This is for anybody who's new to TA: SPX showed a signal at 14:00 p.m. and the bears didn't have the strength to push tha market down - so it was a warning to all of those who were contemplating to short the overbought market...
based on the sell alert I got today, no go as I mentioned earlier just an alert, only a gap down or trade down sharply to turn make it a go. but IWM is turning already so....I say finally a RED day tomorrow. a red day that's right, a minus one penny day
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x wrote:based on the sell alert I got today, no go as I mentioned earlier just an alert, only a gap down or trade down sharply to turn make it a go. but IWM is turning already so....I say finally a RED day tomorrow. a red day that's right, a minus one penny day
I will bet my penny on this forecast.
Above is provided for informational purposes only and shouldn't be considered an investment advice or recommendation to buy or sell anything.
TraderGirl wrote:XIV...no idea when it will top out...but sitting around 61% fib extension...
I am watching this channel, but looks like XIV is heading to 28 area...I shorted she yesterday at 22 but will have to cover iafter pullback likely to 21 then will wait till 28 for another shot
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Nice Channel Keizai...this channel says resistance at $23...
I founded this is the only chart setting I am comfortable trading VIXies item.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x wrote:based on the sell alert I got today, no go as I mentioned earlier just an alert, only a gap down or trade down sharply to turn make it a go. but IWM is turning already so....I say finally a RED day tomorrow. a red day that's right, a minus one penny day
I will bet my penny on this forecast.
OK now lets get serious, NYMO sell signal will be confirmed after market today the way NYAD is showing right now.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x wrote:based on the sell alert I got today, no go as I mentioned earlier just an alert, only a gap down or trade down sharply to turn make it a go. but IWM is turning already so....I say finally a RED day tomorrow. a red day that's right, a minus one penny day
I will bet my penny on this forecast.
OK now lets get serious, NYMO sell signal will be confirmed after market today the way NYAD is showing right now.
I see all this but what I don't understand is why there is no hedge being bought in spite of all this
MAY be Money Managers are contemplating a shallow and/or short lived correction?
Last edited by Harapa on Wed Jan 23, 2013 4:32 pm, edited 1 time in total.
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BullBear52x wrote:based on the sell alert I got today, no go as I mentioned earlier just an alert, only a gap down or trade down sharply to turn make it a go. but IWM is turning already so....I say finally a RED day tomorrow. a red day that's right, a minus one penny day
I will bet my penny on this forecast.
OK now lets get serious, NYMO sell signal will be confirmed after market today the way NYAD is showing right now.
I see all this but what I don't understand is why there is no hedge being bought in spite of all this
This is my vixies what say yours?
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Well, SPX now hit the upper channel that acted as resistance in 2007...
XIV almost at a resistance point...
Financials and Oil in resistance zone...
Treasuries and dollar holding their moves up...
VIX hitting support, possible double bottom...
Tonight, critical Apple earnings...either we break out or break down here in the ST...tonight seems like a critical inflection point...
MrMiyagi wrote:Anyone have a clue what is going on with TLT/TBT? Generally they follow the market moves; SPX up, TLT down, but lately.. not!
for weeks now, I think, this my opinion only, the market will decouple from $UST10Y, the TLT will be more in line with it then SPX. I posted this chart before.
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My comments are for entertainment/educational purpose only. NOT a trade advice.