03/06/2013 Live Update

[Al_Dente]

Eydie is hot!

Dude u b crazy
Eydie is cold
Period
http://www.youtube.com/watch?v=DbgPyws4-Wc

[Mr. BachNut]

Thanks for the channel on gdx TG
when used with a sink line and Andrews pitchfork I came with this:

gdxwk030613.png

Intersection around 29 in late April

Nice chart. I think I'll work it.
Thank you ess and TG!

[BullBear52x]

I am taking a small bite on XIV now.

[L_T]

Where is Al today?? Miss him....

I am here - thanks

GDX daily
Look what happened last time BPGDM was below 20 and 10 (april to july last year, pink circles)
BPGDM was 3.33 last night EOD (lowest since 2008)

36gdx daily.png

Are you long and strong?

[gappy]

Eydie is hot!

Dude u b crazy
Eydie is cold
Period
http://www.youtube.com/watch?v=DbgPyws4-Wc

Touche that Rymes. Am still an imposter though. http://www.youtube.com/watch?v=a-6mUJ7CulI

[bonzodon]

Today's market action is very different. Huge volume on e-mini, nymo bearish, neutral tick reading, market at all time high grinding lower suggest that profit taking is going on by the traders who bet on dow making all time high. Traders loosing money for last 3 months suddenly feel bullish, so are buying, but they were all loosers, so they can freek out quickly causing the sell off, but if they could hold and profit takers bull returns back, it can fuel a big rally from here. Bonds also selling off so where is the money going in gold???

[gappy]

Today's market action is very different. Huge volume on e-mini, nymo bearish, neutral tick reading, market at all time high grinding lower suggest that profit taking is going on by the traders who bet on dow making all time high. Traders loosing money for last 3 months suddenly feel bullish, so are buying, but they were all loosers, so they can freek out quickly causing the sell off, but if they could hold and profit takers bull returns back, it can fuel a big rally from here. Bonds also selling off so where is the money going in gold???

Might be ok until we see the cheap lotto ticket stocks take off. Then time to get out of Dodge. http://www.youtube.com/watch?v=jRiGOjHFsgg

[Harapa]

Al, this is a chart you drew according to Harapa's input - and it has just flashed a sell signal - if I read it correctly

The attachment 69.png is no longer available

No, No, Know!

[TraderGirl]

Had a signal on SPY for a turn around this time frame...let's see if it works or a dud...

[Mr. BachNut]

Pondering gaps.

The SPY gap at the beginning of the year was a measuring gap, and the measured move would have been satisfied around the Feb. 19 high (pre-correction).
Yesterday, we had a SPY gap which took us above said high.
As exhaustion gaps come at the end of moves, yesterday's gap should be watched.
If it is closed quickly, it may be an exhaustion gap. If it isn't, that tells us something too.
Volume was lacking yesterday, but volume tells have been different in this bull market.

[fehro]

longer term on XIV 60m

[Al_Dente]

Touche that Rymes. Am still an imposter though. http://www.youtube.com/watch?v=a-6mUJ7CulI

dinah much better thx
btw WTF is $XEU:$VIX doing on ONE minute
I don’t get that relationship already, pls explain for me and other newbies, por favor

[gappy]

udow.png

Stolen from stockcharts.com. http://www.youtube.com/watch?v=1gRdpDHQd9Q

[gasprice]

Why Long Term Buy and Hold High Yield Dividend Investors Will Outperform Swing & Day Traders Going Forward

1) Commission costs will not outweigh the benefits of small price moves in a low volatility environment. The index will not make large enough swings to justify the time, energy and cost associated with short-term trading. It has become somewhat amusing to watch people predict the next 0.25% move in the S&P. Why bother?

2) The 10 day moving average of the VIX has stayed below 20 for more than 6 months, triggering a major change in the way an investor should think about the markets. These volatility cycles are common and a low volatility era, defined by the 10 day average never rising above 20 for multiple years, is now overdue.

3) In this low volatility era, dividend stocks are preferred to compensate for time in market. Long only portfolios will outperform hedge funds on stocks (though bond, currency and commodity hedge funds could still perform). Corrections will be minimal, therefore the cost of hedging outweighs the benefits of hedging. In the money calls should be preferred over out of the money, since price swings will be minimal.

[BullBear52x]

The candles are not bearish enough today, need a close lower for da bears.

[essessme]

Nice chart. I think I'll work it.
Thank you ess and TG!

You're welcome MrB

[fehro]

SPX 15m

[bonzodon]

Today's market action is very different. Huge volume on e-mini, nymo bearish, neutral tick reading, market at all time high grinding lower suggest that profit taking is going on by the traders who bet on dow making all time high. Traders loosing money for last 3 months suddenly feel bullish, so are buying, but they were all loosers, so they can freek out quickly causing the sell off, but if they could hold and profit takers bull returns back, it can fuel a big rally from here. Bonds also selling off so where is the money going in gold???

Might be ok until we see the cheap lotto ticket stocks take off. Then time to get out of Dodge. http://www.youtube.com/watch?v=jRiGOjHFsgg

You know all my indicators are bearish today, my top indicator is flipping a coin which came tail very bearish, did not see my neighbors black cat, so bearish and H&S on 5min was successful, so marking the top bearish.... lets see

[Al_Dente]

For my pm buddy: this is hot air

[TraderGirl]

Nice chart. I think I'll work it.
Thank you ess and TG!

Your welcome MrB