01/04/2013 Live Update

[rc1269]

NEW YORK, Jan 4 (Reuters) - Investors poured $5.06 billion into stock funds worldwide in the latest week, as the appetite for risk rose after U.S. lawmakers cobbled together a last-minute tax deal that avoided the worst of the so-called fiscal cliff, data from EPFR Global showed on Friday.

Funds that hold emerging market stocks attracted $3.37 billion of the net $5.06 billion taken in by all stock funds in the week ended Jan. 2, the fund-tracking firm said. Funds that hold U.S. stocks, by comparison, attracted $706 million.

$700mm that's all? who did all the other 10s of billions of buying to account for the market cap increase during that time...?

[Cobra]

not a valid breakout yet but no harm to know the target first.

[TraderJoe]

Traderjoe, P still stuck at 10. GLD and SLV looking tempting

I sure wish you were here to watch this, I got back in 9.70, it's now up to 10.40 and still going

[Nage]

gold looks promising here if it can hold until close. volume surge is a sure thing now.
https://stockcharts.com/public/1684859/ ... /124844123;

if both GLD and SLV can go a bit lower, I will get in for the long run.
both have gaps down a bit here. GLD at 157, SLV 28

[BullBear52x]

Yeap it's slow day lets share some thought, here's AAPL today LOD is the last buy the dip for da bulls short term swing set up, because of bearish crossed next rip will be sold.

1.JPG

Daily, who in their right mind will hold onto this well actually the B% here is at last stand also, weak but not out.

2.JPG

Agree, potential wedge is forming there so later will likely bounce bigger but imo this bounce will be sold as well, but if gets to 470 I think I will buy it for swing

APPL.png

470 I think it will be a gift to many long term bulls for 2013, mid Jan to end of Jan normally the end of small cap run up. big cap will be next if economy is sounded.

[Cobra]

resistances.

[skittlesmds]

gold looks promising here if it can hold until close. volume surge is a sure thing now.
https://stockcharts.com/public/1684859/ ... /124844123;

Cobra,

What do you think of the inverse head and shoulders pattern on Gold?

[user13]

resistances.

Three push up possible?

[BullBear52x]

it will really surprise me if GLD and SLV double bottom here.

[Cobra]

not far away from the target, so no bother to provide the fib measure here.

[KeiZai]

Yeap it's slow day lets share some thought, here's AAPL today LOD is the last buy the dip for da bulls short term swing set up, because of bearish crossed next rip will be sold.

1.JPG

Daily, who in their right mind will hold onto this well actually the B% here is at last stand also, weak but not out.

2.JPG

Agree, potential wedge is forming there so later will likely bounce bigger but imo this bounce will be sold as well, but if gets to 470 I think I will buy it for swing

APPL.png

470 I think it will be a gift to many long term bulls for 2013, mid Jan to end of Jan normally the end of small cap run up. big cap will be next if economy is sounded.

Yeah, that´s right...4 hundred would be even better for me but I hope 470 is possible before bounce SPX needs to correct itself before another leg higher so wait and see mode

[Out of Bounds]

Hmmmm, did not expect that latest upturn - it will be interesting to see if it is confirmed Monday morning or if it disappears.

Still not trading today but I'm peaking every once in a while.

[dawgg]

not far away from the target, so no bother to provide the fib measure here.

Cobra, does that mean the "evil plan" from Wed is still in place? Do the probabilities still suggest a correction within 7 calendar days?

[MrMiyagi]

TRIN is just at 0.94, barely Bullish.

[Cobra]

still think dollar would pullback, the black bar today shall add the possibility.
https://stockcharts.com/public/1684859/ ... /276865556;

[Cobra]

not far away from the target, so no bother to provide the fib measure here.

Cobra, does that mean the "evil plan" from Wed is still in place? Do the probabilities still suggest a correction within 7 calendar days?

Please do not ask such a question here. You can comment at members only update area.

I didn't say correction withing 7 calendar days, by the way. The statistics you remember is wrong.

[BullBear52x]

This the counter trend rip I am waiting for, money back guaranteed in 3 days.

[TraderGirl]

Ok, going to break out "the chart"...every time the VIX has hit this trendline support since 2007, there has been a top of some kind...with one exception in sept 2012, where we saw a double bottom in the VIX that allowed one leg higher...

I'm seeing lower prices into February...just wondering when the top will happen...seeing lot's of neg d and next week starts off negative...seeing a potential turn on Monday...

[Cobra]

more than the target.

[fehro]

trend line. possible divergence forming on this move up