11/12/2013 Live Update

[uempel]

A close up of the chart I showed at the opening illustrates SPX' dilemma - strong resistance.

[RealMoneyIssues]

Wow that 5min candle put coffee on my screen!

Gotta love those dip buyers...

Or is that the Fed buying equities and inconvenient times...

[fehro]

SPX 60m. possible resistance near here.. channel wise, if this is the top channel line(s)

[Mr. BachNut]

QQQ appears to have an appointment with some outstanding P-Bars.

[Cobra]

100% mm then pullback instead of double bottom, so bears still have chances today. wait.

[Cobra]

blue arrow is my guess. usually there's another rebound attempt.

[DellGriffith]

Dell Griffith, don't you think the two investment categories are a bit unequal? You can argue that the gold market is much smaller than the equity market and the equity market is much smaller than the bond market. But size of the bitcoin market is 4 billion - that's teeny-weeny compared to the equity market or the USD volume And even if we put size apart, I just don't see how the bitcoin market can be used as an indicator. Can you please explain

I'm toying with the theory. Sure there's holes. But bitcoin went vertical during a correction in equities back last spring, and collapsed and the market rally resumed. Bitcoin is going vertical again as the market looks soft to me.

So I'm watching.

[joegamma]

does XIV tend to lead the SPY?

seems spy prices should be lower given the upvolume and down volume levels today

lots of mixed signals at this juncture...Dbl top in qqq 15min, fwiw

[gappy]

Minutes of the Meeting of the Treasury Borrowing Advisory Committee Of the Securities Industry and Financial Markets Association November 5th, 2013

Capture.PNG

http://www.treasury.gov/press-center/pr ... l2209.aspx

[gappy]

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[fehro]

SPX 15m... possible messy H&S yellow... or pink triangle if we chop around today.. waiting for Ben to speak tomorrow night 7pm EST
http://mam.econoday.com/

[Cobra]

we're here. so far it's range day so not suitable for student day trader.

[TWT]

$SPX: lower high + lower low The probability of a corrective phase is increasing

[joegamma]

out of some iwm shorts for scratch, still looking to sell higher highs next few days

[Cobra]

we're here. rebound was weaker than I thought. now back test day low so key time again.

[fehro]

SPX 5m... messy minor H&S

[Cobra]

100% mm, bear need exceed the target to see hopes.

[Cobra]

we're here. key time. guess will see rebound first though.

[KeiZai]

DAX potential harmonic pattern bullish 5-0 I think (I am just a newbie with this stuff so grain of salt needed )

[uempel]

Bulls don't need to be concerned if SPX 1750 holds. A break of that level would be quite an achievement for the bears