04/10/2013 Live Update

[gappy]

Art Cashin calls it the "Peggy Lee breakout" -- "Is That All There Is?" $SPX record "produces yawns rather than frenzied short covering" http://www.youtube.com/watch?v=07CwlekVRq4

[Cobra]

2 legged pullback, not much harm done yet, so the chart is still bullish biased.

[gappy]

The beat goes on.

gdx.png

http://www.youtube.com/watch?v=yEkq-lloW_M

[KENA]

Looks like a dn move could here soon look at the RSI and Stoh's

[Cobra]

members only update at 3:30 pm
http://www.cobrasmarketview.com/2013/04 ... ay-update/

[stlwater]

Any thoughts on GLD, NUGT ? Thanks

Good way to lose money so far this year.

as of now, you right, I improved my account with it but still in red... bought NUGT for a swing again ...

Are you crazy? Gold is going down, even GS recommended a short today. And I guess you are aware of the Paulson issue...

Do you think this market is a) fueled by economic growth or b) Uncle Ben?

So what you're saying is, everyone is on the same side of the boat?

[Out of Bounds]

\/......\/?
Scaling in shorts through here to hold through night. Feels like it's right but my hunches have been wrong today and my signals have failed.

[1der]

If no decisive breakout here on ES , looking for 1578/1580 close

[Cobra]

back to the day high, let's see if any breakout this time as it'd be the 3rd time testing the day high.

[Cobra]

well, guess that's it for today. didn't expect today to be this strong but it's not essentially a good news to bulls. I've explained why to members. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[Medman]

Are we seeing exhaustion in SPY?

[Al_Dente]

“Gold Prices Tumble Most in Five Months as Cyprus to Sell Bullion”
http://www.bloomberg.com/news/2013-04-1 ... -drop.html

[Al_Dente]

Not now but when Ben is ready:

"Federal Reserve Chairman Ben S. Bernanke said the Fed will raise the interest rate on excess reserves as its primary tool for tightening monetary policy rather than selling assets from its balance sheet"

[this is important, but I’m not sure why yet…??..]

http://www.bloomberg.com/news/2013-04-0 ... -tool.html

[KeiZai]

EU markets closing right at broken trendline last stand here for bears we will see if they are gonna fight back tomorrow

Morning DAX: download/file.php?id=42413&mode=view

Have a good1

[TumblingDice]

Just off the top of my head, today would also be the biggest SPX/VIX divergence in recent memory. The VIX is quite a ways above its recent lows while the SPX has made decisive new highs.

[Out of Bounds]

G'night guys. Se you tomorrow.

[1der]

Bummer - too choppy, 1578 likely in overnight . See ya.

[MrMiyagi]

Bitcoin charting.
See you kids tomorrow.

[TWT]

$SPX: 7-wave up leg but we have to wait for an ending pattern

[Nrsimha]

Bitcoin charting.
See you kids tomorrow.

<< Bitcoin >>

I was about to say buy the dip..... but wait a second; I blinked --- so therefore I missed it.


http://bitcoin.clarkmoody.com/