12/27/2012 Live Update

[doji]

While ES had a intraday low at 11:10am @ 1402, but it's not a solid one, and could be a fake reversal.. Won't trust the buy side here.

[Petsamo]

Dow has one of the cleanest charts at the moment IMO.

Carl Swenlin used the DOW chart to show the favorable/unfavorable 6-month seasonality. We are currently in the favorable 6-month seasonality. The problem is the seasonality isn't so visible in the SPY chart. The DOW is only made up of 30 stocks, just like QQQ is made up of AAPL, plus some insignificant stocks.

[StudentBill]

XIV seems to have good support at 16. Can't post chart now.

[BullBear52x]

1398ish

[gappy]

1398ish

Where I drop off the shorts I hope.

[BullBear52x]

XIV seems to have good support at 16. Can't post chart now.

here will this be something, I knew someone make a killing on this one, not I

[gappy]

XIV seems to have good support at 16. Can't post chart now.

[Cobra]

interesting pattern we have recently: down in the morning, then up till close in the afternoon. The question is: will the 4th time be the charm? I have doubt.

[Cobra]

rebound as expected, first score made. it's not a strong rebound so the 2nd score is likely. again for fun only.

[BullBear52x]

1398ish

Where I drop off the shorts I hope.

for swing set up, I will let it runs until the MACD cross bullish before shopping for a turn. daily RSI 5 or MFI 5 are over 20 still, no extremely over sold quite yet, hourly we are there close to the bounce. well, I have to be patient.

[gappy]

1398ish

Where I drop off the shorts I hope.

for swing set up, I will let it runs until the MACD cross bullish before shopping for a turn. daily RSI 5 or MFI 5 are over 20 still, no extremely over sold quite yet, hourly we are there close to the bounce. well, I have to be patient.

[Cobra]

made the 2nd score. now testing the previous low, key time.

[Mr. BachNut]

1398ish

This would be in the neighborhood of last Thursday night's ES flash crash low.

[JFR]

Dow has one of the cleanest charts at the moment IMO.

Carl Swenlin used the DOW chart to show the favorable/unfavorable 6-month seasonality. We are currently in the favorable 6-month seasonality. The problem is the seasonality isn't so visible in the SPY chart. The DOW is only made up of 30 stocks, just like QQQ is made up of AAPL, plus some insignificant stocks.

Thanks for the Swenlin seasonality tip. No surprise about May, September and October.

[Al_Dente]

“Fascinating Data on Performance of Markets When Above v Below 200 Day Since 2009”
http://marketmontage.com/2012/12/27/fas ... Montage%29

[Cobra]

new low. volume surge, biggest bar, I believe I can make the 3rd score, the rebound.

[StudentBill]

XIV seems to have good support at 16. Can't post chart now.

Maybe I'm wrong but thats what I see. Could just blow through it too.

[doji]

Any Gold bugs here? Someone can share a view on ABX?

[Xian]

“Fascinating Data on Performance of Markets When Above v Below 200 Day Since 2009”
http://marketmontage.com/2012/12/27/fas ... Montage%29

Thanks Pasta.

Surrounded by house guests for a couple more days

A little belated Christmas cheer:

http://www.youtube.com/watch?v=67RT0ctQMJg

OR The Etta Version, if you prefer:

http://www.youtube.com/watch?v=f1xyYQhSuHg

[Cobra]

rebound indeed but too weak. I'd give bulls a little more time here before changing the plan though.