01/10/2013 Live Update

[BullBear52x]

If you are bored I wrote up something for newbee at my corner.

[rc1269]

AAPL “…is working on a lower-end iPhone… a big shift in corporate strategy as its supremacy in smartphones has slipped”
“In the 2012 third quarter, Apple held only 14.6% of worldwide smartphone shipments, down from a peak of 23% in the fourth quarter of 2011 and the first quarter of 2012, according to IDC. Samsung Electronics Co.'s share, meanwhile, rose from 8.8% to 31.3% from the third quarter of 2010 to the third quarter of 2012.”
“While the iPhone remains the top-selling smartphone in the U.S., Apple's share of the high-end cellphone market has taken a hit in China and remains low in other emerging markets”
http://professional.wsj.com/article/SB1 ... TopStories

testing little triple bottom at 515
(this time on pos diverg?)

110aapl30.png

i thought there was no such thing as a triple bottom (or top)...?

[uempel]

Cobra, what do you think about DAX?

Cannot see chart until tonight, so no comments here.

DAX closed precisely on the MA 9. Rola, if you trade DAX check out the BB13/1, BB20/2 and MA 9 on the daily, works pretty well. Bounced on the center line of BB13/1 (which of course is MA 13) yesterday and today

The attachment 57.png is no longer available

12:30 p.m. DAX futures are not back up at 7715 - if they stay this high into tomorrow's opening we might consider (?) the dip below the 7715 pivot a bear trap

[Al_Dente]

Chatter on the net re banks (last night)
Banks led on the upside NOW THEY ARE WEAK due to BAC downgrade bla bla bla
Note banks relative strength flipped back to green today…

[Unique]

Bman69, the UAL puts are at +86%

viewtopic.php?f=2&t=790&p=112764&hilit=ual#p112764

Need 0.58 for a double

[Al_Dente]

[SAVE FOR LATER]

Today feels just like it did in 2000…
“Why I am going on about how much income was pushed into 2012 to avoid higher taxes, is that when comparative corporate cash flow begins to weaken sometime this current quarter, corporate buybacks will stop and likely turn into net corporate selling. Will the float shrink of the past two and a half years stop? I say it has to since final demand will slump from very modest growth to an actual decline.”

[Worth reading, as TrimTabs is THE highly respected source for funds-flow data]

http://seekingalpha.com/article/1101701 ... view&ifp=0

[Bman69]

Hey Unique, good job, glad it worked. I'm holding short still on the UAL!

[gappy]

cam lee.png

http://humblestudentofthemarkets.blogsp ... lmine.html

[uempel]

I've got a signal on the 60 min for tomorrow afternoon or Monday morning. I don't know what today's move means, perhaps weakness in preperation of a breakout to the upside? Weakness to stimulate the bears to increase positions so that there's more bullish firepower tomorrow? Whatever, I'm still in the bullish camp.

55.png

Harapa, what makes me think that today's weakness ain't significant are the signals I have on daily/weekly/BP charts: they all suggest that there might be a biggish move in approx 2 weeks, e.g. this daily SPX chart. It is not (yet) drawn precisely, but there is no indication of a strong move at the moment, strong meaning > 2 or 3 percentage points.

56.png

Uempel,

Would the move be up or Down 2% to 3%?

No idea... But I think you're asking the wrong question I'm suggesting that whatever happens now is not very significant, I'm waiting for that next move later in January. But pls note that I'm cash at the moment with only a wee bit of exposure to the upside. Be very careful if you are short. This market is a bull. Doesn't mean the market will shoot to the sky, but it's very tricky territory for the bears.

[Out of Bounds]

another push up coming?

[KeiZai]

Hey Clark are you alright dude? I have not seen you here for some time, hope all is well with u...I miss your charts...what do u think about sugar buddy, one more low then bye bye?

[HenryR]

Anyone here has historical stats on the shortest, longest, avg, about when /es will cover that gap up?

[Out of Bounds]

That was the spurt I was looking for. Now I wonder if it will fall back.
(trading small positions here)

[Cobra]

volume surge, biggest bar, so might see pullback here first but guess bears are over for today.

[BullBear52x]

Hey Clark are you alright dude? I have not seen you here for some time, hope all is well with u...I miss your charts...what do u think about sugar buddy, one more low then bye bye?

He posted something last week, I hope he is fine.
here is SOYB and DBA

[uempel]

http://blog.wavetrack.com/sp-500-13/ - for the description

Scout, are you aware that medium term mometum is pointing to the upside, that short term mom is turning up too? Markets can dip any time, but I don't yet see a signal. Your forecasts are quite bold

[MrMiyagi]

[Mr. BachNut]

Euro up almost 1.5% today.
Climactic Exhaustion move or initiation?
Me thinks the former but time will tell.
$ could be in serious trouble if not.

[KENA]

Sure looks like another shake and bake day..WE have had to many of them lately..Time for a change either up or dn..So we wait and see.

[KeiZai]

Hey Clark are you alright dude? I have not seen you here for some time, hope all is well with u...I miss your charts...what do u think about sugar buddy, one more low then bye bye?

He posted something last week, I hope he is fine.
here is SOYB and DBA

Thanks BB, soy is not looking pretty well