07/01/2014 Live Update

[billrider321]

Denali - Havent heard from you. please post your turning point when you get a chance.

[Al_Dente]

[MrMiyagi]

spyX

iwm

[fehro]

SPX 5m

[gappy]

Capture.PNG

[Heck]

150% calls/puts All securities
and 210% c/p Equity
= Unbelievable New Highs

SPX target 2040

http://www.ise.com/market-data...

[q2model]

3228.png

3229.png

Everything for SPY is hit, now what??

[MrMiyagi]

Everything for SPY is hit, now what??

Now.. we DANCE!!!!!

[fehro]

Time to try a short.....maybe make that a big short

[johnnywa]

Some boardies may be familiar with posts by zstock7 in the blog-o-sphere.

FWIW, here are some study findings he reported in another forum around the end of June:

most stocks go into their earnings at rsi 50---this is A FACT, for as long as i have been trading, no exceptions!
by mid july, a lot of these stocks currently at rsi 65-80, and there are a lot---
WILL come down to rsi 50, (that's a fact),

therefore---there most certainly will be a pullback before mid july, if i have my macro correct...i'm pretty sure i have it right.

a 6% pullback on QQQ doubles or triples the in the money puts.
that's what i'd look for july pre-earnings---and it's approx rsi 80 down to 50
a correction greater than 10%, seems very unlikely

That is exactly what I posted this morning at open.Look for high next Tuesday maybe Wed then correct into mid month 15th

[soku]

most stocks go into their earnings at rsi 50---this is A FACT, for as long as i have been trading, no exceptions!
by mid july, a lot of these stocks currently at rsi 65-80, and there are a lot---
WILL come down to rsi 50, (that's a fact),

is this really a fact? most stocks? no exception?
here is a list of stocks to release earnings this week. $IRET $AYI $SHLM $CAMP $PAYX $STZ $GBX $UNF $SNX $ISCA $ESI
can anybody tell me which one is at rsi 50 before er?

[MrMiyagi]

dicon

[Cobra]

no doubt the pullback would be bought, I just wish if it could touch EMA20 blue line first.

[tsf]

most stocks go into their earnings at rsi 50---this is A FACT, for as long as i have been trading, no exceptions!
by mid july, a lot of these stocks currently at rsi 65-80, and there are a lot---
WILL come down to rsi 50, (that's a fact),

is this really a fact? most stocks? no exception?
here is a list of stocks to release earnings this week. $IRET $AYI $SHLM $CAMP $PAYX $STZ $GBX $UNF $SNX $ISCA $ESI
can anybody tell me which one is at rsi 50 before er?

soku, as I mentioned in my post, those findings were reported by zstock7
in another forun, I don't have any more info. He often posts at the Slope and has his own paid service website,
that's why I don't mention the web address here.

[quientuves]

4h.png

I always find those kind of charts misleading... It all depends at which time-point do you start. Move it one month sooner or 15 days later and the meaning you find could be different. Just MHO...

[MrMiyagi]

I always find those kind of charts misleading... It all depends at which time-point do you start. Move it one month sooner of 15 days later and the meaning you find could be different. Just MHO...

The point to that chart is to merely show that from a Divergence back in May, COMPQ and RUT have now caught up to SPX and INDU.

When the two laggards were headed lower, the question many asked was "who is leading who?". The answer is quite clear.

Yellen is leading everyone.

[soku]

soku, as I mentioned in my post, those findings were reported by zstock7
in another forun, I don't have any more info. He often posts at the Slope and has his own paid service website,
that's why I don't mention the web address here.

yes i know. i am not blaming anybody. i just want to point out the "fact" may not be the fact.
i am a big rsi fan. i have done tons of quant work on it. all indicators i posted here are on rsi as well. in fact i think i should change my id to soRSI

[Al_Dente]

Update T2104
Currently higher high, so I think Cobra’s target should be met soon
THANKS SNAKE

[Al_Dente]

[not market related]
Inside Google’s WORLD CUP war room
http://recode.net/2014/06/27/inside-the ... -war-room/

[uempel]

Bernanke, Yellen, the whole QE thing reminds me of Dr. Faustus, a play by the late 18th century German playwright Goethe:

The story is about the fate of Faust in his quest for the true essence of life. Frustrated with learning and the limits to his knowledge, power, and enjoyment of life, he attracts the attention of the Devil (represented by Mephistopheles), who agrees to serve Faust until the moment he attains the zenith of human happiness, such that he cries out to that moment to "stay, thou art so beautiful!" — at which point Mephistopheles may take his soul. Faust is pleased with the deal, as he believes this happy zenith will never come. (Wikipedia)

I'd be much more comfortable with today's markets without this mucking around by the central bankers.