10/24/2012 Live Update

[Al_Dente]

VIXies Update
VIXies 5 min setup continues to favor bearish outcome for equities.

doc did u get that opening "switcheroo" before they flipped to bear again?

I did but ignored it because in 1 min setup VXX & XIV bear.

vixies m01.png

I used this for confirmation and not for trading.
I do pay attention to what your girl friend does

Per yr note in last night’s “trading signals”
I didn’t get girlfriend XIV nor RVX to confirm bear yet on my medium-term daily signal chart
(medium term only; daily chart only)
RVX is just a hair away from crossing to bear, but doesn’t count until cross

[ClarkW]

IWM seems to be hanging around here much longer than it did last time in this position. The fact it didn't make it up to trendline last time (pink arrow) and dropped below trendline recently (purple arrow) has me concerned there is more down a comin'

[TraderGirl]

I little bit of an ascending broadening wedge....

I have a chart that says down later today, but sometimes not reliable, but technicals look like it supports it so far...??

[Jack12]

DOW testing the neckline, failure will be bad for the bulls

[TraderGirl]

Transports in red and Apple flat, so not much support in the market....

[Harapa]

Per yr note in last night’s “trading signals”
I didn’t get girlfriend XIV nor RVX to confirm bear yet on my medium-term daily signal chart
(medium term only; daily chart only)
RVX is just a hair away from crossing to bear, but doesn’t count until cross

As indicated that was for short term (few days to 1-2 week) only. In my intermediate (weeks) setup, yes RVX is the only holdup.

[fehro]

bear flag still hanging in.

[TraderGirl]

XIV sitting below support...

[Petsamo]

For anyone who likes to gamble on earnings, CLF reports after-hours, UAL & POT reports pre-market tomorrow

[ClarkW]

Anybody know what's going on in Hong Kong? having a big party apparently and I wasn't invited

[Al_Dente]

uempel
u have any timing signals for FOMC 2:15 ET ??

[TWT]

USD INDEX: The pattern is clearly corrective. Unclear if there is more upside left. Need to see the structure of a pullback

[Cobra]

target? don't wake me up, I'm sleeping. this is my dream talk...

[Al_Dente]

TBT, TMV new high on day
Not very sticky
This thing is all over the map

[ClarkW]

Anybody know what's going on in Hong Kong? having a big party apparently and I wasn't invited

China PMI numbers better than expecting is my guess.

[Petsamo]

Anybody know what's going on in Hong Kong? having a big party apparently and I wasn't invited

People have been buying it up, India too. The doom & gloomers went into retreat. EEM (emerging markets) is a safer bet if you want exposure to China & India.

[Al_Dente]

I kinda wish I had bought GS or C this morn
Gorgeous 5 min charts

[fehro]

some longer trend lines. fwiw.

[uempel]

For those of you who play DAX: DAX bounced at channel support 7120 (in the early morning). That was easy, but the outlook is kind of foggy: daily and weekly indicators don't look good, but monthly sure is bullish

[Jack12]

For those of you who play DAX: DAX bounced at channel support 7120 (in the early morning). That was easy, but the outlook is kind of foggy: daily and weekly indicators don't look good, but monthly sure is bullish

66.png

Thanks , missed the entry by 5points so got in late at 7150 got out 7 210 and went short, but we going nowhere fast. I think we have 1 more down leg to go to about 6900ish but NOT very certain dazed and confused till we get back to 7150.