04/30/2013 Live Update

[Tutti]

Internals just seem blah...

[BullBear52x]

One month performance of the Top Ten (in market cap) “developed” countries

430developed_png.png

One month performance of Europe only

430europe_png.png

EEM and EDC are on the move if you want a good buy.

[TWT]

$SPX: Follow up of the ED option: The wave (A) of (V) could be in place

[Out of Bounds]

Dear great Bear in sky, deliver unto me a break of this support.
Booyah.

[stlwater]

Anyone have any good comments on this?

430rut rui_png.png

No comment to your specific chart - but all the large capitalization stocks are up, except Walmart. The whole thing i.e. the rally tastes sooooo liquidity driven, I guess many old proven indicators don't work at the mom

It only proves that when this BS stops working it's going to be one hell of a bubble to burst. I mean epic.

[fehro]

SPX 15m

[Out of Bounds]

Bear in sky can be kind of a dick.

[stlwater]

Bear in sky can be kind of a dick.

Can't he though

[Out of Bounds]

Closed my shorts at a mild loss - shame really. I should have sold in the move this AM but I thought I saw an obvious target and we couldn't get there. Dagnabbit.

[Xian]

Closed my shorts at a mild loss - shame really. I should have sold in the move this AM but I thought I saw an obvious target and we couldn't get there. Dagnabbit.

Nobody bats 1000. Don't worry about it. You've been red hot lately.

[BullBear52x]

Bear in sky can be kind of a dick.

Can't he though

on hourly chart the squeeze is still in the negative so's histogram, well well well, sell the rip still in the game.

[Out of Bounds]

Hate to jump teams so quickly but look at this thing. Who's buying the breakout? I may just watch.

[Cobra]

indeed the pullback was bought (this is what I mean this bull has legs, be sure to know my term), now testing yesterday's high, key time as anytime revisit the previous high there's a chance of reversal, so we wait.

[MrMiyagi]

Another day of rising Markets? How Shocking!!!!
The Power Hour will be moved to Opening Bell.

[ALdaytrade]

Closed my shorts at a mild loss - shame really. I should have sold in the move this AM but I thought I saw an obvious target and we couldn't get there. Dagnabbit.

RSI is 77.20 (top) on the one minute for spx 500.

RSI is 63.96 (top) on the sixty minute for spx 500.

I usually wait until comes down to at least 50 to sell.

Breathe through the pain...

[fehro]

pressing all time highs once again..

[stlwater]

Closed my shorts at a mild loss - shame really. I should have sold in the move this AM but I thought I saw an obvious target and we couldn't get there. Dagnabbit.

It's tempting (not a day trader) to close shorts, but that's fear and psychology really. That's the game. At this juncture closing would be wrong IMHO (for me) as it really hangs on the next couple of days.. This is a rally into a decision by the FED/Europe and there's a good chance it'll be the excuse for the May correction to finally take place that's how I read the odds.. I ask myself, do I want to go long? If my answer is no, then I hold short. I've left a fair amount of room risk-wise to tolerate some more upside. It would not surprise me at all to make a new high (blowing off stops) then the big sell-off.

I think this chart is interesting. I'm always wary of trying to apply past history to present day but it's interesting nonetheless.

http://blog.afraidtotrade.com/structura ... om+Blog%29

[Out of Bounds]

Closed my shorts at a mild loss - shame really. I should have sold in the move this AM but I thought I saw an obvious target and we couldn't get there. Dagnabbit.

It's tempting (not a day trader) to close shorts, but that's fear and psychology really. That's the game. At this juncture closing would be wrong IMHO (for me) as it really hangs on the next couple of days.. This is a rally into a decision by the FED/Europe and there's a good chance it'll be the excuse for the May correction to finally take place that's how I read the odds.. I ask myself, do I want to go long? If my answer is no, then I hold short. I've left a fair amount of room risk-wise to tolerate some more upside. It would not surprise me at all to make a new high (blowing off stops) then the big sell-off.

I think this chart is interesting. I'm always wary of trying to apply past history to present day but it's interesting nonetheless.

http://blog.afraidtotrade.com/structura ... om+Blog%29

I totally agree with you - i'm just taking some risk off table as we go into report. I move faster than swing trades.

[Cobra]

members only update at 1:08 pm
http://www.cobrasmarketview.com/2013/04 ... ay-update/

[Al_Dente]

SPX 15m

For the ascending triangle, your target is the short green vertical dashed-line, right?
So what is the short red vertical dashed-line?
Thanks fehro