06/15/2015 Live Update

[BullBear52x]

BBRY with a nice bounce off oversold level

I know you've been talking about BBRY a lot.

My take, short term could not hold above 5 DMA is bearish.

Mid term has been on sideways far too long and might even fall back under the range, not pretty

.long term is bearish and over sold like you said. but it's very dangerous to play on the long side here.

[fehro]

SPX possible channel resistance.. if not a tad higher?

[BullBear52x]

Intraday, a trade under 2084 this time the HOD is done.

Long term a trade under 2079.5 will close out all the longs

[Jennyahwu]

GOLD ... as per Friday, and over the weekend.. /GC over the 20d could see a sharp pop to 200d.. probably afterhours, or overnight.. again as per usual.. try to let the least amount of people into the trade..

today , gold pops up to 1188, does it confirm the gold will reach 118$ soon in 5 days? is it a dead cat or trend change into uptrend?
Fehro, can you make some comments? thank you again.

[Daniel]

In Asia, here's a quick update

Thx for keeping an eye on things from Asia.



Likelihood of range-busting moves pre-Fed is pretty slim, imo.

[Daniel]

IBB, XBD fresh hod, (some leading equity sectors);

tlt red, fresh lod. Has given up its sizeable gains of the day.

[fehro]

GOLD ... as per Friday, and over the weekend.. /GC over the 20d could see a sharp pop to 200d.. probably afterhours, or overnight.. again as per usual.. try to let the least amount of people into the trade..

today , gold pops up to 1188, does it confirm the gold will reach 118$ soon in 5 days? is it a dead cat or trend change into uptrend?
Fehro, can you make some comments? thank you again.

/GC is testing neckline, with resistance just above at 20d 1189.70, 20w 1194.0, 50d 1194.80... so .. "IF" the pattern plays out.. which at this time looks pretty good... I would not be surprised of a sharp move up over all the resistance..moving averages.. would seem what most people would least expect.. but could get stopped cold in it's track at the 20d. And as I mentioned before.. I would not be surprised if the bigger move, if there is one.. late tonight. Over 20d,50d.. odds favor a 200d tag .. 1210 by end of week sounds doable, but needs to get over the ma's/neckline

[Cobra]

vol surge, hopefully a rebound here first then we'll see.

[Out of Bounds]

BBRY with a nice bounce off oversold level

I know you've been talking about BBRY a lot.

My take, short term could not hold above 5 DMA is bearish.

The attachment 3.PNG is no longer available

Mid term has been on sideways far too long and might even fall back under the range, not pretty

The attachment 1.PNG is no longer available

.long term is bearish and over sold like you said. but it's very dangerous to play on the long side here.

The attachment 2.PNG is no longer available

I'm betting that this is the low end of a very long range with a turnaround in sight.
I'll get a much better idea next week when Earnings come out Tuesday morning.

[brokebybernacke2]

Welcome back, good to see all the downside ones were filled this morning.

Thanks, yep those targets got taken out all at once.

welcome back and a lot of missing "power hour" posts

Thanks, watch this space at 15:00est

And don't forget, it's FOMC Wednesday

an oldie , would surprise bullies...

http://www.businessinsider.com/r-reuter ... 15-2014-11

[fehro]

crazy little pop there .. on volume.. SPX ..

[Out of Bounds]

NEWS: Mon 15 Jun 2015 17:52:17 GMT Author: Adam Button | Category: News
Author: Adam Button
More evidence that Europe is preparing for a Greek default

Eurozone countries have reached a Greek emergency plan, according to Sueddeutsche
__________________________
Headline only

[Cobra]

NEWS: Mon 15 Jun 2015 17:52:17 GMT Author: Adam Button | Category: News
Author: Adam Button
More evidence that Europe is preparing for a Greek default

Eurozone countries have reached a Greek emergency plan, according to Sueddeutsche
__________________________
Headline only

The sudden spike we see is because of this? it's not phantom bar.

[BullBear52x]

A penny Lower than today's LOD will rushing all the EW chartists back to the drawing board.

Any hoooo GS who know a thing or two about the market is not close to being bearish. until this buy fail will it be bearish.

[Out of Bounds]

NEWS: Mon 15 Jun 2015 17:52:17 GMT Author: Adam Button | Category: News
Author: Adam Button
More evidence that Europe is preparing for a Greek default

Eurozone countries have reached a Greek emergency plan, according to Sueddeutsche
__________________________
Headline only

The sudden spike we see is because of this? it's not phantom bar.

The spike is not a phantom bar. It was across a lot of stocks.
Robots read the headline and they all did their thing but they weren't in agreement evidently.

[BullBear52x]

Institutional index and DIA last stand for da bulls.

High yield, a trade below 88.5 will resume its down long term down trend.

[DellGriffith]

Daily SPY:

We are confirmed in wave C down. The correction has a look of wave A down to June 9th, wave B up to June 11th, and now a wave C down that has rested the June 9th low in the form of a double bottom.

Wave C doesn't have to end in a retest. SPY could just keep dropping.

The stokes might give us a clue since they seem to be working this correction. Both the slow and fast stokes I'm looking at went oversold right at the terminus of wave A down. They both popped and went over bought almost at the terminus of wave B up.

An idea is to start entering longs when both stokes go oversold again, which could mark the end of the correction. Doesn't always work though.

Also, our options are either an ABC correction or an ABCDE correction, the V bottom is out, but that doesn't mean we end with C. We'll see. See you later.

[BullBear52x]

More on Long term HYG, do or die. see 2x spikes, the end of long wick tail of weekly?. Peace out!

[Cobra]

for not chart pattern favors bulls as the blue line has been tested many times.

[fehro]

messy... upper channel.. holding.. possible horizontal resistance a tad higher.. choppy till end of day?