The Woodchipper Is Upon Us

I don’t need to read the news (which I haven’t) to know that we are shaking out some weak hands here. Which way this thing is going to resolve is yet unclear but I do have a few pertinent charts that should give you a leg up or two:

Things are moving fast so I better hurry as I already had to re-capture some of my charts. The volume profile panel shows us playing the musical chair game around 1380 and if you are dumb enough to participate you may find your ass in a sling instead of a chair.

Since I took this screen grab we actually have dropped through the 100-hour SMA and then pushed back up a little. Currently we are trading at 1374 1371 1368 and it’s starting to look pretty ugly. In short I really think we need to push above that before the close of the NYSE session or we will probably see follow through to the downside overnight. [UPDATE: well, that is looking unrealistic at this point]

The daily shows us the bull’s final line in the sand at 1357.5 – if we drop below that NLSL then hasta luego a 1322.

Some more perspective for my intrepid (and apparently overly forgiving) subs below:


More charts and cynical commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.

Please login or register for Zero Data Feed (non-recurring) or Zero Data Feed (recurring) or ES Gold (non-recurring) or ES Gold (recurring) or geronimo/ES (recurring) to view this content.

Cheers,

This entry was posted on Thursday, April 19th, 2012 at 2:15 pm. Both comments and pings are currently closed.


  • http://twitter.com/angrybear168 jimmy

    hope all this mess get resolved soon

  • Anonymous

    http://www.youtube.com/watch?v=_KSyWS8UgA4
    MOle Yo Te Esperaré..no homo.

  • Anonymous

    Interesting similarity

  • Tronacate

    expecting a little more from Bucky……

  • Anonymous

    You ever click on a YouTube Video and the Commercial was better than the video?

     http://www.youtube.com/watch?v=rxmXpzcl4MI&feature=relmfu

    Don’t know if you get the same one I did

  • Tronacate

    And less from Mr EURO

  • http://twitter.com/angrybear168 jimmy

    currencies not selling off that hard though

  • http://evilspeculator.com molecool

    RELOAD POST!

  • http://evilspeculator.com molecool

    By the way – I will be very insulted if this post gets less comments than Volar’s :-P

  • Anonymous

    Bought some TNA poots earlier, up unexpectedly fast

  • http://evilspeculator.com molecool

    marica…. :-P

  • Anonymous
  • Anonymous

    haha! 

  • Anonymous

    Bonds seem to be fading this move

  • Anonymous

    I’m shocked AUD/JPY isn’t sub-84 yet.

  • Anonymous

    Banked

  • Anonymous

    Thats a clue. I am trying long here. Lets see.

  • http://twitter.com/angrybear168 jimmy

    u covered yet?

  • Anonymous

    Heavily considering it…

  • http://pulse.yahoo.com/_IF7HINHIP5ITYT6TDHACMWJUXQ Huisok

    breakdown looking good but we are still in the 1360-1390 range whip saw.  

  • Anonymous

    mmm fun could just be starting.

  • http://twitter.com/angrybear168 jimmy

    nice trade balls to u for holding

  • http://twitter.com/angrybear168 jimmy

    Aud/jpy seems like bulls just dont want to let this one go for now, look at that hourly close..

  • Kudos

    I smell divergence

  • Anonymous

    Welcome back evil master! Rally time I guess (markets only take a dump when Mole is travelling).

  • Anonymous

    I don’t see anything though…(although the last apparent divergence broke down 15 mins later!)

  • http://practicalt.blogspot.com/ Darth_Gerb

    TnA poon?….wha? ;-)

  • Anonymous

    Not exactly patting myself on the back here…but yea at least I didn’t get stopped out last night. Moved my stop to 84.15. That’s yesterday’s level at the close of equities yesterday.

  • http://practicalt.blogspot.com/ Darth_Gerb

    300 comments? what is the world coming to?
    back from lunch.  did the world end?
    put those bid stubs in.

    the reason for sarcasm is the SPX hourly just hung its member over the BB30,1.0
    and pulled it back.

