04/19/2013 Live Update

[jademann]

Worthy of note:
SPY low on April 5 was 153.77
Spy lower low yesterday April 18 was 153.72
Yet both NYMO AND NAMO printed a higher low (see green dotted line) creating a positive divergence
[both NYMO and NAMO are eod end of day yesterday]

4189nymo.png

Here is the forgotten VIXies, lagging indicator but it can give us the sense of overall moods.

1.JPG

BB is VIX a lagging indicator? I thought it moved faster than SPX. what is the most leading of indicators? thanks -J

[Vaamsy]

Fehro/TraderGirl, any charts on GDX? More downside in the near future?

I don't really follow it, I hope you are on the short side. Looks lower. fwiw.

I'd look for a bounce on the red channel.. may consolidate near here.. could make a triangle like AAPL did for the next few months. If it does find support.. it could bounce to the upper red channel, and fill the gaps it just made last week..

Thanks Fehro, I entered long 2 days back. I should have exited at this mornings 2.5% pop, but didn't. It looks weak, hence planning to sell on a decent bid this afternoon.

[Unique]

Range day today (SPY) ?

So much for that......

It is still considered a range day unless we can close above 155.41 (yesterday's high) with a 5min candle, daily is still considered an inside bar to me.

[TWT]

$NDX: Obviously the low of the day is in .....

[BullBear52x]

Worthy of note:
SPY low on April 5 was 153.77
Spy lower low yesterday April 18 was 153.72
Yet both NYMO AND NAMO printed a higher low (see green dotted line) creating a positive divergence
[both NYMO and NAMO are eod end of day yesterday]

4189nymo.png

Here is the forgotten VIXies, lagging indicator but it can give us the sense of overall moods.

1.JPG

BB is VIX a lagging indicator? I thought it moved faster than SPX. what is the most leading of indicators? thanks -J

any data that collected after the action is lagging, the only leading indicator is the imagination and projection based on historical data. gtg

[L_T]

Range day today (SPY) ?

So much for that......

It is still considered a range day unless we can close above 155.41 (yesterday's high) with a 5min candle, daily is still considered an inside bar to me.

Sorry I mean for intra-day trading. To me the bar at 11:10 am pretty much toasted a range day hypothesis.

[fehro]

Fehro/TraderGirl, any charts on GDX? More downside in the near future?

I don't really follow it, I hope you are on the short side. Looks lower. fwiw.

I'd look for a bounce on the red channel.. may consolidate near here.. could make a triangle like AAPL did for the next few months. If it does find support.. it could bounce to the upper red channel, and fill the gaps it just made last week..

Thanks Fehro, I entered long 2 days back. I should have exited at this mornings 2.5% pop, but didn't. It looks weak, hence planning to sell on a decent bid this afternoon.

GDX 15m
Take a look at this... if it can hold here... or make a slightly higher low... it may hit some of the trendlines in the coming days... but it is still very weak.. so not really confident, indicators are a little conflicting at the moment. See what Tradergirl has to offer

[MrMiyagi]

[jarbo456]

who was charting aapl?

looks like it'll head higher for a bit longer before a resumption of the downward slide.

i sold half my puts yesterday, holding half, and will reenter at a higher price if given a chance.

[jarbo456]

GLD doesn't look like a bottoming pattern to me. i'm long GLD puts already, and am looking to buy some more.

[fehro]

who was charting aapl?

looks like it'll head higher for a bit longer before a resumption of the downward slide.

i sold half my puts yesterday, holding half, and will reenter at a higher price if given a chance.

download/file.php?id=43071&mode=view

daily chart fwiw.

[jarbo456]

if anyone cares to know my other short term trades...

i'm also long USO calls - although i wouldn't be surprised to potentially see a retest of the 30.79 low.

[jarbo456]

who was charting aapl?

looks like it'll head higher for a bit longer before a resumption of the downward slide.

i sold half my puts yesterday, holding half, and will reenter at a higher price if given a chance.

download/file.php?id=43071&mode=view

daily chart fwiw.

oh right...yeah i saw this. i like the chart.

a little too long a time frame for my options...but i'm holding half the put position for a test of the 360-370 region.

[rpccharts]

GOLD nice channel up from low 1320 to 1403 down to 1337 & up again to 1425. We could retest to 1350 if no break above channel.

BEARISH SWING HOLD

[TWT]

$SPX: Maybe the first leg of the assumed ZZ is in place

[johnnywa]

971.png

Still waiting for 157.25

[MrMiyagi]

C'mon Cobra, let's see a consolidation good for bulls post... just one more for this week!

[Cobra]

support. I don't like this pullback which is a little too large for a strong uptrend day, but the chart pattern not bad yet. wait.

[MrMiyagi]

support. I don't like this pullback which is a little too large for a strong uptrend day, but the chart pattern not bad yet. wait.

Hmph....

Nope.. not gonna hold today.. SPY does not look like it can hang on.

[TWT]

$SPX: For the eow photo the battleground is at the 10 wma = 1548.44