05/01/2013 Live Update

[Apple]

Anybody else seeing problems again with TDA?

YES, Called had to clean out Caush and reboot fixed problem

Thanks. Didn't work for me...tech support said they are aware and are working on the problem. Probably related to the fixes to fixes

I found that when the login screen comes up if you hit 'configure' and increase the memory settings, I have fewer problems.

Thanks. Good to know

[fehro]

messy SPX 15m & 60m. Divergence on the MACD 60m

[stlwater]

Again, I point everyone to the monthly RSI(14)... Drawn trendline from the highs 2000, 2008.. look back at what happened on the previous trendline just prior to the high in 2008.. big sell off at the touch. Look at where we are now. When was the last time you could draw a monthly RSI trendline across major stock market highs and be nearing a trendline touch? Not often. You think this isn't going to get a reaction?

[MrMiyagi]

[Out of Bounds]

Out. Gone for the day. Have a good one guys.

[wayne0708]

Dips buying!!!

[wayne0708]

Pennant with bearish biased.

[fehro]

re-adjusted my blue channel lines... break the cyan lower level.. look for 1582ish?

[MrMiyagi]

:

[Al_Dente]

"The FOMC announcement at 2:00 p.m. ET for the April 30-May 1 FOMC policy meeting is expected to leave the fed funds target rate unchanged at a range of zero to 0.25 percent. For some time, the focus will be on guidance language and comments on the status of the labor market. Debate on changes in quantitative easing is of key interest to markets but that detail likely will not show up until later FedSpeak and the FOMC minutes."

edit
"Since the Fed last met, unemployment data, retail sales, and GDP have all come in weaker than expected. Meanwhile, inflation has weakened, providing ample scope for the still-dovish policy committee to stand pat on asset purchases and reiterate its collective commitment (the now obligatory Esther George dissent notwithstanding) to easy money policies."

[Cobra]

looks like bears are not dead yet. I'm neutral. here're targets on both side.

[kaiboliu]

Why RUT is down so much compare to other index today?

[MrMiyagi]

Why RUT is down so much compare to other index today?

Partly because it has 2000 small caps.

[Cobra]

revisit morning low, key time. higher low or no decisive new low then bears are over, otherwise, this bear has legs.

[Cobra]

biggest bar plus volume surge, so may see rebound here first then we'll see. lunch time, will be back.

[wayne0708]

Testing Support

[wayne0708]

Cobra:
Remember the red bar on 04/23? Should visit it eventually

[ClarkW]

Cobra:
Remember the red bar on 04/23? Should visit it eventually

You're on a roll today, Wayne. Good stuff. Nice and clean charts...thanks for sharing!

[wayne0708]

Cobra:
Remember the red bar on 04/23? Should visit it eventually

You're on a roll today, Wayne. Good stuff. Nice and clean charts...thanks for sharing!

Thanks Clark. It's my lucky day I guess
Since I am on a roll, why not throw out the target if neckline is broken. May be I am a lil too optimistic for bears

[fehro]

1582ish for a bounce?