09/07/2012 Live Update

[Cobra]

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Small gap up above yesterday's high so not sure if the gap will be filled. Usually the day after a strong up day tends to be a small range consolidation day. Also in most cases, the gap (up or down) after a Major Accumulation Day (yesterday) would be filled on the same day.

I don't see anything wrong on Global ES. The push up we had since yesterday was strong, so generally the very first dip would be bought. Let's see.

[TradingJackal]

Guaranteed QE3... Wheeee!

[Al_Dente]

PAGING OIL and gasoline prices

“…the White House considers the merits of another release of emergency oil reserves [SPR] … one proposal … is a much larger… release -- perhaps 100 million to 180 million barrels. Last year, as civil war in Libya cut the country's oil exports, the … administration … [sold] 60 million barrels of oil, a move that lowered oil prices but only for a few weeks…A much more dramatic measure could put a bigger dent in oil prices, easing gasoline costs …”

http://finance.yahoo.com/news/white-hou ... 2.html?l=1

[Cobra]

DAX broke Bull Flag and hit new recovery high.

[TraderJoe]

Gold, Silver and Mining stock shot WAY UP on the employment news..

[Al_Dente]

“China unleashes $158B infrastructure spend”
http://edition.cnn.com/2012/09/07/busin ... structure/

[Cobra]

the open.

[Al_Dente]

note TLT

[Petsamo]

IWM can't seem to find the up button

[ClarkW]

note TLT

Any idea why? Shouldn't it be down on the China news?

[Al_Dente]

note TLT

Any idea why? Shouldn't it be down on the China news?

I don’t know, maybe the:
“…QE bandwagon…”
http://www.bloomberg.com/news/2012-09-0 ... n-fed.html

[rc1269]

note TLT

Any idea why? Shouldn't it be down on the China news?

nope. bad jobs = QE back on the table. QE = bond buying. bonds go up.

[Al_Dente]

breakout gap sqz BAC

[ClarkW]

note TLT

Any idea why? Shouldn't it be down on the China news?

nope. bad jobs = QE back on the table. QE = bond buying. bonds go up.

Thanks

[Harapa]

For LT only:
For AL: Guy who likes the Upside Down view.
Time Frame Daily:
Shows Good traction of major trend since 1999.
Was good between 1986-1995, exited before 1987 crash.
Did poorly between 1995-1998.

[Al_Dente]

RELATIVE STRENGTH is in red
Note QQQ relative weakness (???)

[Harapa]

VIXIES Update:
What do you expect after yesterday's run up?
All in Bullish camp
Ditto for Momentum BLOCK

[SigmaEcho]

DAX broke Bull Flag and hit new recovery high.

new extreme, potential for reversal?

[Al_Dente]

10 day % performance

[Al_Dente]

For LT only:
For AL: Guy who likes the Upside Down view.
Time Frame Daily:
Shows Good traction of major trend since 1999.
Was good between 1986-1995, exited before 1987 crash.
Did poorly between 1995-1998.

THANKS BOSS