  • Anonymous

    LMAO!!! Seriously I did laugh out loud.

  • http://twitter.com/angrybear168 jimmy

    glad to to see zerofx back boosting my confidence

  • http://practicalt.blogspot.com/ Darth_Gerb

    Mole, is that you?
    did you have an embolism at altitude?

  • Anonymous

    I still this as cooked. yes yes pullback BUT 1380 finished off.

  • http://evilspeculator.com molecool

    SUBS – reload again please!

  • http://evilspeculator.com molecool

    ;-)

  • http://practicalt.blogspot.com/ Darth_Gerb

    me and “raised by wolves” would crank out 300 comments in half a day”.
    then Mole showed me the errors of my ways.
    calling out 300 was a manly way to call for a cleaner post, and get an extra nugget of Market insight. :-)

  • Tronacate
  • Tronacate
  • Kudos

    Significant low of the day reached the same negative momentum reading as a much higher low

  • Anonymous

    Rinse, Wash and Repeat

    Cleaning everything up before the big move  ( down in my opinion )

    Distribution city, would not doubt a nice rally tomorrow unless we close at the lows . . even then

  • http://practicalt.blogspot.com/ Darth_Gerb

    we don’t know for sure.
    bias is a killer.
    Convictscott is great at reminding us of this.  trade your setups.  the ones you like.
    and if it works, go for it!

  • Anonymous

    This freaking EUR/JPY.  

  • http://practicalt.blogspot.com/ Darth_Gerb

    /YM 12,861 – on the fib line Now.
    (I posted the chart last post)

  • http://practicalt.blogspot.com/ Darth_Gerb

    choppy pattern on the hourly (all today).
    possible stubby pennant?

  • Anonymous

     True that . .  I took my bias and my position off the table once they gave me 25% in an hour. 

    Waiting for another rally perhaps to  sell again (whoops)

  • Anonymous

    I was screaming the same with regards to AUD/JPY. I’m sensing there’ll be a bounce tonight and an opportunity to reload higher. That and its failure to do anything today on a down day.

    I will admit that EUR/JPY has been way more resilient…and frustrating. 

  • Anonymous

    The real reason why I even went short is because of the long/short ratio. Sometimes when ratio is to heavy on one side there is a correction to a more reasonable ratio. Well if you look at the EUR/JPY ratio it is about even. Im looking for good shift in the long/short ratio for EUR/JPY.

  • http://practicalt.blogspot.com/ Darth_Gerb

    can you put a bollinger on the ratio?
    anything at ‘par’ would give you no edge?
    correct?
    just my 2 grams.

  • http://practicalt.blogspot.com/ Darth_Gerb

    12,893 – bounce.

  • http://twitter.com/angrybear168 jimmy

    i guess this did mean something :)

  • http://twitter.com/angrybear168 jimmy

    forgot the screen

  • http://practicalt.blogspot.com/ Darth_Gerb

    *Market Close in 10min*
    snap out of it!
    clean up your books, look sharp.

  • Anonymous

    Quick someone shampoo the gerbil and clean up his cage!!! I’m headed to the gym!

  • Anonymous

    Come on Bears Relax let the bulls have the ball for while

  • Anonymous

    I thought that’s what tmr’s for? LOL

  • Anonymous

    I still think there’s more downside to come. But I suspect we’re in for another overnight bounce.

  • Joe_Jones

    They had it for the last 3 years. Bulls time to play mommy. Same folks get pounded though.

  • Joe_Jones

    and the retest to finish the day. Yum…

  • volar

    so mole is back market should rally- but since everybody knows this- should it not rally. But if every body thinks that it should not rally because everybody knows this, does it indeed rally?

    ok maybe too much coffee today

  • http://practicalt.blogspot.com/ Darth_Gerb

    ..and someone bring a towel.  a freaking TOWEL, PULEASE!

    http://www.diaryof1.com/blog/wp-content/uploads/2011/05/wetgerbil.jpg 

  • Anonymous

    Moral victory for bulls, saved Volars 1375 & close to the 50 sma…for now.

