06/27/2013 Live Update

[RealMoneyIssues]

$SPXU: Is price forming a bearish rising wedge ?

Why do you analyze a 2x inverse ETF? Just curious, not judging.

SPXU = 3 x Inverse SPX

.........For clues

ok, thanks

[MrMiyagi]

Intraday NYMO at +22 which puts it over the 20,2.0 BBand setting and slightly below the 10,1.9 BBand setting.
Could be pointing to reversal tomorrow.

Is it jobs report Friday?

[TraderGirl]

Still keeping an eye open for turn around 2pm or 3pm EDT...

[Nrsimha]

Sensei, have you seen any P-bars on GDX or GG or NUGT or DUST or GLD or related (Etc.,) ?

[MrMiyagi]

Sensei, have you seen any P-bars on GDX or GG or NUGT or DUST or GLD or related (Etc.,) ?

Nothing at all on those duds.

[Cobra]

H&S bottom I'm not sure as H&S usually doesn't work.

[MrMiyagi]

[TraderGirl]

Back on April 3rd, I mentioned here: viewtopic.php?f=2&t=876&p=125078&hilit=slv#p125078

that we would probably test the $20.50 level in Silver...an overlap would be bearish and most likely indicate we have seen the highs in Silver...and there she goes...

[Cobra]

well, we can forget about H&S bottom now.

[Out of Bounds]

Do not Google "Head and Shoulders Bottom".

[Nrsimha]

Back on April 3rd, I mentioned here: viewtopic.php?f=2&t=876&p=125078&hilit=slv#p125078

that we would probably test the $20.50 level in Silver...an overlap would be bearish and most likely indicate we have seen the highs in Silver...and there she goes...

Time to buy silver !!

[TraderGirl]

30 minute MACD cross...now upon the 2pm hour...5 minute attempting to bust support...

[TraderGirl]

Back on April 3rd, I mentioned here: viewtopic.php?f=2&t=876&p=125078&hilit=slv#p125078

that we would probably test the $20.50 level in Silver...an overlap would be bearish and most likely indicate we have seen the highs in Silver...and there she goes...

Time to buy silver !!

SLV...This is possible next....

[Al_Dente]

Dudley’s remarks were designed to soothe the markets
And they did ...for a minute

• DUDLEY REITERATES QE TAPER MAY BE APPROPRIATE LATER IN 2013
• DUDLEY REPEATS UNEMPLOYEMENT MAY BE ABOUT 7% AT QE BUYING END...
• DUDLEY SAYS REDUCING QE BUYING WOULDN'T MEAN POLICY TIGHTENING
• DUDLEY SAYS FED WILL PROBABLY KEEP MOST ASSETS FOR A LONG TIME
• DUDLEY SAYS `MEASURED' QE TRIMMING MAY OCCUR IN 1ST HALF 2014

[Al_Dente]

[SPY] in the process of busting the trendline

VIXs have been bull since 24 June

[Cobra]

key time, decisive break below the green line, it'd be double top.

[uempel]

Good time signal on the 1 min at about 2:25 p.m. - in a few minutes

[wayne0708]

Not thing wrong with bullish channel

[Nrsimha]

Back on April 3rd, I mentioned here: viewtopic.php?f=2&t=876&p=125078&hilit=slv#p125078

that we would probably test the $20.50 level in Silver...an overlap would be bearish and most likely indicate we have seen the highs in Silver...and there she goes...

Time to buy silver !!

SLV...This is possible next....

TG: What do you think of the COT report for silver (and for gold)? Commercials are less short than they've been in quite a while -----> bodes for bullish turnaround. (And the "dumb money" is short.)

[wayne0708]

See chart