05/03/2013 Live Update

[toddymc]

Looks pretty toppy to me here ...ONE BIG Bull Trap IMHO
Anyone buying here? doubt it just --short covering what a load of horseshit
Eyeing the 1620 + area ES to go short But not till Mon.

[kenttown]

Today's "real" jobs number: -600,000

http://www.zerohedge.com/news/2013-05-0 ... ll-decline

[Darkmatter]

lol, Zerohedge, proudly supplying retail investors with the "real data" ever since, oh, S&P700. They're as much to blame for keeping money out of the market as the fatcat bankers. Not that that's not an interesting item, not that it's wrong. But they just love keeping up their snotty, snarky tone despite having been on the wrong side of the market for years.

Every once in a while I have to saying something about Zerohedge, nothing wrong with your post, it's just that kind of day lol.

[johnnywa]

Zero hedge sucks

[BullBear52x]

M1 is going strong still and DBV is a mess.

[kenttown]

Marketwatch have the figure at -500,000

[Cobra]

it was a good H2 long. let's see how the day high gets retested.

[uempel]

I'll be checking the bullish percentages tonight, but so far this looks like an important breakthrough. Whoever is a sceptic didn't play the market in 1994/1995: hardly anybody expected the huge rally and a few years later nobody expected the decline

[toddymc]

AAPL Bear Flag.. more evidence of topping pattern

[ClarkW]

Copper anyone? http://stocktwits.com/KimbleCharting/me ... 9#13379403

[BullBear52x]

I want that head fake for da bears

[Apple]

AAPL Bear Flag.. more evidence of topping pattern

I think...start of new significant trend up...but what do I know

[Darkmatter]

I mentioned a couple of weeks ago that Transports still had a way to reach a double top. They finally got close enough for jazz today.

[uempel]

Are there any bears out there They sure will like this chart My "132-System" is kind of funny, but it shows an amazing consistancy.

[Mr. T]

"We're never going down again!!!!"

[johnnywa]

Are there any bears out there They sure will like this chart My "132-System" is kind of funny, but it shows an amazing consistancy.

46.png

Ha Ha your so funny,so what does this have to do with bearish case

[toddymc]

Are there any bears out there They sure will like this chart My "132-System" is kind of funny, but it shows an amazing consistancy.

46.png

Ha Ha your so funny,so what does this have to do with bearish case

You're kidding right? seems pretty self explanatory.. negative divergences everywhere as well

[BullBear52x]

trailing stop on FAZ and TZA are in, let it rise baby.

SPY tick tick tick

[Michelle]

Are there any bears out there They sure will like this chart My "132-System" is kind of funny, but it shows an amazing consistancy.

Uempel, I love your charts! Tony Caldaro has a pivot at 1614, give or take 5 pts. Will be interesting to see what the market does here.

[BullBear52x]

I am not bearish, just hope that smart longs will take some profit that's all, or someone just love to look at their account and never sold