09/27/2014 Weekend Update

[Cobra]

The institutional buying and selling chart (courtesy of stocktiming) shows rapid rising distribution, despite the market hasn't down much. I read it as a bad sign.

Smart money short a little but not extreme, so nothing interesting.

[Cobra]

summary of the week's stop picks - why buy stop to trade the setup is important.
viewtopic.php?f=10&t=1431&p=171953#p171953

[Cobra]

preview of the next week's stock picks:
viewtopic.php?f=10&t=1438&p=171955#p171955

[BullBear52x]

Summation index is not looking pretty, down under zero line. not happen much since the QE infinity starts.

[BullBear52x]

Bullish signs short term.
A daily bullish Harami candle.

NYMO/NAMO oversold, the selling is exhausted (dead cat/lion bounce to be expected)

Hourly RSI positive divergence for counter trend expert.

[gappy]

Weekly "best fib fit" update. "Projected" forward S@P earnings jump q/q this week.

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BTFD. Vote Cobra. glta

[DellGriffith]

[RedKite]

The rise on Friday looks genuine for the short term, as NYHL was negative five days in a row and that's a common signal of a bottom.
In the medium term there's a nasty pattern developing on !PRDIFEUR (Stockcharts Pring European Diffusion). If it plays out then we'd get about a week of good bullish movement in the general markets then a flat few days followed by the start of a major down, around 15%. The pattern played out July 2011 and December 2007. It should be at least a week before we know if it's happening this time. Meanwhile, the bottom on Thursday is not all that trustworthy because TICK was so low. I'm waiting a few days for the air to clear.

[BullBear52x]

Where is everyone?
UNG and USO green shoot/bottom fishing looking better by the day.

GLD and SLV springs time is long way out, seeing no light just yet on mid to long term entry buy, next sell trigger before I can see the do or die on metals

[BullBear52x]

TLT is back to buy mode after the last sell failed.

UUP, the sky is the limit

[BullBear52x]

When institutional, Banking, and High yield guru were bearish, who am I to know better than those guys but to follow them, Sharky sharky watch!

Peace! Salmon season is kicking in gear in Washington another short week for me

[DellGriffith]