  • Anonymous

    Well the more chop there is, the more option holders that get freaked out of their positions.

  • Anonymous

    1380 not taken

  • http://practicalt.blogspot.com/ Darth_Gerb

    you fell victim to one of the classic blunders.

    the most famous is never get involved in a land war in Asia.
    and never go against a Sicilian when Death is on the line. ;-)

  • volar

     still looks like a flag to me.. but it held nonetheless

  • http://evilspeculator.com molecool

    ????????????????????????????????­??????????????

    D   A   I    L   Y      Z   E   R   O     H   A   S      B   E    E   N      U   P   D   A   T   E   D

    ????????????????????????????????­???????????????

  • Anonymous

    Bear flag=Bulls white surrender flag maybe?

  • http://evilspeculator.com molecool

    Ha! You guys crack me up. But what I did NOT disclose yet is that I am going back to Spain on the …… drum rolls…. 29th!!! ;-)

  • http://evilspeculator.com molecool

    I’m just glad to see it back! ;-)

  • http://practicalt.blogspot.com/ Darth_Gerb

    that’s no fair, it’s a paint the tape day.
    no correlation.
    bah!

  • volar

     word.

    Consider

    2^2=4

    2*2=4

    Permute (2,2)= 2

    Factorial (2)= 2

    so permute (2)^permute (2)= 4

    and factorial (2)*factorial (2)= 4

    so (4!) ways of using 2 gets us to 24 different ways to get 4 from 2 of the listed above

    in any case we can get an outcome, but the reason could be anything!

  • http://practicalt.blogspot.com/ Darth_Gerb

    step away from the coffee, and no one will get hurt.

  • volar

     but if i step away it would rip out the coffee iv (not implied vol, but the needle kind) of my sub q drip

  • volar

    utoh

  • Joe_Jones

    When the expected does not take place, ….

  • Anonymous

     Volar that reminds me of this

    Dr: “excuse me while I finish eating my french fries from lunch.”

    Me: “I love french fries with my hamburgers and also
    milk shakes but I don’t like milk because it makes me sick which reminds
    me I better get my flu shot before I get the flu which dries out my
    skin but I use jergens which is greasy like fries.”

    Dr: let me wash my hands before I increase your Adderall.

  • Anonymous

     A rapidly growing number of U.S. citizens and permanent residents have
    fought back the only way they legally can—by  giving up their green
    card, or their U.S. citizenship and passport. In 2011, IRS records show
    that at least 1,788 people went through this process of
    “expatriation.” That’s almost eight times more than the number of
    people who expatriated in 2008, and more than the total for 2007, 2008
    and 2009 combined.

  • Anonymous

    Going against moles call?….(GASP!)

  • Tronacate

    My response…….just pay your fucking taxes……..that’s why we have roads, schools, and a military that keeps the wealthy wealthy……..US citizens are such whiney little bitches…….try being an Afghan about 20 years old.

  • Anonymous

     LOL Reminds me of this:  http://www.youtube.com/watch?v=8srzeIAOJeI

  • Anonymous

    Ya know, the first time that an attempt is made to short /NG it will rocket. Hum, sounds like a plan:)

    FN incredible! Just watching…..

  • Anonymous

     I hear ya but I certainly DO NOT LIKE the trajectory of our Federal Government as they year after year dismantle my rights as promised by the Constitution and the Bill of Rights.  Those who turn a Deaf Ear will get the same when they are being destroyed by a frightened government, lashing at all who stand up for their rights. 

    Yes, Those colonists who fought for our Liberty were whiny little bitches also, I suppose.  I’d say King George has nothing on our current Federal Government when it comes to ability to destroy you, to invade your privacy and Tax you in a 100 ways not even apparent to the untrained eye.  I government is rotten to the core and We need to clean it up not stick our heads in the sand and say, “Well at least it’s not the worst.”

