12/02/2016 Live Update

[Trades with cats]

I keep forgetting that I can upload a chart. Problem is I have big screens so I use big charts. This is one hour ES on top DX under, both with a standard Keltner.

[BullBear52x]

Clockworks, sell.

[BullBear52x]

WE ARE HERE.

Based on all you glimps,... Is there a bias?

Thanks

TA trader should not have any bias at all, trade what's in front of us. Greed and Bias kills. when in doubt stay in cash.

[fehro]

INDEX days.. COMPQ holding support.. NDX/COMPQ just dead cat bounces.. imho.. <20<50d on both.. SPX daily looks weak… INDU and TRANSports holding us up. .. that's secure..

[fehro]

IMO, Plain and simple TOO many Bears here, not here but the general consensus.

http://www.aaii.com/sentimentsurvey/sent_results fwiw.

[BullBear52x]

2x bottom take down will stop out mid term buy. there will be a fight.

[Al_Dente]

NOT INTRADAY
SPY UPDATE
Backtesting the breakout at the 218 zone is in progress (pink line)
If we don’t get that far down, that’s fine too, and very bullish, but it just delays the backtest of the breakout.
The 38.2% retracement (a “normal” pullback) down to roughly 216.69 is more challenging, and difficult to see the bulls allowing that before BFTD.
Uempel’s seasonal chart suggested we have more down before the rally into year-end, but I think it will be a bouncy ride.
DAILY

[BullBear52x]

out, in cash and wait for new setup.

[ALdaytrade]

Due to the importance resistance (good bye kiss junction) next buy need to push to new HOD no break allowed because the die-hard bears can smell a blood right now.

Why s someone having there period

You are so out of line with that last sentence. You owe the blog an apology for you inappropriate commentary.

[gappy]

Silver lookin update. Daily, it did mosey back up toward the cloud, 61.8 retrace.

a.PNG

Inverted dollar/yen (red) has bubbled, silver should regress.

c.PNG

Carry trade is losing momentum though, something to watch. Daily.

b.PNG

Based on the hourly Stochastic, it may turn down mid diamond and drop like a democratic candidate.

d.PNG

Short, stop loss at diamond breakout to the upside. Target 35 handles to the downside. Not so many surprises to how the algos treat the silver chart. Good weekend to all. Vote Cobra.

[ALdaytrade]

Down to 2182. Hope we can get there.

[BullBear52x]

NOT INTRADAY
SPY UPDATE
Backtesting the breakout at the 218 zone is in progress (pink line)
If we don’t get that far down, that’s fine too, and very bullish, but it just delays the backtest of the breakout.
The 38.2% retracement (a “normal” pullback) down to roughly 216.69 is more challenging, and difficult to see the bulls allowing that before BFTD.
Uempel’s seasonal chart suggested we have more down before the rally into year-end, but I think it will be a bouncy ride.
DAILY

The attachment 122spy daily.png.png is no longer available

This is what I am looking at top dark box must hold, or 61.8% 20/50 ma support next. (same view)

[Al_Dente]

NOT INTRADAY..........

This is what I am looking at top dark box must hold, or 61.8% 20/50 ma support next. (same view)

[gappy]

Forgot Spy 4 day. Circled are Ichi base/conversion kiss. Rare. Coppock 5-10-3 rolling over.

Capture.PNG

glta

[Cobra]

2nd test of the previous low, watch for potential double bottom.

[fehro]

SPX choppy.. Flat Friday … bears pretty proud of themselves with that daily.. if it closes here.. 2190 goes. .. then LOD, LOD goes then looking for gap fill 2182, 2178 next. red line arrow 60m

SPX still choppy.. weak.. 60m candle not pretty… & VIX heating up..

[fehro]

MInd Italian Referendum on Sunday fwiw http://www.zerohedge.com/news/2016-12-0 ... fraid-ask?

[Al_Dente]

Tom McClellan’s latest post:
“McClellan Oscillator for Corporate Bonds”
[Spoiler alert: “suggest that the bond market is at an oversold extreme … little remaining selling pressure...”]
http://www.mcoscillator.com/learning_ce ... ate_bonds/

[BullBear52x]

back on southbound train. Choo chooo all aboard.

[Trades with cats]

If a 30+ year bull market for bonds is over (says the two bond kings) then how long can it stay oversold? Or are they wrong and CB financial repression policy will continue as per Fed policy statements putting us into negative (like Europe and Japan) nominal interest rates next year?