03/15/2013 Live Update

[L_T]

Weekly chart of XLF....

There was a top nearby with this cycle....

Do you have any astrological stuff to help us out with? The chick on the radio station I listen to was going on about the moon being in Taurus or something and that being good for making decisions. I still don't know if I buy into all that stuff. Didn't they decide a few years ago that Pluto isn't even a planet anymore?

I laughed so hard the cat ran out of the room.

I hope she doesn't take offense I was legitimately asking for both astrological trading input and how you can reconcile losing a planet......

[Unique]

AAPL almost at target region...stay nimble

[fehro]

Long Long term SPX seems like 1600 is in the cards... trend lines act like magnets at times.

[Al_Dente]

BANKS
We talked about BPFINA on last night’s board
Similar thing here using the Cobra trick: PPO 1/200/1 (top panel)
I had to go back to Q1, 2010 to find it more extreme (not on this chart). Back then it was >17, also >17 in 2009.
Here, a sell signal is not triggered until it falls back down BELOW the red signal line

[Out of Bounds]

Weekly chart of XLF....

There was a top nearby with this cycle....

Do you have any astrological stuff to help us out with? The chick on the radio station I listen to was going on about the moon being in Taurus or something and that being good for making decisions. I still don't know if I buy into all that stuff. Didn't they decide a few years ago that Pluto isn't even a planet anymore?

I laughed so hard the cat ran out of the room.

I hope she doesn't take offense I was legitimately asking for both astrological trading input and how you can reconcile losing a planet......

No, I don't think you were being flippant or dismissive, but it was funny in my mind as I read it.

[heavenskrow]

SPY buy the dips is too powerful baby Amazing things bulls

Unique what do you think of AAPL right here? I've sold my AAPL calls today at 441.9 on the gap fill . I'm leaning bearish short term but since your blog is mainly Apple, im curious on ur thoughts.

[stlwater]

LMAO STZ stop hunters nailed a few... Here we go.

Are you in? Wonder if the breakout will stick or pull back again.

Yeah, I'm in.

[Out of Bounds]

Bouncing around sticky line (20EMA 5minute) Lower break should begin a fade but it's hard to break that line. It's always strong.

[Al_Dente]

Thank you TraderGirl and Xian
Appreciate very much

[TraderGirl]

Thank you TraderGirl and Xian
Appreciate very much

You welcome

[Out of Bounds]

[Cobra]

NORMALLY, this pullback would be bought. lunch time, will be back.

[stlwater]

LMAO STZ stop hunters nailed a few... Here we go.

Are you in? Wonder if the breakout will stick or pull back again.

Yeah, I'm in.

Anyone else in FSL? Get out and push!

[johnnywa]

SSO charts say down,spy say more up

[Unique]

SPY buy the dips is too powerful baby Amazing things bulls

Unique what do you think of AAPL right here? I've sold my AAPL calls today at 441.9 on the gap fill . I'm leaning bearish short term but since your blog is mainly Apple, im curious on ur thoughts.

I am still intermediate term bearish, but short-term bulls are proving something to us today. I don't have any new positions for AAPL intraday, waiting for Monday for more clarity.

What we know now, we are above the downtrend line that started from the 705 highs. Which means, the next 3 consecutive closes (including today's) will determine whether this was a True Breakout or not.

Until then I am still bearish on intermediate term, and short-term bullish for the 444-445 target region intraday.

Hope this helps

[jungle trunks]

Long Long term SPX seems like 1600 is in the cards... trend lines act like magnets at times.

Thanks for posting that. Tom Bulkowski has a 1600 target. I was trying to figure out how he arrived at that target, and just didn't look far enough back on the chart. Now I know where he got it!

[heavenskrow]

SPY buy the dips is too powerful baby Amazing things bulls

Unique what do you think of AAPL right here? I've sold my AAPL calls today at 441.9 on the gap fill . I'm leaning bearish short term but since your blog is mainly Apple, im curious on ur thoughts.

I am still intermediate term bearish, but short-term bulls are proving something to us today. I don't have any new positions for AAPL intraday, waiting for Monday for more clarity.

What we know now, we are above the downtrend line that started from the 705 highs. Which means, the next 3 consecutive closes (including today's) will determine whether this was a True Breakout or not.

Until then I am still bearish on intermediate term, and short-term bullish for the 444-445 target region intraday.

Hope this helps

Thanks Unique! I will be following your blog more closely as I try to trade Apple.

One thing I'm a little puzzled on is that on my chart I use log and it seems as if we are still under resistance.
But then again like you said, downtrend was broken from 700 highs similar to springheel jack's chart.
http://content.screencast.com/users/spr ... 0Wedge.png

[jungle trunks]

Although would you really consider 1600 to be a "long long term" possibility, that's just 40 points. Tom has first week in April down as a 1600 target.

[fehro]

SPX 5m... got a little unfilled gap from this am

[Unique]

SPY buy the dips is too powerful baby Amazing things bulls

Unique what do you think of AAPL right here? I've sold my AAPL calls today at 441.9 on the gap fill . I'm leaning bearish short term but since your blog is mainly Apple, im curious on ur thoughts.

I am still intermediate term bearish, but short-term bulls are proving something to us today. I don't have any new positions for AAPL intraday, waiting for Monday for more clarity.

What we know now, we are above the downtrend line that started from the 705 highs. Which means, the next 3 consecutive closes (including today's) will determine whether this was a True Breakout or not.

Until then I am still bearish on intermediate term, and short-term bullish for the 444-445 target region intraday.

Hope this helps

Thanks Unique! I will be following your blog more closely as I try to trade Apple.

One thing I'm a little puzzled on is that on my chart I use log and it seems as if we are still under resistance.
But then again like you said, downtrend was broken from 700 highs similar to springheel jack's chart.
http://content.screencast.com/users/spr ... 0Wedge.png

Just so you know, March 18th we're gonna get Mini Options for AAPL along with SPY and others too.

Mini options reps 10 shares I believe