05/30/2012 Live Update

[Carlos]

10 min stocastics and macd show we may be near a bounce. Thoughts?

[KENA]

This chart showes the weak and strong stocks movement on a larger scale and you can see how the S&P also changes.Chart by Stocktiming.They took out the blue line ,why I don't know.

[louie]

10 min stocastics and macd show we may be near a bounce. Thoughts?

All I know for sure is the "bot quote stuffing" on IWM has dropped way off!

[swayne99]

TRIN way too hight at 2.30 expecting a sharp rebound shortly

[Cobra]

ok, aapl is an ascending triangle, so the bias is up: http://stockcharts.com/public/1684859/c ... /260183775;

[louie]

ok, aapl is an ascending triangle, so the bias is up: http://stockcharts.com/public/1684859/c ... /260183775;

And the "bots" are hitting it hard with 1000 share quote stuffs!

[Cobra]

aapl looks good here too.

[TraderGirl]

5 year chart of UCO...dotted support around 28.21 and bottom trend line around $25ish...

I am assuming when we hit the bottom trend line, the market will be close to a bottom or at the bottom for the medium term...

[uempel]

I'd love to trade tomorrow, but I can't. I'm away for a few days and can't focus on the market. Very unfortunate . Bye guys, I'm off.

[louie]

You ppl are MUCH better at this. QUESTION: EUR/USD. My thinking is market must get dollar down to get market up. Roll out ofr dollar at highs and into euro while it's down (rotation). Problem (that I think I see) is as they are rolling into euro - ppl on other side of pond are unloading as euro tries pussing back up (for political and financial reasons). Is this a valid assumption?

[CognitiveDissonance]

Big drop if they can't hold this line, the red 50 sma. I'm guessing they'll try to hold it however they can.

[MrMiyagi]

Cancel Kwanza.

[louie]

Also, I'm currently in uvxy and tvix. Got in at yesterdays market highs.

[Al_Dente]

This chart showes the weak and strong stocks movement on a larger scale and you can see how the S&P also changes.Chart by Stocktiming.They took out the blue line ,why I don't know.

banks%20w.png

thanks kena i like that larger scale

[EvilTrader]

Pending home sales missed
Bots sell
Nydec >2500 grizzly for now

BANKS spain santander STD fresh low: http://stockcharts.com/freecharts/candl ... ,std|B|D10

530one.png

Santander is toasted.

They are selling their brazilian branch in order to raise funds to avoid a collapse of their central spanish unit.

[KeiZai]

short-term bottom ? but dont bet your children on it cuz this thing dont have bottom

[Petsamo]

Here's the bad news

[CognitiveDissonance]

short-term bottom ? but dont bet your children on it cuz this thing dont have bottom

I'm going to guess that it's going on par with USD.

[Cobra]

a little lower low, hopefully it could lead to a real breakout. tinted area is the target.

[Mr. BachNut]

Cancel Kwanza.

If you happen to see any P bars in TLT, UUP or VIX let us know. They could provide clues on interpreting bars on the equity indexs.