08/01/2012 Live Update

[Al_Dente]

view from the vixens
green indicates bull spy, but just don’t blink…

[EvilTrader]

Cobra do you still see a bull flag @60min ?

I see a fight over the 20EMA.

[Unique]

spy_aug_1_30.PNG

SPY showing hints of imminent breakout above bull flag.

Slightly over now, so about to be lunch hour. No real breakout until 1:30PM..but it's a fed day so postpone to 2PM.

Good luck everyone. SPY puts so sexy....

-Afk lunch

[Cobra]

Cobra do you still see a bull flag @60min ?

I see a fight over the 20EMA.

yes, it's still Bull Flag.

[TradingJackal]

Potential for IHS on ES with target around 1386 ~ 1391 SPX.
EDIT: Scratch that!

[Tabby]

Potential for IHS on ES with target around 1386 ~ 1391 SPX.
EDIT: Scratch that!

we have no operation twist scheduled for today; however, we have one buy for tomorrow and one sell for Friday. If they set the tone bearish, then there is a chance by using short squeeze, push the market higher.
I don't know which way to go.

[OverUnder]

Saw dozens of articles past few days, they've been telling everyone to buy VIX ETNs to hedge FOMC risk. Haven't seen so many ever before. Food for thought.

[nicha]

Checked out your AAPL website. What is the skype call your talking about?

spy_aug_1_30.PNG

SPY showing hints of imminent breakout above bull flag.

Slightly over now, so about to be lunch hour. No real breakout until 1:30PM..but it's a fed day so postpone to 2PM.

Good luck everyone. SPY puts so sexy....

-Afk lunch

[Cobra]

I have no idea what market is doing. It's a triangle, the breakout could be on either side.

[joe-gamma]

Saw dozens of articles past few days, they've been telling everyone to buy VIX ETNs to hedge FOMC risk. Haven't seen so many ever before. Food for thought.

thats a drag ...spy and iwm momentum heading south for next 3-5 days (still waiting on qqqs to turn....waiting....waiting....

maybe the talking head indicator says sell premium NOW, breakout to downside in equities next week?

GLTA

[joe-gamma]

watch what trans tends to do the day after a fall of more than 1.25%......

from ron walker

[Al_Dente]

PAGING FUND FLOW WATCHERS
mutual fund flows, scroll down, chart is adjusted to include ETF flows
http://www.ritholtz.com/blog/2012/08/mu ... Picture%29

[rc1269]

Anybody have any opinions on the strange trading behavior in a number of stocks this mornning?
http://www.reuters.com/article/2012/08/ ... 8N20120801

bloomberg also has an article. MTW, P, GT, LVTL a couple of the issues that got whipped around.

now a headline from Knight capital telling clients to execute trades elsewhere. hmm...

[MrMiyagi]

TRIN still happy.

[jdow]

Saw dozens of articles past few days, they've been telling everyone to buy VIX ETNs to hedge FOMC risk. Haven't seen so many ever before. Food for thought.

thats a drag ...spy and iwm momentum heading south for next 3-5 days (still waiting on qqqs to turn....waiting....waiting....

maybe the talking head indicator says sell premium NOW, breakout to downside in equities next week?

IWM lod

[ClarkW]

Good chart from Kimble on $XAU INVERTED

[Al_Dente]

Money Market Funds and the ICI spent “…$16 million in the first half of 2012 and $31.6 million last year…” for lobbying to block new rules championed by the SEC. [guess who will win…]
http://www.bloomberg.com/news/2012-08-0 ... lobby.html





“Today's public figures can no longer write their own speeches or books, and there is some evidence that they can't read them either.”
[Gore Vidal, Rest In Peace]

[knock]

Good chart from Kimble on $XAU INVERTED

oh sh** after reading the note!

[knock]

rising wedge on 1min? cobra, what's your take?

the rising wedge worked well.

[joe-gamma]

iwm vs trans.....Trans seems to lead iwm and (big black candles) seem to occur where there is little market upside, at least this year....