02/04/2015 Live Update

[fehro]

SPY 4hr.. Full moon yesterday. fwiw.

[Xian]

Xian, yep. IBB is just down and laying there. no bounce yet.

Snake needs a fist bump emoji, but until that happens I'll just kick it old school and say, "Word."

[KENA]

NYA moved up and is still in triangle for a few more days until breakout either up or dn. NYA needs to get up above 10800+ and hold for good up move for bulls.

chart by stocktiming

[Xian]

DIS is just one of those Peter Lynch stocks that I straight missed. Went to a million Frozen birthday parties, Frozen plays, Frozen Halloween costumes— Heck, they even got Frozen sledding/snow at California Adventure (provided you don't get measles)…. just let it slide right by. How long can that icy broad keep that sh*t rollin'?

[KENA]

If you follow the BDI. Things do not look good a few weeks/months out. BDI in the past has been a good lagging info.

[FlowerGirl]

Thank you NUGT......
viewtopic.php?f=2&t=1569&p=183236#p183236

[fehro]

SPX minor possible H&S..

[uempel]

BPs look good:

http://stockcharts.com/freecharts/candl ... BPENER|B|0

[fehro]

INDEX days.. TLT testing 20d .. slipping a tad under some 50d

[FlowerGirl]

Long NUGT (again)...
viewtopic.php?f=2&t=1570&sd=d#p183273

[Cobra]

possible double bottom

[Xian]

Hard job, man— but still beats digging a ditch

[Unique]

CL final alert for the ongoing trade

viewtopic.php?f=2&t=1569&p=183197#p183197

Rest of the 1/4 contracts sold at 51 as trailing stop triggered. Fun trades, easy money relatively
Going on vacation, peace out.

[Al_Dente]

10 day %
discretionary takes the lead

[fehro]

still there. straightened neckline.. but VIX still looking weakish…but has invs H&S of sorts as well.. needs a move over 18 for it play out. SPX at 50d

[fehro]

VIX daily.. holding support of sorts.. and 50d tag… VIX made a lower low… SPX has not made a higher high today yet.. compared to yesterday..

[Al_Dente]

Staples is down more than -10% (more news on office depot takeover)
“Island Reversal Gap” (unless the gap is completely filled before the close today)

[fehro]

NDX .. AAPL testing all time highs.. everyone else.. not so much..

[Mr. BachNut]

I revised my interpretation of the NYMO cycle chart.
On Friday, I said a down cycle had begun with a lower high lower low completion.
However, yesterday NYMO closed up and above both the January and December highs.
So, the cycle realistically remains up.
Friday was month end, and month end trade can be noise rather than signal. So, I am thinking it was a fake out.
I have put some possible upside targets back on the chart to think about.

It is interesting to see NYMO progressing like this while price is range bound.
It says that there is some strength in breadth under the surface, but bulls I guess aren't as vigorous as they used to be.
Perhaps NYMO peaks before an upside range breakout, or perhaps it peaks while price makes a double top or last ATH for awhile.
We shall see.

I sold the 50 day MA yesterday based on Friday's interpretation and other things.
I closed it out this morning for beer money given the new view.
The asymmetry for a downside move remains good but the edge is dulled.
So, I am flat and open to going either way as things change.
Also, I experienced whiplash in a number of other markets yesterday, which suggests caution may be in order.

[uempel]

BPs keep on gaining strength, next SPX target is 2060.

http://stockcharts.com/freecharts/candl ... BPENER|B|0