06/27/2015 Weekend Update

[Cobra]

Institutional buying and selling chart from stocktiming shows more distribution than accumulation. This is rare as apparently more up days than down days since June 15, so suppose more accumulation. Now more distribution could mean the market is making a lower high therefore the intermediate-term top was in?

[MrMiyagi]

qqq

[Cobra]

Smart money big short this week. I think the condition 1.) below could be applied therefore it's not good for bulls.


Since there're some arguments about how to read the chart, so it's necessary for me to explain here how I use this chart:

I don't care what's the logic behind the chart. I found it works in the following two cases:

1.) When market up huge, if I see smart money huge short, best if new record short, then I know a short-term pullback is due soon.
2.) When market down, if I see smart money suddenly rises from very negative value, then I know the pullback was over.

So I only use this chart for the above 2 cases. Besides those 2 cases, it means nothing to me. i.e. the absolute value of this chart means nothing to me, I only care if it rises sharply or drops sharply.

[Cobra]

Summary of the week's stock picks.
viewtopic.php?f=10&t=1708&p=194661#p194661

[Al_Dente]

Who is below their bolinger centerline (20-day-simple-moving-average) ?
(red arrows)

[Cobra]

Weekly stock picks are for everyone:
viewtopic.php?f=10&t=1715&p=194664#p194664

[fehro]

INDEX Daily / Weekly Candles

[fehro]

Industry % Weekly

[fehro]

T2 http://www.worden.com/TeleChartHelp/Con ... rs_T2s.htm

[fehro]

Yields

[fehro]

T2 Channels % above/below 200d - weekly | 40d daily

[fehro]

http://www.zerohedge.com/news/2015-06-2 ... -live-feed

EU finance ministers will convene in Brussels tomorrow and it appears as though Tsipras is set to turn the tables by threatening to effectively put euro membership to a popular vote.

GREECE'S TSIPRAS SAYS CREDITORS POSED ULTIMATUM TO GOVT
GREECE'S TSIPRAS SAYS CREDITORS PROPOSALS ARE AGAINST EU RULES
TSIPRAS SAYS CREDITORS AIM TO HUMILIATE GREEK PEOPLE
TSIPRAS SAYS WILL CALL REFERENDUM ON GREEK DEAL WITH CREDITORS
TSIPRAS GREEK REFERENDUM WILL BE HELD ON JULY 5
TSIPRAS SAYS HE NOTIFIED MERKEL, DRAGHI ON REFERENDUM PLAN
TSIPRAS SAYS GREECE IS, AND WILL STAY PART OF EUROPE
TSIPRAS SAYS GREECE NEEDS TO SEND DEMOCRATIC RESPONSE TO EU


Should be an interesting short holiday week.. next week. Friday markets closed, Refrendum on Sunday.. Monday July 6th could be a wild day.

[Al_Dente]

No deal
Referendum is moot
Official “Eurogroup statement on Greece” today:
http://www.consilium.europa.eu/press-re ... 986_en.pdf

[BullBear52x]

No deal
Referendum is moot
Official “Eurogroup statement on Greece” today:
http://www.consilium.europa.eu/press-re ... 986_en.pdf

I'll be little upset if my favorite bar only take cash, no vino

[BullBear52x]

There will be a bounce, it always does.

[MrMiyagi]

zorba

1170.png (4.13 KiB) Viewed 3550 times

[Al_Dente]

twitter.com/tsipras_eu

[Al_Dente]

Greek crisis news updates every 30 seconds if you select “ON”
http://www.telegraph.co.uk/finance/1170 ... evels.html

[fehro]

The attachment 1170.png is no longer available

Depending on how the market makers want to play this/twist this .. big deal or not a big deal.. some lower targets if they want to push it hard to the downside.. seems like the market has been barely trending water for the last 6 months.. so this may be the catalyst to switch the trend... only time will tell.
possible better support much deeper fwiw.

/ES W/D + SPX D

[BullBear52x]

What we learn from Cyprus?
http://abcnews.go.com/Business/cyprus-c ... d=18782212