07/02/2012 Live Update

[TraderGirl]

Apple hitting resistance...pausing before a breakout??

[Sleeperz]

Could be China still is slowing down.

HONG KONG (MarketWatch) — Chinese manufacturing activity deteriorated at a faster clip in June than a month earlier, as new-order bookings and employment declined further, according to the final result of a survey by HSBC released Monday.

The final reading of HSBC’s China manufacturing Purchasing Managers’ Index for June dropped to 48.2 from 48.4 in May, indicating that business conditions worsened at Chinese factories.

by Petsamo » Mon Jul 02, 2012 8:16 am
Why is USO down? Did Iran back off OPEC threats?

[swayne99]

CMG good for a quick pop to 387 today

[TraderGirl]

UCO hitting resistance at long term support/resistance line....

[Sleeperz]

Oil is falling on disappointing economic data from both China and the US.

SAN FRANCISCO (MarketWatch) — Crude-oil futures retreated Monday, feeling the pinch of a manufacturing slowdown in the U.S. and China and paring the sharp gains made in the previous session.


http://www.marketwatch.com/story/oil-fu ... atest_news

[SWalsh]

Has anyone read and thought of that weekend post about how the computers are now trading and changed the market?

I'm not going to waste 2 hours putting a post together with more of this if sticking heads in the sand is what people here wish to do.

Here's another sliver. The Rise of the Machine (the trading platforms) created the Dot-Com bubble. They push mkts up to drive funds to trade them. Then it broke due to absurd prices and some fundamentals being realized.

Sound familiar? Anyone?....Anyone?...Buehler?

They decided to take down the old boys of Wall Street with their machines. Wall Street was ultimately smarter. They offered them far more money that they thought they'd see and took control of the entire place.

[Petsamo]

GSK has bad news but it's rallying. Go figure

[SWalsh]

Oil is falling on disappointing economic data from both China and the US.

SAN FRANCISCO (MarketWatch) — Crude-oil futures retreated Monday, feeling the pinch of a manufacturing slowdown in the U.S. and China and paring the sharp gains made in the previous session.


http://www.marketwatch.com/story/oil-fu ... atest_news

We are walking into debt default and deflation. How long they can hold this pig up is an unknown.

[TradingJackal]

Target 134.80 a W=Y There may be other fib targets as well.

[Petsamo]

Has anyone read and thought of that weekend post about how the computers are now trading and changed the market?

I think there's a conspiracy to manipulate markets by the government, not by inanimate objects.

[TraderGirl]

CMG?

[MrMiyagi]

Big volume on USO

[Mr. T]

Where's the stinking Mad Cow rally?!?!?

I kinda miss those right now.

Oh duh. Miyagi hasn't hit the turbo this morning...... it's all his fault.

[MrMiyagi]

Where's the stinking Mad Cow rally?!?!?

I kinda miss those right now.

Oh duh. Miyagi hasn't hit the turbo this morning...... it's all his fault.

Tomorrow Mr T, tomorrow is always a day away...

[Sleeperz]

Sounds like the old VSE pump and dumps but on a higher more sophisticated scale and quasi legitimite. All we can do with TA is go with the flow.
They used PE expansion as one explaination for absurd pricing. The Dot Com rose when they start valueing companies based on Revenue growth and earnings not needed yet.

SWalsh » Mon Jul 02, 2012 9:01 am
Has anyone read and thought of that weekend post about how the computers are now trading and changed the market?

I'm not going to waste 2 hours putting a post together with more of this if sticking heads in the sand is what people here wish to do.

Here's another sliver. The Rise of the Machine (the trading platforms) created the Dot-Com bubble. They push mkts up to drive funds to trade them. Then it broke due to absurd prices and some fundamentals being realized.

[KENA]

Has anyone read and thought of that weekend post about how the computers are now trading and changed the market?

I'm not going to waste 2 hours putting a post together with more of this if sticking heads in the sand is what people here wish to do.

Here's another sliver. The Rise of the Machine (the trading platforms) created the Dot-Com bubble. They push mkts up to drive funds to trade them. Then it broke due to absurd prices and some fundamentals being realized.

Sound familiar? Anyone?....Anyone?...Buehler?

They decided to take down the old boys of Wall Street with their machines. Wall Street was ultimately smarter. They offered them far more money that they thought they'd see and took control of the entire place.

[Cobra]

descending triangle up trend line.

[Al_Dente]

[DELETED]

[KENA]

Has anyone read and thought of that weekend post about how the computers are now trading and changed the market?

I'm not going to waste 2 hours putting a post together with more of this if sticking heads in the sand is what people here wish to do.

Here's another sliver. The Rise of the Machine (the trading platforms) created the Dot-Com bubble. They push mkts up to drive funds to trade them. Then it broke due to absurd prices and some fundamentals being realized.

Sound familiar? Anyone?....Anyone?...Buehler?

They decided to take down the old boys of Wall Street with their machines. Wall Street was ultimately smarter. They offered them far more money that they thought they'd see and took control of the entire place.

Yes read that and some others and a couple of good ones. Thanks

[MrMiyagi]

Sooo boring here, this is what they are covering on our local news
http://screencast.com/t/ydLwKIN7

Can you imagine them covering for every piece of trash on the ground? Maybe that will clean up the streets..