08/27/2014 Live Update

[fehro]

SPX 5m.. triangle.. after lunch targets... should see a movement after 1:30pm/2:00pm ET?

[cletus]

This pre-holiday volume is a killer. We've been in steep decline for weeks now. I imagine things will get more interesting after September 1.

[MrMiyagi]

This pre-holiday volume is a killer. We've been in steep decline for weeks now. I imagine things will get more interesting after September 1.

Has not made any difference....

[fehro]

This pre-holiday volume is a killer. We've been in steep decline for weeks now. I imagine things will get more interesting after September 1.

fhttp://www.zerohedge.com/news/2014-08-2 ... their-side

[Daniel]

TLT was trading at 117.88 with decent volume in the pre-market, at about 8:30am. The high of the 30min opening range of premarket is right about where the main session high is (118ish), and likewise the low (117.35--40).

TLT as of this posting is at 117.82.

I suspect that the recent ramp-and-camp daily behavior of US longterm Treasuries is due to strong European buying, as the newly-minted monetization by the ECB is being put to work by Eurobanks.

They help push rates down, because they're flush with cash and nauseous at (literally, they track this quite far back) in some cases 300-year lows in government bond rates. With a 1% German bundt staring one in the face a 2.3% 10yr Treasury looks downright appealing.

[cletus]

This pre-holiday volume is a killer. We've been in steep decline for weeks now. I imagine things will get more interesting after September 1.

fhttp://www.zerohedge.com/news/2014-08-2 ... their-side

Rallies like this on no volume indicate retail involvement, which indicates all or most of it will unwind at some point. In addition, sentiment is actually quite elevated in the ISEE put/call which is the first time in over 2 years I can say that.

[cletus]

This pre-holiday volume is a killer. We've been in steep decline for weeks now. I imagine things will get more interesting after September 1.

Has not made any difference....

A new high without volume confirmation is an amateur trap. The lack of volume only becomes interesting at the new high, not the general trend.

I don't think we're at any kind of important top, but I am expecting a large retracement.

[oldpigwang]

Hi, Cobra, 蛇班：Is this still the pre 4th leg pull back, we'll have 4th leg up after?

[Al_Dente]

new high aapl

[Daniel]

UPS currently at a 5day LO, FDX hit a 3day LO (but not a 5day) earlier in the day. These are considered bellwethers of a certain kind of economic activity. What might this mean, if anything, regarding fourth quarter profits? In conjunction w TLT strength...

[MrMiyagi]

new high aapl

aapl

3544.png (11.15 KiB) Viewed 5530 times

[MrMiyagi]

ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

[uempel]

new high aapl

I never thought aapl could shoot higher than the old all time high at 700. I'm glad I never shorted By the way, we sold aapl at 70 - that was many, many years ago and we had huge gains on the stock. Not in the least did we think .... aapl keeps on fooling me

[fehro]

SPX 5m... crammed into the vortex.. no so sure about that triangle anymore.. need a big move soon

[fehro]

VIX dropping sharply inter day

[Al_Dente]

new high aapl

I never thought aapl could shoot higher than the old all time high at 700. I'm glad I never shorted By the way, we sold aapl at 70 - that was many, many years ago and we had huge gains on the stock. Not in the least did we think .... aapl keeps on fooling me

[Out of Bounds]

ISE 5 times opening long undervalued Index puts as calls = Major Market Down

http://www.ise.com/market-data/isee-index/

What do you mean by "Major"?

Rank above Captain;

Downward move more than expected by majority

Well, that was just a Second Lieutenant.

[fehro]

SPX 5m, 15m.. careful... as FED is meeting Sept 3 to discuss liquidty requirements.. just before Draghi Sept 4th

[Varaha]

I am out for a walk. bearish wedge.

Thank you, BB, your charts are very helpful.

[jungle trunks]

is there some news creating this drop?