04/04/2011 Live Update

[BullBear52x]

Line in the sand.

[TraderGirl]

This looks bearish for semi's...

[soku]

ms cut odds of qe3 from 2/3 t0 1/3. it is interesting.
my system is not good for this market. so i am sitting on hand and watch the tape whole morning.feel like we r retesting 1395 for the break out.

[KeiZai]

Not good looking chart, cobras 3 push-up

[BullBear52x]

This looks bearish for semi's...

INTC at support should hold here for now.

[Cobra]

channel or bear flag.

[fehro]

Vix daily... almost pressing up against two trendlines of resistance...a sharp break up? or just a bear flag.

[noob]

could be a small ascending triangle here, the rebound is on the way.

Cobra, Do you see a small IHS too?

[Harapa]

Ready, GO!

So far this didn’t result in a significant up move, only holding the AM low. I will be out if RVI turns negative.

[BullBear52x]

UNG got some floor now, I'd like to see gap to show it meant business.

[Cobra]

the usual pattern.

[TraderGirl]

Semi's have 15 yr resistance line, would have to break out above this line to be bullish...
Resistance is around 450..
Short term, looking bearish...

[BullBear52x]

So far XLF made through line in the sand, buy able intraday, if it holds up over 200ma, we see low of the day for SPY. still too early to call.

[uempel]

Check the signal:

[taggard]

Semi's have 15 yr resistance line, would have to break out above this line to be bullish...
Resistance is around 450..
Short term, looking bearish...

Over on smh 50% fib of the whole 2000 to 2003 move is about 70 (ball park 69-71) again key area--and every prior major fib has presented short term or otherwise resistance.

http://blogs.wsj.com/marketbeat/2012/04 ... od=WSJBlog

see also helene meisler over at real money (have to be member)

[TraderGirl]

spx...

[taggard]

ms cut odds of qe3 from 2/3 t0 1/3. it is interesting.
my system is not good for this market. so i am sitting on hand and watch the tape whole morning.feel like we r retesting 1395 for the break out.

re your qe3 point--could be--we are down to time frames. short term maybe you can argue that qe3 is less likely (not disagreeing with you just personally clueless)--but since the market is the perception of liquidity--an spx decline partly based on perceived lack of--or at least most distant qe3 could set up the situation you are looking for (a decline in spx so that liquidity is "justified"--esp if you can get 1-2 months falling employment data at the same time.)

Ideally the fed would act sooner than say july/aug if possible since acting there could be political (due to pres elections). again not sure about this just speculating here--but ideally move would be made in may-june.

so amusingly if they perceive qe3 as distant--it might (sigh) make it more immediate. The idea we are focused on this rather than other things really does not bode well for the future.

good luck to all

[Cobra]

another possible ascending triangle, so the bias is on the upside.

[uempel]

Update:

[noob]

another possible ascending triangle, so the bias is on the upside.

Cobra, wow target is morning high?