08/29/2013 Live Update

[Al_Dente]

Is there an explanation on the record braking equity put/call ratio yesterday? ISE also registered a record IIRC. Anyone trading against it?

Last night in the members section Cobra said the chatter was that it might have been a data error
He was checking on it…………

Thanks! The reason I'm concerned about it that it could be real is that ISEE index also registered a spike in calls, but not as huge: http://www.ise.com/market-data/isee-index/

thx….it has already flipped to today’s readings
geeeeezzzz do u see the weight of buy-to-open index puts…….NOW
nobody believes this rally
contrarians take note [?]

[Cobra]

no follow through but bulls not over yet, so I'm neutral. targets on both side.

[Al_Dente]

Add to our list of "folks who hate this rally":
eur/usd

[Out of Bounds]

Add to our list of "folks who hate this rally":
eur/usd

and EUR/JPY - that's the one I'm paying attention to.

[BullBear52x]

Nothing close to bottom structure, a failed RSI support is the last stand for the bulls. I am just trading the chart, give me good buy signal I will buy but here? WDIK? Hourly look here.

[Out of Bounds]

Closed short 164.63 gone for the day. GLTA

[Mr. T]

Stinking market has lost it's mind...... it won't make a decision one way or another.

[cguirguis]

Double top on NFLX? Or is it more likely to break out...

[fehro]

Are we not headed toward the June 24th low, approximately to form the head of this giant head and shoulders pattern? After that to form the right shoulder and then boom!

Maybe I'm alone in thinking that there is another leg up somewhere in this market to show how strong the economy is in face of a war and then splat...

Maybe you're thinking like I am AL..

I'm not so sure..just above that trendline from Nov 2012 lows.. overall market up even where we are today is 14%. I don't like the look of the 60m charts from the highs.. looks impulsive.. we break the Nov 2012 trendline it could be a crash type move.. we are barely holding here.. mind you the real action will start next week when volumes return to normal.. these light volume days are easy to manipulate. imho.

[MrMiyagi]

Crude... Down...

[BullBear52x]

Double top on NFLX? Or is it more likely to break out...

RSI peak lower than last peak, always sell double top and buy double bottom for extreme counter trend.

[Cobra]

still neutral. the rebound isn't strong but I've seen too many times the rebound started slow but finished very strong...

[Al_Dente]

Crude... Down...

wtf

[daytradingES]

If it doesn't fail on this bar I'm closing my short.

ES 1641

[daytradingES]

everyone close your eyes and visualize a BIG RED bar

[daytradingES]

you're not trying.....

[BullBear52x]

If it doesn't fail on this bar I'm closing my short.

ES 1641

spy lines I got, ways too much of resistance up there.

[MrMiyagi]

!!!!!! POWER HOUR !!!!!!

[RealMoneyIssues]

everyone close your eyes and visualize a BIG RED bar

would prefer a big GREEN bar though

[seemore]

Did we just get a GDX higher low (at $28.06) shortly after crude oil spiked down? ...lower oil is good for GDX so they say. if the low holds, then target is $29.44 (AB=CD), real test will be that downtrend line resistance, now at approx 28.50 (and falling)