06/06/2012 Live Update

[MrMiyagi]

AAPL update and outlook by any chance Cobra?

[jarbo456]

anyone going to use this rally to buy protection on their long term portfolios?

a rally like this is what i've been waiting for, but...you just can't underestimate the power of the bulls.

[Mr. T]

This is still just leg one right?

Another to go, and another.......

Three push up would be a dream come true.

[louie]

So ...... one rally and EVERYONE on this board is bullish now ??

If you are a day trader, how can you not be bullish when market is going up and bearish when going down?

[EvilTrader]

So ...... one rally and EVERYONE on this board is bullish now ??

Its a short-term trading board.

Not long-term fundamental macro asset management.

[Cobra]

long time no touching EMA20, very strong, so bears, don't fight here.

[KeiZai]

Shorted (small one )

[TraderJoe]

gasl - Direxion Daily Nat Gas Rltd Bull 3X is currently up 13.7% and UNG is only up 1.5%

I don't understand the difference between the 1.5% and the 13.7%???

Does anybody have any ideas??

Its a highly leveraged long fund. Bull 3x!!!

I understand it is 3X, I play it but 3X 1.5% is only 4.5%, not 13.7%??? There must be something else in play here???

[lazytrader]

long time no touching EMA20, very strong, so bears, don't fight here.

We are close to 24 points on SPX...again proves YES WE CAN.

[Cobra]

aapl almost hit the target: http://stockcharts.com/public/1684859/c ... /260183775;

[snakehead]

gasl - Direxion Daily Nat Gas Rltd Bull 3X is currently up 13.7% and UNG is only up 1.5%

I don't understand the difference between the 1.5% and the 13.7%???

Does anybody have any ideas??

Its a highly leveraged long fund. Bull 3x!!!

I understand it is 3X, I play it but 3X 1.5% is only 4.5%, not 13.7%??? There must be something else in play here???

Direxion Daily Nat Gas Rltd Bull 3X
The key word is <<Rltd>> = "Related" --- If i am not mistaken it covers not just the commodity itself (nat gas) (as in UNG) but drillers and explorers and producers.

[TraderGirl]

gasl - Direxion Daily Nat Gas Rltd Bull 3X is currently up 13.7% and UNG is only up 1.5%

I don't understand the difference between the 1.5% and the 13.7%???

Does anybody have any ideas??

Its a highly leveraged long fund. Bull 3x!!!

I understand it is 3X, I play it but 3X 1.5% is only 4.5%, not 13.7%??? There must be something else in play here???

I believe that ETF is made up of energy stocks, and UNG is measured by spot price of nat gas...

[OverUnder]

Interesting to see if this channel top holds.

[TraderGirl]

SPX could be nearing resistance at 1310...

[louie]

I "want" to short BAC so bad I can taste it

[SWalsh]

For your reading pleasure. NOT NOW, it's too long, but may give insite to what da boyz are up to in new trading environment. Just bookmark to read after the close:
http://www.credit-suisse.com/us/asset.. ... _paper.jsp

just showing an error, nothing opening up

sorry, here is PDF:
https://www.credit-suisse.com/asset_man ... 042012.pdf

(In Part)

"Government and central bank intervention: Central banks in developed regions, such as the US, Eurozone and Japan, have engaged numerous expansionary monetary policies (i.e., quantitative easing, Operation Twist4 and zero-interest-rate policies5) to help restore both funding and market liquidity. At the same time, government intervention—in the form of bank support and financial packages—has helped to further bolster financial markets."

The only thing they did nit do in the report is go one step further and state that the US Government has quasi-nationalized the banking system and when it deems necessary, utilizes High Frequency Trading to "caress" the mkt higher when it reaches vulnerable prices. It does speak of increased volatility in equities and price-disconnection. All-in-all, a good synopsis of what has been taking place and what they define as "The New Normal" is. What they specifically exclude is that this new normal is really fascism when it comes to the banking system and markets.

[lcgllc]

i'm afraid our crack induced squeeze will cause a "any news is good news" Beige Book scenerio...watching MACD divergence across 5min and 60min and of course the crazed run and stall (for now) at the 20 DMA ES daily

[KeiZai]

jonesie

[OverUnder]

Wedge breakdown at top of channel.

[louie]

For your reading pleasure. NOT NOW, it's too long, but may give insite to what da boyz are up to in new trading environment. Just bookmark to read after the close:
http://www.credit-suisse.com/us/asset.. ... _paper.jsp

just showing an error, nothing opening up

sorry, here is PDF:
https://www.credit-suisse.com/asset_man ... 042012.pdf

(In Part)

"Government and central bank intervention: Central banks in developed regions, such as the US, Eurozone and Japan, have engaged numerous expansionary monetary policies (i.e., quantitative easing, Operation Twist4 and zero-interest-rate policies5) to help restore both funding and market liquidity. At the same time, government intervention—in the form of bank support and financial packages—has helped to further bolster financial markets."

The only thing they did nit do in the report is go one step further and state that the US Government has quasi-nationalized the banking system and when it deems necessary, utilizes High Frequency Trading to "caress" the mkt higher when it reaches vulnerable prices. It does speak of increased volatility in equities and piece-disconnection. All-in-all, a good synopsis of what has been taking place and what they define as "The New Normal" is. What they specifically exclude is that this new normal is really fascism when it comes to the banking system and markets.

SWalsh: reading this report, I try to leave my "bias glasses" at the door. I just want to try and front run this pricks!