06/28/2013 Live Update

[BullBear52x]

SPY...Did I just see a bull trap

I post something about bull flag earlier on my corner yeap looks like a trap.

[BullBear52x]

/es bears still have an upper hand.

[MrMiyagi]

NYMO is still in reversal mode, a bit of pressure taken off today.

[Al_Dente]

WHALE WATCH
“Gundlach Bought Agency MBS in Recent Days”
“Gundlach bets that benchmark 10-year Treasury yields could peak in July with a level around 2.75%.”
[our target was 2.3 to 2.4%]
“…But Gundlach says he wouldn’t be a buyer of Treasury bonds because…”

http://blogs.wsj.com/moneybeat/2013/06/ ... cent-days/

[TraderGirl]

WHALE WATCH
“Gundlach Bought Agency MBS in Recent Days”
“Gundlach bets that benchmark 10-year Treasury yields could peak in July with a level around 2.75%.”
[our target was 2.3 to 2.4%]
“…But Gundlach says he wouldn’t be a buyer of Treasury bonds because…”

http://blogs.wsj.com/moneybeat/2013/06/ ... cent-days/

oy whale_png.png

Thanks Al, he must be the new guru...

[BullBear52x]

Bears /es 1601 need to dip below that before a close to seal the deal.

[Darkmatter]

Break of all-day trendline.

[MrMiyagi]

!!!!! POWER HOUR !!!!!

[TraderGirl]

Dow...breaking down....

[AK84]

Cobra, NYMO above top BB implies more down ahead for market. Correct?

[Cobra]

volume surge so might see rebound here first then we'll see. I'm neutral.

[Cobra]

Cobra, NYMO above top BB implies more down ahead for market. Correct?

very short pullback.

[Al_Dente]

!!!!! POWER HOUR !!!!!

YEWOCH
MrMiyagi: do you show this monster p-bar?
Thanks in advance

[MrMiyagi]

Cobra, NYMO above top BB implies more down ahead for market. Correct?

very short pullback.

In my experience, size and duration undefined but NYMO does not like touching BBands.

[MrMiyagi]

MrMiyagi: do you show this monster p-bar?
Thanks in advance

Even Stockcharts shows it!

[thanos]

market a bit in no mans land. 1594 low end 50/20MA high end to about the 1624 area. will wait and see.

[Al_Dente]

thanks very much MrMiyagi

SHORT BONDS PLEASE NOTE
that p-bar doesn't show up on TBT (the ETF proxy for short bonds/long yield)
you have to hand-draw it

[BullBear52x]

a turn on /ES is cleared, but will it continue? for it is what it is, I will lean bear starting now.

[Cobra]

i see big ascending triangle here, so chart is bullish biased.

[1der]

ES 1607 battle ground must hold for Bulls