10/05/2012 Live Update

[Cobra]

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Gap up above yesterday's high so the gap might not be filled.

Global ES is having another breakout but since it travels too long to do the breakout so I don't think this breakout would hold, should be at least a consolidation here. The bottom line, this bull has legs, so the very first pullback would likely be bought.

[Al_Dente]

Good morning

HFT
Quick chatter on that meeting with the HFTs and the SEC
“…there currently are approximately 90 such systems [HFTs]…of which….. almost a third are ‘immaterial’…”
http://www.institutionalinvestor.com/Ar ... s-HFT.html

[noob]

Cobra, morning, does the open high usually go lower pattern still work for NFP day? Thx.

[KeiZai]

GM

Euro chart: if euro will go higher then it´s very bullish, if not then ABC target met to the point

DAX chart wedge still alive (I am looking to sell DAX at some point)

Russell looking to sell to open (at 61.8fibo atm with nice candle) (or at upper flag line)

[Cobra]

Cobra, morning, does the open high usually go lower pattern still work for NFP day? Thx.

Not sure anymore because there's QE anyway. In the past, a good job data means rate hike, but nowadays, the rate won't go high anyway, so hard to say if open high go lower again.

[Cobra]

the open.

[Al_Dente]

yeowwwww
TLT
UUP

[SB73]

the open.

5 straight gap ups

[BullBear52x]

GM, first red candle on 5min. should be good enough to sell. this is for the die-hard only.

[uempel]

Great chart for intraday trading - check the signal for October 26th - that's one week before the election. As to resistance levels, this chart resp the grey ellipse shows SPX at resistance now, higher up resistance at 1492..

[Al_Dente]

AAPL gap low

Today is the anniversary of Steve Jobs passing

“In the mornings and evenings he would meditate and study Zen, and inbetween he would drop in to audit physics and engineering courses at Stanford…”
[On Steve Jobs at nineteen, after returning from India, 1970]

[victorm]

Can anyone explaine why Gold is down? Thanks

[ClarkW]

Great chart for intraday trading - check the signal for October 26th - that's one week before the election. As to resistance levels, this chart resp the grey ellipse shows SPX at resistance now, higher up resistance at 1492..

11.png

Thanks for sharing Uempel! Big fan of your charts, especially the longer term ones like this. Much appreciated!!!

[noob]

Can anyone explaine why Gold is down? Thanks

Jobs better, quicker end to QE the rest follows. Not just gold, all commodities, stocks hasn't caught up with that yet.

[TraderJoe]

Can anyone explaine why Gold is down? Thanks

It has had a big run lately, it's due to pull back some..
Silver is up some 25%+ in the bast few months also..

[Cobra]

support. RSP lagging (so does QQQ), so this charge up is led by some heavy weighted stocks.

[Al_Dente]

VXX is off the charts
+24p
+287%
(could someone pls double check this... it's on stockcharts..... NOT the same on freestk)

[alvian33]

vix is off due to split

[Apple]

VXX is off the charts
+24p
+287%
(could someone pls double check this... it's on stockcharts..... NOT the same on freestk)

http://www.schaeffersresearch.com/comme ... gid=113014

sdow too

[sgregs]

Reverse Split