07/05/2012 Live Update

[uempel]

cobra - is leg one over?

Claire, this is not about legs, this is about the general direction. BPNYA is a good indicator, suggests that the market is moving higher. There might be stagnation or a retreat when BPNYA is at 55, but this indicator suggests that until then there is further upside for the US markets

[Claire]

thank you UMPEL

[uempel]

75aapl.png

Al, when did you screenshot? Dax looked really bad an hour ago, now it's coming back...

[Cobra]

maintain this should be 2 legged up.

[nicha]

Cobra, AAPL target?

[KENA]

The strong stocks are moving up and weak stocks moving dn indicating a positive direction .(Chart by Stocktiming)

[MrMiyagi]

SPX 1600!!!!

[Al_Dente]

75aapl.png

Al, when did you screenshot? Dax looked really bad an hour ago, now it's coming back...

UEMPEL
it’s current/fresh but it shows EWG real-time on the daily
I can only get $DAX eod end of day on stockcharts.com

Off topic:
Bill Luby on the bottom zone in the $VIX: http://vixandmore.blogspot.com/

[Cobra]

Cobra, AAPL target?

need see another pattern first.

[KENA]

Liquidity ticked up and is nearing quad 1.When in quad 1 expect the mkt to continue to move up for a bit.(Chart by Stocktiming)

[Mr. BachNut]

Short.
I got a NYMO overbought sell signal Tuesday.
The action though has been very bullish. So, it looks like this one will fail.
If today's low gets broken before Tuesday's high, maybe it has a chance.
Continued upward movement will set cumulative NYMO records for short time spans.

[Al_Dente]

UEMPEL
here's the one with EWG

[OverUnder]

Gold should continue to sell off in anticipation of better than expected jobs numbers Friday thus decreasing the chances of new US QE, at least until the 1:30 floor trading close today.

[MrMiyagi]

Gold should continue to sell off in anticipation of better than expected jobs numbers Friday thus decreasing the chances of new US QE, at least until the 1:30 floor trading close today.

Is there a jobs preview out?

[KeiZai]

SPX 1600!!!!

Thanks MR! I have +- target to same region (1552)

EDIT: sorry my fault gld is not gold price/10

[noob]

Short.
I got a NYMO overbought sell signal Tuesday.
The action though has been very bullish. So, it looks like this one will fail.
If today's low gets broken before Tuesday's high, maybe it has a chance.
Continued upward movement will set cumulative NYMO records for short time spans.

The "star" like pattern on the es/spx daily chart looks toppy though, short term wise.

[KENA]

Looks like the next up and dn moves for the SPX will be up towards the blue line.How long will it take who knows.See Cobras Dailey After mkt reports on the next up trend moves befor the mkt makes its move.(Cobra I just could not resist)

[jdow]

Gold should continue to sell off in anticipation of better than expected jobs numbers Friday thus decreasing the chances of new US QE, at least until the 1:30 floor trading close today.

Is there a jobs preview out?

http://www.forexcrunch.com/adp-non-farm ... -a-change/

[KeiZai]

Dollar backtesting triangle breakout, more fun to come for euro

[uempel]

UEMPEL
here's the one with EWG

75germ2.png

Thanks Al, China and DAX look much weaker than the US indices...