01/18/2014 Weekend Update

[KeiZai]

The overnight price action was interesting that the ascending triangle was broken but es turned immediately to upside, instead of following through to the downside.

Hi Knock! not in my chart, could it be a p-bar?

[Al_Dente]

Happy Dr. Martin Luther King, Jr. Birthday to all.

Technical Alerts:

Off Topic:
Discretionary/Cyclicals (XLY) have been on a swing-sell signal all Jan. (Who’s to blame: retail XRT).
Most of the “sector rotation” folks are still recommending holding the sector long, overweight, but they usually call the intermediate/longer term.
Swing XLY is approaching an important double- bottom, which should provide support for at least a temporary bounce. If it can’t hold this double bottom, we’re in trouble…

[knock]

Hmm, I am scratching my head. This is es 5min in IB:

The overnight price action was interesting that the ascending triangle was broken but es turned immediately to upside, instead of following through to the downside.

Hi Knock! not in my chart, could it be a p-bar?

ES-as2.png

[gappy]

1.18.14: SP 500 Earnings Update: Consumer Discretionary Sector Looking Wobbly http://fundamentalis.com/?p=3175 Industrial America is a hedge-fund in drag… http://fundamentalis.com/?p=3201

[KeiZai]

Hmm, I am scratching my head. This is es 5min in IB:

The overnight price action was interesting that the ascending triangle was broken but es turned immediately to upside, instead of following through to the downside.

Hi Knock! not in my chart, could it be a p-bar?

The attachment ES-as2.png is no longer available

Oh yeah thanks Knock now I see what u mean

Bulkowski: http://thepatternsite.com/Blog.html#P21

[KeiZai]

Hmm, I am scratching my head. This is es 5min in IB:

The overnight price action was interesting that the ascending triangle was broken but es turned immediately to upside, instead of following through to the downside.

Hi Knock! not in my chart, could it be a p-bar?

The attachment ES-as2.png is no longer available

Oh yeah thanks Knock now I see what u mean

The attachment ES-as3.png is no longer available

Bulkowski: http://thepatternsite.com/Blog.html#P21

OMG this was the longest and most boring day ever

Closed 1/2 here @1837 and rest with BE now

It's time to sleep now

[knock]

I feel new high is ahead us next week.

Hmm, I am scratching my head. This is es 5min in IB:

The overnight price action was interesting that the ascending triangle was broken but es turned immediately to upside, instead of following through to the downside.

Hi Knock! not in my chart, could it be a p-bar?

ES-as2.png

Oh yeah thanks Knock now I see what u mean

ES-as3.png

Bulkowski: http://thepatternsite.com/Blog.html#P21

OMG this was the longest and most boring day ever

Closed 1/2 here @1837 and rest with BE now

ES-asc4.png

It's time to sleep now

[KeiZai]

I feel new high is ahead us next week.

GM! We need to break the range then it is possible (inverse HnS) otherwise lower before higher

[koolblue]

Heres what i have heading into the open...nice reaction off of the 161.8, but i would wait for the 200% or more for a short