  • Anonymous

    House of Pain dude…House of PAIIIIIIIIIINNNN…

    NG still scars me…You still in AUD/JPY? 

  • Fibz

    I’m actually finding myself gravitating towards Russia. Funny, a whole 180 in sentiment from the generation(s) before me.

    http://www.jameslist.com/advert/411508/for-sale-exquisite-contemporary-style-property

  • Anonymous

    im sure kaiser does not care, or has any feelings for a trade ;) Besides I took it very early today.

  • Anonymous

    Reason for a not so bearish may-october. 
    http://sentimentrader.com/blog/archives/144

  • Anonymous
  • Anonymous

    I think today’s action supports your thesis. The late day bounce and the fact that EUR/JPY, AUD/JPY, EUR/USD didn’t break down AND DX still seems to be stuck in a rut.

    With some of the aforementioned pairs bouncing as we speak, we’re possibly rallying into the Fed meeting (buy the rumour), only to have the Fed say something that upsets the market. (sell the news)

  • http://twitter.com/angrybear168 jimmy

    anyone took the aud/jpy short?

  • Anonymous

    I don’t think I will. Granted…it is on the 60 min but there’s no corresponding 5-min and its only 2 stars. I’ll wait and see. Maybe a stronger signal will come out as the Asian session progresses. I’m not quite robotic with these trades, maybe I should be, but still coming around to understand how to use them.

  • Anonymous

    Of course that would’ve been a quick 15 pips…but the night is still young. That signal is looking good for now.

  • http://twitter.com/angrybear168 jimmy

    yep still looking for a pullback maybe i can enter

  • Anonymous

    http://content.screencast.com/users/AMCabrera/folders/Jing/media/8c694836-e0ec-4d8a-9b9d-8cbe5cb98924/2012-04-19_2114.png
    Ok idea. Going short GBP/USD. Im sure many will want to start going long this pair when it starts falling..

  • Anonymous

    Given the look of that order book, I’m guessing any dip will be bought as underwater shorts look to cover…

  • Anonymous

    I know that is a bit of a concern. I could envisage if it reaches 1.5700 it could change momentum

  • Anonymous

    You’re such a good patriot and yeah it would suck being an Afghan living in fear that a Yankee is going to cap you at any moment for no reason whatsoever.  My response is fuck our Totalitarian Kleptocratic Fascist Police State!

  • Anonymous

    I’ve been debating taking this position over and over again the past 48 hours but got distracted with the AUD/JPY short. Now that that’s off the table, I’m looking again. 

    What concerns me is the orderly march upwards that this has had. Every European open has seen a spike up and its not like the Dollar has been rolling over either…
    Nevertheless, I have an order since this morning at 1.6075, just debating whether or not to bring it in.

  • Anonymous

    Im still running that EUR/JPY. So a nice mix IMO. So it looks like I might have to half that sell order in AUD/USD and put half into a GBP/AUD long.

  • Anonymous

    Part of me regrets picking the AUD/JPY over the AUD/USD as my short last week but I figured avoiding an overlap with my long USD/CAD might’ve been wise. 

    I got out of EUR/JPY at 107 when it wasn’t breaking down and just ran with my 20 pips after re-thinking my double exposure to Yen. 

    Now that I’m out of USD/CAD, AUD/USD is an option again…unless of course this GBP/USD trade triggers…then I’ll have to rethink my risk management.

  • Anonymous

    Not so sure if we’ll get that pullback. It’s breached the NLSL of 84.25 on the hourly…

    Crap, it’s back at the level I covered this afternoon at 84.16

  • Anonymous

    I moved away my b/e stop in the EUR/JPY because I did not feel like picking another spot to re-enter. Yes, the same  happened to me for a while with the AUDJPY back in the 87-88 region days. The AUD/USD looked so much better and easier, still is a easy pair IMO. Be careful my friend with that cable trade. I would not tolerate much loss on that pair.

