09/05/2012 Live Update

[Petsamo]

Any doom & gloomer here want to sell CLF ? Now's your chance

[TraderJoe]

It's buy time on - LCC

They have that merger with AMR, right ?

Correct, if they take out $11 they are going to $14 fast..

[Al_Dente]

VIXIES Update:
The setup is technically in buy mode since yesterday 3:30 EST. Lately, this setup (for DT) didn't act as a leader, thus was not as profitable as in the past.

Divergence between the options and futures was quite pronounced, but is changing this morning
VXX 30 min

[Petsamo]

It's buy time on - LCC

They have that merger with AMR, right ?

Correct, if they take out $11 they are going to $14 fast..

Good luck

[Cobra]

volume surge, biggest bar, so might see pullback here.

[Unique]

Alright, peace out this is too boring

GLTA

[TradingJackal]

Vix closed inside the BB the last two days and gapped down today and is going down. It was equity buy signal the day before and so far as I can tell that has not been negated yet. However, I don't see any urgency in the market to the upside.

[brandyjoco]

Is NUGT still in a channel? If so, it is easy to scalp a nice 5 percent swing every day...

[Petsamo]

sold AMD for 1.7% gain

[Cobra]

target I'm not sure. this rebound should have legs that's higher chances.

[noob]

Was there news or somebody fat figured and sold down s&p by 2.5 points in like a minute?

[Harapa]

VIXIES Update:
The setup is technically in buy mode since yesterday 3:30 EST. Lately, this setup (for DT) didn't act as a leader, thus was not as profitable as in the past.

Divergence between the options and futures was quite pronounced, but is changing this morning
VXX 30 min

The attachment 95vxx.png is no longer available

Whom should we believe?

[CarlosDK]

Cobra:

What is the SPY upside target on that intraday chart ??? Cant read it

[shaca]

+0,55% usd-cad
spx should be much lower

[scout_lt]

Declines from the Aug.’12 high of 2494.06 are resuming the larger downtrend that began from the Jan.’10 high of 3044.37. Shown on this chart is the final sequence of that downtrend in progress from this year’s high of 2611.42. Should the Eurostoxx manage to stay below 2494.06, declines are expected for the remainder of the year. A break above 2494.06 would trigger more upside to 2525.36, but only an advance above 2611.42 will negate this forecast:
http://blog.wavetrack.com/eurostoxx-50/

[Al_Dente]

VIXIES Update:
The setup is technically in buy mode since yesterday 3:30 EST. Lately, this setup (for DT) didn't act as a leader, thus was not as profitable as in the past.

Divergence between the options and futures was quite pronounced, but is changing this morning

Whom should we believe?

Futures contango distorts the view

http://seekingalpha.com/article/802871- ... ocus&ifp=0

http://seekingalpha.com/article/840301- ... itle&ifp=0

[Al_Dente]

1 min
fresh high on 1400 nyadv !
double top w yesterday's high

[Al_Dente]

GS breakout high

[Cobra]

retested yesterday's high, pullback now, so key time. should be at least 2 legged up, so bulls for now no need to worry yet.

[KeiZai]

+0,55% usd-cad
spx should be much lower

Ha good point that is why I am rather sideway these days, with small position here and there (mostly currencies)...I think we will see tag of 50 or 200SMA in the coming days but who knows market looks bullish but too risky for my taste (falling AUD, CRUDE etc)

GS is very bearish so I think we are going up to the sky but short-term weakness is still possible IMO

http://www.cnbc.com/id/48896105

http://stocktwits.com/compliance/2307?h ... w-highs%2F

EDIT: and good late morning btw