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07/08/2013 Live Update

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KENA
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Re: 07/08/2013 Live Update

Post by KENA »

Cobra wrote:rebound so far weak, so might resume down somewhere. not sure because this is a bear call.
Could be close.I have a P Bar dn to 163.05....Lets see.
uempel
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Re: 07/08/2013 Live Update

Post by uempel »

Update:
SPX6.png
fehro
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Re: 07/08/2013 Live Update

Post by fehro »

bull trap?... or triangle for the next month? some daily lines musing
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Screen shot 2013-07-08 at 9.54.47 AM.png
uempel
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Re: 07/08/2013 Live Update

Post by uempel »

Me XMan wrote:If Fed taper is coming fairly soon, I wonder if these rampings are setting up for suckers coming in.
CS published this momentum chart today. Note that they are bullish medium and long term, they don't (they never...) give an indication for short term. SPX does not look very bearish and if SPX manages to close above the 1640 level shorting the market is kind of risky...
CS2.png
Zane
Posts: 95
Joined: Mon Apr 08, 2013 1:39 pm

Re: 07/08/2013 Live Update

Post by Zane »

FOMC Meeting Minutes this wednesday
Bernanke speaks

any idea what will this affect the market?
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Me XMan
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Joined: Thu Feb 17, 2011 12:01 pm

Re: 07/08/2013 Live Update

Post by Me XMan »

I'm pretty sure SPX will close 1638 to keep us all guessing. :twisted:
uempel wrote:CS published this momentum chart today. Note that they are bullish medium and long term, they don't (they never...) give an indication for short term. SPX does not look very bearish and if SPX manages to close above the 1640 level shorting the market is kind of risky...
fehro
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Re: 07/08/2013 Live Update

Post by fehro »

pressing the utptrend line.. fwiw.
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Screen shot 2013-07-08 at 10.17.35 AM.png
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Me XMan
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Re: 07/08/2013 Live Update

Post by Me XMan »

It's the QE TAPER. Market wants to know when Helicopter Ben will start tapering the QE.
Zane wrote:FOMC Meeting Minutes this wednesday
Bernanke speaks

any idea what will this affect the market?
uempel
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Re: 07/08/2013 Live Update

Post by uempel »

Last update for today:
SPX8.png
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Cobra
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Re: 07/08/2013 Live Update

Post by Cobra »

range. let's wait for the range breakout first. normally downside breakout should have a little bit higher odds, but this market rarely favors bears, so I'm not sure. wait.
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Daniel-David
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Re: 07/08/2013 Live Update

Post by Daniel-David »

For those tracking the metals, GDX and GDXJ are showing extreme disparity today. Majors are down nearly 1%, juniors (gdxJ) are up 1.5%.

Unless there is a distribution skewing the numbers, this is most unusual. Rule of thumb is that it's more bullish when the junior outperform.
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Cobra
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Re: 07/08/2013 Live Update

Post by Cobra »

breakout, you know the target.
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Mr. T
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Re: 07/08/2013 Live Update

Post by Mr. T »

"We're never going down again!!!"
-T

"Treat Your Mother Right!!!!"
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MrMiyagi
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Post by MrMiyagi »

Mr. T wrote:"We're never going down again!!!"
Even Gold is going up!!!
uempel
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Re: 07/08/2013 Live Update

Post by uempel »

Yery last update :D
SPX9.png
fehro
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Re: 07/08/2013 Live Update

Post by fehro »

getting tight between lines.. a bigger move may be near...
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Screen shot 2013-07-08 at 11.21.52 AM.png
daytradingES
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Re: 07/08/2013 Live Update

Post by daytradingES »

gimme a nice big red bar:-)
Educational only and not trading advice (EO&NTA) :)
Good trading to all
lilitulip
Posts: 71
Joined: Thu Apr 28, 2011 10:37 am

Re: 07/08/2013 Live Update

Post by lilitulip »

GDX drop, but GOLD, SILVER up, not sure who lead? thanks
Daniel-David wrote:For those tracking the metals, GDX and GDXJ are showing extreme disparity today. Majors are down nearly 1%, juniors (gdxJ) are up 1.5%.

Unless there is a distribution skewing the numbers, this is most unusual. Rule of thumb is that it's more bullish when the junior outperform.
Daniel-David
Posts: 363
Joined: Thu May 17, 2012 10:27 am

Re: 07/08/2013 Live Update

Post by Daniel-David »

Market breadth has not eroded much during the session, esp. UpDown volume on NYSE.

Semis are weighing heavily on the tech indexes, along w addl weakness in AAPL.
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Cobra
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Re: 07/08/2013 Live Update

Post by Cobra »

another possible target.
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