  • Anonymous

    Do you use the 30,1 30,2 BBs on all pairs? 

  • Anonymous

    No. I use different ones. A  50,2.5 70,1,70,3 combo and sometimes I look at 100,2 

  • Joe_Jones

    I can’t believe the man gave her only 30$ and try to get away with it.
    Cheap fuk
    http://www.nydailynews.com/news/politics/secret-service-colombian-hooker-scandal-escort-explosive-scandal-article-1.1064287

  • Anonymous

     Thanks, I’ll have to experiment with those.

  • Anonymous

    BTW – I thought you had a long view on this pair at the end of the day! Or were you still holding your short from the last signal?

  • Anonymous

    Amen.

  • Anonymous

    A jerk is a jerk regardless of where he is, what he does for a living and how much money he has.

    Lipstick on a pig.

  • Anonymous

    Yes we do need to clean up government. I agree with your premise, and you have my vote.  (I currently hold an appointed position in my township, and have a reputation for being fair and reasonable.)

  • Anonymous

    It’s a good thing he saved that money. I’m sure he feels it was worth it ;-)

  • Fibz

    Girls who look better than that are only $50 in amsterdam. $30 in colombia sounds about right.

  • Joe_Jones

    You sound like you have an opinion.

  • Fibz

     Well he shouldn’t have to pay her any extra just because he has some “celebrity” job.

  • Joe_Jones

    Ha! No more dark glasses, suits and bungabunga! Back to being a jerk…

  • Anonymous

    Agree! In Australia the taxes are high but the standard of living is incredible.

  • http://twitter.com/angrybear168 jimmy

    anyone trading currencies tonight?

  • jacksoo

    very expensive you mean – - -Aus used to have great standard of living but is now very expensive compared with other nations

  • Anonymous

     yep

  • Skates

    She’s actually not bad looking…

  • Anonymous

    AUDJPY has not gone anywhere for days. Still short and waiting for a direction:)

  • Anonymous
  • jacksoo

    ITS OFFICIAL – THINK OR SWIM ARE THE WORST EFFING COMPANY TO TRADE WITH.  I’VE SHOWN THEM UNBELIEVABLE PATIENCE WITH ERROR AFTER ERROR THAT THEY HAVE MADE OVER THE LAST TWO YEARS AND STILL THEY STOOP TO NEW LOWS. LET ME ADVISE ANYONE OUT THERE – -DO NOT SIGN UP WITH THESE MORONS THEY WILL COST YOU MONEY AND TREAT YOU LIKE SH*T.

  • Anonymous

    I agree….it seems temporarily range bound in the area of 83.90-84.70. Reloading short soon…

  • Schwerepunkt

    Drew,
    Canadian CPI: core in line, but a miss by the headline. 

    USD.CAD rallied a few pips on that. Can we expect a follow through to parity on that? 

  • MonkeyBusiness

     I also use TOS, anyone have recommendations for a good Futures broker?

  • http://practicalt.blogspot.com/ Darth_Gerb
  • Anonymous

    1380 volume hole…again!

  • Anonymous

    Personally, I think their customer service is great… 

  • Anonymous

    I’m not sure that’s gonna do much. Carney has long stated he’s not going to be way out of sync with the US on rate hikes. We saw the BoC be one of the first central banks to raise rates alongside Australia but just look now, the C$ is below par relative to the Aussie, a good sign that markets are expecting Carney to keep his word.

    Full disclosure..I got out of my USD/CAD long yesterday at 0.9950 (hit my trailing stop).

  • Anonymous

    Central banks dont control rates. Markets do. Carney has no clue what the rates are going to be.

  • Anonymous

     USD/JPY bump.

  • Schwerepunkt

    We still have a trend of rising lows and higher highs since March 1. My greatest longterm “wish” is for USD.CAD to rise to at least 1.25 and then remain in a 5-cent band plus or minus that level. For my personal financial situation, that would be ideal.

