05/25/2013 Weekend Update

[joegamma]

Attention bears: You’re doing it wrong
Here’s how it works:
If you want the market to go down, you have to sell stuff already
Volume indicates that selling volume decreased
Get busy

The attachment 526volume_png.png is no longer available

However, I notice that even though you weren’t selling SPY, you were buying tons of index puts, right there:

The attachment 526index puts_png.png is no longer available

Fresh NYSE Short Interest Report
http://online.wsj.com/mdc/public/page/2 ... tml#shortD

Vote Cobra today: https://stockcharts.com/public/1684859

Thanks Wise AL for helping keep my head out of the sand!
I bet those put spikes have a strong positive correlation with traffic in hamptons/bridge to Gramma's house etc....election lottery 11/06/2012, thanksgiving was 11/22/12, and also the xmas season...similar to low volume holiday like right now.....EASIER TO BUY PROTECTION THAN LIQUIDATE...
here was spy (with some friends like vix and hyg nov-dec2012 in 2hrbars)

[Al_Dente]

Vintage Apple-1 Sells for Record $671,400
http://bits.blogs.nytimes.com/2013/05/2 ... h_20130526

[joegamma]

and here we are today, what comes next?

[joegamma]

fwiw...
hazard for p/l to read zh during market hours , yet,
interesting article hinting why earnings won't go down (And Why I Believe Benny n Inkjets need to raise Rates to save our society)

http://www.zerohedge.com/contributed/20 ... uple-years

and another zh view why FED cannot raise rates (possible market reactions to 2.20% yield 10yr)
http://www.zerohedge.com/contributed/20 ... rtex-works
listen to see if FED starts talking up prices on its own book (treasuries)...

[user13]

http://www.youtube.com/watch?v=AR3TyfKTeNE

- Great video, I think this will eventually play out.
Any thoughts?

[TWT]

$FGBLM3 (Bund): A potential ED should conclude the wave (A)

[TWT]

$DAX: The sideways pattern should soon open the door to a wave (C) down

[uempel]

$DAX: The sideways pattern should soon open the door to a wave (C) down

DAX bearish scenario 1: if short term target is 8090 (P&F suggests it), the Zig-zag from 8560 down to 8260 and from 8390 down to 8090 makes sense, which would confirm TWT's ideas.

DAX bearish scenario 2: DAX up to 8500 Tuesday (the inverse H&S is pointing to that target area) and then a decline to 8200ish. Here the Zig-zag would be 8560 down to 8260 and then 8500 to 8200..

DAX bullish scenario: DAX tends to follow stochastics and at the moment daily and weekly sto don't look bullish...

The only thing I know for sure: ellipses on DAX show a time signal for Tuesday and this suggests a biggish move...

[BullBear52x]

Holy grail, a leading indicator, a new found, market will be sideways to down. $UTIL happen to peak way ahead the turn. very interesting new found on my part, I post it on my corner as well.

[BullBear52x]

Holy grail, a leading indicator, a new found, market will be sideways to down. $UTIL happen to peak way ahead the turn. very interesting new found on my part, I post it on my corner as well.

OK it's not a Holy grail, you ain't going find a Holy grail out of free internet blog/forum.

[KeiZai]

Holy grail, a leading indicator, a new found, market will be sideways to down. $UTIL happen to peak way ahead the turn. very interesting new found on my part, I post it on my corner as well.

OK it's not a Holy grail, you ain't going find a Holy grail out of free internet blog/forum.

Hey BB any thoughts on IWM/R2K?

My prior plan is this one, but with the uninvited (g)host I am maybe too shy and we could see bigger retrace, if so it would fit into uempel's scenario that par.moves tends to retrace to starting point...hmmm let's see what happens this week

prior plan

Phantomas

[BullBear52x]

Holy grail, a leading indicator, a new found, market will be sideways to down. $UTIL happen to peak way ahead the turn. very interesting new found on my part, I post it on my corner as well.

OK it's not a Holy grail, you ain't going find a Holy grail out of free internet blog/forum.

Hey BB any thoughts on IWM/R2K?

