05/03/2013 Live Update

[BullBear52x]

/es rsi on hourly is 91+ hehe 9 more point to max out at 100. what to do?

[uempel]

Just me or is it odd the Swiss Franc is up nicely today with such bullishness? FXF +0.30%

Looks like big Swiss money flowing into the € zone - swissie weakening versus €. The strength of swissie versus $ is likely a side show (me guessing )

[BullBear52x]

I would thought that the MM will let the market sell off to suck in the bear to think like reversal day and then ramp up at end of day. that way I will get two good round trip for Friday.

[EvilTrader]

I would thought that the MM will let the market sell off to suck in the bear to think like reversal day and then ramp up at end of day. that way I will get two good round trip for Friday.

yeah.

NFP day we either dip then ramp or the otherway.

>90% are reversal days, i guess.

[johnnywa]

$SPX: Potential count off April 18 low (wave 9 off the November lows)

Sigh i give up on your counts,not your fault but does T.A. work anymore

[BullBear52x]

I would thought that the MM will let the market sell off to suck in the bear to think like reversal day and then ramp up at end of day. that way I will get two good round trip for Friday.

yeah.

NFP day we either dip then ramp or the otherway.

>90% are reversal days, i guess.

90%? well intraday I got a good start let it be big either ways.

[Junior Buffett]

VIX is surprisingly holding well today, with this huge move up it hardly moved! do you think this is a hint that market is very very close to top?

[Cobra]

double top and target.

[rocket]

Intraday NYMO, anybody? Thnx.

[L_T]

double top and target.

Gotta switch to 1 min time frame to find hope for bears?

[toddymc]

Glad I held these calls overnight, kind of a crapshoot though.. but 100% profit!
ready to exit now....

[Kato]

I'd feel better about this breakout if GE could confirm (still 5% below its highs)

[BullBear52x]

just eyeballs these charts, self explain what to buy and what to sell eh?

[jarbo456]

I'd feel better about this breakout if GE could confirm (still 5% below its highs)

Screen Shot 2013-05-03 at 11.55.16 AM.png

nice chart.

[jarbo456]

VIX is surprisingly holding well today, with this huge move up it hardly moved! do you think this is a hint that market is very very close to top?

VIX has been somewhat muted over the past week or so. A curiosity that's been seen in a lot of the vol ETP's, but there are so many factors involved in trading vol that I don't take correlations or lack there of between VIX and the broader equity markets on its own. It's something to pay attention to, but I'm definitely wary using it independently.

[JFR]

SPX 10 year ...

And now what? Seems like lots of wealth out there available for investing. Price Earnings getting up there.

More up to come?

[Mr. BachNut]

Intraday NYMO, anybody? Thnx.

At the moment overbought but not wildly so.

[Cobra]

H2 long on first touch EMA20. let's see. not sure.

[JFR]

Gaps always fill? Not this week.

[MrMiyagi]

Intraday NYMO, anybody? Thnx.

Around +48