07/30/2012 Live Update

[Cobra]

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Flat open, so any gap will be filled. Usually after a wide range day like Friday, the next day tends to be a small range day, so might be nothing excited about today.

Global ES is consolidating above the breakout point, so it's not bad. The bias is up.

[Cobra]

the open.

[Al_Dente]

“Fed Weighs Cutting Interest on Banks’ Reserves After ECB Move”
http://www.bloomberg.com/news/2012-07-2 ... ounds.html


PAGING COBRA
Excellent report last night, thank you

[Cobra]

hopefully an ascending triangle here.

[Cobra]

“Fed Weighs Cutting Interest on Banks’ Reserves After ECB Move”
http://www.bloomberg.com/news/2012-07-2 ... ounds.html


PAGING COBRA
Excellent report last night, thank you

Thanks. Where's everybody?

[Al_Dente]

“........

Thanks. Where's everybody?

Don't know...........spooky

“Dollar Repatriation First Since Lehman Evokes Post-LTCM Gain”
“…………'People will continue to look for safety, and particularly U.S. bonds are viewed as the safest thing out there, which means buying dollars’ ………”
http://www.bloomberg.com/news/2012-07-2 ... rally.html

[ronrico]

Maybe expecting consolidation today

[KENA]

Liquidity had a good up tick last Fri and is now pushing the up side of the triangle..Strong stocks poped up to just above the lower high..Things look good but are they. (chart by stocktiming)

liq%20ss.png (20.6 KiB) Viewed 5897 times

[Cobra]

don't tell me, we'll be like this until Thursday.

[Al_Dente]

gold silver strong opening
[edit: GDX SLV]

[gappy]

In DSLV again 40.30

[Petsamo]

F is getting excited

[KENA]

Interesting chart of the indexes..Look at the spread between the NDX and others..NDX is way out of proporation compared to others.(chart by stocktiming)

z%20pct1.png (7.04 KiB) Viewed 5783 times

[Cobra]

testing ascending triangle top. wait...

[Al_Dente]

NYADV 1600 and NYDEC 1100 = choppy/range day at this moment…

[KENA]

don't tell me, we'll be like this until Thursday.

It would not suprise me..Mkt has some tough Res. ahead and up quite a bit..Overbought could burn off with 2-3 days of sideways movement..Maybe time to take a day or two off.

[Medman]

Dollar going down should help rebound.

[PhilM]

Double top on SPY 1-minute?

[Xian]

Good Morning. Cobra, since it's a little slow in here today I was wondering if you had any thoughts on AAPL— outside your AAPL report this weekend?

It's strong this morning on pretty OK volume. However, $600 seems a brick wall— or I believe some have called $600 a "tripwire".

I know your target, just curious.

Thanks very much in advance for any thoughts you may have. (Also, I'm sorry. I know you get asked about AAPL 25 times a day. It's a catnip stock for us amateurs,)

[PhilM]

Double top on SPY 1-minute?

Apparently not!