06/27/2012 Live Update

[KENA]

Need to see lots more increase in strong stocks and decrease in weak stocks for a good bullish mkt.Chart by stocktiming

[Al_Dente]

Guess who doesn’t like this squeeze
(dollar is green dotted line)
While nyadv >2200 “bull trend” day
oy

[KENA]

This is not trading info but it is interesting that Dorsey Wright has a chart on the Pres.Election.Most charts they have I can't post but this one they don't have blocked.

[SB73]

well that gap fill was denied, but the one from Monday is now the target. Bears can't even hold that massive gap down...wow

[Cobra]

consolidation here is not bad as long as the oil report in 2 min won't be too bad, wait.

[OverUnder]

One thing is that corn has been up a lot due to dry weather.

Q: why is DBC (pink) leaping like a honey badger?
Crude?

627dbc.png

[Mr. BachNut]

Market Neutral.
Were in the grinder zone where market can bounce around without declaring where it's going.
I have attached a Dow chart that shows it well.
We're in between horizontal resistance and support.
We're in between 50 and 200 day MA.
We're in between declining tops line and rising bottom of a gently rising trade channel (light blue lines that cut out spike high and low).

While it looks like there ought to be another push down, Mr. Market can do what he wants.

I think there is a risk of over trading in a zone like this.

[Al_Dente]

One thing is that corn has been up a lot due to dry weather.

Q: why is DBC (pink) leaping like a honey badger?
Crude?

627dbc.png

thx over
just now:
Oil inventories drawdown
-0.1 M barrels
(on expected inventory build)
(prior was +2.9 M barrels)

[Al_Dente]

Tick profile is strong bull at the moment (changes quickly)
So is nyadv
Not sure how far a sqz can go without dollar cooperation (?)
(oooooops sorry, tick just changed b4 i could post this......etc………..)

[Cobra]

still not looking bad, but hopefully no more pullback here.

[ClarkW]

Silver breaking down?

SLV 60 min. doesn't look good but positive D on Daily. Staying away

No positions, not a recommendation

[Richarab]

Eating near wifi
Can't believe ES didn't go to moon past my 1325 stop
And it may drop?
Really?
Hft out for my 100contract stop
Why does it feel that way every time ?!?!??
And now teasing me to short again

Beachnut - with you - dangerous market


---
I am here: http://tapatalk.com/map.php?0331vh

[OverUnder]

Can we get a little risk off sentiment in da haouse!

[Cobra]

hopefully small double bottom here.

[Cobra]

double bottom target.

[Anaconda]

hopefully small double bottom here.

We still have a gap to fill, to 6/24 close, at SPY 133.42. This sits at 50% fib retrace. Then continuation of downward trend?
(I would post a chart, but can't from where I am. Sorry.)
GL,
A

[SWalsh]

The HFT activity, that which rallied the mkt from about unchanged, was significant this morning, clearly taking out all buy stops. They are selling it down a little at 10:41 as I write this. No HFT movement = little mkt movement = easier trading.

Here's a March 2007 on the activities of the Plunge Protection Team (PPT) being there if needed in a collapse:

http://www.marketoracle.co.uk/Article464.html

I remember Art Cashin on the floor on CNBC was asked about this group and he was a Neurolinguistic Programmer's dream. Despite their being placed into existence under law, suddenly his eyes were darting all over except at the interviewer as he called it black helicopter stuff. Maybe he never read this short article.

For those who do not fully appreciate what these HFT machines are doing, this corrupt administration was shown a tool and rather than use it for good when needed to stabilize a decline, they use it now regularly to profit. I say that because there is often one, single, massive "ping" standing alone that moves the market. I don't see how a bank could do that and the others didn't act a split second later. So given that they work with the banks it would appear it is nothing short of timed collusion, or, under the National Security Act being interpreted by administration lawyers, the Fed itself buying stocks.

And now no one, especially since Corizine is walking free, trust the system. The Law of Unintended Consequences will be big on this next one. This 2007 article predicted bad things building then. Better now? I don't see how. It was stated on an interview in April by a financial talk show host on the John Batcherlor show, which is syndicated nightly on WABC, that these HFTs must be stopped before the marketplace is completed ruined for investors. That podcast the next day never had that interview on it. They filled his appearance with something else. It hardly seems like a coincidence that someone discussing that without HFTs now trading the exchanges and markets would implode, and thereby the economy, and it vanished just like former NYSE head Grasso stating "rip them out" in a Bloomberg interview was gone hours later. The money they make is so massive that they don't dare let John Q. Public know what's happening.

[KeiZai]

GM
Natural gas

[btran874]

Damn, 100 contracts.

Eating near wifi
Can't believe ES didn't go to moon past my 1325 stop
And it may drop?
Really?
Hft out for my 100contract stop
Why does it feel that way every time ?!?!??
And now teasing me to short again

Beachnut - with you - dangerous market


---
I am here: http://tapatalk.com/map.php?0331vh

[TraderGirl]

SPX...??