06/06/2013 Live Update

[Mr. T]

What P-Bars are still active to the upside Miyagi?

Thanks man

[Al_Dente]

Slow-moving conservative hedge for long portfolios
[Note the bottom was 22 May which was our “key reversal” day]

[BullBear52x]

my intraday marks of the rips

[user13]

Dollar getting Killed, Metals are finally responding

[Al_Dente]

JPM
head & shoulders
price is right at the neckline

[user13]

Any reason for the dollar tanking? I though QE winding down was bullish?

[Out of Bounds]

Any reason for the dollar tanking? I though QE winding down was bullish?

I've been watching all day and have no idea. I would love to hear some news but can't find anything.

[TraderGirl]

Hello!!

[user13]

Any reason for the dollar tanking? I though QE winding down was bullish?

I've been watching all day and have no idea. I would love to hear some news but can't find anything.

I guess it has to do with the yen but still, its too much I think (lots of strange things in the market over the last few weeks)

[user13]

MR T., Time to buy some more Gold chains? lol

[Cobra]

testing yesterday low, key time, bears must breakdown decisively.

[user13]

Any reason for the dollar tanking? I though QE winding down was bullish?

I've been watching all day and have no idea. I would love to hear some news but can't find anything.

I guess it has to do with the yen but still, its too much I think (lots of strange things in the market over the last few weeks)

Another thing I noticed is the market goes down as the $ drops over the last few weeks. ( I can't remember seeing that before)

[Me XMan]

Don't forget that traders are trading for future directions and not simply current.
I have they're selling based on the Fed tapering.

Any reason for the dollar tanking? I though QE winding down was bullish?

I've been watching all day and have no idea. I would love to hear some news but can't find anything.

[Mr. BachNut]

Any reason for the dollar tanking? I though QE winding down was bullish?

I've been watching all day and have no idea. I would love to hear some news but can't find anything.

The ECB left rates unchanged. More like Euro is soaring rather than dollar tanking.
Europe seems to me to be in a deflationary depression, but for a variety of reasons the central bank is not in a position to drop money from helicopters.
So, cash is dear. Euro is strong not because things are good but because things are bad, kind of like the yen was for the last few years.

[MrMiyagi]

Bulls dead for the day.

[Mr. T]

Bulls dead for the day.

Dead and waiting to be buried

[Tutti]

Any reason for the dollar tanking? I though QE winding down was bullish?

I've been watching all day and have no idea. I would love to hear some news but can't find anything.

I guess it has to do with the yen but still, its too much I think (lots of strange things in the market over the last few weeks)

Another thing I noticed is the market goes down as the $ drops over the last few weeks. ( I can't remember seeing that before)

dollar spx correlations havent lasted very long over last 10 years...

[1der]

I would not count them out yet. Lots of time left. Swoop down 1590's and then huge pop????

[Me XMan]

I guess the BEARS have answered your question.

testing yesterday low, key time, bears must breakdown decisively.

[user13]

Any reason for the dollar tanking? I though QE winding down was bullish?

I've been watching all day and have no idea. I would love to hear some news but can't find anything.

The ECB left rates unchanged. More like Euro is soaring rather than dollar tanking.
Europe seems to me to be in a deflationary depression, but for a variety of reasons the central bank is not in a position to drop money from helicopters.
So, cash is dear. Euro is strong not because things are good but because things are bad, kind of like the yen was for the last few years.

Yea I Knew about the ECB but it still seems overdone. Its getting killed by every major currency I can find. Also the second the $ starts dropping, the equity markets follow.