DOW 15,303.10 0.06%

NASDAQ 3,459.14 -0.01%

S&P 500 1,649.60 -0.06%

VIX 13.99 -0.57%
SPX 500 (CFD) 1,651.60 0.12%

DOW (CFD) 15,315.00 0.08%

NASDAQ 100 2,993.40 0.08%

EURUSD 1.294 0.02%
UK 6,654.34 -0.63%

GERMANY 8,305.32 -0.56%

FRANCE 3,956.79 -0.26%

SPAIN 8,264.60 -0.95%
H. KONG 22,618.70 -0.23%

JAPAN 14,568.00 0.58%

KOREA 1,973.45 0.22%

SHANGHAI 2,288.53 0.57%
NAT GAS 4.22 -0.96%

GOLD 1,385.50 -0.45%

SILVER 22.31 -0.83%

COPPER 3.29 -0.17%
FRANCE 2YR 0.19 -10.90%

GERMAN 2YR 0.00 -120.00%

ITALIAN 2YR 2.18 27.59%

SPAIN 2YR 2.81 8.21%
FRANCE 10YR 1.94 0.31%

GERMAN 10YR 1.43 -0.90%

ITALIAN 10YR 4.14 2.68%

SPAIN 10YR 4.42 2.91%
WTI 94.15 -0.11%

BRENT 102.78 0.33%

WTI/BRENT 8.63

321 CR SPR 21.96 10.04%

Intraday Look and Analysis: Brazen Moves

By chessNwine – Fri Aug 31, 2012 1:17pm – 3 Comments

Despite the intraday volatility today, the 5-minute SPY chart below indicates that the opening move from this morning remains largely intact. On this unofficial final summer Friday in August, the easy move is to dismiss all price action as being trivial. However, underneath the surface there are considerable tight bases still being built, not to mention more than a few giving it a go at breaking out today.

Bulls still need a breakout above $142 here, while bears want to crack us back below $140.20.

____________________________________

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3 Responses to Intraday Look and Analysis: Brazen Moves

OG says:

August 31, 2012 at 1:43 pm

Any thoughts on SLV? Want to get in but now looking a little OB?

chessNwine says:

August 31, 2012 at 4:45 pm

Need to look deeper this weekend. I’ll be discussing SLV in my weekly strategy session for sure.

OG says:

August 31, 2012 at 5:35 pm

Thanks Chess.

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Major US	US Futures	Europe	Asia	Commodities	2yr Euro Yields	10yr Euro Yields	Oil
DOW 15,303.10 0.06% NASDAQ 3,459.14 -0.01% S&P 500 1,649.60 -0.06% VIX 13.99 -0.57%	SPX 500 (CFD) 1,651.60 0.12% DOW (CFD) 15,315.00 0.08% NASDAQ 100 2,993.40 0.08% EURUSD 1.294 0.02%	UK 6,654.34 -0.63% GERMANY 8,305.32 -0.56% FRANCE 3,956.79 -0.26% SPAIN 8,264.60 -0.95%	H. KONG 22,618.70 -0.23% JAPAN 14,568.00 0.58% KOREA 1,973.45 0.22% SHANGHAI 2,288.53 0.57%	NAT GAS 4.22 -0.96% GOLD 1,385.50 -0.45% SILVER 22.31 -0.83% COPPER 3.29 -0.17%	FRANCE 2YR 0.19 -10.90% GERMAN 2YR 0.00 -120.00% ITALIAN 2YR 2.18 27.59% SPAIN 2YR 2.81 8.21%	FRANCE 10YR 1.94 0.31% GERMAN 10YR 1.43 -0.90% ITALIAN 10YR 4.14 2.68% SPAIN 10YR 4.42 2.91%	WTI 94.15 -0.11% BRENT 102.78 0.33% WTI/BRENT 8.63 321 CR SPR 21.96 10.04%