05/14/2013 Live Update

[KENA]

chart by stocktiming

I guess I got out of swing longs to soon..The strong stocks are not following this up move..Liquidly is till hi in the upper,upper quadrant..Note strong stocks are still lower hi..Big Ben ralley.

[BullBear52x]

the beauty of 5dma and histogram. BTFD

[Out of Bounds]

usd/jpn seems to be in control of markets now.

[BullBear52x]

$VIX is now back to where it can surprise the market, but counter trend bears should know the rule by now.

[Cobra]

not h1 yet, but guess h1 long will do in today's case?

[Unique]

BTW, GS finally triggered. It's above the trigger line now if you've been following. Risk 1 for 4, fun stuff

Almost at target, feels like I print faster than Bernanke

[Unique]

not h1 yet, but guess h1 long will do in today's case?

The million dolla question is, will we even touch 20EMA today? This bull has LEGS

[Unique]

SPY Update - Uber bull measure move

Very nice 78.6% has been reached. 100% at 165.87 very high probability now
Let's see how price reacts at the 165.00 whole number

Price is acting well, slowing down at 165.00 is reasonable, time to shake until 1-2pm I guess Fun morning

[BullBear52x]

for hard core counter trend bears, see /es standard sell the rip on hourly is still intact, for new position this time I will wait for the RSI drop below 60 to go evil on it, with tight stop. same game same rule, rinse and repeat.

[jarbo456]

anyone have thoughts on MRK? odd little ramp and dump.

[uempel]

Flashback to yesterday's ellipse chart:

Today:

Yesterday:

[Al_Dente]

Ned Davis Research
Cash-adjusted PE Ratio

“…companies hold a near-record $3.8 trillion in cash and short-term investments… total cash accounts for roughly 26.1% of total market capitalization for the S&P 500

The chart below shows the cash-adjusted P/E ratio for the S&P 500. This measure removes cash from the total market cap and subtracts non-operating income from earnings…
..When adjusted for cash, the S&P 500 P/E multiple is 13.1, which is below the long-term average of 15.4, indicating that the multiple may have room to expand further.
..Q3 2011, the cash-adjusted multiple fell to 8.2. This was the lowest level for the ratio since Q3 1982, which happened to coincide with the end of the 1966-1982 secular bear market, offering additional support that valuations may have gotten low enough for the start of a secular bull market.
While the ratio implies a fair value near 1400 for the S&P 500, the multiple does not suggest valuations are stretched. In fact, most of our P/E measures do not suggest extremely overvalued conditions…”

[Cobra]

it was a good H1 long. now C&H, bullish.

[ClarkW]

Anyone have any thoughts on ZOLT? Unique, you seem to fancy the individual names

[Cobra]

C&H target met. this bull still has legs.

[Auole]

Anyone thinking blow off top? Hmmm wishful, delusional, unbernankanized thinking.
Trend ADX strength weak here. Not saying this move is done yet though. but this is when, once
again, revert back to 60 min or less for sell off signal or hike up and hold.

[BullBear52x]

There is life in UNG.
Short term swing = BUY
Intraday = Buy the dip

[BullBear52x]

Anyone thinking blow off top? Hmmm wishful, delusional, unbernankanized thinking.
Trend ADX strength weak here. Not saying this move is done yet though. but this is when, once
again, revert back to 60 min or less for sell off signal or hike up and hold.

ES4hrblowofftop.png

I am on sell the rip on this time frame, posted not too long ago, for me wait for RSI to turn down below 60 before making the move.

[essessme]

Anyone have any thoughts on ZOLT? Unique, you seem to fancy the individual names

Hey CW - 14.09 is the hourly/daily high volume mark would expect a test. What it does up there should show the bias goiung forward.

Best of luck

[Unique]

Anyone thinking blow off top? Hmmm wishful, delusional, unbernankanized thinking.
Trend ADX strength weak here. Not saying this move is done yet though. but this is when, once
again, revert back to 60 min or less for sell off signal or hike up and hold.

ES4hrblowofftop.png

This is what Corey Ronsenbloom calls a feedback loop that drives the market up because sellers are failing and getting baited. Buy the dip/breakout, make money. Easy as that

Past few days - GOOG, TSLA are huge popular trains that everybody played