06/19/2012 Live Update

[MrMiyagi]

So how much has been priced in........ 150% ?!?!?!?!?

Looks like a suckers rally today - tomorrow the bubble goes "pop" again.
Everyone just jumping on so they don't miss anything........ they won't miss the drop, that's the name of the game.

I am thinking the same. Everyone is expecting Benny and the Feds to speak and gold/silver to drop mirroring the past. What if it doesn't? No one seems to be thinking that, at least not too many.

I'll wax "The Button".

[TraderGirl]

Does anyone else see a smack down for PM's??

Yup, find it odd GLD and SLV are down while Dollar is down and market ripping higher. Seems to be a disconnect.... Anyone have thoughts as to why?

What do your charts look like?? I guess if no QE announced then that would not be good for commodities....

No way!
Opposite !!!!!!!!!
Sounds like conflicting messages....you are saying

no money printing = GLD gets smacked down hard,
no QE, the opposite = good for GLD..???

yet you are short GLD...??? What's up RA...??


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[KeiZai]

I closed my longs here and opened pilot shorts...good R/R

SP

DAX

[BullBear52x]

I closed my longs here and opened pilot shorts...good R/R

SP.png

DAX.png

Nice rising wedge but I don't believe it until uncle think so, see Dr. Copper.

[Al_Dente]

Compression of bolingers on 5min $VIX again; usually precedes a big move
SPY and XIV have been diverging all morning; if XIV is leading today, the move would be down
Other internals (nyadv >2500) says the bull is intact

[Mr. T]

I closed my longs here and opened pilot shorts...good R/R

SP.png

DAX.png

Nice rising wedge but I don't believe it until uncle think so, see Dr. Copper.

Dr. Copper called in sick today........ we're stuck with Dr. Pepper

[Cobra]

consolidation here is not bad for bulls.

[KeiZai]

I closed my longs here and opened pilot shorts...good R/R

The attachment SP.png is no longer available

The attachment DAX.png is no longer available

Nice rising wedge but I don't believe it until uncle think so, see Dr. Copper.

Yeah just pilot for small play copper is due for pullback see AUD/USD

[uempel]

I've got a signal which points to 2:00 pm - first chart is the close-up:

[BullBear52x]

Here a look at Gaps, gap right above 135 previous gap. let it runs, I will not shorting this move until 135 is broken back down. I am moving swing long stop to that area, a trade back under will be a bearish reversal. other indicator like CCI still got more room to go.

[Cobra]

breakout, I hope this time is real as I have some sell limit above it to lock profit. Praying...

[Al_Dente]

SKEW signaled a bottom (?)
This is weekly; anyone else have a better read on the cboe SKEW?
http://screencast.com/t/45qWWUkAq

[Cobra]

clear 3 push up on 1 min chart. I just wish this last push up could overshot the trend line.

[TraderGirl]

SKEW signaled a bottom (?)
This is weekly; anyone else have a better read on the cboe SKEW?
http://screencast.com/t/45qWWUkAq

Look back at Aug/Oct 2011, bottom in Aug, then another in Oct...lower low....

[MrMiyagi]

clear 3 push up on 1 min chart. I just wish this last push up could overshot the trend line.

It would be nice, I have some trash to unload.

[BullBear52x]

For educational purpose, see MACD who said TA doesn't work? she is still going strong elder system turn blue will indicate weakness, not now, CCI is due for pull back, so's RSI, wait a day or two more at most for a good turn.

Zoom up

[TraderGirl]

Price objective could be 1360-61...??

[CognitiveDissonance]

clear 3 push up on 1 min chart. I just wish this last push up could overshot the trend line.

It would be nice, I have some trash to unload.

[OverUnder]

Guardian article: "Angela Merkel is poised to allow the Eurozone $750B bailout fund to buy troubled countries debt".

[MrMiyagi]

Tapping into a 1/4 position TZA here, probably early.