04/05/2013 Live Update

[TradingJackal]

The rally has been quite impressive. However, we may see something else at close.

[BullBear52x]

Question is with the N.Korean crap going on will they hold over the weekend?

As I understand it, NK's missiles do not have any range; they can barely make it to SK.

they got those missiles just for show, they are empty.

What do ya think here going into the close? Any Feel

Thanks

I am shooting at 1548 still.

[Nrsimha]

Could have something to do with last night's BoJ bond debacle.


Also I found this read interesting (and it relates to your thesis!):

http://www.zerohedge.com/contributed/20 ... look-other

<<So, either the regime between bonds and stocks has just changed...or the market has just given traders with cash on the sidelines a gift. History has taught us that regime changes don't happen very often...and the smart move for a trader has been to fade these attempts to "break the regime." Its true that someday the regime will shift, and we will enter a new regime, and fading a move like this will lose money. Do you think that just happened? Do you really think we just entered a new regime? Its true that Japan just embarked on a new round of QE...and it is a 2.5 times the size of current US QE, and North Korea is threatening war. Should that break the regime of the relationship between US stocks and US bonds? Someday, something will do just that. The question for traders is...do you think the regime just shifted.

Personally, I'm not convinced, and so i faded this move at the close... >>

[johnnywa]

I don't like this pullback but so far I can tolerate, just don't be too sharp, please.

[johnnywa]

I don't like this pullback but so far I can tolerate, just don't be too sharp, please.

Lets see if we hold 154.60 on the 1 minute chart

[victorm]

need decisively break the blue line to prevent 3 Push Up (rising wedge) pattern.

Cobra, could you please look at NUGT, not sure if it come to 20$ again... Thanks

[johnnywa]

Question is with the N.Korean crap going on will they hold over the weekend?

As I understand it, NK's missiles do not have any range; they can barely make it to SK.

they got those missiles just for show, they are empty.

What do ya think here going into the close? Any Feel

Thanks

Yup,then can barely get it up

[johnnywa]

CNBC had after a 1% decline we have had 2% gains total next 2 days,Cobra dat stat for u cause u da stat man

[Nrsimha]

Could have something to do with last night's BoJ bond debacle.

Also I found this read interesting (and it relates to your thesis!):

http://www.zerohedge.com/contributed/20 ... look-other

<<So, either the regime between bonds and stocks has just changed......do you think the regime just shifted.
Personally, I'm not convinced, and so i faded this move at the close... >>

In case you missed last night's very interesting events, here is a timeline (read the articles in the order below.):

1. http://www.zerohedge.com/news/2013-04-0 ... nt-running
2. Then: http://www.zerohedge.com/news/2013-04-0 ... t-breakers
3. Today's afterthought (and today's move into U.S. bonds): http://www.zerohedge.com/news/2013-04-0 ... -bond-swan

[Cobra]

need decisively break the blue line to prevent 3 Push Up (rising wedge) pattern.

Cobra, could you please look at NUGT, not sure if it come to 20$ again... Thanks

it's just a rebound. at least will down to form a higher low, so $20 is possible. by the way, I do regular update on GDX, so far goes as planed.

[HenryR]

CNBC had after a 1% decline we have had 2% gains total next 2 days,Cobra dat stat for u cause u da stat man

I'm betting the farm on that statement from CNBC because I always, always trust CNBC and they are always, always right.

[Al_Dente]

Is Mr.Miyagi in 'da house?

[flrtrader]

EURO failing here

[johnnywa]

CNBC had after a 1% decline we have had 2% gains total next 2 days,Cobra dat stat for u cause u da stat man

I'm betting the farm on that statement from CNBC because I always, always trust CNBC and they are always, always right.

[MrMiyagi]

Is Mr.Miyagi in 'da house?

Ahhh...... so sorry.....

!!!!!!!! POWER HOUR !!!!!!!!

[Nrsimha]

EURO failing here

Yen is cooked, also. BoJ plan to mimic Bernanke has officially back-fired.

[Cobra]

it is 3 push up, just not sure if enough time for dashed blue line route which is very common after 3 push up.

[MrMiyagi]

[Nrsimha]

905.png

Looks like it is going to start "hugging" (i.e. sliding down) the lower BB, just like IWM is doing today.

[Cobra]

so far goes as planed, not sure if the final push up is over or not. Friday usually closes VERY strong though.