEZE
http://www.youtube.com/watch?v=GwbzpU9SRN4

[Cobra]

members only update at 12:43pm
http://www.cobrasmarketview.com/2012/12 ... ay-update/

[Petsamo]

long XME 43.85, 100 shares. I have too much cash, so WTF

[MrMiyagi]

Miyagi I need those p-bars! Can you rub your hands together and heal this market like an injured knee?

SPX is reaching my target area of 1400-ish. As you can see, it is almost touching both BBands. I would expect a rebound either tomorrow or Monday.

[Al_Dente]

David Kneupper TICK

[flrtrader]

Looking at a long here... Anyone familiar?

Thanks

[gappy]

spy.png

RSI turns up before MA?

[Cobra]

volume surge, biggest bar, ema20, so might see a pullback first. then we'll see.