02/05/2013 Live Update

[uempel]

Harapa, yesterday you were monitoring VDAX as a possible frontrunner for your system. I don't follow VDAX, but DAX looks weak today. It fell out of a huge ellipse yesterday and can't get back in up 0.22% at the moment after yesterday''s approx 2.5% fall.

[gappy]

Light Long.

I almost went neutral yesterday at the lows but two things stopped me. One, price reached a natural sell stop location and, rather than downdraft, it just stuck there. So, the stops got swept but the dip buying was strong. Two, the Dow did not make lower low.

Composite trend signal is up (yawn). A little erosion in some stats yesterday for the first time in awhile.
Summation signal is up but will flip to down if today's McClellan Oscillator closes negative (may not judging by the strong open this morning).
A down signal would open up a possible counter trend short for me.

I think metal traders actions front run the general markets cause they think they know something. And they might, who knows. It has been a month of Sundays since I've seen two major silver squeazes in one day though. Because the first last night was in response to favorable Great Britain PMI, and this mornings just prior to cash market, (bolster of price), me thinks a break down is coming. Lower prices for the bullion banks is a risk in delivery demand. In stock they have on paper only.

[Al_Dente]

Good Morning Cobra
MHP, McGraw Hill, the parent company of Standard & Poor’s, dropped 13.78% yesterday
Yesterday, our Justice Department filed civil fraud charges against S.& P., “which during the boom years reaped record profits as it bestowed gilt-edged ratings on complex bundles of home loans that quickly went sour”.
http://dealbook.nytimes.com/2013/02/04/ ... h_20130205
“Settlement talks between S.& P. and the Justice Department broke down … after prosecutors sought a penalty in excess of $1 billion and insisted
that the company admit wrongdoing…That amount would wipe out the profits of McGraw-Hill for an entire year. S.& P. had proposed a settlement of
around $100 million…”

mcgr.png

Yowza! http://www.youtube.com/watch?v=Ju5NztMnQxE

http://www.youtube.com/watch?v=3bz4NUW-B7U

[gappy]

Good Morning Cobra
MHP, McGraw Hill, the parent company of Standard & Poor’s, dropped 13.78% yesterday
Yesterday, our Justice Department filed civil fraud charges against S.& P., “which during the boom years reaped record profits as it bestowed gilt-edged ratings on complex bundles of home loans that quickly went sour”.
http://dealbook.nytimes.com/2013/02/04/ ... h_20130205
“Settlement talks between S.& P. and the Justice Department broke down … after prosecutors sought a penalty in excess of $1 billion and insisted
that the company admit wrongdoing…That amount would wipe out the profits of McGraw-Hill for an entire year. S.& P. had proposed a settlement of
around $100 million…”

mcgr.png

Yowza! http://www.youtube.com/watch?v=Ju5NztMnQxE

http://www.youtube.com/watch?v=3bz4NUW-B7U

[Harapa]

Harapa, yesterday you were monitoring VDAX as to a possible frontrunner for your system. I don't follow VDAX, but DAX looks weak today. It fell out of a huge ellipse yesterday and can't get back in up 0.22% at the moment after yesterday^s approx 2.5% fall.

Even though VDAX rose by ~24% yesterday, it maintained its trend. Per VDAX, SPY bullish as of EOD yesterday. VADX is only down by ~2% today, which may explain why DAX is not picking up. You can get current read for VDAX at Bloomberg
http://www.bloomberg.com/quote/V1X:IND

[TraderGirl]

XIV found support at trendline, and we bounced as expected...

[TraderGirl]

At the same time Dow was at channel support...

[Al_Dente]

XIV +4.22%
NYADV still >2100
But up-volume and ad ratios and trin are weakening a bit

[TraderGirl]

Potential count....we still have upper trendline around 1518-19 that we have not touched...may overthrow by a bit...

[Al_Dente]

Paging gap up
Just for fun, LOL only, not serious, etc

http://www.youtube.com/watch?v=29ebiwO4O70&ob=av3n

[ClarkW]

Gasoline looks like it's ready for a break. Did it just make another lower high?

[TraderGirl]

Venus Jupiter trine on the 7th...very positive aspect...

[johnnywa]

However, it is later in the week that may be of most importance to equity traders. On Thursday, February 7, Venus will trine Jupiter. This will be followed by a square between Mars and Jupiter on February 10. In a sense, we will have Mars making a translation to a wide Jupiter-Neptune square. This is a dynamic that Alan Greenspan would relate as “irrational exuberance.” It is possible that equities continue their parabolic rise into then, for whenever Jupiter is so active, trends of financial markets can either soar way above expectations and resistance, or fall way below support. Its either wild but misplaced exuberance, or hysteria and panic. Right now it looks more like the former

[StudentBill]

XIV found support at trendline, and we bounced as expected...

I like these bollinger settings on the 15 minute chart for XIV with Andrew's Pitchforks. They seem to really nail the movements.

[gappy]

Paging gap up
Just for fun, LOL only, not serious, etc

http://www.youtube.com/watch?v=29ebiwO4O70&ob=av3n

Yep been there done that. http://www.youtube.com/watch?v=1paHu-cfuWI

[ballatines]

anyone see chance or dropping back at close?

[TraderGirl]

XIV found support at trendline, and we bounced as expected...

I like these bollinger settings on the 15 minute chart for XIV with Andrew's Pitchforks. They seem to really nail the movements.

scCASBT56D130205.png

Probably close gap at $22..

[TraderGirl]

Heard Art Cashin on CNBC talking about an H&S forming on SPX....so that means we are going higher....

[TraderJoe]

As most of you know, Blackberry is now BBRY and their new Z10 phone is a big hit overseas. It will not be introduced in the US until March.
The stock is on a tear, yesterday and today!

[StudentBill]

XIV found support at trendline, and we bounced as expected...

I like these bollinger settings on the 15 minute chart for XIV with Andrew's Pitchforks. They seem to really nail the movements.

scCASBT56D130205.png

Probably close gap at $22..

Agreed. I figure it will hit that upper red fork at around 22.10.