05/06/2015 Live Update

[MrMiyagi]

Ship hit iceberg.. she's not holding...

[MrMiyagi]

All downside pBars on the 3 indexes have been hit, just upsides left.

[Al_Dente]

TLT the bond ETF overshot the trendline, and is breaking critical support.
It’s been outside the lower bolinger for six days straight and is quite oversold.
While yield $TNX is just now probing potential triple-top resistance

This is an overlay of multiple-duration treasurys on the same time scale. TLT is the bright red.

[fehro]

Ship hit iceberg.. she's not holding...

are we entering the slow bleed phase vs the slow grind up .. everyone waiting for the bounce to short.. and it never comes.. we just bleed.. slowly day by day.. not enough to freak out long term bulls.. and frustrate traders.. trying to short...

[Daniel]

SPY tags daily lower B-band for first time in over a month.

Most of the MACD-triggered Sell in May selling should now be over. Firming in the afternoon session with continued smallcap leadership might make a compelling BUY on the small or midcap indexes...

[uempel]

Update:

[fehro]

VIX daily.. testing 200d again..

[Cobra]

members only update at 1:05 pm
http://www.cobrasmarketview.com/2015/05 ... ay-update/

[Cobra]

2nd test of day low, 40% chances of double bottom. key time.

[Al_Dente]

I show a 2/1 stock split scheduled for SSO on 5/20
Can anyone verify this?

[Mr. BachNut]

My usual NYMO chart.

A little more down and NYMO will enter the potential turn zone.
This is not oversold per se (it can go a bunch lower), but this is an area where NYMO often finds a low.
Sometime price makes a low contemporaneous with a NYMO low and sometimes it makes it after with a positive NYMO divergence.

Price is approaching a line in the sand now.
Me thinks there be stops under SPX 2072.37.

So, we might see a capitulation of sorts soon, which could set the stage for a NYMO low and an up cycle start.
Given the wedge break (noted yesterday), it becomes unclear whether an up cycle would take us to new highs just yet.
We're not that far from the highs at the moment. So, maybe.
The R2K has been finding firmer ground today. They have been leading a bit lately. So, we'll see.

[mozart]

Ship hit iceberg.. she's not holding...

Like Titanic
This is beatuful market to trade

[MrMiyagi]

I show a 2/1 stock split scheduled for SSO on 5/20
Can anyone verify this?

Yes.

[fehro]

SPX descending triangle 1m?.. holding trends... but a break.. 2070 looks next..

[Al_Dente]

Ned Davis Research on bond flows
(ZERO in march )

[Al_Dente]

Thanks MrMboss

[fehro]

USOIL.. possible minor H&S 60m

[uempel]

Thanks MrMboss

Al, if Miyagi is MrMboss am I the UeBoss

[jademann]

Hope Mr Cletus is buying here..

[Out of Bounds]

I'm Baaaaack.
Short 207.76

I had some things to do and they all went so well, my day opened up.