  • Anonymous

    You’re not the only one in that boat…a lot of Canadians are probably feeling the same. The one good thing with a strong Loonie is that travelling has become alot more affordable! Especially in Europe! XD

  • Anonymous

    SToPped out of GBP/USD. I had my stop for the eur/jpy at 108.10 looks like it is still there. With the AUD/USD I really have no interest in entering in the .0300 handle. ONe above at .0400 and below at .0290 (no longer at .0300). Im gonna give this GBP/USD short another go. UPDATE: It seems that the S&P is doing the obvious so far.

  • Anonymous
  • Anonymous

    The spike on the Euro open on GBP ate up my order..but I’m kicking myself for calling a spike and not setting a better entry.

    Waiting AUD/JPY out for 84.65…or EUR/JPY at 108.

  • Anonymous

    And here we go…another OPEX day is about to begin!

  • Schwerepunkt

    Central bankers seem to disagree with you. 

  • Anonymous

    I think the better way to frame it is that they can’t control rates in the long haul if markets want to go a certain way, but they can definitely cause headwind or help promote things. But in the end, what the market wants is what the market gets.

  • Anonymous

    You referring to the whole “Let’s touch SPX 1380 once again and some before we pull the rug”?

  • http://iberianviews.blogspot.com/ catracho

    Cable SHOULD have tough time breaking through 1.62 (1.6180).  If it doesn’t make a serious move down form here then may be building for attack..but short seems low risk (close stop)

  • Anonymous

    Yes sir. 

  • http://iberianviews.blogspot.com/ catracho

    cable vs Dow..not sure if there is anything to see.

  • Anonymous

    Yea, I figure this is like the opposite of my long attempt a few weeks ago (never did try again). This is about where I would have like to start going short. Like you say low risk at an attempt to short here.

  • Anonymous

     Love the Pic

    I probably played that model at one time or other, looks familiar

  • Anonymous

     That is true  . . . in a free market.  But we don’t have that at least in the US home QE1 & 2, Twist etc

  • Anonymous

    A contract is a contract.  Especially when she is selling her body. Don’t be chintzy scheiss

  • http://iberianviews.blogspot.com/ catracho

    Gold and Silver not benefiting from dollar weakness..

  • Anonymous

    Stopped out of Cable, pulled into AUD/JPY. Now removing EUR/JPY order.

  • Anonymous

    Cable is still going strong. I’m thinking about shorting at the upper Bollinger, but there’s a lot of momentum in play right now and now signs of weakening. We’re probably even going to trigger that weekly NLBL. That could even lead us to the 100-week BB at 1.6678, however, there’s a monthly NLBL at 1.6129 and the 50-month SMA is at 1.6315. It’s probably better to wait for the strength to fade an re-evaluate the situation then.

    This whole Dollar situation looks atm like it could resolve to the downside for the Buck. EUR/USD just broke the 25-day and 50-day SMAs. This thing needs to reverse in the near future or bearish bets should be off the table for the time being.

  • volar

    ok u have to admit that ZH did a good job with EBT cards

    http://www.zerohedge.com/news/your-ebt-card-has-been-denied-700000-are-about-lose-their-extended-jobless-claims-benefits

    man that video is funny, but all too real- only 47mil. people have a EBT cards

  • http://evilspeculator.com molecool

    What happened??

  • Anonymous

    Yet another example of Bond Bull strength.

    Lately every time there is an early sell off in bonds and likely rally in stocks, the bonds start eating away at that sell off.   Today they have already surpassed their highs for the sessions when they should be near their lows as the equities are still near their highs.  Clear clear Divergence again  . . .  I take this as another sign that next week on the Bradley turn day of Monday we will begin the next leg down . . . Bonds aka The Smart Money are saying so every chance they get

  • nyse

    Dude I was dying with that video. So clown.

  • http://iberianviews.blogspot.com/ catracho

    yes can be a wild animal…!  Seems like it could run a bit further if only to scare the short sellers

  • Anonymous
  • Anonymous

    DarthT, what price-level, or scenario would cause you to review your primary belief, or is there no turning back :-)

  • Anonymous

    Be wary of cable. I’m still running the new short but I have very little confidence in this trade.

