08/21/2012 Live Update

[ClarkW]

the philly fed state coincident indexes for july were releases today. the readings there are indicative of near recessionary levels. i need do some tests to check if the diffusion indices we're this low anytime but in recessions. i'm not sure this is the case, but growth is definitely slow now, more than the bulls admit.

Thanks for sharing! Will be interested to see your test results

[grachu]

what you mean by ozone layer? how did you get that price . dot ? and you think is just a pause. do you see a pullback ? I do

[OverUnder]

Definite change in market tone last few minutes. That, or my a/c kicked in a little much.

[Al_Dente]

!!!!!SPX 1600!!!!!
IT. IS. NEVER. GOING. DOWN. AGAIN.

As u know professor, this is all your fault for jumping the gun on the button yesterday.
Tell Mrs. M to walk next time

[victorm]

I’m buying inverse gold at 1639.5 spot, any input? Thanks.

There could be a significant turn on the 24th....
http://planetforecaster.blogspot.com/20 ... earth.html

The market could turn down that day as well, we have a Bradley turn date on 8/25....

Thank you TG, watching it closely... I think gold shoud go down quite a bit before rally to the sky...

[Cobra]

EMA20 might be the pullback target, still normally should be another leg up at least to try the day high.

[stucap]

what you mean by ozone layer? how did you get that price . dot ? and you think is just a pause. do you see a pullback ? I do

Definitely some profit taking in AAPL ahead of this whole Samsung jury thingy. Why not risk off and BTFD?

[Harapa]

Al,
Watch VXZ , it is with BEARS!

[MrMiyagi]

As u know professor, this is all your fault for jumping the gun on the button yesterday.
Tell Mrs. M to walk next time

Mea culpa indeed... I'll pass along the message.

[TraderGirl]

Any opinions on MCP ?

No momentum on rare earths yet...

[MrMiyagi]

[SB73]

this wasn't supposed to happen out of longs...on the sideline

[scout_lt]

Our count on S&P 500: http://blog.wavetrack.com/sp-500-breaks ... hats-next/

[Petsamo]

Any opinions on MCP ?

No momentum on rare earths yet...

Fundamentals at marketwatch.com didn't look that bad, but it looks worse at Scottrade's Research.

Break

So who's buying da dip ?

[Cobra]

pullback is larger than I thought. volume surge, let's see any rebound here.

[Mr. BachNut]

Breakout FCX
How is spot $COPPER doing?

Legit breakout.

JJC is a bit gappy compared to the actual $COPPER listing but you get the idea.

Also benefits from drought. Soy beans had a technically beautiful breakout from consolidation yesterday.

[KENA]

Great dome..Pull back right on target..Now lets see.

[Petsamo]

long CLF yesterday @ 41.27, sold this morning @ 42.20, repurchased 41.29

[MrMiyagi]

[Cobra]

well, let's see if this time it finally could be a 2 legged pullback. again I have no confidences on bears.