My prior plan is this one, but with the uninvited (g)host I am maybe too shy and we could see bigger retrace, if so it would fit into uempel's scenario that par.moves tends to retrace to starting point...hmmm let's see what happens this week

The attachment R2K.png is no longer available

The attachment R2K-bar.png is no longer available

I like your b or end of 2. Vix , CPCE/CPC on shor term telling me not to rush.

[TraderGirl]

Holy grail, a leading indicator, a new found, market will be sideways to down. $UTIL happen to peak way ahead the turn. very interesting new found on my part, I post it on my corner as well.

OK it's not a Holy grail, you ain't going find a Holy grail out of free internet blog/forum.

Hey BB any thoughts on IWM/R2K?

My prior plan is this one, but with the uninvited (g)host I am maybe too shy and we could see bigger retrace, if so it would fit into uempel's scenario that par.moves tends to retrace to starting point...hmmm let's see what happens this week

The attachment R2K.png is no longer available

The attachment R2K-bar.png is no longer available

That p-bar could be gap fill...? Fib support around 200 ma on hourly...?

[Al_Dente]

Thanks to all for great IWM charts
My two cents: I show a confluence of resistance at the 98+ zone
1) price resistance, double top
2) volatility resistance, double top on 1/RVX
3) 5dma resistance
4) pivot resistance
5) RSI-14 resistance at 50 centerline

The ascending triangle suggests a breakout.
If IWM manages to breakout and retest and hold that 98+ zone, it would be a great re-entry long signal, and a great stop-loss for longs. If it fails at resistance, then shorts have their stop-loss at 98 ish…….

HAPPY MEMORIAL DAY TO ALL. Vote Snake: https://stockcharts.com/public/1684859

[daytradingES]

Cdn markets were open

HSU is horizon SPX up

Target high of 23rd >

[daytradingES]

having trouble sleeping..?
watch this
https://www.tdwaterhouse.ca/video/index ... playlist=1

Does james look all of 23?

[Sleeperz]

This play from Options monster doubled, Sept 11 Puts -$.24 to over $.50 .


How one trader is playing Japan ETF
By Chris McKhann (chris.mckhann@optionmonster.com) | optionMONSTER – 21 hours ago (Wed, May 15, 2013)
A huge trade is looking for higher volatility in the iShares Japan Fund, which hit a five-year high yesterday.

optionMONSTER systems show that 25,000 September 11 puts were bought for the ask price of $0.24 yesterday. The volume was 5 times the strike's previous open interest, clearly indicating that this is new activity.

The trader may have been opening this new position while rolling out of the June 11 puts, where 16,000 contracts traded for $0.05 against open interest of 128,659 a few minutes later.

In that same time period, a block of 500,000 shares of the EWJ were bought for $11.94. The combination of stock and option activity would create a delta-neutral strategy would profit from a rise in volatility and/or a big move in either direction. (See our Education section)

The EWJ was up 1.3 percent to $11.91 yesterday, its highest close since August 2008. The exchange-traded fund has been on an incredible run from below $9 in November and has closed below its 20-day moving average only twice since January.

[TWT]

$EURUSD: Follow up of the Triangle option

[KeiZai]

Holy grail, a leading indicator, a new found, market will be sideways to down. $UTIL happen to peak way ahead the turn. very interesting new found on my part, I post it on my corner as well.

OK it's not a Holy grail, you ain't going find a Holy grail out of free internet blog/forum.

Hey BB any thoughts on IWM/R2K?

My prior plan is this one, but with the uninvited (g)host I am maybe too shy and we could see bigger retrace, if so it would fit into uempel's scenario that par.moves tends to retrace to starting point...hmmm let's see what happens this week

The attachment R2K.png is no longer available

The attachment R2K-bar.png is no longer available

I like your b or end of 2. Vix , CPCE/CPC on shor term telling me not to rush.

Yep gotta be cautious here, too many people have totally same "count"

Watching reaction at 1675 if it is wave B somewhere there could find the top, let's see

In Europe I think new highs are likely so maybe same in US?

[TWT]

$DAX: A deep ZZ is now less likely. Instead maybe price will form a Triangle