05/03/2013 Live Update

[KENA]

chart by stocktiming

Liquidity is what is holding the mkt up..It is high and has been holding high..

[Cobra]

so far not a bad start. I see volume surge so maybe the pullback is over now? wait.

[Darkmatter]

Nothing like a good old fashioned short squeeze. Though I miss the good old days when good news was bad news and bad news was good news. Oh, wait. We're that much closer to Benny and the Jets unemployment target.

http://youtu.be/jKbpvina0gw

Helluva zoom on that camera.

[TWT]

$SPX: Potential count off April 18 low (wave 9 off the November lows)

[Cobra]

rebound indeed, let's see how it tests the morning high. wait.

[jarbo456]

TNA at hourly resistance...but don't think it will hold.

[Apple]

anyone with thoughts on USO? my calls are up over 100% and i'm feeling greedy and wondering if this monster triangle since early 2012 might be broken.

Several unfilled gaps above and only one below...fwiw, 35.6 is likely as it zzz's up to bbx's magic 42...but first imho has to break 34.1 to 34.5 resistance.

[jarbo456]

anyone with thoughts on USO? my calls are up over 100% and i'm feeling greedy and wondering if this monster triangle since early 2012 might be broken.

Several unfilled gaps above and only one below...fwiw, 35.6 is likely as it zzz's up to bbx's magic 42...but first imho has to break 34.1 to 34.5 resistance.

yeah...think some sort of rest maybe even reversal at 34-34.50.

may sell here and buy the breakout.

[L_T]

anyone with thoughts on USO? my calls are up over 100% and i'm feeling greedy and wondering if this monster triangle since early 2012 might be broken.

This is what I see FWIW. The trend line above goes back to last Fall and Fib level look like resistance to me.

[jarbo456]

anyone with thoughts on USO? my calls are up over 100% and i'm feeling greedy and wondering if this monster triangle since early 2012 might be broken.

This is what I see FWIW. The trend line above goes back to last Fall and Fib level look like resistance to me.

yup similar to what we see.

[TWT]

$VIX: watching if the trend line holds

[BullBear52x]

TNA at hourly resistance...but don't think it will hold.

no shares to go evil on this one either. they force the scalper to buy the inverse etf.

[Mr. BachNut]

Neutral.

My composite trend signal is neutral. I thought it would turn up yesterday but 2 of the slower moving indicators have been resisting this rally.
Today should get it into the up condition unless something goes wrong later. Seems kinda late but technically it has been unclear as to whether the April decline was starting a downtrend or correcting in an up trend. It is clear now. All the technical damage done to the up trend in the April decline (which was considerable) has been repaired.

My summation signal is up. Should have traded this one.

Assuming my trend signal changes after the close, my orientation will change to being either neutral or long.

[ClarkW]

Just me or is it odd the Swiss Franc is up nicely today with such bullishness? FXF +0.30%

[tkvprasad]

TNA at hourly resistance...but don't think it will hold.

no shares to go evil on this one either. they force the scalper to buy the inverse etf.

BB: you planning to go short here?

[BullBear52x]

TNA at hourly resistance...but don't think it will hold.

no shares to go evil on this one either. they force the scalper to buy the inverse etf.

BB: you planning to go short here?

for daytrade there are nothing to go long here. way overbought. for mid to long term buy the dip.

[Cobra]

looking good. nothing wrong.

[Tutti]

On the daily's QQQ & SPY piercing upper BB:

[BullBear52x]

I am buying FAZ and TZA for a scalp now.

[fehro]

SPX 15m. Ascending triangle target hit