04/22/2015 Live Update

[BullBear52x]

Fear is still high. bears almost got it made this morning LOD support got the bull back in action.

[QED]

Sell signal on daily, hourly and 5 minute.

What indicators do you use that show this? Thanks!

[BullBear52x]

Waverider special on $BPSPX suggest not to be overly bullish on swing.

[Daniel]

Waverider special on $BPSPX suggest not to be overly bullish on swing.

Nasdaq, likewise: BPNDX Renko daily also generated a fresh sell signal recently.

[BullBear52x]

Intraday, I buy.

[Out of Bounds]

What indicators do you use that show this? Thanks!

It's a hodgepodge of crossovers and the old Snogginhosh oscillator. I use it to tell me bias and look for entries.

It has not been back tested and can often send me in the wrong direction so I don't use it as a law to tell me what I should do.
It can push down and down while the market goes up, so beware.
I have noticed though that when all three align, it pays to pay attention

[jway888]

Cobra,
Cup and handle in futures?

Capture.PNG

don't trust overnight session.

any update on intraday reading? eg: range high

[fehro]

possible H&S OIL m/d/60

[uempel]

There are several daily cycles pointing to today, some are bearish and others are bullish. Doesn't help much. What's confusing too is that Bullish Percentages look weak and the SPX heavyweights show a bullish bias. Difficult to assess

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

http://stockcharts.com/freecharts/candl ... GE,IBM|B|0

[BullBear52x]

Normally Cobra will mention 2x top, there might be a pull back first and will see

[Daniel]

"It's a hodgepodge of crossovers and the old Snogginhosh oscillator."

It's an unlikely reply, but he's sticking to it.

Meanwhile, although NYSE/Naz breadth has been OK, anemic... the up/down volume ratios have been much stronger. Large caps have been receiving inflows, while many issues are languishing... part of the longer-term "narrowing process".

[JFR]

Flash Crash of 2010. Suspect charged.

Automated trading program. Manipulated market. Set orders in clever, devious fashion. Cancelled before execution. Rode the moves up and down.

http://www.justice.gov/opa/pr/futures-t ... rket-flash

[BullBear52x]

There are several daily cycles pointing to today, some are bearish and others are bullish. Doesn't help much. What's confusing too is that Bullish Percentages look weak and the SPX heavyweights show a bullish bias. Difficult to assess

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

http://stockcharts.com/freecharts/candl ... GE,IBM|B|0

a consolidation phase, sideways market will be lots of winners and losers.

[JFR]

From IBD.

[Out of Bounds]

It's an unlikely reply, but he's sticking to it.

It's like when someone asks to see pictures of your children and you know that they're ugly so you just say you don't have any photos.

[JFR]

And this ...

[tapesense]

For those waiting for the churn to resolve higher, I give you..

The phantom bar of the flash crash http://i.imgur.com/MIs3jvw.png

[uempel]

Flash Crash Trader Arrested in London

This is ridiculous - why are they arresting a small trader who was doing what big Wall Street traders do constantly. Difficult to understand. Whatever, the guy sure is smart.

http://www.bloomberg.com/news/articles/ ... rash-story

[fehro]

SPX possible lunch hour triangle

[Out of Bounds]

DOW has dropped out of the recent upper range. 3 other majors still holding.