04/11/2012 Live Update

[67Chevy]

AAPL weak.

Hmmm...just noticed this story.

"SAN FRANCISCO (MarketWatch) - The U.S. government has filed an anti-trust lawsuit against Apple Inc. and publishers related to e-book pricing, the Wall Street Journal reported Wednesday. U.S. Attorney General Eric Holder has scheduled a press conference at noon related to a "significant antitrust matter." Apple AAPL +0.84% shares were up a fraction at $633.40 at last check."

[Richarab]

Guys, good luck in your trading. I'm going in Communicado, Georgia. I'll be back Monday.

Sweet home Alabama!

[uempel]

I might be too bullish, I'm eyeing a next stop at 1390 and not at 1340...

[pidge66]

Is my stocktwits account you see this one? It's suspended. Don't know why. I sent a mail to ask now.

Yes, the one with the super bernanke pic. Your last post was on 1/20/12.

CobraMarketView
New post: 01/20/2012 Trading Signals http://t.co/IhCeBqMp $ES_F, $SPY, $SPX

[Valance]

Cobra,

Thoughts on Apple?

[SWalsh]

Guys, good luck in your trading. I'm going in Communicado, Georgia. I'll be back Monday.

Pack heat

[SB73]

I might be too bullish, I'm eyeing a next stop at 1390 and not at 1340...

90.png

I am with you...bought before close yesterday, but now have stops to ensure profits just in case I was wrong which happens once in a while

[KENA]

Trin now at .95 so may have some selling..Lets see.

[Al_Dente]

Alignment chart, 15 min, so not as jumpy as 1 or 5m

The attachment 411allign.png is no longer available

Al can you translate what you are trying to glean from your indicators over-layed on this chart? Just curious. Thanks.

hi LT
Which internals are “aligning” with SPY/SSO, and which aren’t (INTRADAY ONLY)
Eg: if the inverted trin starts heading down, when SPY/SSO is heading up = not good
etc
I DO NOT EXPECT DOLLAR AND YIELD to move lock-step w spy intraday
But I DO WANT inverted trin and vix and (usually) banks to align w spy intraday
…. just clues to direction and strength of the move, and possible/maybe signs of impending reversal.
Here’s same chart over 5 days, note just one example 5 April, inverted trin (volume) started flowing into DECLINING stocks big time,
and the dollar was not in favor of a spy rally, etc
If u ask a more specific Q I will try to give a more specific A
thanks
PS: this chart is helpful to me, if it’s not helpful to anyone, pls let me know and I won’t post updates …. and my “feelings” won’t get hurt, promise.

[uempel]

Signal postponed to 10:10 am...

I guess the signal I saw on the 10 min was a dud. Resistance at 1372 was too strong shortly after the opening I guess the break will come later.

Your signals rarely are duds and right now doesn't look like one, an up move started 5m before 10 AM. I'm long now, since the retest at about 10:08 established a trend line.

Thanks, but for very short term trading I need explicit moves. The break above 1372 is a bit too wooly for me. I've got a smallish long postion with a longer time horizon, but in order to collect intraday handles I seek quick-response

[uempel]

Al_Dente, I love you a) because you are a gorgeous long-legged blonde (most guys here don't know) and b) because your charts are really great - honestly

[BullBear52x]

GM,

I see nothing to suggest buy, but sell the rip. maybe later in the day things will change TA wise, but for now I see nothing beside some level of support but not strong enough to suggest buy-able over night. IMHO.

[KENA]

Alignment chart, 15 min, so not as jumpy as 1 or 5m

411allign.png

Al can you translate what you are trying to glean from your indicators over-layed on this chart? Just curious. Thanks.

hi LT
Which internals are “aligning” with SPY/SSO, and which aren’t (INTRADAY ONLY)
Eg: if the inverted trin starts heading down, when SPY/SSO is heading up = not good
etc
I DO NOT EXPECT DOLLAR AND YIELD to move lock-step w spy intraday
But I DO WANT inverted trin and vix and (usually) banks to align w spy intraday
…. just clues to direction and strength of the move, and possible/maybe signs of impending reversal.
Here’s same chart over 5 days, note just one example 5 April, inverted trin (volume) started flowing into DECLINING stocks big time,
and the dollar was not in favor of a spy rally, etc
If u ask a more specific Q I will try to give a more specific A
thanks
PS: this chart is helpful to me, if it’s not helpful to anyone, pls let me know and I won’t post updates …. and my “feelings” won’t get hurt, promise.

411allignb.png

Thats quite a chart..Keep it.

[uempel]

I might be too bullish, I'm eyeing a next stop at 1390 and not at 1340...

90.png

I am with you...bought before close yesterday, but now have stops to ensure profits just in case I was wrong which happens once in a while

I sold 80% at ES 1368 - but it was meant as a short term trade and I'm glad it worked out so smoothly.

[KENA]

I have not done anything today..Still holding SPY short and hedge..Will get rid of one if we get a break out..Maybe we just go sideways???

[Cobra]

Is my stocktwits account you see this one? It's suspended. Don't know why. I sent a mail to ask now.

Yes, the one with the super bernanke pic. Your last post was on 1/20/12.

CobraMarketView
New post: 01/20/2012 Trading Signals http://t.co/IhCeBqMp $ES_F, $SPY, $SPX

OK, here's what's happening. I'd never use stocktwits again. who cares about them. It was connected to my current twitter but some contents are not allowed.

[uempel]

I have not done anything today..Still holding SPY short and hedge..Will get rid of one if we get a break out..Maybe we just go sideways???

None of my business, but I'm curious: why didn't you cover yesterday at the close? I saw so much support down there...

[Al_Dente]

Al_Dente, I love you a) because you are a gorgeous long-legged blonde (most guys here don't know) and b) because your charts are really great - honestly

[Cobra]

Cobra,

Thoughts on Apple?

nothing new.

[KENA]

A little dome here lets see if it stops at 137/137.10