03/22/2013 Live Update

[jarbo456]

2nd half of ISIS stopped out at a 2.74% loss. Too bad.

[KeiZai]

GM DAX

[TumblingDice]

Sorry I can't post charts as I am currently at work but I'm also stalking LNKD for a trade. First off it has an EPS of about 900, it has made a shooting star on the weekly candle last week, it has been making divergences on the daily timeframe, and finally its at the top of its "long term" channel going back a year or so.

The setup is taking a short if it closes in on the highs, with a stop right above it. Waiting for 182.

[Out of Bounds]

Bulls be thumin', yo.

[stlwater]

Looks like an island reversal on GLD. Will watch it today. Opportunity to short for a couple of days at least. This island reversal has played out at least a couple of time on GLD on its way down. Not sure it will work so close to support but have to try it.

Not sure the pattern fits since yesterday's range overlaps with Tuesday's range. Either way, for GLD especially island reversals can't be too reliable since gold is traded 24 hours a day with volume. My guess on why it worked previously was that it going with the trend and a there was a shooting star pattern on the futures. Also if GLD can hold the 50 on the daily RSI it might want to tag 70 as it hasn't been there in a few months.

I concur

[L_T]

Paging Al re: relative strength. smallies IWM are weakest this morning right? Thanks.

322rel str.png

Great thanks.

[TumblingDice]

Paging Al re: relative strength. smallies IWM are weakest this morning right? Thanks.

322rel str.png

One of the prerequisites for a market top: relative weakness in financials.

[L_T]

SPY right now:

[toddymc]

Picked of SPY calls on the close yesterday, getting close to my target. quick 25% profit

[TradingJackal]

Looks like an island reversal on GLD. Will watch it today. Opportunity to short for a couple of days at least. This island reversal has played out at least a couple of time on GLD on its way down. Not sure it will work so close to support but have to try it.

Not sure the pattern fits since yesterday's range overlaps with Tuesday's range. Either way, for GLD especially island reversals can't be too reliable since gold is traded 24 hours a day with volume. My guess on why it worked previously was that it going with the trend and a there was a shooting star pattern on the futures. Also if GLD can hold the 50 on the daily RSI it might want to tag 70 as it hasn't been there in a few months.

I concur

Daily stochastic is in the overbought and ready to curl down. I bought some puts for a very short term position.

[Out of Bounds]

I think the bulls might just punch through Cobra's top line. If not, they sure did try.

[Out of Bounds]

PBAR 154.25 - just now

must have been a fat finger for 155.25

[TraderGirl]

Check out this p-bar on SPXU...

[TraderGirl]

SPY still bouncing on these channels...resistance at this upper channel...

[gappy]

At .50, 5 day fib.

spy.png

http://www.youtube.com/watch?v=mEUOiiVxsGc

[BullBear52x]

/ES resistance and my sell set up, wait for the red candle for 5-10 handle meal, works 3 times in the roll so far.

[Out of Bounds]

Lots of robots trading here today. Swings are impressive.

[Cobra]

testing yesterday's high indeed, looking good so far.

[SigmaEcho]

testing yesterday's high indeed, looking good so far.

see pbar down to 154.24

[BullBear52x]

my future target after gap filled.