06/16/2012 Weekend Update

[KeiZai]

first exit polls:

SYRIZA 28, ND 27.5, PASOK 13, Dem Left 7.5, Ind Greeks 7.5, GD 5.5, KKE 5.5 Skai TV opinion poll, not exit poll

Megatv poll: ND 27.5-30.5 Syriza 27.30 Pasok 10-12 IndGreeks 6-7.5

First exit poll by Star Channel: ND 27-30, SYRIZA 26-29, PASOK 10-12, Ind Greeks 6-8, Golden Dawn 6-8, Dem Left 6-7, KKE 5-6

Live counting etc (lucky that I can recognize at least numbers) : http://www.skai.gr/player/tvlive/

[BullBear52x]

Paging BullBear. Here are some IWM charts which summarize my view. I was long and exited my position, prudently, before reaching resistance. Now I am waiting for some new signal + confirmation.

Both daily charts, using distinct tools, suggest very close resistance levels right under 78.

On the 60 min chart, we had an expected visitor yesterday before close: a bearish Gartley Butterfly.

Thanks Cougar, this is awesome.

[BullBear52x]

Thank you for a great TA this weekend, I was remote until now
I can sum it up as this, we got all the good guys behind us not just BATMAN. Happy Father's Day to all the hard working dads out there.

[TWT]

NDX: Potential thrust out of a Triangle wave (B)

[KeiZai]

pre-mkt interbank quotes EURUSD at 1.2532...down 106 from close and down ~150 from HOD FRI

EDIT: 1.2708 after 36%votes counted, ND + 5% ahead of syriza (rumor: pasok will not agree to joining a government if syriza is not in it)

[BullBear52x]

Here's another corner of thing, MO is over bought a turn on Monday will encourage the counter trend hard core, gtg

[BullBear52x]

pre-mkt interbank quotes EURUSD at 1.2532...down 106 from close and down ~150 from HOD FRI

Great charts this weekend KeiZai.

[KeiZai]

pre-mkt interbank quotes EURUSD at 1.2532...down 106 from close and down ~150 from HOD FRI

Great charts this weekend KeiZai.

thx bud!

[TWT]

IWM: A nice IHS project

[swayne99]

Bloomberg is showing the euros cat 1.2712 up from 126.33

[Mr. BachNut]

Two charts.
The Dow chart shows the index at the 50 day MA and just piercing a former support now resistance line. I would not expect the index to trundle along higher without a fight or at least some rest.
The ES chart shows a rising wedge (bearish). It is worth noting as a lot of people are focused on the inverse head and shoulders in the S&P Index (bullish). It may be due to the contract role and not significant, but the future and the underlying have divergent patterns.
As BB noted, MO is on the overbought side also.
I'll be tightening stops tomorrow.

[TWT]

SPX: 2 Potential EWP in order to complete the ZZ off June 4 low:

[Michelle]

Interesting article.

China: The Ultimate Contrarian Sell Signal?

http://www.forexpros.com/analysis/china ... %20-126704

[KeiZai]

Watch the trend line!! We are opening asia session right on it! (79.70) breakout is bullish IMHO

EDIT: no big change in ES hardly 2points but we will see in the morning

[KeiZai]

So far this looks very bullish ladies & gentlemen

Runaway gap + iH&S?

[KeiZai]

Rising wedge on gold confirmed

short-term setup 4 euro

[johnnywa]

For quote "big event Greek Elections" I was for 20 point gap up in SnP ,not to be smallies look very weak

[SWalsh]

Equity Only, buy to open only put call ratio at the highest since 2009, so it's a bullish chart. (courtesy of Schaeffer)

Any reason they only went back to the dead low in 2009?

[ClarkW]

If the market gaps down big tomorrow I don't know if this really provides much value BUT ChiOsc on EEM 60 min is up there. Since Nov it's been above $10m 10 times, 8 of which had a decent pullback follow. Also negative D on RSI

[Petsamo]

If the market gaps down big tomorrow I don't know if this really provides much value BUT ChiOsc on EEM 60 min is up there. Since Nov it's been above $10m 10 times, 8 of which had a decent pullback follow. Also negative D on RSI

Nasdaq 100 futures are +13.75 at 8pm EDT