03/27/2013 Live Update

[gappy]

Comex gold stocks at a 3 1/2 year low. Comex silver stocks at a 12 year high.

10.52.png

If I have to invest in metal,
it would Gold, copper,aluminum, lithium. Can silver have any practical usage in industrial revolution? I can think about one, do you know?

Industrial utility is often quoted to pump silver, I trade price/time pivots and try to keep the noise muted. I lke gold too!

[Out of Bounds]

Comex gold stocks at a 3 1/2 year low. Comex silver stocks at a 12 year high.

10.52.png

If I have to invest in metal,
it would Gold, copper,aluminum, lithium. Can silver have any practical usage in industrial revolution? I can think about one, do you know?

Electrical components are chocked full of silver.
http://www.silverinstitute.org/site/wp- ... demand.pdf

[gappy]

Comex gold stocks at a 3 1/2 year low. Comex silver stocks at a 12 year high.

10.52.png

If I have to invest in metal,
it would Gold, copper,aluminum, lithium. Can silver have any practical usage in industrial revolution? I can think about one, do you know?

why of course,... Swords! Brilliant jewel encrusted swords! Rubys... Invest in them too.

Richie, I heard soon we in the States can soon trade your Kingdoms stocks, you are gonna be in taller clover.

[Cobra]

pullback then up indeed. my guess is another pullback then up. after that we'll see.

[Tabby]

Comex gold stocks at a 3 1/2 year low. Comex silver stocks at a 12 year high.

10.52.png

If I have to invest in metal,
it would Gold, copper,aluminum, lithium. Can silver have any practical usage in industrial revolution? I can think about one, do you know?

why of course,... Swords! Brilliant jewel encrusted swords! Rubys... Invest in them too.

Thanks for remind me, Imam Ali had double headed swords. I forgot about it.

[Richarab]

Comex gold stocks at a 3 1/2 year low. Comex silver stocks at a 12 year high.

10.52.png

If I have to invest in metal,
it would Gold, copper,aluminum, lithium. Can silver have any practical usage in industrial revolution? I can think about one, do you know?

why of course,... Swords! Brilliant jewel encrusted swords! Rubys... Invest in them too.

Richie, I heard soon we in the States can soon trade your Kingdoms stocks, you are gonna be in taller clover.

will need to be tall clover to cover all my goodies, as my shorts are around my ankle...

Its some good petrochemical plays
Like SABIC

[1der]

Looking for pop to 1554 -5 ES in next two hours

Very good.

Thank you May sell on next pop if we get 1554.50 /1555 for test of 1550/1551 area. Not sure yet. Later morning starts to get less clear.

[jarbo456]

I'm in BMY and ready to take profits. This chart looks super toppy.

Does anyone have a read on this?

[Out of Bounds]

Crap. i have to step out for a bit - holding short unless incredibly profitable limit ordr gets hit. Need a mini flash crash while gone.

[Unique]

viewtopic.php?f=2&t=869&start=60#p124216

SPY
Since yesterday was same pattern as 3/20, today looks like 3/21 we're at resistance right now and we need a break of lows in the afternoon

If gap fill then, break lod would become invalid...

GOOG looks like a sexy short setup

[toddymc]

pullback then up indeed. my guess is another pullback then up. after that we'll see.

BTW Cobra-- just wanted to say THANKS AGAIN for your time, chart work and analyses(plural)and extensive,
detailed research--
and of course, hosting this blog..
Update on my SPY calls position, preparing to exit in that green circle around 1555 ES 50% profit!!

[Unique]

Looking for pop to 1554 -5 ES in next two hours

Very good.

Thank you May sell on next pop if we get 1554.50 /1555 for test of 1550/1551 area. Not sure yet. Later morning starts to get less clear.

I usually take profit if bought the dip on SPY when within 10-25 cents of gap fill.

156.15 close right is prev close line, so I must undercut the bots at about 155.95. (A large gap fill is usually rejected on first try)

(Not trading ES right now only SPY, until we get a intermediate breakout of 1560 vs 1529.5 range)

[KeiZai]

I wouldn't be suprised to see new highs soon (with another massive squeeze) so far I don't see anything bearish in the US charts, it could change after support break but until then keep it easy and be humble on the short-side

This is most bearish outcome I see in the R2K etc....have a good1

[Unique]

I'm in BMY and ready to take profits. This chart looks super toppy.

Does anyone have a read on this?

Why not just trim and trail? You don't miss profits and you protect yourself
Daily candle is bullish and hourly is bullish with a bit of negative divergence but above the 20ema hourly.
Price is definitely healthy still

[fehro]

still in the pink triangle... waiting for a break SPX 60m

[1der]

Looking for pop to 1554 -5 ES in next two hours

Very good.

Thank you May sell on next pop if we get 1554.50 /1555 for test of 1550/1551 area. Not sure yet. Later morning starts to get less clear.

I usually take profit if bought the dip on SPY when within 10-25 cents of gap fill.

156.15 close right is prev close line, so I must undercut the bots at about 155.95. (A large gap fill is usually rejected on first try)

(Not trading ES right now only SPY, until we get a intermediate breakout of 1560 vs 1529.5 range)

Yes, Absolutely, I always take all or most profits slightly below target. To much stress for that last .25 to .75

[TumblingDice]

Well today is one of the bigger divergences between XLF, TLT and SPY. In my experience XLF and TLT are usually right in the end.

[Al_Dente]

BTW Cobra-- just wanted to say THANKS AGAIN for your time, chart work and analyses(plural)and extensive,
detailed research-- and of course, hosting this blog.. ...

+1

[toddymc]

Uncanny similarity between 3/1 and 3/27 on VIX price action fractal-esque even...
Note the upper red ovals
Preparing to exit SPY Calls @ 1555 Basis ES should we touch there

[jarbo456]

I'm in BMY and ready to take profits. This chart looks super toppy.

Does anyone have a read on this?

Why not just trim and trail? You don't miss profits and you protect yourself
Daily candle is bullish and hourly is bullish with a bit of negative divergence but above the 20ema hourly.
Price is definitely healthy still

Strong negative divergence on the daily RSI and MACD. Price is completely overextended above it's long term moving averages. It's 3-3.5% points away from it's all time high of $42.33. I've been in it since around $25. I don't see it busting it's all time high as it's already traveled a long way to get to where it is right now. Two heavy volume days a couple of days ago indicating - in my opinion - institutions selling into new yearly highs.

I've captured a strong run, I'm wondering if it's worth selling into new highs and losing out on the last 3-4%. I think it is, but I appreciate your thoughts.