04/02/2012 Live Update

[TraderGirl]

DJI seems to be the leader. Hitting resistance here...

[Cobra]

100% Measured Move target for AAPL: http://stockcharts.com/public/1684859/c ... /260183775;

[uempel]

I'm reducing longs here, adding shorts - but note this is very short term play and I might be 100% wrong: don't copy unless it makes sense to you

[Cobra]

bears don't fight until at least the trend line is broken and revisited.

[Cobra]

above overnight high now but it's not a confirmed breakout yet. My feeling would be like this down, up, then down, this is just a rebound, not something to new high.

[uempel]

Let's see what happens now:

[noob]

above overnight high now but it's not a confirmed breakout yet. My feeling would be like this down, up, then down, this is just a rebound, not something to new high.

Cobra, I see XLF breaking out of its diamond pattern, which is quite bullish for the market.

[Cobra]

ES update, still on the way to test the overnight high.

Cobra what is the point spread between ES and SPX ??

Now ES is at 1413.75, SPX is at 1418.41. so about 5 points.

[Cobra]

volume surge, guess we finally will see some rest here, then probably more up. this is the 1st trading day of Apr, assume very bullish.

[Buckethead]

BTFD until April 16

[tomsky]

I'm reducing longs here, adding shorts - but note this is very short term play and I might be 100% wrong: don't copy unless it makes sense to you

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I've bet all my money you are wrong But we're watching different time frames.
Untill mid to end of april we're not going to see a meaningful rebound, after that will be a different story (i'm expecting a month of sideways or down trend). Until then i'm going to stay long.
Bradley turn date on 3/16 worked and didn't So far it was just a pause in the longer up trend. Maybe on 4/11 will be something else. We'll see.

[Cobra]

new high on SPY. guess nowadays nothing bearish worked in the past works anymore, it's another failure on SPX down 3 days with no lower close ahead.

[BullBear52x]

failed selling on the bears side see my orange dot, and this morning a bull fight back turn out to be a success, well, that said it is what it is. so long 140.75 held the bears can only counter trend. good chance this morning but power that be said not today.

[Cobra]

target met. the funny thing is SPY leads the charge, not other usual leaders.

[BullBear52x]

for the TVIX, well, I will hold on so long the TVIX:VXX didn't gave up on me. I am in the water 48 pennies on this bad boy this time. well, can not win all of the time can't I? but the big lady is not singing yet on this one.

[BullBear52x]

for some of us that fall in love with UNG, some times you have to let it go, I will yep once it's a buy in my book again but not this time.

[h2oskier]

RBC Chief Economist says QE3 in June. Op Twist concludes in June.

can we just get these energy idiots to say, "all buses now to use natural gas..."
wait.. sorry forgot.. America doesnt use buses... everyone issued one of these right?

Richarab, please, we don't drive cars, they are too efficient. We drive trucks!

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[jarbo456]

for some of us that fall in love with UNG, some times you have to let it go, I will yep once it's a buy in my book again but not this time.

i have to agree. falling knife is never easy to catch. the $1 handle in NG futures seems very likely.

[Cobra]

very small pullback, not sure if pullback is over now but the bias is up anyway.

[BullBear52x]

anyone got the feeling like me? this is it for day traders. flat for the rest of the day from here?