  • http://pulse.yahoo.com/_IF7HINHIP5ITYT6TDHACMWJUXQ Huisok

    still in the 1360-1390….

  • Anonymous

    I’m not short yet and I wouldn’t open a new position right now because of strength and expanding range. But I’ve found that Cable likes to spike to a line of resistance and then pull back immediately. If you catch that move at the right moment, your position can be in the green very quickly and give you some room to breathe and likely a bit of a move in the right direction. Those are high probability entries with minimal risk.

  • tradingmom

    Triangle on the 5 min :-)

  • http://pulse.yahoo.com/_IF7HINHIP5ITYT6TDHACMWJUXQ Huisok

    and that 1244 line looks so right in the midterm….  and GG’s retribution T looks right as well, but the market will do what it wants….

  • Anonymous

    Had to do a double take but yea it seems to be there…guess me might break out of this range…

  • Anonymous

    You could also make the case for a support line on the ZL from yesterday’s low…

  • Joe_Jones

    well spotted TM

  • Anonymous

    Gap-n-Nap…TICK has been positive 80% of the day and EMA’s haven’t been below zero: yet, we’re only 4 handles higher than open? Tape painting at it finest, I guess.  Looks like the MM’s have the markets where they want them and are only buying enough to keep it levitated here. Movement to commence once the last trader has dozed off.

  • volar
  • Anonymous

    Short /ES right here. 5 min div looks good:)

  • volar

    FWIW double inside day on RBOB M

    if she takes out the HAMMER low she is fubar IMO

    WTI RBOB crack swaps  for JUL at 24ish will go same way….

     

  • Anonymous

    Coincidence that sweet spot for SPY options expiry is 138/139?

    Don’t think so =)

  • Anonymous

    Good. Until it can get back into sucker territory which would be 1400 we are still looking bearish and ranging like Huisok said.

  • Anonymous

    http://content.screencast.com/users/AMCabrera/folders/Jing/media/10a6a4a8-0df7-42de-a981-0e2e2ea4dc53/2012-04-20_1247.png
    You can see that the price action still fails to get out of that danger zone of vicious bear attack.
    http://content.screencast.com/users/AMCabrera/folders/Jing/media/3783ad07-fbd2-465e-ba1a-02d85b2ff0fc/2012-04-20_1249.png
    weekly chart is the only one that makes me wonder if we have build a base here. Obviously failure here would be very bad for bulls. If not then onward to that boring herding bull market.

  • Anonymous

     SPX ranging between converging ascending and descending trendlines drawn from April 2 to present, and inside candle so far today – break to upside or downside should be telling…

  • Anonymous

     Come on. amokta,  I always review my beliefs but in this case the bond market keep reinforcing them so I make another post.  And these markets can always turn back be it 20 50 80 S&P points from here up or down.  Just gotta wait and see what happens

  • Anonymous

    Or the Perfect fake out. In fact I might lean towards that . . .

  • Anonymous

    Good news is: if we don’t all die out of boredom today, we will likely have an inside day to trade on Monday.
    On the other hand, it’s right around the 50-day SMA and hence less reliable.

  • Anonymous

    SPX 1377-1387.5 = 10.5 pt range…

    Not the best…but not the worst either setup we’ve got LOL…

  • Anonymous

    MWAH! Good Bye MF:)

  • Anonymous

    I missed it but niceeeeeeeeeee call.

  • Anonymous

     Bonds leading the way. 

    Years ago if you were trading stocks you were watching bonds for clues on what is coming.
    Are we returning to those days . . . could be

  • Anonymous

    Should be a nice ride to the bottom:)

  • http://pulse.yahoo.com/_IF7HINHIP5ITYT6TDHACMWJUXQ Huisok

    what’s that 9 month consolidation?

    http://finviz.com/futures_charts.ashx?t=ZN&p=d1

  • Anonymous

    TNA POON’ts are now making money.  I’ll keep these for a while

  • Anonymous

    Yea looks like 1376 is a good target…

    Now if only the Yen will get off the mat and kill AUD/JPY

  • Anonymous

     EBT Opiate of the Masses!

