02/19/2013 Live Update

[Al_Dente]

Yes “beats me” means clueless
No matter what spy says, uber-short term I’m still watching the bull ratios deteriorate
But the bear ratios are not picking up enough... yet

Interesting post. Are you expecting a pick-up in bear ratios? Does the opposite ratio lag, if there is a trend change? Seems like the market wants to move higher, but its tired and needs a breather.

I think SPY is teasing us
I’m expecting a squeeze, because I always expect a squeeze
But it will all show in the 1min internals if/when she gets stronger

[uempel]

Al, I'm staring at your vintage 1 min chart, it's old but it's great. Like driving through Scotland in an old DB5:

http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250236810

yes, u c that RED line creeping up, I know u c it
btw: what is now the faded red and faded green behind nyadv?
[edit: i like that "vintage"]

VIX red, TNX green ...

[L_T]

SOX looks like broadening wedge for wave 5 of C is possible...

Also Stoch's trading in an area of selling in the past...

Do you have positions in any of these or just throwing some ideas out there? Just wondering if any of this analysis is "actionable" (I hate that term).

[deeko]

Yes “beats me” means clueless
No matter what spy says, uber-short term I’m still watching the bull ratios deteriorate
But the bear ratios are not picking up enough... yet

Interesting post. Are you expecting a pick-up in bear ratios? Does the opposite ratio lag, if there is a trend change? Seems like the market wants to move higher, but its tired and needs a breather.

I think SPY is teasing us
I’m expecting a squeeze, because I always expect a squeeze
But it will all show in the 1min internals if/when she gets stronger

r u teasing.png

I enjoy your embedded photos.

[Cobra]

rebound as expected, maintain the guess. boring day. lunch time, will be back.

[Al_Dente]

Yes “beats me” means clueless
No matter what spy says, uber-short term I’m still watching the bull ratios deteriorate
But the bear ratios are not picking up enough... yet

Interesting post. Are you expecting a pick-up in bear ratios? Does the opposite ratio lag, if there is a trend change? Seems like the market wants to move higher, but its tired and needs a breather.

I think SPY is teasing us
I’m expecting a squeeze, because I always expect a squeeze
But it will all show in the 1min internals if/when she gets stronger

I enjoy your embedded photos.

thanks

[Al_Dente]

Update with two signals on the 1 min chart:

77.png

Uempel
Could u please stick around and:
1) remind us at 2:40 ish [ET]
2) request MrMiyagi to ring the bell early today
thx

ps: this squeeze is wussie, for nowski

[uempel]

I forgot to show you the 1:00 p.m. signal, but there is a second one at 2:50 p.m.

This market is annoying for traders. Volatility is kind of non-existant. It's great to have strategic positions in chosen equities, but guys like me who love action have to switch to other activities to have fun

Cobra too, he considers this a boring day. I wonder what his wife would say if he picked up this kind of activity


http://www.youtube.com/watch?v=6gAk7hytZXo


PS: I've never base-jumped, but it sure is an adrenaline rush

2nd PS: Here the chart with the 2:50 p.m. signal

[TraderGirl]

SOX looks like broadening wedge for wave 5 of C is possible...

Also Stoch's trading in an area of selling in the past...

Do you have positions in any of these or just throwing some ideas out there? Just wondering if any of this analysis is "actionable" (I hate that term).

They are all actionable ideas...just been waiting to see a top...

SOXS seeing some positive divergences...MACD holding up...

Seeing the broadening wedge for SOX is very promising...you can either front run or wait for confirmation of a downturn...whatever your style may be...

[uempel]

Sorry Al, I have to go pick up the Lady at the airport. I don't think I can make it back before the close.

Update with two signals on the 1 min chart:

77.png

Uempel
Could u please stick around and:
1) remind us at 2:40 ish [ET]
2) request MrMiyagi to ring the bell early today
thx

ps: this squeeze is wussie, for nowski

[MrMiyagi]

I found the Market Bear! He is keeping busy.




ps I do NOT condone zoos, circuses or any other clown shows that confine animals for human "entertainment".

[Al_Dente]

Sorry Al, I have to go pick up the Lady at the airport. I don't think I can make it back before the close.

ok boss
have a drink with The Lady Uempel at the Toto Bar later?

[Cobra]

OK, forget my guess. the consolidation actually favors bulls.

[Al_Dente]

OK, forget my guess. the consolidation actually favors bulls.

Chief your RSP is lagging, no?

[TraderGirl]

XIV, finally a touch of the upper channel...would like to see this act as resistance...

[deeko]

$IWM action is interesting. Seems like the market wants to push higher, but is met with selling each time. Still the bias seems higher. It will be interesting to see if small caps can continue to grind higher, not only today but for the rest of the week. Decent economic data coming out in the coming days, and could be amrket moving:
WEDNESDAY: January PPI & core PPI (Dec.: -0.2% & +0.1%); January housing starts (Dec.: 954K annualized); FOMC minutes
THURSDAY: January CPI & core CPI (Dec.: 0.0% & +0.1%); January leading indicators (Dec.: +0.5%); January existing home sales
(Dec.: -1.0%); February flash Markit PMI (final Jan.: 55.8)

[Al_Dente]

INTRADAY ONLY
This is sooooo toppy it’s ridiculous
Oh wait a minute let’s squeeze again shall we?

Easy guess: bear-stops would be just above hi 153.02
Yes, there are the three bears left, and goldilocks wants to take them out and squeeze them to death…

[deeko]

big volume spike on $IWM 1-minute chart.

[Al_Dente]

sheeeesh that was quick

[deeko]

sheeeesh that was quick

you called it. The 3 bears left are getting squeezed now.