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07/23/2015 Live Update

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Cobra
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07/23/2015 Live Update

Post by Cobra »

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2nd test of the pullback low, bears need decisively break the blue line below otherwise the low was in.
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Cobra
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Re: 07/23/2015 Live Update

Post by Cobra »


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fehro
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Re: 07/23/2015 Live Update

Post by fehro »

SPX .. mind the lower open gap.. and the 50d/20w range 2102-2098. .. messy H&S RS could be in, or could neckline lower and then bounce and RS.
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QED
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Re: 07/23/2015 Live Update

Post by QED »

Worth watching: S&P 500 tail risk increasing …

CBOE Skew Index ($SKEW) = 130.41

http://www.cboe.com/micro/skew/introduction.aspx

.
fehro
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Re: 07/23/2015 Live Update

Post by fehro »

fwiw.

If this sounds suspiciously like US' own plunge protection team, it is because that's precisely what it is. This is how Bloomberg presented it: "China has created what amounts to a state-run margin trader with $483 billion of firepower, its latest effort to end a stock-market rout that threatens to drag down economic growth and erode confidence in President Xi Jinping’s government.


http://www.zerohedge.com/news/2015-07-2 ... r-8-stocks
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gappy
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Re: 07/23/2015 Live Update

Post by gappy »

Bears will need to break the fx manipulation. Big pump this morning.
Capture.PNG
But just in case, JPM in Japan makes excuse, about 2:40 in...http://www3.nhk.or.jp/nhkworld/english/ ... 31116.html This mornings Hightower tout:
yen.PNG
Vote Cobra. glta
‘the petrodollar is our currency and our problem’....Gappy
fehro
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Re: 07/23/2015 Live Update

Post by fehro »

SMH, like TRANsports.. guess the market can rally without chips for the Nasdaq and without Trains for INDU guess it's different this time.. and we don't need them...:roll: :lol:
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Screen Shot 2015-07-23 at 6.28.44 AM.png
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Unique
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Re: 07/23/2015 Live Update

Post by Unique »

TSLA:

Small gap up looks like a channel range short 270/271 vs 260, wait for 5/15m candle close
Restarted the AAPL blog into E-mini S&P 500 Trading Blog , see here: http://aapltechnicals.blogspot.ca/
fehro
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Re: 07/23/2015 Live Update

Post by fehro »

SPX .. VIX slammed below yesterday's LOD..
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Unique
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Re: 07/23/2015 Live Update

Post by Unique »

TSLA:

Filled gap 270-> 267.8, range bound morning/day confirmed.

Still waiting for market (ES futures) to break below 2102 or else another consolidation day
Restarted the AAPL blog into E-mini S&P 500 Trading Blog , see here: http://aapltechnicals.blogspot.ca/
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Unique
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Re: 07/23/2015 Live Update

Post by Unique »

Whoever mentioned GS yesterday, it's hourly breakout now - 14 mins until hourly close to confirm
Restarted the AAPL blog into E-mini S&P 500 Trading Blog , see here: http://aapltechnicals.blogspot.ca/
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Unique
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Re: 07/23/2015 Live Update

Post by Unique »

ES:

Sell stop 2102, target 2095 (which is daily 20ema+50sma)

Let price take you into the trade or else this is another 10 point range day like yesterday
Restarted the AAPL blog into E-mini S&P 500 Trading Blog , see here: http://aapltechnicals.blogspot.ca/
Daniel
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Re: 07/23/2015 Live Update

Post by Daniel »

Unique wrote:ES: target daily 20ema+50sma
20ema+50sma, this btw is what many mean by the term "confluence zone". Or sometimes just confluence. Many systems are keying off the one or the other, so it can become an inflection point, for a reversal or an accelerated continuation.

(There are always new viewers of the Board, and we tend to throw terms around.)

A 'confluence zone' is never a bad place to locate a stop (above or below). There is always a logic to it.
jway888
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Re: 07/23/2015 Live Update

Post by jway888 »

Holy moly all these buying tails forming numerous hammer patterns on 5min SPY
:o :shock:
Daniel
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Re: 07/23/2015 Live Update

Post by Daniel »

In the world of daytrading, shorter timeframes than daily are used, often the 15min and 30min 200ema is employed as a major indicator of market slope and direction.

The 5min and shorter charts tend to be more of use in scalping, options trading, and fine tuning entries and exits.

The SPY 15min 200ema is currently about 211 and change, and price all morning has been flirting with that level. As mentioned yest., it has been many days since SPY has spent more than a half hour below this (still upsloping) level.
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Cobra
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Re: 07/23/2015 Live Update

Post by Cobra »


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Unique
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Re: 07/23/2015 Live Update

Post by Unique »

Daniel wrote:In the world of daytrading, shorter timeframes than daily are used, often the 15min and 30min 200ema is employed as a major indicator of market slope and direction.

The 5min and shorter charts tend to be more of use in scalping, options trading, and fine tuning entries and exits.

The SPY 15min 200ema is currently about 211 and change, and price all morning has been flirting with that level. As mentioned yest., it has been many days since SPY has spent more than a half hour below this (still upsloping) level.
BTW 15m 200sma is only good for indices, it's useless for high beta stocks
Restarted the AAPL blog into E-mini S&P 500 Trading Blog , see here: http://aapltechnicals.blogspot.ca/
fehro
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Re: 07/23/2015 Live Update

Post by fehro »

INDEX days.. mixed picture
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fehro
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Re: 07/23/2015 Live Update

Post by fehro »

SPY 15m.. weakish... trying to hold it together.. and bounce
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Daniel
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Re: 07/23/2015 Live Update

Post by Daniel »

uup hitting a 5day low here
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