07/25/2012 Live Update

[Mongoose]

btw this is me in my car


http://www.youtube.com/watch?v=YNLzfKh_d2Y

Did you just get your license??

did you notice? its a corbra
I dont know how to spell or drive.
dont ask me how well I trade.

[Cobra]

so far so good, my 2nd target has chances.

[KeiZai]

Dollar fell out

[brandyjoco]

Thanks Keizai - for the heads up on Silver/Gold
Let us know if it looks like it is headed down again...

[Mr. BachNut]

Cobra ,, what is your wildest guess from here ??

FOMC on Aug 1st, the market might speculate for QE3, therefore might run up until Aug 1st. Just watch how gold is doing now.

Personally, I still find it's hard to believe that Helicopter Ben dare to announce QE3. It'd be really considered as buying votes as we all know and even Ben admit, the best effect of QE3 is to lift the stock market so let everyone feels good and forget the reality.

Yeah. Not only buying votes, the whole commodity complex (not just gold) could go for a run. With grain prices up huge, oil, gasoline and natural gas looking like they may have bottomed and precious metals reacting positively, QE could really crank 'em. The commodities might actually react better than equities.

I think he likes to surprise the market from time to time too. So, we might get something next week, but it will have an aspect that people don't expect.

An alternative to doing anything significant now is to wait until Jackson Hole (I assume it happens again this year) to signal what the game plan is. The Market got trained to pay attention to that two years ago.

[KeiZai]

AUD update - we are close

[Cobra]

largest bar with volume surge, so might be a pullback of some kind here then should be another up.

[ClarkW]

I provided this chart 1.5 weeks ago when GDX was within the range for a POSSIBLE bullish Gartley. Well it's back. And with HOPE of QE3 we might get follow thru on today's move. Also worth mentioning $BPGDM is 7.14 which is the lowest since the panic in '08
Currently long NUGT (since first chart was shown) and added more this morning. Still not a large position for me. NOT A RECOMMENDATION

[MrMiyagi]

If we disregard AAPL here and just continue from yesterday then we are due for a rally up. Charts say so.

[EvilTrader]

Watch the 5 minutes trendline.

If back to the channel, more upside ahead.

[Al_Dente]

soooooooo UUP be down
could keizai or tradergirl post a current /dx or dxyo chart
OOOOPS NEVERMIND I JUST SAW keizai dollar thanks v much

Yes “follow the dollar” is still working quite well, but UDN is just the real-time etf (inverted) dollar

[Harapa]

NYSE Tick which moved to bear zone yesterday have now moved back into Bull zone.

Author's Note(Not mine): The Tick chart helps understand the short-term health of the NYSE. The red line is the 3-day EMA, and the light blue line is the one-day EMA. A climbing red line above zero is a sign of a healthy market. Crossovers of the 1-day and 3-day EMA's in either direction can detect short-term trend changes.

[Petsamo]

IWM wants to drop. Possible double top on SPY

[jarbo456]

Thanks to jarbo and tradergirl sooooo much.
TVIX looks like it broke hourly resistance....but with all your warnings I decided to chart VXX....and its telling a different story

sorry, i'm not tracking this blog all the time like i used to, so this is a late reply.

my suggestion is to try and incorporate an VIX ETF as a main charting indicator...

ETN's are fraught with a lot more internal supply/demand dynamics which can obscure the underlying feature they try to represent (volatility). just my two cents, and no worries mate, i'm glad to see you back around...are you done with college yet?

[MrMiyagi]

Ouch.. brick wall...

[Pagat]

picture from last night
looks promising

[Harapa]

This setup now favors long IWM: VIX ST < LT MA, and MACD in positive mode.

[KeiZai]

Enough from the rally : Egan-Jones cuts Italy to CCC- from B+ -

[Cobra]

pullback indeed. a little consolidation here before breakout would be better.

[Al_Dente]

Anyone familiar with SAN ? Like it or not ?
Fundamentals look fine. I'll add it to my watch list.

Spains biggest bank, it will take all the brunt of the Spanish miasma
Bottom fishing for a quickie bounce or what?
ST really ST only right? Otherwise, it was really nice knowing u petsamo

Three eurozone biggest banks are the last three charts here
http://stockcharts.com/freecharts/candl ... ,SAN|B|D10

Here is today’s spain bond yield http://www.bloomberg.com/apps/quote?ticker=GSPG10YR:IND
Supposedly 7% is the breakpoint yield, and by that the “smarty pants experts” mean that above 7% is where spain's debt is unsustainable and the whole thing breaks down
WDIK kool-aid
oy