07/02/2012 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list here: http://stockcharts.com/public/1684859. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks!

If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday: http://stockcharts.com/public/1684859, thanks!

Small gap up, so the gap might be filled.

I don't read the Global ES having a valid breakout yet, it traveled too long to test the previous high so a consolidation is needed here before a valid breakout and it's what it is doing now. Usually after a huge range day, the next day tends to be a small range day, so guess pretty boring day today...

[Cobra]

DAX, 100% MM target is 6616. It's on the way.

[PoorHomey]

If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday: http://stockcharts.com/public/1684859, thanks!

I click this link from my phone, my office PC, and my home PC each day.. Hope it helps!


Sent from my MB855 using Tapatalk 2

[Al_Dente]

GM

ISM Mfg Index report at 10:00 ET, consensus 52 (prior 53.5)
Construction Spending, 10:00 ET, consensus 0.2% (prior 0.3%)

[Petsamo]

The Nikkei & India sold off from their open. The Hang Seng was closed. The DAX is so happy today ...

[Cobra]

If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday: http://stockcharts.com/public/1684859, thanks!

I click this link from my phone, my office PC, and my home PC each day.. Hope it helps!


Sent from my MB855 using Tapatalk 2

Thanks, that helps.

[Al_Dente]

Ned Davis Research
“GERMAN INVESTOR SENTIMENT SLUMPS, GOOD FOR MARKETS?”
http://screencast.com/t/mOSYzS9Ln

[Cobra]

the open.

[jarbo456]

GM

ISM Mfg Index report at 10:00 ET, consensus 52 (prior 53.5)
Construction Spending, 10:00 ET, consensus 0.2% (prior 0.3%)

ISM 49.7
Construction up .9%

[KENA]

Fri.actions has put the liquidity back up in the expansion area.(chart by Stocktiming)

PS..Not good Ecom.news right now.

[Al_Dente]

GM

ISM Mfg Index report at 10:00 ET, consensus 52 (prior 53.5)
Construction Spending, 10:00 ET, consensus 0.2% (prior 0.3%)

ISM 49.7
Construction up .9%

ISM
DROPPED BELOW 50 FIRST TIME SINCE 2009

[Al_Dente]

TLT
5 min charts

[HK88]

It is really amazing to see that the market is still at these levels after seeing ISM in contraction (not to mention that this is a huge drop from a month ago). It is in a steady decline (like ECRI) and usually market starts to turn around when there is a glimmer of hope. I have no idea how the market justifies these levels

[Cobra]

support.

[KENA]

On Fri the strong stocks had a good advance and spiked up to the last hi.The weak stocks decreased.Buttttt the way mkt news is coming out for the big big world things may not be to good for a few days???

Chart by stocktiming

[KENA]

Fri I posted some triva that stated July first trading day has been green 18 of the last 22 yrs.Today this may change to green 18 of the last 23 yrs.To early to make a call for sure so lets wait and see.

[KENA]

It is really amazing to see that the market is still at these levels after seeing ISM in contraction (not to mention that this is a huge drop from a month ago). It is in a steady decline (like ECRI) and usually market starts to turn around when there is a glimmer of hope. I have no idea how the market justifies these levels

I do belive that this mkt is controlled by Big Ben and his banks computers.He will not let it fall much.He belives strong mkt strong econ.

[stucap]

The BTFD crew has returned. All of today's volume in one stick for ISM. Consolidate and pop. Bears don't fight.

[Cobra]

the day's range, wait. I said usually it's a small range day, boring.

[Al_Dente]

internals 1 min
Nyadv 1400
Nydec 1400
Chop day so far at 50/50