04/25/2012 Live Update

[BullBear52x]

Today is FOMC day but you guys are looking at SPX and AAPL. Such newbish. hahahha...

I am kidding, I am kidding.


The banks are selling off. They know something prior to FOMC. Check BKX.

I am shorting FAS

[btran874]

Today is FOMC day but you guys are looking at SPX and AAPL. Such newbish. hahahha...

I am kidding, I am kidding.


The banks are selling off. They know something prior to FOMC. Check BKX.

I am shorting FAS

I believe you got the trade of the day my friend.

[taggard]

The NYSI has not been agreeing with the mkt..This indicator does lag the mkt somewhat but it has been going dn for sometime .. this shows the mkt Breadth is getting poor and a change is getting near.But as useual wait and see.

sc.png

nysi is like a large boat turning which makes it (by itself) hard to trade. 3 thoughts. 1 slap a (stock math) RSI on it--and you have maybe the most responsive indicator. We were at 3.36 yesterday. Second often there is a sort of double bottom action of some sort. third matching up nysi with nymo is a really good way to use both indicators.

Bonus consideration--there has been a lot of talk about a 3 peak and domed top. assuming we are setting up the last move up of that to play in may-aug--any sort of double bottom on nysi would likely be the key to the last move up on spx. the event often takes a while (2-6 weeks) but matching the second bottom on nysi with a nymo bottom is usually very decent for a safe(er) trade.

an aapl note--there is huge focus on the good side of the report on aapl but note one thing--sales at 2 larger carriers in the usa fell fairly strongly--and sales in china increased to offset this. generally the attitude by dudes talking about it is that "the middle class in china is huge and will continue to buy" and that maybe true. also the carriers over there will subsidize the phone-again maybe this is not a problem. never the less it's interesting.

as for the projections for next quarter--they really mean nothing since the action on the next phone is the key to the next 3-12 months (and since they were lowballed. as best i can tell from looking at what i can read about aapl--the key period is more like very late this year or the first half of 2013 in terms of the phone and pads due to other players finally starting to offer something mildly interesting. as well as being past the intro point on the iphone5. in theory the market reacts to this early.

good luck to all

[pezhead9000]

BAC May options today: 50K May 7 puts just showed up on the radar

Put Options Expire at close Friday, May 18, 2012
Strike Symbol Last Chg Bid Ask Vol Open Int
7.00 BAC120519P00007000 0.06 0.01 0.05 0.06 51,167 216,693

http://finance.yahoo.com/q/op?s=BAC&m=2012-05

[Mr. T]

Today is FOMC day but you guys are looking at SPX and AAPL. Such newbish. hahahha...

I am kidding, I am kidding.


The banks are selling off. They know something prior to FOMC. Check BKX.

I am shorting FAS

I believe you got the trade of the day my friend.

This Muppet got the trade 'o the day also.

[Mr. BachNut]

Still short. Trading at the moment is around entry. So, not clear if this is going to be black or red.
It is looking like Monday's downdraft was not a breakout of the bear flag but a stop run to position for Apple, which puts correction in doubt.
Reviewing yesterday's technicals, the short setup was still a hold, though some blood was anticipated with an Apple rebound.
Technicals look like they could start turning for me today, and a buy signal is concievable as soon as tomorrow. Will have to wait and see though.
If it does, this correction is either being deferred for awhile or it is truly light-weight.
FOMC is the next obvious catalyst (Free money forever helps the bulls).
Also available to potentially help bulls will be end of month window dressing and beginning of month capital flows.

P.S. If Apple does not make a higher high in the days ahead, it could get interesting.

[MrMiyagi]

BAC May options today: 50K May 7 puts just showed up on the radar

Terrific spotting, banks do feel a bit weak today (comparatively) in spite of things but I believe today is AAPL day.

But maybe we're fooling ourselves.

[Mr. BachNut]

Another possibility to consider for the days ahead is a continuing chopfest in a trading range. A rectangle chart pattern if you will. These are corrective in nature and can serve the same market purpose as a shorter trend to the downside. This would not be good for me, but the swing traders out there could have a field day.

[uempel]

Signal at noon. Sorry BachNut, it's not only the ellipse, it's the Fed too

[Al_Dente]

thank you pezhead

[BullBear52x]

if it confuses you, don't trade it (BullBear52X)

[Al_Dente]

trin beeping again
she hit 2.0 bear

[KENA]

Here is a look at the NYSI on a weekly basis..It does show a better picture of the poor mkt breadth..Looks like it could move into the -200/-600 area in the near future.

[BullBear52x]

Here is a look at the NYSI on a weekly basis..It does show a better picture of the poor mkt breadth..Looks like it could move into the -200/-600 area in the near future.

sc.png

This is the reason we need those who do the god's work and all the helping hands we could get.

[TraderGirl]

We probably pull back here, but we are also looking like we have a double bottom, with a target of new highs...

[Cobra]

OR low and EMA20 support, key time. I don't read the chart bearish yet.

[Al_Dente]

alignment
oy
[edit] try overlay with AAPL instead….
PAGING STOCKCHARTS.COM: We need more real estate, please

[Ed02]

Can any one explain briefly why AAPL stock trading was not halted when it reached more than 10% against yesterday close this morning? Thx.

[MrMiyagi]

Can any one explain briefly why AAPL stock trading was not halted when it reached more than 10% against yesterday close this morning? Thx.

Why shut down the entire market when it is going good?

[uempel]

Al_Dente, I really like this chart, keep on checking it