08/06/2012 Live Update

[TradingJackal]

If this is a small range day after a huge up day, then congrats to those who shorted ES 1395+.

[Al_Dente]

PAGE gvg
Plus VXX, UVXY are 2x which adds bounce/juice
XIV is 1x (on the bull-spy side) so not as juicy maybe more stable (using the word “stable” VERY loosely).

Always check the IV “Indicative Value” (using the word “value” QUITE loosely), to see if UVXY is trading at a premium or discount to “””value”””
http://finance.yahoo.com/q?s=%5EUVXY-IV
[kezai link]

[Cobra]

weak pullback, so the bias still is up FOR NOW.

[stucap]

buy the dip is the game. next dip will tell if the market want to move on.

agree. next dip will tell us a lot.

[dr659]

a new high after the first hour

[Al_Dente]

one min
nyadv is 2000

[TradingJackal]

IF the market wants to pierce 1400 on SPX yet create a diamond, this is how it could play out.

[Mr. BachNut]

Market neutral.
Signals are long but the whippy market we have been having makes me want to hit the beach rather than dance.
It makes sense for SPX to tag 1400 before next gyration.

[Petsamo]

Possible double top on IWM

[Al_Dente]

bonds are not cooperating with spy at the moment

[bpi22]

vix isn't cooperating with spy either

[EvilTrader]

Here's 5min channel.

Unable to break upper trendline so far.

I guess bias is down intraday.

[KENA]

Slow for me today..Not DT today so may be in and out today..Here ia a little TRIVA from Dorsey Wright.." in the 3 months befor the Pres.election( Aug,Sept ,Oct) if he mkt up the Pres gets relected and if dn he gets booted out.This is 88% correct so odds are fairly good.Lets HOPE for a dn mkt.

[Cobra]

ascending triangle, the bias still is up.

[rc1269]

think i'll wait until we breach 1400 and get a last push of short covering/stops, then buy some puts.

this entire choppy uptrend from early june looks like it might put up the oh-so-rare quintuple negative div on the daily RSI. unless of course we blast off from here and negate the divergence...

[Unique]

Cobra, AAPL reached 100% of target, at 622.

[Al_Dente]

I don’t know what AAPL is doing
I don’t care what AAPL is doing
I’m not even watching AAPL breakout high

[Cobra]

aapl almost hit my target. http://stockcharts.com/public/1684859/c ... /260183775;

[TraderGirl]

A lot of resistance in this area, SPX, XIV, and then we are sitting in a bounce zone on VIX....

[Cobra]

still bullish biased.