04/12/2012 Live Update

[xfradnex]

Cobra,
Sorry, I did not want to steal your thunder by making a first post, but I was looking at your long term TSX S&P chart last night, and I thought I would do a different comparison. As you generally note, Toronto usually leads S&P and from what I can see throughout many years, S&P and TSX follow each other closely. Looking at the chart below, I see a Big Fn 20% Bubble Now . TSX is on it's way down already. Should we look at going short S&P and long TSX equally or something else, old wise one?

[Cobra]

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Flat open, so any gap will be filled.

The Global ES doesn't look good, the overnight attempt on the upside failed. You Earth people may or may not try one more time unless this try makes a huge huge up otherwise, this is pretty much just a rebound, the overall direction is down.

[Al_Dente]

Good morning
“Investors retreat from stock mutual funds in March”
“Bond mutual funds continued to attract cash last month”

http://news.ino.com/headlines/?newsid=68985285658404

[stucap]

Doesn't seem to want to roll over, yet. Lots of buying pressure into the bell.

[Cobra]

Cobra,
Sorry, I did not want to steal your thunder by making a first post, but I was looking at your long term TSX S&P chart last night, and I thought I would do a different comparison. As you generally note, Toronto usually leads S&P and from what I can see throughout many years, S&P and TSX follow each other closely. Looking at the chart below, I see a Big Fn 20% Bubble Now . TSX is on it's way down already. Should we look at going short S&P and long TSX equally or something else, old wise one?

TSX represents commodity market, so TSX lags means the commodity market isn't doing good. The question is can the stock market rises alone without commodity market? Can gasoline price keep falling while stock market keep rising? Maybe Fed need new QE rule. I can give you free money but you must by stocks and sell oil.

[Cobra]

the open.

[pidge66]

Doesn't seem to want to roll over, yet. Lots of buying pressure into the bell.

Any Chinese gamers? PWRD cup and handle... http://goo.gl/g2lqY

[stucap]

the open.

Looks like earthlings don't control the market today, yet.

[davegordon14]

Any thoughts on the bullish falling wedge on AAPL right now? Looks like it hit the bottom trend line at $621.50, bounced off and touched the top of the wedge at $627 (and bounced off again). Any thoughts on this pattern from those with more experience in TA (I'm still pretty new to this)?

[SB73]

squeeze on GDX...

[stucap]

squeeze on GDX...

squeeze in everything? WTF?

[KENA]

Liquidity had a slight up tick yesterday..The DW NYSEBP and others all were in the red yesterday while the mkt was up.this does not speek well of the mkt.Vix is at 19.17,the closer we get to 20 the better for the bears.Now lets see how things go.

[Harapa]

Per Tom DeMark for today short at H2 or L1.

[Cobra]

volume surge, biggest bar, so might be a pullback here, then we'll see, should be more up.

[KENA]

This is what the VIX is doing.

[Al_Dente]

squeeze on GDX...

squeeze in everything? WTF?

yup
even little MOO

[Mr. BachNut]

Have initiated a long position.
Setup is driven by McClellan Oscillator rebounding from over-extension on the downside.
Tuesday's low should hold. Will add on a pull back or test of yesterday's low.
Gulp.

[Al_Dente]

(narrow board view)

Looks like materials lead
$DJUSBM is +2%
China $HXC up 1.7%

[soku]

rumor says some hf is covering shorts. the 10 point rally is tricky. be cautious people.

[Cobra]

some resistances here.