12/16/2014 Live Update

[fehro]

SPX invs RS zone…if it holds.. and breaks yellow neckline.. look for 2050ish

[BullBear52x]

My precious metal buy decision comes from two charts which answer two different questions.

The first goes to the question: Which do I buy, gold or silver? The answer comes from the ratio, which goes through regular cycles. Above the middle line is your "buy silver" zone and below is your "buy gold" zone. We are currently in an environment that will favor silver over gold when the TIME is right to buy gold.

The attachment sc (12).png is no longer available

The second question is: WHEN do I buy precious metals? The answer comes from the correlation between gold and silver. When it drops to the lower line, you buy precious metals or look for entries. We're not there yet, although I am starting to see the weekly corr drop a little bit now.

The attachment sc (13).png is no longer available

GLD is still on the buy mode, caution at the moment but no sell, a trade >116(edited 116 not 110) will be screaming buy to challenge top fan wedge or break out all together, weak now but not a sell. IMHO

[Al_Dente]

191.png

interesting that p-bar is at the exact price of all the block trades this morn
https://twitter.com/search?f=realtime&q ... Y&src=typd

[Al_Dente]

Amazing watching daily SPY struggle to regain the lower bb. Very hard for price to fall below that to begin with, and it wants to set up a home there and buy a puppy....

LOLonthefloorassoff

[Al_Dente]

http://volatilitymadesimple.com/blog/

[BullBear52x]

Come2papa buy. stick to what works until it doesn't. tick tock tick....

[Cobra]

vol surge, might be a rebound here first then we'll see, probably another leg down.

[ballatines]

191.png

interesting that p-bar is at the exact price of all the block trades this morn
https://twitter.com/search?f=realtime&q ... Y&src=typd

how to interpret the block trade/p-bar price always get hit intra-day? or just random?

[MrMiyagi]

spy

[K447]

... a trade >110 will be ...

< perhaps?

[Al_Dente]

5min internals

[BullBear52x]

1985 finally shake out me thinks, well, that is where the buy should be, wish me luck.

[FlowerGirl]

Time to build XIV position for a +20% rally...starting now...

First lot IN.....

[Al_Dente]

191.png

interesting that p-bar is at the exact price of all the block trades this morn
https://twitter.com/search?f=realtime&q ... Y&src=typd

how to interpret the block trade/p-bar price always get hit intra-day? or just random?

NOT always hit intraday
sorry
MrMiyagi will have a better answer on p-bars, and flowergirl will have a better answer on block trades

[BullBear52x]

do or die

[Al_Dente]

ballentines: I did find "rules" on WHEN blocks have to report (there are plenty of exceptions, and I'm sure HTFs exploit any/all loopholes) FWIW:
“NYSE Rule 131 specifies that trades must be reported within an hour after the close of business on the day the trade was made."
“Under FINRA Rule 6380B, trades executed during normal market hours (i.e., between 9:30 a.m. and 4:00 p.m. ET) must be reported to the Consolidated Tape (the “tape”) within 30 seconds of execution (unless the transaction involves restricted equity securities…). Trades executed outside normal market hours and during the hours the relevant reporting facility is open must still be reported within 30 seconds of execution."
http://media.mofo.com/files/Uploads/Ima ... ements.pdf

[MrMiyagi]

No matter how much you dissect all the HFT trades, block trades and all that jazz, it still doesn't answer this:

Why do prices gravitate to pBars and why do they very often bounce or dance around that target after hitting it?

[fehro]

SPX.. still messy.. invs H&S toastish… some line.. cyan channel should we explode higher.. once VIX breaks

[fehro]

No matter how much you dissect all the HFT trades, block trades and all that jazz, it still doesn't answer this:

Why do prices gravitate to pBars and why do they very often bounce or dance around that target after hitting it?

huge block trades.. the line in the sand..

[FlowerGirl]

how to interpret the block trade/p-bar price always get hit intra-day? or just random?

I consider all block trades ending in 000 as a real trade and all odd lot trades as algoes signals. Interpretation of odd block trades has many dimensions and hard to explain as these don't always follow what I think they mean (My decoding is just a best guess of mine). However, taking a trade using price as a target (that is otherwise supported by other means) usually works out. I just took a position in XIV @ SPY 199.58. You can watch this trade to get some ideas (and their possible usage).