03/26/2013 Live Update

[MrMiyagi]

[gappy]

USO_90.gif

[toddymc]

If we Rally into close tomorrow could be a gap and go day to new highs...VIX back to 11 area? jeezuz


Another analog view check 3/4--3/5 Dates and what happened... just sayin'

[Cobra]

finally, breakout. yesterday's high might be the target. let's see.

[uempel]

Some SPY calls I got @ 1.05 a day scalp..will update if my estimated ES 1560 is hit.

SPY calls.png

Nice chart BTW Uempel...I assume the B scenario portends a pullback in Gold before breakout?

No, the other way round: A is weakness in gold, strength in equities, B is some kind of risk-off scare with gold spiking back for a few months and equities correcting.

[TraderGirl]

anyone who has kids will appreciate this video...2 year old picking a lock...funny!

http://www.huffingtonpost.com/2013/03/2 ... 54788.html

[toddymc]

Some SPY calls I got @ 1.05 a day scalp..will update if my estimated ES 1560 is hit.

The attachment SPY calls.png is no longer available

Nice chart BTW Uempel...I assume the B scenario portends a pullback in Gold before breakout?

No, the other way round: A is weakness in gold, strength in equities, B is some kind of risk-off scare with gold spiking back for a few months and equities correcting.

Gotcha , but looking further back it appears that the Ratio can drop even more...One more leg up in Gold possibly?

[uempel]

One of the reasons I'm short term bearish is momentum 191. Here a short term view, which shows the channel break a few days ago. So far SPX has not shown any reaction. Today's market reminds me of the adage: never short a boring market. And today's market is boring

[MrMiyagi]

OK, I can't find any REAL reason for IWM/RUT to be down, would I be wrong to assume that perhaps it is because of the dividend even though it was yesterday?

[MrMiyagi]

Oh yes, and of course........

!!!!!!!! POWER HOUR !!!!!!!!

[uempel]

Some SPY calls I got @ 1.05 a day scalp..will update if my estimated ES 1560 is hit.

SPY calls.png

Nice chart BTW Uempel...I assume the B scenario portends a pullback in Gold before breakout?

No, the other way round: A is weakness in gold, strength in equities, B is some kind of risk-off scare with gold spiking back for a few months and equities correcting.

Gotcha , but looking further back it appears that the Ratio can drop even more...One more leg up in Gold possibly?

Yeah, that's the B scenario in my chart (which is log, yours is num)

[toddymc]

One of the reasons I'm short term bearish is momentum 191. Here a short term view, which shows the channel break a few days ago. So far SPX has not shown any reaction. Today's market reminds me of the adage: never short a boring market. And today's market is boring

The attachment err.png is no longer available

AGREED I'm out of my calls till tomorrow... feeling like window dressing/ chop time = theta burn...
But that momentum indicator could backtest the channel break and set up Neg. Divergences = new highs.

And this could go on tomorrow as well to get the VIX watchers shorting crowd confused I smell a BIG FAT RAMPJOB RAT
in our near future

[Cobra]

hopefully a C&H here. tinted area the target.

[Out of Bounds]

Nice little pop there - not waiting for a very late day breakout. Staying neutral.
Have a great day everyone. See y'all tomorrow

[Al_Dente]

GOLD
Here’s inverted-ratio from my corner
Top panel: my space saver: instead of inverting the standard "Dow to Gold Ratio" and inverting the "SPX to Gold Ratio" this is the "Gold To All-Stock Ratio"
waiting for it to signal when gold starts to outperform all-stocks
Second panel: $BPGDM has signaled long (it will bounce with GDX)
Price panel: downtrend still intact

[fehro]

SPX 5m update.. new highs still short of target slight divergence on the MacD...

[uempel]

This power hour is obnoxious. Kind of like a second rate circus act. Quite incredible that it's still going on

Oh yes, and of course........

!!!!!!!! POWER HOUR !!!!!!!!

[jarbo456]

SLV absolute bedrock support at 27.70... selling has not been able to break price below for several days. Those following the Jarbo strategic trade might consider tightening the stop to ca. 27.60 or thereabouts, since A) the support is unlikely to break and B) if it does, the trade is likely to get stopped out at virtually any reasonable stop level.

a bit of a late comment, but i moved my stop up to 27.50 awhile ago.

not sure if it's strong or not, right now just very neutral. would've been nice to have sold calls and puts for a no touch option income play.

[MrMiyagi]

[fehro]

getting closer to the top of the triangle... 60m SPX resistance? or breakout upwards?