05/01/2013 Live Update

[Denali92]

I have only found one FED day since 2009 that looks like today (so far) it was August 2010 - where we opened down and continued down until about an hour before the meeting and then we bounced and actually formed a bit of a Doji on the day - but we then gapped down the next day and formed a short term bottom on the Thursday / Monday after Fed day.... It was different times and a different market structure - but it is the only one I can find. It was a MAJOR TOP (down 50 pts) as we had peaked the previous day....

Obviously, things can change with a huge bounce.... but for now that is the only Fed day I can find with remotely similar price action.

-D

[frankthetank]

Margin debt hitting records. Thank you fed reserve for rigging this leveraged market. Will it have a bad outcome?
http://advisorperspectives.com/dshort/g ... Update.php

[Cobra]

looks like again the dip was bought. the rest of the day pattern would be like this.

[Hubon]

[Out of Bounds]

looks like again the dip was bought. the rest of the day pattern would be like this.

Snogginhosh says 'do not short this runup". I like your arrows.

[BullBear52x]

lots of resistance intraday now, way oversold, need to relief the os pressure.

[johnnywa]

looks like again the dip was bought. the rest of the day pattern would be like this.

Any concern here that rut still down 12 points

[essessme]

backtest?

[knock]

no post in 15min? :-O

[BullBear52x]

FAS slip below 5 dma with bearish macd, not good.

[BullBear52x]

IWM, but of course

[L_T]

SPY: price between fib levels and 50 EMA (orange) and 20 EMA (red).

[Apple]

Anybody else seeing problems again with TDA?

YES, Called had to clean out Caush and reboot fixed problem

Thanks. Didn't work for me...tech support said they are aware and are working on the problem. Probably related to the fixes to fixes

[Out of Bounds]

Anybody else seeing problems again with TDA?

YES, Called had to clean out Caush and reboot fixed problem

Thanks. Didn't work for me...tech support said they are aware and are working on the problem. Probably related to the fixes to fixes

I found that when the login screen comes up if you hit 'configure' and increase the memory settings, I have fewer problems.

[L_T]

Anyone else see head and shoulders breakdown here (I'm not a pro H+S spotter)? This is UUP weekly.

[KENA]

chart by stocktimeing

Yes this mkt keeps going up but note the up movement of strong stocks is still resisting the up move..The Dorsey Wright P & F BPNYSE are still in "O"..But we just have to wait and see.

[stlwater]

Anyone else see head and shoulders breakdown here (I'm not a pro H+S spotter)? This is UUP weekly.

Look at EUR/USD they're all over the place. Take your pick.

[wayne0708]

More Down!!!

[Cobra]

potential higher low, so goes as planed.

[johnnywa]

Yikes RUT down 15,does it pull rest of market down?? Sidelines