02/18/2014 Live Update

[rhight]

I look at 1/CPCE (turns put call ratio into call put ratio), to create a positive correlation with SPX, just so the divergences are interpreted normally. That said, I'm noting a large negative divergence with the January high, which I would interpret as bearish for stocks intermediate term (not to say that we are near an intermediate term high, short term, prices can take a some time to react to things like this.) What do others make of this divergence?

Could u post a chart showing what u mean, thx
Do you mean this? (equity call buying is not keeping up with SPY?)

The attachment 218cpce invert_png.png is no longer available

Yep, that's pretty much it. Here's a 5 year view. I also keep a 6 month view to write notations on. No clear signals, just context for other indicators. I would guess that this would indicate hedging, rather than directional bets, but not sure.

[fehro]

SPX 5m... testing 9 day uptrend line once again

[TraderGirl]

Back in October of 2013, I proposed we could see a low for the Dollar and then a period of consolidation before another low on the next cycle bracket in February...that cycle is hitting now...

So if support holds here, possibly we get a rally soon in the dollar??

[rhight]

5, 15, and 60 min neg div would indicate a break down here, but when did that ever stop the bulls?

[fehro]

Back in October of 2013, I proposed we could see a low for the Dollar and then a period of consolidation before another low on the next cycle bracket in February...that cycle is hitting now...

So if support holds here, possibly we get a rally soon in the dollar??

Weekly, Monthly USD fwiw.

[Al_Dente]

Looks like Europeans cannot access our live update forum today. Something wrong with ISP.

stockcharts is reporting ISP problems also
http://blogs.stockcharts.com/status/201 ... tscom.html

[Vaamsy]

still up biased.

Isn't that a nice IHS heading to 1849?

IHS must have a downtrend prior to the pattern, we don't have the downtrend, so might not be IHS.

Got it, thanks Cobra. Ascending triangle?

[TraderGirl]

Back in November 2013, I proposed DUST could get a similar pattern that happened in July 2012...

If 5 waves down for "A", then price would have to get below to complete "C".....so far that has occurred....

[Cobra]

again, no failure allowed here otherwise it'd be double top. lunch time, will be back.

[MrMiyagi]

If 5 waves down for "A", then price would have to get below to complete "C".....so far that has occurred....

So, a possible bounce here in DUST?

[MrMiyagi]

qqq

[fehro]

SPX 5m .. messy... yellow ascending wedge bulls... very messy blue bearish rising wedge... upper gap showing some resistance...

[BullBear52x]

measurement since last IHS of /ES

intraday histrogram is turning bullish I will be careful shorting it here, look pretty toppy tho.

[fehro]

If 5 waves down for "A", then price would have to get below to complete "C".....so far that has occurred....

So, a possible bounce here in DUST?

GOLD .. end of day chart... around 1323 at the moment.. maybe a little higher tag the pink?

[Zane]

Back in November 2013, I proposed DUST could get a similar pattern that happened in July 2012...

If 5 waves down for "A", then price would have to get below to complete "C".....so far that has occurred....

after a solid selloff in dust, there was no strong rebound that i was looking for.....

any thoughts about gld and nugt to the upside?

[rhight]

bonds neg divergent to stocks here

[TraderGirl]

If 5 waves down for "A", then price would have to get below to complete "C".....so far that has occurred....

So, a possible bounce here in DUST?

DUST and GLD don't act exactly inversely to each other, I would look for a bottoming pattern...but here is a crudely annotated chart of $USD compared to GLD....

200 ma needs to hold on the $USD....and weekly momentum would have to turn back up....

[MrMiyagi]

DUST and GLD don't act exactly inversely to each other, I would look for a bottoming pattern....

DUST is Gold Miners bear index, based off of HUI (GDX). GLD is Gold ETF.

[BullBear52x]

If 5 waves down for "A", then price would have to get below to complete "C".....so far that has occurred....

So, a possible bounce here in DUST?

DUST and GLD don't act exactly inversely to each other, I would look for a bottoming pattern...but here is a crudely annotated chart of $USD compared to GLD....

200 ma needs to hold on the $USD....and weekly momentum would have to turn back up....

my take, buy stop at 24ish. target 130ish.

[Zane]

If 5 waves down for "A", then price would have to get below to complete "C".....so far that has occurred....

So, a possible bounce here in DUST?

GOLD .. end of day chart... around 1323 at the moment.. maybe a little higher tag the pink?

gold daily chart RSI is showing way overbought, gld daily is forming stars, not too sure what would happen after yellen this week