04/10/2013 Live Update

[MrMiyagi]

VIX is now green.

[Out of Bounds]

VIX is now green.

Snog has turned red (bearish)

[Cobra]

VIX is now green.

hmm, interesting.

[BullBear52x]

This board is getting boring, the market is fine. I am check out for today from here.

[FlowerGirl]

Does any one here think SPX 1600 is possible before the end of tax filing season (April 16, 2013)?

Anything is possible in the market. Supply and demand :O
If bears keep getting squeezed...
No one knows for sure, that's why it's a market

Here is why I think it is possible. Tell if I am wrong, so I can save the profit I made selling last few bouquet!

[Denali92]

Moons have worked ok for bottoms in the last few months, but TERRIBLY for top picking - the last successful MOON TOP call was 15-Sep-12 - the rest have been DUDS!

BUT respecting history, there is a famous NEW MOON from 2007!

The ALL TIME HIGHS in October 2007 - it was just a New Moon - the Thursday post employment and pre opex - no special significance in terms of turning points whatsoever.... except the New Moon.....

and we gapped up that day (just like today)…. but then reversed for no apparent reason to close lower – just a little history…

-D

new moon today. fwiw.

[joeynickels]

AAPL momentum looks pretty solid with not much negative divergence on my swing trade time frame. On the daily chart it has reached the middle BB and the 13 EMA with resistance at 435 area. Likely AAPL move will either fail and reverse from here or consolidate and move sideways in a range preparing for move to upper BB. Today's move looks like a possible 3rd wave of a developing 5 wave impulse off the recent low at 419.68. Also could set up a cup and handle pattern on pullback and consolidation that would push AAPL to the 445 area where the 34 EMA/50 SMA where I would expect a reversal.

[Tabby]

VIX near the day's high.

and RUT and TRANS lagging too... at the moment.

R2K confirmed uptrend since Monday BUT looking at some stocks from R2k going up with minimal volume and few unusal volume.
LUFK went to the moon since GE buying the company. FSLR went crazy yesterday. Some stocks like DDD, ADTN, Some with no volume pushing up R2K higher. This is only first page of my R2k list for today.

Symbol Chg $|% Volume
FSLR -2.19 14,757,855
MTG +0.18 9,267,937
MNKD +0.38 6,058,962
ACI +0.0801 5,670,424
DCT +0.04 5,532,351
TWO +0.145 4,808,581
RDN +0.29 4,705,923
CIEN +0.89 4,683,977
RAD +0.02 4,583,359
SPWR -0.39 3,878,802
STWD +0.245 3,537,770
HOV -0.215 3,463,331
ADTN +2.73 2,967,013
ODP +0.055 2,941,662
DDD +2.17 2,668,162
KOG -0.11 2,629,525
WFR -0.05 2,587,175
SVU +0.075 2,477,334
ARR -0.005 2,475,452
CYS +0.13 2,265,653
FNSR +0.89 2,250,352
HL -0.13 2,233,278
HK +0.16 1,996,128
HERO +0.2501 1,991,571
LPX -0.62 1,961,483
DNDN +0.06 1,793,088
BEE +0.10 1,762,150
PSEC +0.08 1,705,066
LCC +0.1585 1,681,067
NPSP +0.48 1,634,451
DAN +0.06 1,630,871
RFMD +0.085 1,537,388
ARO -0.06 1,522,806
HT +0.11 1,473,240
PDLI +0.19 1,354,815
LUFK +0.09 1,316,190
KBH -0.43 1,304,802
GPK +0.225 1,138,781
KEG +0.16 1,101,067
MUX -0.08 1,094,477
JBLU +0.10 1,087,758
NRF +0.13 1,046,330
TQNT +0.13 1,042,329
SPF -0.08 1,041,793
TLAB +0.055 985,638
SBGI +1.295 967,846
MPW +0.06 910,360
OPK +0.03 900,979
ZQK +0.265 894,156
SCSS -0.39 887,365
VG +0.03 874,156
ARNA +0.01 862,991
INFI -2.85 853,257
QCOR -0.14 830,304
QLIK +0.7891 824,238
ARUN +0.87 737,878
CRK +0.58 736,877
FMER +0.24 728,766
FNP +0.52 713,591
TIVO +0.24 709,146

