04/17/2013 Live Update

[BullBear52x]

can not go I am bearish now

[TumblingDice]

Just got rid of all my puts on the XLF SPY and QQQ. The RSI divergence on that channel is spooking me a bit on the near term. Adding some calls on GDX praying for the snap-back rally. It's either that or gold and gold miners go bankrupt.

ES may be looking for a double bottom here and I can see it rallying to the top of the channel. Then it either breaks through the channel up and retests the high or drops like a rock. That should be either today or tomorrow.

USD/JPY painting a what looks like a bear flag now. Should resolve itself either today or tomorrow.

[MrMiyagi]

How much do you want for the brain?

That one, I need...

[flrtrader]

I am disappoint in bulls today, that's all I got to say. looks a bull trap now.

Would you feel confident to hold either long or short over night?

Im 10% long, Pondering

Thx

[Al_Dente]

Strange sqz… very weak
Appears the bears won’t race to cover until the hi is taken out convincingly
this fail just emboldens them

[BullBear52x]

I am disappoint in bulls today, that's all I got to say. looks a bull trap now.

Would you feel confident to hold either long or short over night?

Im 10% long, Pondering

Thx

over night I am bearish bias now too.

[Al_Dente]

That hi was a shooting star
That sucks for a hi
“low reliability” bear reversal stick
http://www.candlesticker.com/Bearish.asp

On Spy Al? Very reliable? In other words your money is where your finger was
Seriously

I hate a fresh high on a weak candle
SPY
5min

[flrtrader]

Forgot but someone here was talking about their Apples! Might enjoy this read

http://www.marketwatch.com/story/why-ap ... atest_news

[Cobra]

members only update at 3:39 pm
http://www.cobrasmarketview.com/2013/04 ... ay-update/

[MrMiyagi]

Nope... not gonna hold today...

[ClarkW]

$SOX 30 min. Looks like more down likely

[L_T]

GDX being beaten up again today. Anyone going long yet if only for a day or two? It's so oversold but you know what they say about that......

[TumblingDice]

GDX being beaten up again today. Anyone going long yet if only for a day or two? It's so oversold but you know what they say about that......

I'm long. Absolutely huge volume here for GDX as well as hourly RSI divergence. Should have some sort of bottom this week.

[Cobra]

well, guess that's it for today. Need dig a little before calling tomorrow. 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

[Al_Dente]

http://www.youtube.com/watch?v=mV1LzXf1TKQ

[MrMiyagi]

Sucky close... Where is Ben and his printer when you need the old bastard ?

[stlwater]

Bottom fish:

The attachment junr.png is no longer available

JUNR Top Ten Holdings
Alumina Ltd (AWCMF): 3.37%
B2Gold Corp (BTO): 2.71%
HudBay Minerals, Inc. (HBM): 2.53%
AuRico Gold Inc (AUQ): 2.51%
Coeur D'Alene Mines Corporation (CDE): 2.48%
Alpha Natural Resources Inc (ANR): 2.38%
Shougang Fushan Resources Group Ltd (00639): 2.16%
Sherritt International Corp (SHERF): 2.13%
PanAust Limited (PNA): 1.89%
Hecla Mining Company (HL): 1.89%
% Assets In Top 10: 24.06% For the turn only.

Looking for a very strong bounce in the coming days. My GDX long-term channel support at $27.30. Getting close.

You have a chart for GDX, stlwater? Here's my weekly. Looks like we ARE THERE (trendline)

[MrMiyagi]

[Nrsimha]

Sucky close... Where is Ben and his printer when you need the old bastard ?

Ben and his buddies screwwed the pooch by overdoing the sell-off in commodities (to help their friends at G-S).
My uncle told me that Ben will actually be be buying some commodities during the next few days in order to get the
markets back on their feet.

[Nrsimha]

Mark my words --- the PROPAGANDA that you will be hearing for the rest of the week will be 'selloff in commodities overdone'.
'They' will try to get mom and pop to start buying oil and gold.