02/12/2013 Live Update

[Out of Bounds]

Whoa. Was that a top I just saw?

where boss?
i'm seeing a premature H&S on 5min (?)
[edit: one day intraday only]

That 30 minute bull run that started below 20ema (5minute) looked particularly weak and formed a lower high. Now we are back below 5min. 20ema again. Third time below today. Usually that thing is more "sticky". Now we are crossing around it but not quite holding it as we usually do.

*Snog turned down on Thursday - may be having trouble in extended trend or may be predicting turn.

[TraderGirl]

A common pattern in UVXY to watch out for....5 wave expanding or contracting wedge...at the end of it, it either finds support and breaks out or falls through support...

[Al_Dente]

Whoa. Was that a top I just saw?

where boss?
i'm seeing a premature H&S on 5min (?)
[edit: one day intraday only]

That 30 minute bull run that started below 20ema (5minute) looked particularly weak and formed a lower high. Now we are back below 5min. 20ema again. Third time below today. Usually that thing is more "sticky". Now we are crossing around it but not quite holding it as we usually do.

*Snog turned down on Thursday - may be having trouble in extended trend or may be predicting turn.

thanks boss
could u pls post snoggy when u have time

[cosmos]

cobra, any thoughts on what apple is doing? in the members' section would be fine.

[Cobra]

could be a triangle, so the bias still is up (not strong bias though)

[Out of Bounds]

Whoa. Was that a top I just saw?

where boss?
i'm seeing a premature H&S on 5min (?)
[edit: one day intraday only]

That 30 minute bull run that started below 20ema (5minute) looked particularly weak and formed a lower high. Now we are back below 5min. 20ema again. Third time below today. Usually that thing is more "sticky". Now we are crossing around it but not quite holding it as we usually do.

*Snog turned down on Thursday - may be having trouble in extended trend or may be predicting turn.

thanks boss
could u pls post snoggy when u have time

Wow. Not a top at all. This run much stronger.

[Mr. BachNut]

“Copper rose for the second time in three sessions on signs that an economic recovery is gaining traction as company earnings and business sentiment improve in the U.S., the world’s second-biggest user of the metal”
[bloomberg]

Can anyone post intraday london spot copper chart
We only get EOD on stockcharts

Also I didn’t realize we were #2 consumer of copper (we all know china = #1)
Also good to know that everything is now just fine in our economy

Here is hourly copper.
On the daily, it is in an uptrend, and it just popped up out of a symetrical triangle. So, bullish but not as much as SPX.
However, the hourly is wobbly. It got hit with gold, silver, etc. yesterday and is bouncing off support today.
I would like to see trade north of the Feb. 4 high to have confidence.

[johnnywa]

could be a triangle, so the bias still is up (not strong bias though)

Nearing a turn??

[ClarkW]

A common pattern in UVXY to watch out for....5 wave expanding or contracting wedge...at the end of it, it either finds support and breaks out or falls through support...

Nice!
Another weird one imo....edible arrangements! Dumb dumb

[Out of Bounds]

Snog - Doesn't think we will go higher here.

[Cobra]

cobra, any thoughts on what apple is doing? in the members' section would be fine.

nothing new, maintain I said in the morning update.

[TraderGirl]

Dow moving without Transports....

[TWT]

$VXX: So far no lower low + RSI positive divergence

[Out of Bounds]

I keep watching this and I never see "the top".
http://stockcharts.com/h-sc/ui?s=$NATV: ... 0902581081

[Al_Dente]

THANK YOU
Mr Bnut for all stuff
and
OOB for snog (interesting that snog usually (?) turns down after [edit: or "during"] a big gap or spike down (?) except for now (?) )

[btw board: cancel the premature H&S spy, just take your cues from Mr. T and the mensa-snake]

[Unique]

AAPL, maybe a 1 for 5 here, 475->480, 474 stop. Trading commons, bored

Decisively below 473 intraday, another key thing to watch is the close for today. I have to go, health problem. Good luck all.

[Out of Bounds]

THANK YOU
Mr Bnut for all stuff
and
OOB for snog (interesting that snog usually (?) turns down after big gap or spike down (?) except for now (?) )

[btw board: cancel the premature H&S spy, just take your cues from Mr. T and the mensa-snake]

I think it may just be getting whipsawed by the up down daily churn lately. Better predictor when we get multiday swings.

[joeynickels]

THANK YOU
Mr Bnut for all stuff
and
OOB for snog (interesting that snog usually (?) turns down after big gap or spike down (?) except for now (?) )

[btw board: cancel the premature H&S spy, just take your cues from Mr. T and the mensa-snake]

"Mensa-snake"

[Mr. T]

just take your cues from Mr. T

Amen Brother!!!!

[Cobra]

still in Triangle only bigger. the bias still is a little bit on the upside.