02/11/2015 Live Update

[BullBear52x]

also played DUST for quick profit.
anybody interested in GRPN earnings? views? charts? links?

There is some strength on GRPN

[Out of Bounds]

Russel breadth is finally positive. Others still slightly negative.

[silicon_beaver]

Oil up from intraday bottom. pretty strong.
So SPX will be up.

[BullBear52x]

Here is AD movement. sideways foreEVA

[fehro]

SPX still sideways.. top of flag / triangle.. if you want to add a line .. higher lows over the last couple of hours. VIX weak.. but may pause here

[BullBear52x]

Oil up from intraday bottom. pretty strong.
So SPX will be up.

after USO magic 31 lost its footing are you still using oil indicator?

[BullBear52x]

Haha 2058

[Trades with cats]

Lets see if oil follows the weekly cycle for the third time. Media blitz to imply the bottom may be in leads to up trend in prices. Weekly rig count or other positive news widely circulated, then the sell off when the hard data comes out on Wednesday morning. It ought to work until the buyers run out of money. When the US is building inventory at 700,000 barrels a day and we are going into refinery shut down (shoulder) season. I suppose they will start writing about how huge the summer driving season will be because the Fed isn't raising rates

[fehro]

SPX.. a little excitement..

[Cobra]

must be a bad news, now let's see if it can break the blue line below.

[MrMiyagi]

Someone must have sneezed....

[gappy]

Lunchtime lookin. Not happy campers.

Capture.PNG

No worries, market has it baked in. Ponzi pops fading to continue til new highs are here.

[fehro]

SPX nearing possible initial support..

[Al_Dente]

Germany iShare need to see new HH, back in the no man's land will be tough to trade for a while.

Dear Bossman
In my view EWG is lousy as a proxy for $DAX germany
Try HEDJ, it tracks germany better (it’s Europe with a currency hedge)
This is just a simple overlay chart (not percentage): $DAX (eod) is brown, HEDJ is pink, EWG is gold
Just IMHO and FYI and FWIW

[jway888]

Lunchtime lookin. Not happy campers.

Capture.PNG

No worries, market has it baked in. Ponzi pops fading to continue til new highs are here.

whose that grumpy old man look sitting on the right?

[Out of Bounds]

Jumping out of longs and into shorts. - hell, I'm kind of guessing here because everything just keeps flipping on itself.

[fehro]

SPX.. VIX makes it over yellow resistance.. could see a sharp down move in SPX

[BullBear52x]

Germany iShare need to see new HH, back in the no man's land will be tough to trade for a while.

Dear Bossman
In my view EWG is lousy as a proxy for $DAX germany
Try HEDJ, it tracks germany better (it’s Europe with a currency hedge)
This is just a simple overlay chart (not percentage): $DAX (eod) is black, HEDJ is pink, EWG is gold
Just IMHO and FYI and FWIW

211dax_png.png

Thx, I will add HEDJ on my watch list.

[Cobra]

too early to say but my GUESS is it'd breakdown, the high might be in for today.

[gappy]

Lets see if oil follows the weekly cycle for the third time. Media blitz to imply the bottom may be in leads to up trend in prices. Weekly rig count or other positive news widely circulated, then the sell off when the hard data comes out on Wednesday morning. It ought to work until the buyers run out of money. When the US is building inventory at 700,000 barrels a day and we are going into refinery shut down (shoulder) season. I suppose they will start writing about how huge the summer driving season will be because the Fed isn't raising rates

Look at any small driller (15 mbpd) balance sheet. 20 to 30% are line of credit due eoy. Levered 5 times. Typically 250 million. The rest due in 3 to 5 years. How many creditors will be hurt, not to mention the small royalty income owners (lease holders) who pay outs are halted by the pump head being shut down until price comes back up. The headwinds in the oil patch are just starting.