06/01/2012 Live Update

[Petsamo]

I dunno why the DAX dumped so much. Bad economic numbers weren't theirs

[Al_Dente]

EURO fakout?

whaaaaaaaaaaaa?
thx

[KENA]

Watch SPX 200DMA at 1284.

[EvilTrader]

hey cobra,

your lower low call was correct, we will have a NYMO divergence as well.

Can SPY go higher from here, please ?

[Petsamo]

Market Owl withdrew his 1260 bottom call. He thinks the bottom is here.

[KeiZai]

Okey done! all fronts are reshorted, uf that was fast ...feel like on speed

PS: call me speedy gonzales

[KENA]

We have a new low at 128.96..This may be our bottom for the day.???????

[Al_Dente]

Stuff aligns
Just keep yr sqz goggles on

[Petsamo]

We have a new low at 128.96..This may be our bottom for the day.???????

Europe is too stretched to the downside. Until they close in 50 minutes, we really shouldn't drop too much more.

[gappy]

DSLV 42.10 for a swing. Cartel can't have the fiat being seen as inferior.

[ClarkW]

S2 Pivot appears to be providing support for IWM on the 5 min....for now

[TraderGirl]

Who wants to buy some GDX right here??

Would have to break out convincingly...Fib retracements on last pullbacks were around 61.8 to 71.8%...

[TraderJoe]

Who wants to buy some GDX right here??

Would have to break out convincingly...Fib retracements on last pullbacks were around 61.8 to 71.8%...

GM TraderGirl,
You need to get up earlier

[THAT GUY]

Good morning Cobra, do you read a bottom around the 129-ish or we need to wait some few more bars ?
Thanks.

[gappy]

Evil Trader mentioned miners. I will get back in heavy equipment maker TEX as close to 15 as i can. It follows the SPX fairly well, easy to manage.

[Al_Dente]

Candle Glance charts. All Europe ETFs. Roughly in order of the largest. TWO days only
http://stockcharts.com/freecharts/candl ... WI,EWO|A|G

[TraderGirl]

Who wants to buy some GDX right here??

Would have to break out convincingly...Fib retracements on last pullbacks were around 61.8 to 71.8%...

GM TraderGirl,
You need to get up earlier

What do you mean, been up since 6:30 this morning...???

Been watching this "B" go down like I thought!! Didn't expect miners to shoot up like they did...

There is a turn for Gold on June 6th...don't know if it will cause a breakout or breakdown. The last turn on May 15th had Gold bottoming and turning up...so we'll see next week what happens...miners look tired here...

[Petsamo]

EWG (Germany) keeps dumping it

[Claire]

Thoughts on AAPL? it's still holding support.

[Al_Dente]

S2 Pivot appears to be providing support for IWM on the 5 min....for now

nice chart clark