12/11/2012 Live Update

[TraderGirl]

ERY would like to see a bounce off this support trendline...will wait to see what happens...

Hourly....only need pos d on one MACD or TSI, that's why i look at both, plus RSI...

[TraderGirl]

trin

1211trin.png

Pattern broke, trin can't get above 1, how do you read this Al...no upside from here today?

[Al_Dente]

appl intraday 5min pattern matches spy (sort of)
it is now trying to squeeze to test hi

[Cobra]

not sure if it's a bull flag breakout, wait. so far chart not bad.

[MrMiyagi]

Pattern broke, trin can't get above 1, how do you read this Al...no upside from here today?

Trin below 1 is Bullish, but you already knew that..

[KENA]

Got to go for a bit but before I do I just want to post that the SPY just had a P bar dn to 142.48

[Darkmatter]

If short term trend in VIX is up, wouldn't that indeed be a good time to short XIV?

Tho I don't know what you mean that the short term trend in vixies is up. Your chart doesn't really mean anything to me.

Edit: Hmm looking at your "vixxies" chart, I think you mean something other by vixxies than what I think you mean. I would have thought vixxies were sequential vix futures, vix based etfs or other vehicles, but it looks like your vixxies are inverse.

VIXies Update:
VIXies continue to favor the up move that started on 11/16. But the move up may pause here;VIXies are closer to the upper trend line and price is closer to upper price band(red line).

Shorted XIV for a short term trade; not a recommendation for anyone. Looking for some volatility tomorrow and soon afterwards.

I wouldn't, short term momentum/trend in VIXies across the board is Up. (Oscillators in bottom panels are derived from a CCI based indicator)

[toddymc]

Large p-bar visible on ES @ 1420 Looks like we might get up to upper channel line at some point

1443 ish

[Al_Dente]

trin

1211trin.png

Pattern broke, trin can't get above 1, how do you read this Al...no upside from here today?

But nyadv is holding >2000 at the moment (bull)
Trin and AD and volume ratios show the weakness…. that can change quickly…..
I can’t say “””no upside from here today”””” until price confirms ……

But boss: If spy closes here or higher, would that be the start of one of them Hawaiian Island gaps on the daily?
Or no… too soon and too small?

[Cobra]

not a breakout, just a consolidation. I'm neutral. wait.

[skittlesmds]

I'm off for today. Tomorrow is the big day for me; will we get more from Santa Ben Bernanke? Happy and safe trading everyone!

[SigmaEcho]

not a breakout, just a consolidation. I'm neutral. wait.

ABC, goodbye kiss?

[TraderGirl]

Pattern broke, trin can't get above 1, how do you read this Al...no upside from here today?

Trin below 1 is Bullish, but you already knew that..

I don't follow TRIN because it doesn't give any forward indications...??? maybe I should on an intraday indicator, but if you look at Al's chart...doesn't really track the market exactly...

[Harapa]

If short term trend in VIX is up, wouldn't that indeed be a good time to short XIV?

Tho I don't know what you mean that the short term trend in vixies is up. Your chart doesn't really mean anything to me.

Edit: Hmm looking at your "vixxies" chart, I think you mean something other by vixxies than what I think you mean. I would have thought vixxies were sequential vix futures, vix based etfs or other vehicles, but it looks like your vixxies are inverse.

Here is the same set of indicators but with XIV price chart. You decide when is a good time to short the XIV. Color coding: Green -Bullish Equities/XIV, Red-opposite.

[MrMiyagi]

I don't follow TRIN because it doesn't give any forward indications...??? maybe I should on an intraday indicator, but if you look at Al's chart...doesn't really track the market exactly...

Good intraday for me, Al is way more familiar with it than I am. It seems to lag a bit but sometimes works just fine.
1 is neutral, below Bullish above Bearish.

[TraderGirl]

Yesterday I was paying more attention to the reversal candle on the VIX...

[MrMiyagi]

A lot of BBand breaches today. Usually followed by a reversal.

[TraderGirl]

And SLV...

[Al_Dente]

I don't follow TRIN because it doesn't give any forward indications...??? maybe I should on an intraday indicator, but if you look at Al's chart...doesn't really track the market exactly...

I use trin for INTRADAY direction (scalping aid)
It just tells me, by definition: “what little/lot of volume there is today… it is all flowing into the advancing/declining stocks”
Right now it is NOT flowing into the advancers

Boss I’m not allowed to front-run nuthin’
Only the sharks get to front-run

[TraderGirl]

I don't follow TRIN because it doesn't give any forward indications...??? maybe I should on an intraday indicator, but if you look at Al's chart...doesn't really track the market exactly...

Good intraday for me, Al is way more familiar with it than I am. It seems to lag a bit but sometimes works just fine.
1 is neutral, below Bullish above Bearish.

I should follow it more....