how do you see the dow index going today Dow Jones and S&P commentary: Signal Watch Dr Bob Hard Right Edge Raptor Research Charting by Snoball: Dow Chart S&P Chart Drinks & Break Time at: GD's Famous Tea Room & Watering Hole"

DOW JONES @ LIVECHARTS

afternoon everybody:
The futures are looking weak and have been ski-ing down the slopes of the ftse.
Are we also going to Ski down the slopes on the dow today?

as usual we shall let the market dictate our actions.

rgds
zarif

The disappointment in first quarter U.S. growth weighed. The U.S. economy grew at a 4.2 percent seasonally adjusted annual rate in the first quarter. Economists were expecting growth of around 5 percent, according to a survey conducted by CBS MarketWatch.

GDP is up 4.9 percent in the past four quarters, the biggest gain in 20 years. Inflation measures jumped. The dollar held gains but moeved off a bit from highs.

Separately, the U.S. weekly jobless claims fell 18,000 to 338,000.

closed the short earlier and am long atm.Going with the flow.

rgds
zarif

closed the long out in profit -just having a cuppa tea now.

Dow seems to be using 10,400 as resistance for the last two days.
This seems to equate to about 1128 on the S@P.

US data was Goldilocks data, not too hot and not too cold.
So another reason needs to be found for the market to move
out of this range. Probably the Fed meeting on Tuesday?

It might even test the recent lows if it keeps tracking down like this.

Melnibone.

Mel: nice to have u back.
It was awfully quiet on here today.
Snoball -come back all is forgiven -we will order the Ym to do as you bid.

Just scalping today and going with the flow today melnibone.

rgds
zarif

Small scalp on the S@P, looking for another one or may try
the NDX.

Melnibone.

good luck melnibone.
same as u just scalping -in and out quick.
so far so good

rgds
zarif

Jumped for a short ski down trip atm.

S@P only 1 point away from a 4 box reversal on the P@F
chart at the moment.

Edit: Amended that to a 4 box reversal from the 3 that I
put in error.

Melnibone.

Just got off the ski trip down and watching to see how much it climbs.

rgds
zarif

S@P and Dow slide halted at S2.

EMA rope and other indicators still showing down.
We're actually below the 'Greenspan Effect' lows
of last week.

This may not stop until S@P/Dow 1100/10200 the way it's
going.

Melnibone.

melnibone;
managed the short and got out in good profit then took a daily long and it was in credit by abou 80 went to refresh the site and guess what the capital spread site went down -shit anyway should have closed itself out in profit.

rgds
zarif

good nite and we will do it all again tomorrow

Yeah, it went down just as I was about to open a
long on the S@P as my indicators showed a possible last
10 min pullback. Couldn't get my position on.

Melnibone.

X

1160

X

X

O

X

1150

X

O

X

O

X

O

1140

X

O

X

O

X

O

1130

X

O

O

X

O

1120

X

O

X

O

1110

X

O

X

1100

X

O

1090

X

1080

X

1070

X

X

1060

X

X

O

X

1050

X

X

O

X

O

X

1040

X

O

X

O

X

O

1030

X

O

X

O

1020

X

X

X

O

X

1010

X

O

X

O

X

O

X

1000

X

O

X

O

X

O

990

X

O

X

O

X

980

X

O

O

970

X

960

X

950

X

940

X

930

X

920

X

910

X

X

900

X

X

O

X

890

X

O

X

O

X

880

X

O

X

O

870

Latest S&P update. We're still in the noisy range but nearer the bottom of

it than the top. Swing chart isn't giving me any signals either. Can't tell whether

to look for long or short signals so continuing to just scalp until it all resolves itself.

Melnibone

afternoon everybody:
Are we going ski-ing down the slopes again today or mountain climbing?

KEY EVENTS TO WATCH FOR:

8:30 AM ET. Personal Income (expected +0.4%; previous +0.4%)

8:30 AM ET. Personal Spending (expected +0.7%; previous +0.2%)

9:45 AM ET. Final Univ. of Michigan Sentiment (expected 94; previous
96.8)

10:00 AM ET. Chicago Purchasing Manager's Index (expected 60.0;
previous 57.6)


The STOCK INDEXES & MARKETS

The June NASDAQ 100 was slightly higher in overnight trading due to
light short covering but remains below the 40-day moving average
crossing at 1448.85 and last week's low, which has opened the door for a
larger-degree setback into early-May. Stochastics and the RSI have
turned bearish signaling that sideways to lower prices is possible near-
term. The June NASDAQ 100 was up 1.00 pt. at 1437 as of 6:38 AM
ET. Overnight action sets the stage for a steady to firmer opening by the
NASDAQ composite index later this morning.

The June S&P 500 index was higher in overnight trading due to short
covering and is working on a possible inside day as it consolidates some
of this week's sharp decline. Stochastics and the RSI have turned bearish
signaling that sideways to lower prices is possible near-term. Multiple
closes below last week's low crossing at 1154 would renew this month's
decline into early-May. The June S&P 500 Index was up 2.60 pts. at
1116.80 as of 6:39 AM ET. Overnight action sets the stage for a steady
to firmer opening when the day session begins later this morning.

managed a quick long and short on the dow atm -just following it.

rgds
zarif

closed the short earlier took along and closed that now. just watching to see how far up it goes than short again.
rgds
zarif

managed 2 longs and 2 more quick scalps.
Dont know what its going to do for the last 2 hours -just watching and having a cuppa T at the moment

What happened there to spook the Dow