08/20/2012 Live Update

[Cobra]

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Flat open, any gap will be filled.

Global ES cannot always travel along the up channel line so a pullback somewhere is inevitable. Before seeing a pair of large enough lower high and lower low, bulls no need to worry.

[Mr. T]

Miyagi....... the button.

"DIVE, DIVE, DIVE!!!!!!"

Maybe it'll work better if it's pushed before the market opens.

[Cobra]

the open. probably another boring day.

[Petsamo]

SPY just busted Friday's low

[KENA]

The SPY is looking toppish as compared with past history..If history is a guide a dn move is coming but the mkt may go sideways for a few more days..We will just wait and see.

chart by stocktiming

[Al_Dente]

RELATIVE STRENGTH, banks

[Cobra]

if bears cannot break below the green line then it's consolidation pattern therefore still favors bulls.

[KENA]

The Tending Algorithm is also showing a flatening/sideways trend for short term.

chart by stocktiming

[Al_Dente]

two min

[gappy]

fed cash.PNG

if bears cannot break below the green line then it's consolidation pattern therefore still favors bulls.

Just a reminder.

[Cobra]

a little break through, good for bears, but it's not a valid breakout yet, let's see if bears can finally show some strengths.

[Petsamo]

I let UAL go too early for a 1% profit. Third straight win. Playing wit CLF, long CLF @ 41.27, 50 shares

[rightonmoney]

short term, bull need a break.

[KENA]

fed cash.PNG

if bears cannot break below the green line then it's consolidation pattern therefore still favors bulls.

Just a reminder.

Interesting chart..Thanks

[KENA]

I won't post the charts because not much change but the Liquidity and Mkt strength still tending up a small tick.

[Cobra]

OK, break down, and here's the text book target. I'm not sure any kind of bear target anymore though.

[KENA]

Don't know about others but I have not found a good DT today long or short..Usually if I can't find anything by 10:30am I may not be trading unless something changes..Could be a slow day.

[gappy]

3 months of strength from CCUR.

[Xian]

In news of the obvious: AAPL exists in it's own universe today. Can't decide if this is an ominous sign. Lord help the bulls if this Atlas shrugs, coughs or sneezes....

Edit: Just realized the last sentence mixed Christianity with Greek mythology. What can I say? It's early.

[Mr. BachNut]

Market Neutral.
ARMs Sell Signal was abandoned on Friday.
It could bite this week, but it usually means more up ahead when the signal flops.
There are other top signals too, but the Trend up also seems in good shape.
May dabble on the long side if we get a pull-back but the prospective return to risk relationship does not seem attractive.