Now if we look at without volume but
Symbol Chg $|% Volume
VRTS +7.97 22,157
PRLB +3.90 506,117
CHDN +3.63 18,041
UHAL +3.03 7,754
MSTR +3.01 27,229
SEMG +2.97 307,460
ULTI +2.95 37,992
ADTN +2.72 2,976,033
CSGP +2.39 43,651
BWLD +2.33 234,275
DDD +2.2299 2,681,417
PSMT +2.16 256,220
SAM +2.10 22,017
LFUS +2.07 130,881
CYMI +2.03 108,632
CEB +1.98 55,176
SGEN +1.95 362,888
FEIC +1.90 47,177
KWR +1.80 28,126
SUSS +1.795 107,004
TYL +1.73 44,239
PRAA +1.72 35,412
ALGT +1.72 51,434
FCFS +1.7037 46,123
RDEN +1.70 87,092
ATHN +1.67 82,446
WWW +1.64 237,681
DEL +1.62 28,303
CNS +1.59 105,029
VSAT +1.57 54,732
BRS +1.54 60,730
PCYC +1.53 291,140
VPRT +1.49 256,683
COHR +1.47 9,951
WXS +1.46 65,819
UVV +1.45 60,919
ESGR +1.43 2,192
UNF +1.41 18,396
ININ +1.41 8,905
CSTR +1.41 215,613
HMSY +1.40 373,602
CBRL +1.40 43,389
MDSO +1.37 95,908
SBGI +1.3698 979,690
GEO +1.345 460,494
HNI +1.33 32,914
MSA +1.32 27,059
ABCO +1.32 64,714
SXI +1.27 4,139
MGEE +1.26 17,217
BCPC +1.255 31,763
MOG/A +1.25 26,519
TDY +1.24 32,858
DRQ +1.24 66,496
HURN +1.23 22,946
UTEK +1.22 99,997
MIDD +1.22 39,543
UNFI +1.20 98,676
TAL +1.20 136,060
FICO +1.18 89,562

I guess I wouldn't be bearish about it till we get another sign of going down. Psychology of 5th wave based on EW, volume drying up and bears become bullish and get caught. Daytrading and profit taking not such bad idea in this stage, imo

[gappy]

Gappy
“I read in no castigation on any such perspective.”

Would unacceptable would be a preferred adjective? I am not trying to pick a fight but do get the definite impression that long term thoughts, however defined, are not welcome.

Out of Bounds
I agree with you about preachy tones and pesudo-economics. My concern, however, relates defining long term. For example, from Trader Girl this morning-

“Thanks for the info gas...but this is not a "buy and hold" crowd on this board....there will be another bear market at some point...and most people on here would rather trade it on the downside rather than hold a bunch of losing positions...thanks for your advice...but we'll just focus on the short term trades, thank you...”

[Edit:] Lest TG get upset with me, I think her posts are excellent and of value regardless of time frames being followed. My thought is that her quote above might have been a bit more diplomatic.

I agree there is diverse opinion on this board. The majority opinions relate to day trading which is logical since it is a day trading forum, but to the exclusion of long term thoughts?

To All on the board

It appears that I have stirred up a hornet's nest. My apologies – that was not my intent. I am just concerned about what I see as an exclusionary tone.

Yeah, unacceptable is better, excuse my curt reply then, I was hawking a couple of issues just then. Please carry on, GLTY.

[L_T]

VIX is now green.

We're never going up again!***


***This is subject to change on a 1-minute time frame.

[gappy]

This board is getting boring, the market is fine. I am check out for today from here.

Good one to ya BB.

[toddymc]

Just a quick thought on short and/or longer term perspectives :
I really don't give a flying F@#$%k what another persons opinions or conjectures are
about long term investments or even short term are unless they can supply me with some technical or historical data to study.
Even then there are plenty of chartists and bloggers that you can peruse for hours and hours to that end.
Like Cobra stated: and if you can't read,
this is a DAY TRADER'S FORUM
1) learn it , 2) live it, 3) know it-- In the meantime don't waste our time having to scroll through a bunch of bullshit meaningless babble--
Try posting a chart or some trade-able data shorter term or actual trades you make -
If I want opinions like that I can get them 24/7 on CNBC or another useless news outlet
Oh Yeah BTW if you think I'm long here-- then think again, and--if You are, unless we get a little pullback, you're probably an idiot,

[L_T]

VIX is now green.

Snog has turned red (bearish)

Did you front-run your own signal? Or you have learned that is a good entry spot......

[Out of Bounds]

VIX is now green.

Snog has turned red (bearish)

Did you front-run your own signal? Or you have learned that is a good entry spot......

Yep I went early.

[Tabby]

Here's a problem Toddymc.Even some people don't agree in some charts posted in here b/c the technical indicators not set accordingly to the formula. Everything people writes, it could be viewed subjective rather than objective in some point.
I guess we all can agree to disagreement and if we don't like some charts/data/posts, then skip it.

Peace~~~~~~~

[Cobra]

small ascending triangle, so the bias still is up.

[FlowerGirl]

Does any one here think SPX 1600 is possible before the end of tax filing season (April 16, 2013)?

Here is why I think it is possible. Tell if I am wrong, so I can save the profit I made selling last few bouquet!

or Is it going to go to 1544 first?

[Unique]

Does any one here think SPX 1600 is possible before the end of tax filing season (April 16, 2013)?

Anything is possible in the market. Supply and demand :O
If bears keep getting squeezed...
No one knows for sure, that's why it's a market

Here is why I think it is possible. Tell if I am wrong, so I can save the profit I made selling last few bouquet!

I think trailing stop would be your best friend.

[gappy]

For long termers. Triple top on declining volume.

spy.png

[toddymc]

Here's a problem Toddymc.Even some people don't agree in some charts posted in here b/c the technical indicators not set accordingly to the formula. Everything people writes, it could be viewed subjective rather than objective in some point.
I guess we all can agree to disagreement and if we don't like some charts/data/posts, then skip it.

Peace~~~~~~~

Good point- agreed I would rather look a chart than try to read an opinion or long winded explanation though that's all thanks!