10/22/2012 Live Update

[Harapa]

VIXies Update:
XIXies 5 minute setup remains in sell mode.
VIXies enjoying Bear's Party

[skittlesmds]

VIXies Update:
XIXies 5 minute setup remains in sell mode.
VIXies enjoying Bear's Party

I am enjoying it as well.

[Petsamo]

One of the Stocks i watch is JOY for mkt strength and turns..Early this morn it was up green very good but it is now tending dn in the lower green area..Maybe we test 1420/25 today???

JOY is on my watch list too, but it runs on its own, independently of the general market. It seems to run with CAT.

[jack black]

Al_Dente,

Yes, this is what I'm talking about. XIV is clearly rising while SPX is making lower lows and highs.

The only other clear example of that I found in May 2011.

I guess I will keep the swing shorts a bit longer. Initially, I planned to cover at the opening panic selling, but that didn't materialize. No Black Monday this year I guess.

Jack

[TraderGirl]

wave count looks complete, but looks like we need some pos d.....

[Harapa]

Paging harapa
NOT PART OF YOUR 5min SET-UP, hence not important:
Notice your CCI 168 diverging a bit (although still in bear zone)
Also, just fyi: the red dots on XIV are actually $ONE:VXX

1022vixharapa.png

As you know Boss, divergences are tough to play. Also historically CCI 168 tends to be later than EMA cross.

[uempel]

Jack, 19 DAX points...

[Cobra]

ok, forget about that target. I'm neutral again.

[Jack12]

Jack, 19 DAX points...

yes, i wasted a lot on that one only took 42 of 80 and it seems it is looking for 300. I also took 30 off FTSE

[Al_Dente]

SPY 10 min
AD just changed to favor bears again, but still “chop” … at the moment

[L_T]

Al_Dente,

Yes, this is what I'm talking about. XIV is clearly rising while SPX is making lower lows and highs.

The only other clear example of that I found in May 2011.

I guess I will keep the swing shorts a bit longer. Initially, I planned to cover at the opening panic selling, but that didn't materialize. No Black Monday this year I guess.

Jack

VIX futures in (major) contango right now. See this for more info:

http://www.investingwithoptions.com/201 ... -contango/

[TraderGirl]

spx?

[ClarkW]

NatGas breaking down pretty hard today. I'm expecting continuation but this things is a quick mover.
Disclosure: long KOLD @ $18.61 NOT TRADING ADVICE!

Very speculative (and not why I'm short) but could be a double top. Needs to decisively break below $21.99.... UNG 2 hour chart

[Cobra]

the bias might be a little bit on the upside now.

[jack black]

Al_Dente,

Yes, this is what I'm talking about. XIV is clearly rising while SPX is making lower lows and highs.

The only other clear example of that I found in May 2011.

I guess I will keep the swing shorts a bit longer. Initially, I planned to cover at the opening panic selling, but that didn't materialize. No Black Monday this year I guess.

Jack

VIX futures in (major) contango right now. See this for more info:

http://www.investingwithoptions.com/201 ... -contango/

I understand that about VIX. But why that makes XIV divergent to VIX and SPX?

[Me XMan]

Rounded bottom?

the bias might be a little bit on the upside now.

[Jack12]

spx?

Difficult one , I am looking at the triangle breakout

[uempel]

Checking P&F: Traditional suggests 1380 as support, ATR shown here says that if the 1430 area is broken it's down to 1386...

[louie]

Out of NUGT @ 16.22 +7%. Think I will go enjoy my grandson for the rest of the day. $1,103 IN THE BANK!

[TraderGirl]

On fire today!! SPX...