02/20/2013 Live Update

[jarbo456]

If am looking at the charts of GOLD and SILVER right, they are hitting the bottom of the bull flag patterns today. Should be a IT bottom?

Gold.png

Also to note, the bearish price objective of 140 nearly fits the triangle breakdown depending on how you measure it. Take a look folks, if you have doubts.

[Out of Bounds]

Uh Oh. Hibernation over.

[gappy]

Almost time to scalp buy SPY 152.56 from last night

1st gap down to fill 152.35.

SPY on 20EMA 60min now.

Turned @ 152.59. http://www.youtube.com/watch?v=Tj96QFzOL5Y

Well, that was a quick and easy buy scalp...Now we must wait for the 2 hour flat fest...then 2PM fomc minutes...zzZZzzzZz

Ah youth!

[deeko]

Quite surprised if support 1525ish brakes on a closing basis...

56.png

I cant' say I would be overly surprised. The market has been waiting for sometime for a distribution day, so maybe it overshoots to the downside, only to be bought in the coming days. I think the market is still in "buy the dips" mode. However, with sequestration on deck, maybe we get some selling pressure to close February.

[Al_Dente]

....speaking of which what is up with oil?

% performance oils, one year
Honey Badger $GASO is eod in black
WTIC is eod too
UDN is straight price; all others are % perf

[BullBear52x]

EWJ

[L_T]

EWJ

What's your take on INTC? Looks like a short to me (famous last words).

[fehro]

some trend lines to watch SPX 15m

[uempel]

Quite surprised if support 1525ish brakes on a closing basis...

The attachment 56.png is no longer available

I cant' say I would be overly surprised. The market has been waiting for sometime for a distribution day, so maybe it overshoots to the downside, only to be bought in the coming days. I think the market is still in "buy the dips" mode. However, with sequestration on deck, maybe we get some selling pressure to close February.

Well, I would be surprised! This is the short term bearish pattern:

[L_T]

Harapa what are vixies saying here?

[deeko]

Quite surprised if support 1525ish brakes on a closing basis...

56.png

I cant' say I would be overly surprised. The market has been waiting for sometime for a distribution day, so maybe it overshoots to the downside, only to be bought in the coming days. I think the market is still in "buy the dips" mode. However, with sequestration on deck, maybe we get some selling pressure to close February.

Well, I would be surprised! This is the short term bearish pattern:

57.png

Your observation is more astute and based on technicals. Mine is just a thought about the macro and what might move the markets. I wouldn't put much stock in my comment.

[KeiZai]

ES: key time (first step is breakdown here)

O: viewtopic.php?f=2&t=830&p=118586#p118586

[fehro]

minor channel on SPX 5m, gap fill?

[Unique]

Want to do a 1 for 5 here... 1 pt stop, 5 point up

[BullBear52x]

EWJ

What's your take on INTC? Looks like a short to me (famous last words).

yeap famous last word it is.
I am bearish on INTC now, the buyer got their chances.

[TWT]

$TLT: If this count is correct then price should have established an important bottom

[BullBear52x]

ES: key time (first step is breakdown here)

O: viewtopic.php?f=2&t=830&p=118586#p118586

ES20.png

yeap I see lots of support here as well.

[BullBear52x]

bears should get a day or two here Key word "Should"

[Al_Dente]

DIG is almost ready to roll (for “trend-followers)
Red circles in the margin show not quite yet, especially on the $BPENER signal (3rd panel) EOD.
This is DAILY, not for intraday trading

[Cobra]

mini rebound target. normally this rebound shall fail.