08/27/2012 Live Update

[BullBear52x]

What really confused me this morning was gap up on both VIX and SPX. tick the buy no ding but then fall. intraday Buy the dips still.

[CognitiveDissonance]

I like the correlation here. If it's valid then spx doesn't have much upside

http://stks.co/j9up

[Al_Dente]

realtive strength

[BullBear52x]

I like the correlation here. If it's valid then spx doesn't have much upside

http://stks.co/j9up

dbv is continue its way down too.

[Al_Dente]

Maybe something is brewing in Europe

[BullBear52x]

Classic internals are bearish so far.

[Al_Dente]

Would u call this a successful back-test of the breakout on XIV?
Or does it have to make a new high before calling it a success?

[BullBear52x]

Would u call this a successful back-test of the breakout on XIV?
Or does it have to make a new high before calling it a success?

827xiv.png

on a chart pattern basis, it's a success, new high is confirmed a break out. but volatility play like XIV. your guess probably better than mine.

[Al_Dente]

SAVE FOR LATER
New FED study on impact of short selling bans
http://www.newyorkfed.org/research/curr ... i18-5.html

“…conclusions from the research are clear; these economists do not think short selling bans work. For there is precious little evidence that the ban in US markets [in 2008] truly halted share price declines; on the contrary, the impact was (at best) neutral, they claim. However, the ban hurt market mechanisms, as liquidity dried up…” [Ritholtz]
“…As the chart below shows, those restricted stocks dropped 26.3% in value during the U.S. short-selling ban. During the same period, the S&P 500 dropped 21.42%....” [chart credit Bianco Research]
http://www.ritholtz.com/blog/wp-content ... /08/ff.gif

[TWT]

SPX: My short term scenario calls for a Zig Zag down

[Cobra]

could be small 3 push up here. now it might be time for 2 leg down.

Bull flag on DAX and other European indices?

DAX doesn't look bad.

Hey Cobra and fellow traders,
new member here trading mainly FDAX, reading u almost everyday

FDAX has been quite strong today but now is around strong resistance from TL coming from 21/8 and 23/8 tops
I would be cautious for an intraday double top / lower high

Thanks and welcome aboard!

[Cobra]

rebound as expected, now no failure allowed for bulls, must make a decisive new high.

[Al_Dente]

yup squeeze, but NOT on aapl

[BullBear52x]

SPX: My short term scenario calls for a Zig Zag down

If you are right we are approaching another Sell tick, That will be a nice spot to go short. here is my entry point intraday for both sides.

[Cobra]

strong, not sure the down leg anymore, need see how breakout goes first.

[BullBear52x]

Here are the tick guys, If TWT is right then The DING will be a big pay out.

[noob]

strong, not sure the down leg anymore, need see how breakout goes first.

somebody decided to buy the shit out of spy.

[Cobra]

C&H target.

[joe-gamma]

SPX: My short term scenario calls for a Zig Zag down

If you are right we are approaching another Sell tick, That will be a nice spot to go short. here is my entry point intraday for both sides.

BB: basic blueprint is "go with" intraday, depending on 5dma? so is this pointing to buy strength?

Dr Als internals seem to hint at bouncing around vwap today...GL and your views will be missed here this week

[Al_Dente]

Would u call this a successful back-test of the breakout on XIV?
Or does it have to make a new high before calling it a success?

827xiv.png

on a chart pattern basis, it's a success, new high is confirmed a break out. but volatility play like XIV. your guess probably better than mine.

Thx boss
XIV is only 1x so she is the least honey badge of the bunch
until the minute u start trusting her as a leading indicator… then she likes to disappoint…
How long u b gone?
What should we do……..just stay flat until u return?