06/06/2012 Live Update

[Al_Dente]

Feds say strongest in steel mfg??? I get weekly reports that show the steel demand going down each week???
Funny!!!

ditto here joe
weekly

[TraderJoe]

Region: USA, East of the Mississippi
Hot-rolled band: 716 (649) -3%
Cold-rolled coil: 823 (746) -3%
Standard plate: 998 (905) 1%
Shredded scrap*: 412 [419] -2%
#1 Heavy melting scrap: 374 [380] -2%
#1 Busheling scrap: 421 [427] -3%

Region: Mainland China***
Hot-rolled band: 552 -3%
Cold-rolled coil: 663 -3%
Rebar: 535 -4%
Standard plate: 553 -3%

Region: Western Europe
Hot-rolled band: 655 {523} -4%
Cold-rolled coil: 767 {612} -3%

Region: World Export Market
Hot-rolled band: 630 -2%
Cold-rolled coil: 727 -1%

[TraderJoe]

The above is a copy of current steel prices worldwide.

[Cobra]

it was a successful H2 long or EMA gap long.

[MrMiyagi]

TG, one more;

[Claire]

cobra: no targets today? I'm totally confused at the moment.

[TraderGirl]

TG, one more;

Nice!! Everyone knows that sentiment can change on a dime when someone speaks and they don't like what they hear....
Doesn't Bernanke speak tomorrow morning??

[737controller]

TG, one more;

what software you using?

[MrMiyagi]

TG, one more;

Nice!! Everyone knows that sentiment can change on a dime when someone speaks and they don't like what they hear....
Doesn't Bernanke speak tomorrow morning??

I think so, to congress or something; I'm not too savvy on that front.

[Cobra]

cobra: no targets today? I'm totally confused at the moment.

may close high of the day, my guess.

[MrMiyagi]

what software you using?

TD Waterhouse platform. Shows these suckers like there's no tomorrow (or filter). Sometimes they also show up on my RBC platform.

Where are you controlling your 737 from?

[Cobra]

bulls cannot afford to lose here, must make a decisive new high, let's see.

[EvilTrader]

bernanke speak will be another excuse to rally this pig.

You know, its a game, scalp the muppets first, come up with a macro theory afterwards.

http://www.youtube.com/watch?v=JSUIQgEV ... re=related

[Al_Dente]

what software you using?

TD Waterhouse platform. Shows .....RBC ... 737 from?

NINJA
focus
focus
TIME??

[MrMiyagi]

NINJA
focus
focus
TIME??

POWER HOUR!!!!!!!!??????????????

[giggleeyes]

Hi Cobra,

Is today a MAD day?

[TraderGirl]

Will 25dma act as support for VIX...??
We are at an inflection point....

[Cobra]

Hi Cobra,

Is today a MAD day?

check for yourself: http://stockcharts.com/public/1684859/c ... /134696784;

the MAD definition is NYUPV:NYDNV >= 9, see top, do you get 9 for now?

You can almost find everything I say here in my public chart list, except the EVIL PLAN which is for members only.

[Cobra]

consolidation, hopefully the breakout is on the upside, so far not bad.

[thomas777]

can some1 update on GLD ?

Thanks!