02/15/2013 Live Update

[Apple]

If not 435, then...

[MrMiyagi]

Gold backtested broken trendline and headed down...there is support in the 152-153 range...

Gold / GLD broke down the 100sma Weekly. Bad...

[Cobra]

this rebound still has legs.

[Al_Dente]

nyadv 1400
nydec 1400
that means that only HALF of the stocks on the big-board are upticking
that means the spy rally is concentrated on squeezing a handful of big stocks (?)
1400 = “chop/range day” technically
that means anything can happen
[caveat: mostly bs]

[TraderGirl]

Gold backtested broken trendline and headed down...there is support in the 152-153 range...

Gold / GLD broke down the 100sma Weekly. Bad...

Nice chart Miyagi....nice how trendlines line up with MA's...nice confirmation of breakdown...

[TraderGirl]

Need to see transports pull back...FDX has neg d on this leg up along with the DJT...

[Cobra]

pullback too sharp, I'm neutral here. tinted are could be the target. not sure.

[TraderGirl]

XAL in an area of resistance..MACD could be rolling over...

[TraderJoe]

Hi TraderGirl,
If you have time and you don’t mind, I’m short both MCD (since 95) & CZR (since 13). What’s your opinion on my shorts? I think they both have a ways to go yet.
Thanks in advance,
Joe

[Al_Dente]

Need to see transports pull back...FDX has neg d on this leg up along with the DJT...

Thanks TG
I like fdx as bellwether for tran
But it doesn’t do me much good when I forget 2 look at it
U reminded me
thx
BUT THIS IS WEEKLY

[Xian]

Anybody have a good chart or insights on BBBY (RIMM)?

This is a company I don't think will be around in 24 months, but the stock has been whipping around like crazy lately.

Thanks!

[TraderJoe]

Wal-Mart shares are coming under pressure here intra-day in last few minutes. Apparently, the VP stated in an email that February sales trend so far are the worst seen in a decade.

Once again, you never know what trigger will start the correction in overall market. But if this news from Wal-Mart is true, it is a big warning signal from giant retailer.

[Al_Dente]

WATERFALL
Oversold already but no pos div yet
WEAR PROTECTION

[Cobra]

testing day low. key time. but I guess this bear may have legs.

[fehro]

SPX15m possible green channel

[Cobra]

another possible target.

[MrMiyagi]

. Apparently, the VP stated in an email that February sales trend so far are the worst seen in a decade.

Any confirmation or source on this Joe?

[Cobra]

first target met.

[TraderJoe]

. Apparently, the VP stated in an email that February sales trend so far are the worst seen in a decade.

Any confirmation or source on this Joe?

In the mail.com account, you know.

[skittlesmds]

. Apparently, the VP stated in an email that February sales trend so far are the worst seen in a decade.

Any confirmation or source on this Joe?

In the mail.com account, you know.

I don't know about anyone else but personally, I know I have cut back on my trips to Walmart for groceries etc. Grocery prices seem to be going up with the stock market.