05/06/2015 Live Update

[Trades with cats]

Common Knowledge Game- i.e. what is market consensus
1. Monthly jobs report estimates are all over the map, waiting for Goldman to weigh in, as that counts as consensus. Will bad be good and good bad this time because of Fed effect?
2. Greek loan on Monday, current press reports no deal possible by Monday. If they don't get the 7 billion it is good night Irene. Another Sunday night save the markets jaw bone compromise?

Both items could easily move markets and Dell has pointed out Bollingers are primed for an explosive move.

[Tutti]

Filed under FWIW: coming into today the NASDAQ was oversold and I would imagine if we close here we should be nearing extreme levels that have seen bounces over the last 2 or so years.

NASDAQ_McClellanOSC_Oversold_06MAY15.tiff (49.3 KiB) Viewed 3183 times

[Al_Dente]

oii and gas are what's up...

On my watch, long oil just pretty much does what short dollar tells it to do
But depends on yr timeframe as per usual, this is hourly, ignore the vertical lines.

[BullBear52x]

Institutional index, Bears got a stamp of approval today, <900 today. This is why I don't post much today, Momma said " if you got nothing good to say then don't say a word" there is no good word for TA trend following world to said today. both the " It is what it is" and "Keep it simple stupid" department also has nothing positive to say

on the panic side of thing let see how this one goes?

[Out of Bounds]

Filed under FWIW: coming into today the NASDAQ was oversold and I would imagine if we close here we should be nearing extreme levels that have seen bounces over the last 2 or so years.

NASDAQ_McClellanOSC_Oversold_06MAY15.tiff

I can not see this, Tutti.

[Tutti]

Filed under FWIW: coming into today the NASDAQ was oversold and I would imagine if we close here we should be nearing extreme levels that have seen bounces over the last 2 or so years.

The attachment NASDAQ_McClellanOSC_Oversold_06MAY15.tiff is no longer available

I can not see this, Tutti.

Odd...how about this?

[BullBear52x]

oii and gas are what's up...

On my watch, long oil just pretty much does what short dollar tells it to do
But depends on yr timeframe as per usual, this is hourly, ignore the vertical lines.

56oil v udn_png.png

Yes, time frame, time frame.

[Al_Dente]

Hi Tootti
I saw the first one BIG and the second one SMALL but they are as of yesterday's close, no?

[fehro]

XLF today <20d, 50d, 20w all today.. converging 24.24-24.29 .. time for FAZ

[BullBear52x]

intraday trend following, sell next selling wave, the day is old so I doubt it will be a good sell this time, but no way it's a buy for trend guy. this is when TSI is coming handy. Peace out!

[Al_Dente]

someone posted this many pages ago:
Auntie Yellen just said:
"could see sharp jump in rates when Fed hikes ; equity valuations are generally quite high

does anyone have a link to the text of her evil speech ?

[BullBear52x]

Seller watch this.

[Tutti]

Hi Tootti
I saw the first one BIG and the second one SMALL but they are as of yesterday's close, no?

Correct, that's why I think today should bring us into or at least near extreme levels, but wont know until the close...

Here is the Yellen link http://www.bloomberg.com/news/videos/20 ... uite-high-

[Xian]

someone posted this many pages ago:
Auntie Yellen just said:
"could see sharp jump in rates when Fed hikes ; equity valuations are generally quite high

does anyone have a link to the text of her evil speech ?

Boss, here's the speech, but those remarks came during Q&A (See second link)

http://www.businessinsider.com/janet-ye ... y-6-2015-5

http://www.reuters.com/article/2015/05/ ... JI20150506

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2015/05 ... ay-update/

[Cobra]

well, guess that's it for today. Thursday tomorrow has been mixed. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[Daniel]

HOMEBUILDERS, smallcaps, and esp. regional banks showing strength into the close.

[KENA]

All my 3X ETF shorts are do just great...It happens sometimes.

[Daniel]

BPSPX and BPNDX renko issued a strong SELL yesterday, and confirmed today.

[Out of Bounds]

Could be up tomorrow.