intraday chart on aapl, looks like its done going down for the day.

you called that one!

Yeah, that's steveo, he's got his own thing going on!  Always wanted ask him about it.

gold itself is starting another move up, though, so GDX may break the inv h/s neckline.  Oh, actually it just did.

watchlist idea

thanks Steve, I did manage to catch this one for a quick trade.

speaking of BPT charts, AVID broke yesterday and back-tested today.  Watch tomorrow for a hold above today's low.

Wow.  I bought on the break and sold near the high on the 18th for a gain.  Should have kept an eye on the chart.  I thought that one was over!

There's no MACD divergence on the 5 or 10 min charts.

currently backtesting the downtrend line that was broken this morning.  Steve are you looking to enter around here?

Yeah, it's nice to have that early information.

Technically, BAC crossed below its 200dma last week.  That may be weighing on it.

Matt, the 15-minute SPX chart broke above 20 on the three stochastics - 60, 89, and 144.  They had been below 20 for the last two sessions

Actually, breaking just above it at the moment.  60 min chart.  See Matt's post on OIH from last week.

If the past S&P price action is any guide (June 2010, Aug 2011), on a daily chart we may get a higherlow after the initial bounce, then a higher high vs. the initial bounce. The lower low would be after all that.

I'm also keeping in mind the Democratic Presidential re-election stats in which the markets would make a new high in June vs. the April high. If that happens we won't see a lower low for quite a few weeks.

Nice chart, right in line w/ Matt's NYMO chart in terms of looking for a lower low after a bounce.  Maybe Swenlin is a BPT subscriber? 

I was wondering  the same thing.

Matt do you see at least a quick bounce as likely just above 1292.66?

Same potential inv H&S forming on AAPL.  5 min chart.

Possible inv H&S on SPY 5-min chart.