06/22/2012 Live Update

[TraderJoe]

GM all, if your use Firefox browser, here is how you can set it up to auto-refresh.
Click on your ‘tools’ button at top, then click add-ons in the drop bar. Type auto refresher in the search and then install it. It works great.

After installed, right click your mouse and set it as you wish.

[cougar]

AAPL is still in limbo. A strong 2x MA support held yesterday .
Latest butterfly was neither validated nor negated.
No longer swing positions here…only scalping for day-traders…not for me.

Leaving this blog for today...GLTA!

[louie]

@taggard. re: your 0:23 post. Had to copy, paste and print that one. Still reading over and over, contemplating, relating to my real life situations. BEST POST I'VE SEEN IN A LONG TIME! Thank you for that.

[soku]

market internals not bad. interestingly, the leading section, which is also the only positive one is financial. go figure

[Petsamo]

GM all, if your use Firefox browser, here is how you can set it up to auto-refresh.
Click on your ‘tools’ button at top, then click add-ons in the drop bar. Type auto refresher in the search and then install it. It works great.

After installed, right click your mouse and set it as you wish.

Auto Refresh 1.0.2 ?

[TraderJoe]

GM all, if your use Firefox browser, here is how you can set it up to auto-refresh.
Click on your ‘tools’ button at top, then click add-ons in the drop bar. Type auto refresher in the search and then install it. It works great.

After installed, right click your mouse and set it as you wish.

Auto Refresh 1.0.2 ?

YES, it's super...

[stucap]

market internals not bad. interestingly, the leading section, which is also the only positive one is financial. go figure

downgrades weren't as bad as expected. pop in financials is only natural. i will take this opportunity to apologize to bears. mkt popped the second i put on a short.

[ClarkW]

AAPL is still in limbo. A strong 2x MA support held yesterday .
Latest butterfly was neither validated nor negated.
No longer swing positions here…only scalping for day-traders…not for me.

Leaving this blog for today...GLTA!

Have a good weekend Cougar. Great job this week!

[soku]

market internals not bad. interestingly, the leading section, which is also the only positive one is financial. go figure

downgrades weren't as bad as expected. pop in financials is only natural. i will take this opportunity to apologize to bears. mkt popped the second i put on a short.

i think it is boe's fault. market start to day dream stimulus again.
i am thinking of buy couple calls over the weekend too. just my lottery ticket incase they do something over the weekend. after gap fill of course

[Petsamo]

EWP (Spain) continues to baffle me with its continued rally

[KENA]

The stocktiming charts ,Liquidity.Strong stocks all ticked dn and weak stocks ticked up,no surprise.The Dorsey Wright P&F charts did not change to much.The NYSEBP only ticked dn .28% which is very little for what the mkt did.The bullish trend is still increasing.One supprise was the WORLDBP turned to X's (thats green) so now the World on the average is on the up trend.Things can change but it takes 6% dn to change.Keep these things in mind in the treding days a head.Charts are not 100% but lets see.

Got traped in my long yesterday for a small loss but back in long at yestrday close maybe make it up today..Lets see GTTA

[soku]

AAPL is still in limbo. A strong 2x MA support held yesterday .
Latest butterfly was neither validated nor negated.
No longer swing positions here…only scalping for day-traders…not for me.

Leaving this blog for today...GLTA!

where r u going? today is the first day after strong trend, and there is no pending news. it's one of the good day to trade. lots of things to do. stay.

[uempel]

Yesterday's GS short recommendation for traders:

“We are recommending a short position in the S&P 500 index with a target of 1285 (roughly 5% below current levels) and a stop on a close above 1390. This morning, the Philly Fed print of -16.6, down sequentially and worse than expected, provides further evidence that weakness has extended into June.
Although yesterday's FOMC delivered easing as expected, with a dovish statement, positive risk sentiment ahead of the FOMC had already buoyed markets. And we now think, with incremental US monetary policy on hold, the market will need to confront a deteriorating growth picture near term.
The risk to our recommendation is that the data soon reverts to the 2-percent growth path our economists expect, that China growth turns, or that European policy-makers' rhetoric buoys risk sentiment further from here, with the upcoming end-of-June summit a focal point on this count.”

[Petsamo]

Yesterday's GS short recommendation for traders:

Last year GS believed oil will bust to all-time highs

[Major]

GM all, if your use Firefox browser, here is how you can set it up to auto-refresh.
Click on your ‘tools’ button at top, then click add-ons in the drop bar. Type auto refresher in the search and then install it. It works great.

After installed, right click your mouse and set it as you wish.

Auto Refresh 1.0.2 ?

YES, it's super...

Also look at Reload Every >https://addons.mozilla.org/en-US/firefo ... loadevery/< it works like a charm.

[Petsamo]

I sold my USO. The dang thing doesn't wanna drop! There are other things I can swing trade to ...

[Mr. T]

We're never going up again!!!!

lol

[uempel]

Yesterday's GS short recommendation for traders:

Last year GS believed oil will bust to all-time highs

Yeah, I know, they've often been wrong. I didn't post their call as a recommendation, merely as information. Here the visualization:

[grachu]

cobra for Apple I read your last night report. But do you think AT THE bigger: the rising wedge has great possibilities to breakdown ?

[Mr. BachNut]

Market Neutral.
I did short the break of the rising wedge yesterday, but as it was not per one of my setups, I closed it late in the day.
Greed triumphed over discipline.
My signals are still long (I am neutral because the position was stopped out), and the soonest they could go to sell is sometime next week.
Foremost though, I am aligning with Cobra's Evil Plan.
Probable scenarios are higher low vs. June 4 to confirm uptrend or lower low to complete downtrend.
Given the implied target of the ES rising wedge break, it could look double bottomy when the move is done.
Looking ahead, we should have some quarter-end window dressing. Also, Q2 earnings should be up (I think?) while valuations are below where they were when Q1 was reported.
The fly in the ointment is the action in commodities, which could see some kind of capitulation.
Feels like the central bankers are playing chicken to see who will ease first. Ben just signaled to the other guys that he is not blinking just yet. Ball back to Europe's court?
The problem with chicken is if a player doesn't cave before it is too late...