    Here, Y’all take this EBT card while we finish totally eviscerating the middle class for the Elite Class.  Once we’re done we will take them away, and use those 450,000,000 rounds of Ammunition that “Homeland Security” just bought to protect us from ourselves

  • Anonymous

     Dude you don’t know what 4 TRILLION DOLLARS can do and has done

  • Anonymous

    Looking for it to tank here shortly:)

  • Anonymous

    I suspect VWAP test from below, no Zero mark breach and then kaputttttttt…

  • http://pulse.yahoo.com/_IF7HINHIP5ITYT6TDHACMWJUXQ Huisok

    don’t think this thread is going to get to 300 and don’ think spx will close above 1390 today…. will see…

  • http://practicalt.blogspot.com/ Darth_Gerb

    (Triangle Mom)

  • http://practicalt.blogspot.com/ Darth_Gerb

    TAMPOONs usually stop the bleeding.
    hah!

  • Anonymous

     It ain’t the TAMPOONs son it’s the TNA they are associated with . . .

    Yar

  • Joe_Jones

    burp!

  • Fibz

     all those people who bought the AAPL dip a few days ago are in the red now.

  • Anonymous

    Alright…wtf was that ZL spike!?

  • Anonymous
  • Anonymous
  • Anonymous

    Let me reminder everyone that I think the cumulative chart takes away that silly cynicism of “Oh there are the buy,sell orders” rather it shows the buying and selling pressures.

  • nyse

    Yep. AAPL is acting schizo here. Not the time to be long IMO. A lot of resistance above and abyss below. I think if it breaks thru 568 (50d MA) – 564 (23% fib), it should fall to 530 to 515-ish (at least)

  • Anonymous

    above blue oval near obsoleteness  

  • Anonymous

    “RIM Choosing Financial Advisor for Strategic Help [...] AllThingsD is reporting that the smartphone manufacturer is close to choosing J.P. for help in refining its strategy and getting operational help, though that could change. Normally, banks are brought in to help on selling a company or with large investments, although RIM insists that is not the case. Probably true, as no one would buy it, and they have no money to invest.”
    http://pandodaily.com/news/rim-choosing-financial-advisor-for-strategic-help/
    Adding insult to injury.

  • Anonymous

    But I was under the impression that open selling orders served as resistance…if there’s nothing above than isn’t that a sign that there’s nothing stopping a ramp up?

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨ 
    ¨°º¤ø„¸  N E W  „ø¤º°¨ 
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

    So I have to make due with 200 comments, ey? ;-P

  • http://evilspeculator.com molecool

    The Marines are standing by to save the day?

  • Anonymous

     In my view Huisok that is 9 months of Distribution to be followed over the next week or two with a blowoff top to end the 30 Bond Bull Market

  • Anonymous

    VERY good question! Yes you are right. But scan other pairs and you’ll see once that pressure on one side disappears, it reappears dramatically. AUD/JPY and EUR/JPY are good examples.

  • Anonymous

    Hmmm…good point. In a way that would serve as a bait and switch that you see in equities, suck in retail…and then pull the rug from under them.

  • Anonymous

     Thanks Darth!





    Zero Indicator
  1. recent misdeeds

    1. Return Of The Market Mole
    2. We have a potential long setup here, but it sucks
    3. Start of the week
    4. Scott’s market update
    5. TARDIS Trading Techniques
    6. Thursday Morning Briefing
    7. So Far So Good
    8. Wednesday Morning Briefing
    9. Bounce It!
    10. Tuesday Morning Briefing
  2. poll


  3. swag outlet!

    Evil Speculator SWAG Outlet!


    NinjaTrader
    Kinetick

    search warrant