06/07/2012 Live Update

[KENA]

I don't want to confuse anyone when I comment that the charts may need another day or more time to confirm a up/dn move.These charts are more important for swing trading but still give daytrading somewhat of a direction.I do a lot of swing trading along with daytrading..Daytrading is more fun.

[Al_Dente]

CLARK
U may have timed that one like a watchmaker
Whooooooooooooo knows (only price)
u r now officially a scalper

[TWT]

SPX : Leading Diagonal (1/A) ?

[ballatines]

Cobra what is your thought on GLD now ?

[Richarab]

finally on the right side of gold. patience. i finally executed patience. knowing today would be a definitive day with all the prehype gold was exhibiting, the big move was the priced in move for QE3. brilliant. i was finally patient today. i need to remember if you miss a trade, another is always just around the corner...dont chase it, let it come to you..

So are you buying gold here?

love your humor!

[TraderGirl]

GDX....may or may not get new lows, but turned down before hitting 50dma....

[snakehead]

GDX....may or may not get new lows, but turned down before hitting 50dma....

I plan on adding to my core GDX position on dips here.
I have a slightly longer term view -- and on the dailies GDX is definitely now in a confirmed up trend.

[Mr. T]

Hey Cobra = any thoughts on Oil? Much appreciated.

[StudentBill]

Short term volitility low?

[Cobra]

Hey Cobra = any thoughts on Oil? Much appreciated.

check last night's Portfolio Update, it does reflect what I think.

[snakehead]

Hey Cobra = any thoughts on Oil? Much appreciated.

Mister T: It looks like there is a pretty firm floor at around 84.60:


I find this link useful:

http://www.pmbull.com/oil-price/

[Cobra]

Cobra what is your thought on GLD now ?

The chart pattern still is not bad, but I don't like today's pullback, will need wait and see.

[KENA]

There sure is a lot of talk and cheer leading to have the "US" come in and help bail out Europe.One thing this country does not need is to boworrow money and give it to Europe.If they do that I would move to Canada but they have problems also.Maybe we just impeach Big Ben.Thinking

[cougar]

Update on GLD: intersection of Reg. Ch. midline and gap base form now a good attractant/support

[TraderGirl]

GDX....may or may not get new lows, but turned down before hitting 50dma....

I plan on adding to my core GDX position on dips here.
I have a slightly longer term view -- and on the dailies GDX is definitely now in a confirmed up trend.

Good Luck Snake! Long term is a good plan...you can absorb the volatility

[Petsamo]

big boys buyin

[Al_Dente]

TICK is beeping

[johnnywa]

WTF just happened???

[snakehead]

News????


qqq acting like honey badger....

[fehro]

trendlines. Maybe a bigger triangle forming on SPX 60m? ( a little too early to tell) bearish wedge on the 15m?