12/13/2012 Live Update

[skittlesmds]

NYAD saying that at present levels NYMO should be below the BBand at EOD which would set up a bounce.

Present levels or slightly higher.

Indeed. Good point.
Looks like NYMO could be back to just about the zero line already. Hmmm....

not convincing, but hourly is over sold now. so...Hmmmmm or waiting.....

Harvested some shorts for profit.
Holding runners.
Guessing there is a slug of stops below today's low.
So, gonna take a crack at 'em but I don't think it happens today.

Mr. BachNut,
The following is a guess and I'm not a psychic: Tomorrow I'm looking for continued downside in the morning to trigger stops and then a V shape rebound during the middle / end of day.

This is strictly a guess based on absolutely no evidence.

[KeiZai]

tomorrow bounce supported by apple?

aapl.png

KeiZai,
Do you think that sometime soon (the next couple of months) Apple will close the gap on the daily around $425?

I am not a big fan of apple stock to be honest so take it with a grain of salt , imo 465 is very possible within medium term, 425 not yet but once (in 2013?) will go at least to 390

[toddymc]

This is what my chart looks like in terms of the pullback...just don't know what leg we are on...a considerable bounce tomorrow will let us know that the end of the pullback may not be far from here....

My guess is we turn tomorrow for a pre-Santa rally ..maybe up to 1450 area--
Vix is approaching near term resistance

[TraderGirl]

tomorrow bounce supported by apple?

aapl.png

KeiZai,
Do you think that sometime soon (the next couple of months) Apple will close the gap on the daily around $425?

I am not a big fan of apple stock to be honest so take it with a grain of salt , imo 465 is very possible within medium term, 425 not yet but once (in 2013?) will go at least to 390

If we get this lower low....I think lower than 390 is possible...

[gappy]

Decided to sell DUST for 7.25% from late yesterday. Just too good not to lock in. I was due that one
Might look at buying back tomorrow or next week

PM's trading with the index now, the inflation hype is tired.

[TraderGirl]

This is what my chart looks like in terms of the pullback...just don't know what leg we are on...a considerable bounce tomorrow will let us know that the end of the pullback may not be far from here....

My guess is we turn tomorrow for a pre-Santa rally ..maybe up to 1450 area--
Vix is approaching near term resistance

VIX Chart target.jpg

I would think that if we get a higher high tomorrow, then we would be down into Christmas....

[Cobra]

revisit the day low, key time. I'm neutral here.

[skittlesmds]

tomorrow bounce supported by apple?

aapl.png

KeiZai,
Do you think that sometime soon (the next couple of months) Apple will close the gap on the daily around $425?

I am not a big fan of apple stock to be honest so take it with a grain of salt , imo 465 is very possible within medium term, 425 not yet but once (in 2013?) will go at least to 390

If we get this lower low....I think lower than 390 is possible...

Thanks to KeiZai and TraderGirl. The last trade that I made on Apple was 5 shares bought at $522 and sold at $585. I'm not a big Apple trader either but I know the effect that it has on the Nasdaq and sentiment.

[Darkmatter]

You think we will get a 35 point move higher tomorrow? Oh, wait, I don't think you mean all tomorrow.

This is what my chart looks like in terms of the pullback...just don't know what leg we are on...a considerable bounce tomorrow will let us know that the end of the pullback may not be far from here....

My guess is we turn tomorrow for a pre-Santa rally ..maybe up to 1450 area--
Vix is approaching near term resistance

VIX Chart target.jpg

[ClarkW]

TG, Just a follow up on your ERY. See what happen last time SLO Stoch (144,1)moved above 20 (green circle) small intraday break of couple hours before heading higher. Will monitor. Holding onto ERY for now.
As always not trading advice

Clark...I chose ERY because Energy has been underperforming, so it seemed low risk to go short....but looking at SCO...I am feeling that on the next rally energy or oil may have some nice performance...your thoughts? Your charts are more fancy shmancy than mine....
Edit: SCO is looking negative...btw..

100% PURE SPECULATION on my part, and I don't know your timeframe, but XLE looks like it has one more push down on daily and weekly, MAYBE bottoming at the triangle before heading higher. With Global QE to infinity and beyond I don't see how energy doesn't do well in the long term. Just my .02 and again, very speculative.
Would love your take on XLE. Trust your judgment more than mine.

[KeiZai]

tomorrow bounce supported by apple?

aapl.png

KeiZai,
Do you think that sometime soon (the next couple of months) Apple will close the gap on the daily around $425?

I am not a big fan of apple stock to be honest so take it with a grain of salt , imo 465 is very possible within medium term, 425 not yet but once (in 2013?) will go at least to 390

If we get this lower low....I think lower than 390 is possible...

[TraderGirl]

Dow...13138-13140 support?

[victorm]

Dow, another support around 13140...

Here's a Sid's count on Dow...., what do you think TG? Thanks

[essessme]

cumulative tick waterfall update

[toddymc]

You think we will get a 35 point move higher tomorrow?

My guess is we turn tomorrow for a pre-Santa rally ..maybe up to 1450 area--
Vix is approaching near term resistance

The attachment VIX Chart target.jpg is no longer available

No-- I said we should TURN (maybe) sometime tomorrow in preparation for a rally SPY chart for comparison

[KeiZai]

Hard to buy into this my indicators are not very bull friendly at this point only oversold indi agree but who knows

[KeiZai]

Hard to buy into this my indicators are not very bull friendly at this point only oversold indi agree but who knows

but will try it DAX bouncie wedge ?

[skittlesmds]

If we get down to 1405-1408 ES overnight, I will probably cover my short since I have been holding it too long and then wait and see what the market does from there.

[toddymc]

Hard to buy into this my indicators are not very bull friendly at this point only oversold indi agree but who knows

I agree it still looks like a big fat Bear Flag anyway but the upper channel line comes in at 1450ish
I wouldn't be surprised....

[Out of Bounds]

Hourly