04/29/2016 Live Update

[BullBear52x]

Ha, selling to continue, bulls are too weak, forget buy the dip, back to sell mode again now.

[Trades with cats]

I have reasonable support between 2053 and 2054 ES, will see if it holds. Small caps in no-man's land on my chart.

[BullBear52x]

intraday bear flag, will see. I will post new sell entry until then will bulls can take back the baton.

[DellGriffith]

SPY hasn't set a truly meaningful new high since November 2014. Its gone SLIGHTLY higher...but BARELY..and with plenty of retraces inbetween. QQQ is prefering to draw a massive H&S top.

We're late in the bull cycle. Evidence of that was a strong surge in M&A debt spending in 2015, which usually leads to a sharp rise defaults in the next year, which then begins to put pressure on banks and we kick off a recession to purge the malinvestments. But maybe we get one more rally before it hits? I'd guess early-mid 2017.

[Al_Dente]

NY advancing stocks are 0.8 x declining stocks
NY advancing volume is 1.0 x declining volume
NY declining stocks are 1.2 x advancing stocks
NY declining volume is 1.0 x advancing volume

1-to-1 is chop/range at the moment

What was the "get me the freaking heck outta my stocks!" volume multiplier yesterday afternoon?

It was 4-to-1 in favor of bears at the open yesterday
Then bears weakened
Near end of day it was 2.5-to-1 bears
Today, now, still not much better than 1-to-1 flat
Internally bears still weak today........ that can change quickly.........

[JFR]

Overnight gap down on ES, NQ and YM. Not filled.

[BullBear52x]

If intraday bear flag break down, should be another 10 handles easily, but over all short term is very oversold now too.

[fehro]

VIX stuck.. need VIX / VXX new HOD for new SPX LOD.. minor double bottom.. mind the hourly for a hammer

[BullBear52x]

sell @ 54.25 /es

[Al_Dente]

DELLGRIFFITH
Put it another way: $NYAD top panel
NYAD between ROUGHLY +600 and -600 (the horizontal lines) is chop or range
Above +600 NYAD is good bull strength
Below -600 NYAD is good bear strength

Counterintuitive, but IWM, TNA actually respects the AD on the new york
That and stochastics (and HYG) are my entry and exit signals on TNA, TZA
FOR SCALPING ONLY

[Wallstreetrader]

...

[fehro]

/CL oil.. hasn't even got started yet.. seat belts..

[Al_Dente]

INTRADAY ONLY
Internals QUITE improved for bears
As I just posted: if we want to blow the roof off, the NYAD needs above +600 for bulls or below -600 for bears
NYAD IS NOW below -1100 BEARS
Momentum WAY oversold again
5min

[BullBear52x]

out @ 48, very oversold, need to sit out for now.

[Wallstreetrader]

Shorts Closed waiting mode

[fehro]

Shorts Closed waiting mode

nice play.. out here as well.. just a little left to run.. looking to oil..

[BullBear52x]

I think we see LOD, I am in a buy mood now.

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2016/04 ... ay-update/

[Al_Dente]

dead cat until proven otherwise

[brokebybernacke2]

Nice work bears....Let's hope for a bounce here..there is more to come...esp in that techy exchange, go bears..