06/03/2013 Live Update

[TraderGirl]

XIV potential support...?

[L_T]

Range-traders paradise today on IWM.

[BullBear52x]

/ES is cleaner chart, I am looking at max 1594.xx

[Cobra]

3 push down, so might be 2 legged rebound here.

[Mr. BachNut]

Still short.
My expectations for the trade remain humble as bears have failed all year.

My summation index signal is now down for all indexes.
My composite trend indicator signal remains up but is arguably neutral. There are key indicators that built up a lot of momentum and won't turn easily.
Given that, I expect bulls to reassert themselves at some point.

MO ended Friday quite oversold. However, it can get more oversold, even for a few days.
Consequently, I still have some room before my MO oversold buy setups have an edge.

[fehro]

XIV potential support...?

Here's my messy XIV chart.. if that support doesn't hold.. got a huge unfilled gap below in the 17-18 range

[BullBear52x]

intraday, SPY once 5min. bar closed below 163 it will not hold. bulls still got some floor right now. Tick tick tick either ways, come to the sell the rip spo or roll down. not much for the bulls really.

[TraderGirl]

Interesting pattern in RUT...backtested and headed down each time except for May 2010 where it backtested twice...I suppose it's possible to at least head down to 50 ma or lower before heading back up to potentially test that upper resistance around 1065ish...

Hopefully we will see price get closer to the 200 ma....

[L_T]

Interesting pattern in RUT...backtested and headed down each time except for May 2010 where it backtested twice...I suppose it's possible to at least head down to 50 ma or lower before heading back up to potentially test that upper resistance around 1065ish...

Hopefully we will see price get closer to the 200 ma....

It just tested it's daily 20 EMA.

[Al_Dente]

NYDEC 2000
TRIN disagrees again 0.69
Time to wake up Mama; come on, get some food…..

[TraderGirl]

Potential count...hopefully if we are lucky we will see 1,600 by Weds to Friday morning.....

[gappy]

Interesting pattern in RUT...backtested and headed down each time except for May 2010 where it backtested twice...I suppose it's possible to at least head down to 50 ma or lower before heading back up to potentially test that upper resistance around 1065ish...

Hopefully we will see price get closer to the 200 ma....

It just tested it's daily 20 EMA.

From ole friend Springheel Jack: RUT has the most interesting pattern setup here, and looks like the main chart to watch along with the SPX chart. There is a clear rising wedge from the November low and a broadening ascending wedge from the April low that again broke down on Friday afternoon. The obvious target is wedge support in the 940 area but there is an additional complication in that there is also a nice looking double top in play. On a break below 970, which we haven't seen yet, the double-top target is in the 932 area. I'm treating the primary targets on RUT as wedge support in the 940 area and on a break below that, theoretical rising channel support in the 915 area. RUT 60min:

RUT 60min.png

[TraderGirl]

Who says Elliott Wave doesn't work...I posted this chart of HPQ back in May of 2012....hit the target with a slight overthrow....
(did not label updated chart)

[BullBear52x]

Who says Elliott Wave doesn't work...I posted this chart of HPQ back in May of 2012....hit the target with a slight overthrow....
(did not label updated chart)

so's traditional TA.

[Cobra]

still could be 3 push down. overshot. so might see a rebound here first then we'll see.

[gappy]

TickQ from stockcharts.com

tickq.png

[HenryR]

Anyone has the link to real time $nymo on stockcharts? I used to have it but I lost my bookmarks. TIA

[gappy]

Hightower am blurb:

gold.PNG

[TraderGirl]

Btw, I don't know how much HPQ will retrace...but this kind of wave down usually has another at some point....

Triple zig zag??

[TraderGirl]

Interesting pattern in RUT...backtested and headed down each time except for May 2010 where it backtested twice...I suppose it's possible to at least head down to 50 ma or lower before heading back up to potentially test that upper resistance around 1065ish...

Hopefully we will see price get closer to the 200 ma....

It just tested it's daily 20 EMA.