06/20/2012 Live Update

[soku]

another boring morning (if not counting JPY). cannot do anything except chatting.
market is in waiting mode. support 1346-48, a better one at 1340 es. on the other side, es is making a series of lh hl.
qe3 unlikely, but still possible. ot extension is more likely imho

[KENA]

Have not showed this chart for awhile..The institutional buying is still going up and notice the positive devergences. Chart by stocktiming.

[cougar]

GLD 60 might be helpful for short term support levels and ST Cycles:

[Mr. T]

Cheap oil and commodities = massive global stimulus.

The obstacles to cheap oil = Obama & Iran

The obstacles to a profitable world economy = Ben, Obama, Romney, Congress, OPEC, Europe, Russia, Iran, China, and Justin Bieber.

[TraderJoe]

Mr.T - Justin Bieber???

[Al_Dente]

Justin Bieber

[Petsamo]

Cheap oil and commodities = massive global stimulus.

The obstacles to cheap oil = Obama & Iran

The obstacles to a profitable world economy = Ben, Obama, Romney, Congress, OPEC, Europe, Russia, Iran, China, and Justin Bieber.

Romney, OPEC, Russia, Iran, China, & Justin Bieber do not have large unpayable debts

[soku]

Have not showed this chart for awhile..The institutional buying is still going up and notice the positive devergences. Chart by stocktiming.

liq%20ss.png

very interesting chart. my reading is it could go either side. do u know how they build the indicator in bottom? i think they need to smooth it a little bit.

[Petsamo]

I see a rebound

[Mr. T]

Mr.T - Justin Bieber???

I don't like him.

It's not his fault really, just a marketing machine taking him for a ride.
Anyone with that much blind adoration directed towards them is just begging for abuse and scandal.

Then again, I hated all the boy bands too....... and you see how they turned out.

Bring back some good glam-rock or hair-metal.

[Al_Dente]

AAPL weaker than Q
nasdaq internals weak at the moment

[jarbo456]

testing the breakout of the triangle in /CL...

very good predictor for this mornings action...

[cougar]

VIX gave an early and timid BUY signal.
Confirmation => when it crosses 19.99!
Sounds like WS price? Ha-ha!
Charts at closing: Friday and yesterday

Thanks cougar great chart...as always!

Thanx KeiZai!
Here is GLD: unable to successfully break above the "Technical Reg. Channel" ... gapping down inside it and ready to fill an almost forgotten gap!
Ready for it...if you know what I mean...

cougar, check RRC for me.
btw how do u like arna? only 40% in 1 week, for now

Hello Soku!
Yeah...ARNA doing well! Some people look at 14 now..
RRC looks good, considering its "good behaviour" in a market adverse to its sector.
I don't have it, but I am looking at a BUY when it bounces from this zone (59.25-59.5)

[KENA]

Have not showed this chart for awhile..The institutional buying is still going up and notice the positive devergences. Chart by stocktiming.

liq%20ss.png

very interesting chart. my reading is it could go either side. do u know how they build the indicator in bottom? i think they need to smooth it a little bit.

No I don't know how they build the indicator in the bottom..They don't talk about it,Maybe one of these days I will send them a note and see what they say.

[Petsamo]

Mr.T - Justin Bieber???

I don't like him.

It's not his fault really, just a marketing machine taking him for a ride.
Anyone with that much blind adoration directed towards them is just begging for abuse and scandal.

Then again, I hated all the boy bands too....... and you see how they turned out.

Bring back some good glam-rock or hair-metal.

Anyone know if Bieber knock up that woman who's suing for paternity?

[Cobra]

now it could be Double Bottom. wait...

[EvilTrader]

Mr.T - Justin Bieber???

I don't like him.

It's not his fault really, just a marketing machine taking him for a ride.
Anyone with that much blind adoration directed towards them is just begging for abuse and scandal.

Then again, I hated all the boy bands too....... and you see how they turned out.

Bring back some good glam-rock or hair-metal.

That menudo guy rick martin said they are all gay.

[Richarab]

Mr.T - Justin Bieber???

exactly - Canada is doing quite well!


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[soku]

quick check of rate market. i believe ext OT is priced in. in other words if not, market will drop. ben never let the street down in the past.
other things to monitor including language about market reading, rate outlook. yield curve since last week indicated it will be low til at least mid 2014. he needs to say it this afternoon.
other thing could be purchase of mbs. 30 mort rate broke 3.5%. he could buy now.

[Mr. T]

VIX should keep climbing into the stressful announcement = that should keep a lid on the bulls (IMO).

My tension is increasing anyway.....