04/03/2013 Live Update

[Al_Dente]

CORN:
(sounds like supply to me)
http://www.usatoday.com/story/news/nati ... p/2028857/

[fehro]

SPX 60m

[uempel]

Step back ...

[gappy]

If LOD is in.

spy.png

(hope not)

[Darkmatter]

Like I said yesterday, pick yer poison.

[Al_Dente]

Tenacious scalpers (not me) held DUST for another pint, I mean two points
Now they have another chance to exit… or at least raise their stops to 67.82 or 67.62 ish

[MrMiyagi]

NYDEC hovering around 2400, a good area for next-day reversal (if it ends there or higher).

[Tabby]

It ALMOST feels like a bit of a bounce area. A L M O S T.

We are there. I know it.

[rocket]

Anybody has the current NYMO? I am wondering if it is under its BB?

[ClarkW]

TG: At this pace GDX will reach the trendline by Friday

[toddymc]

Bears should exercise caution here could bounce to 1553-55 ES good point to re-enter shorts
Oh yeah-- LT Do you feel the matrix?

[MrMiyagi]

Anybody has the current NYMO? I am wondering if it is under its BB?

It depends on how far south the BBands turn, it should be at or under BOTH BBands.
As it stands, right now, NYMO would close at -52.

[rocket]

Thanks MrMIyagi.

[MrMiyagi]

2 million SPY buy last 2 minutes.

[Cobra]

volume surge, wait to see if it means anything, say rebound.

[Al_Dente]

spy squeeze alert
WAY TOO early
just don't let a little flag test of MAs turn into a monster BTFD

[uempel]

For my notebook: today SPX channel support for the Rally is at 1542...

[MrMiyagi]

spy squeeze alert
WAY TOO early
just don't let a little flag test of MAs turn into a monster BTFD

I'd say 46 minutes before official Squeeze.

[Al_Dente]

TG: At this pace GDX will reach the trendline by Friday

HO DANG boss shite
That’s a potential med-long-term dome pattern with a potential dome base target 15 ish

[frankthetank]

TG: At this pace GDX will reach the trendline by Friday

Hi ClarkW, I agree with you that at this pace it will smash through it by Friday. My thoughts are that GLD is getting closer to bottoming around 1500-1525 support zone. At this time GDX should lead the charge higher. This will be the swing from defensive stock rally too inflationary stock rally. Inflationary stock rally should be led by materials and cyclicals.
Gold has been ignoring some big news like north Korea, Stockton County bankruptzy (first of many muni bank. ) , european time bomb, USA budget problems and Debt bomb thats combined with a guarenteed slow down by consumer spending becaus of payroll tax and sequesterastion, oh and last but not least the Central Banks Printing press's working overtime around the world. Don't worry everything is alright SPY and DOW too the moon!!