12/06/2012 Live Update

[Cobra]

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Gap down within yesterday's range so the gap might be filled.

I don't know what kind of chart pattern is on the Global ES, you can say the revisit high attempt failed overnight but it could be forming a double bottom here on revisiting the overnight low. so let's wait. Kind of look like H&S Top? Well, maybe, not sure.

[SigmaEcho]

GM Cobra, dax keeps blasting ?

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2012/12 ... ay-update/

[Cobra]

GM Cobra, dax keeps blasting ?

From my experiences, travel that long then break the resistance usually is not real. Well, I might be wrong this time, so no argue here, this baby is strong.

[Claudio.dicorato]

Ftsemib italy crash today

[KeiZai]

Ftsemib italy crash today

Yep H&S top or Monti rumor

I am looking to enter at neckline (looks like AB is done now C wave up to neckline ? backtest ?)

[KeiZai]

Possible ES what I am hoping for today (inverse H&S trap?)

[Cobra]

the open.

[Petsamo]

L_T, you shoulda told me they were slamming FCX yesterday. It probably would've been too risky going long on it anyway.

I wonder if GDX would do a white candlestick today

[Claudio.dicorato]

Thanks

[Petsamo]

Anybody have a good buy point on FCX for a bounce ?

One of the guys I follow said AAPL is a busted stock

[KeiZai]

Thanks

uw

[gappy]

L_T, you shoulda told me they were slamming FCX yesterday. It probably would've been too risky going long on it anyway.

I wonder if GDX would do a white candlestick today

Just dreaming.

gdx.gif

[ClarkW]

Anybody have a good buy point on FCX for a bounce ?

One of the guys I follow said AAPL is a busted stock

Here's a FCX chart from http://blog.kimblechartingsolutions.com/

[skittlesmds]

I'm short this morning.

[Petsamo]

L_T, you shoulda told me they were slamming FCX yesterday. It probably would've been too risky going long on it anyway.

I wonder if GDX would do a white candlestick today

Just dreaming.

gdx.gif

My eyes aren't that good

[TraderJoe]

GALLUP: The Unemployment Rate Surged In November
One day ahead of the jobs report, Gallup comes out with a negative preview of its own.

WASHINGTON, D.C. -- U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.8% for the month of November, up significantly from 7.0% for October. Gallup's seasonally adjusted unemployment rate is 8.3%, nearly a one-point increase over October's rate.
These results are based on Gallup Daily tracking interviews, conducted by landline and cell phone, with approximately 30,000 Americans throughout the month -- 67.2% of whom are active in the workforce. Gallup calculates a seasonally adjusted unemployment rate by applying the adjustment factor the government used for the same month in the previous year. Last year, the government adjusted the November rate upward by 0.5 percentage points.
It is unclear what caused the increase in the unemployment rate in November, although some experts speculate that it was caused by jobs lost as a result of superstorm Sandy. It is also possible that lackluster holiday hiring is to blame.
Although the increase in the unadjusted rate in November is a sharp contrast to the 0.9-point decline seen in October, November's 7.8% rate is still tied for the second-best unadjusted unemployment monthly reading of 2012. However, on an adjusted basis, November's rate is the highest reading in six months. Looking at year-to-year comparisons, seasonally adjusted unemployment is down from 8.9% in November 2011.


Read more: http://www.businessinsider.com/gallup-t ... z2EHbvhdM8

[toddymc]

Possible ES what I am hoping for today (inverse H&S trap?)

Kinda don't see that because of AAPL dropping like a rock--
last time this happened was around Nov.16 lows FWIW:
SPY/AAPL ratio

[Petsamo]

Anybody have a good buy point on FCX for a bounce ?

One of the guys I follow said AAPL is a busted stock

Here's a FCX chart from http://blog.kimblechartingsolutions.com/

I guess it busted support

[gappy]

gdx_.png

L_T, you shoulda told me they were slamming FCX yesterday. It probably would've been too risky going long on it anyway.

I wonder if GDX would do a white candlestick today

Just dreaming.

gdx.gif

My eyes aren't that good