07/11/2015 Weekend Update

[Cobra]

Institutional buying and selling chart from stocktiming shows more distribution than accumulation. However the accumulation is rising while the distribution is declining which means that institutions are buying the dip which should be the 1st sign toward a bottom.

[Cobra]

Smart money huge buy in the recent couple of weeks. I think the condition 2.) below could be applied therefore some chances the low was in? (I cannot believe this)


Since there're some arguments about how to read the chart, so it's necessary for me to explain here how I use this chart:

I don't care what's the logic behind the chart. I found it works in the following two cases:

1.) When market up huge, if I see smart money huge short, best if new record short, then I know a short-term pullback is due soon.
2.) When market down, if I see smart money suddenly rises from very negative value, then I know the pullback was over.

So I only use this chart for the above 2 cases. Besides those 2 cases, it means nothing to me. i.e. the absolute value of this chart means nothing to me, I only care if it rises sharply or drops sharply.

[Cobra]

Summary of the week's stock picks.
viewtopic.php?f=10&t=1722&p=195643#p195643

[cletus]

Smart money huge buy in the recent couple of weeks. I think the condition 2.) below could be applied therefore some chances the low was in? (I cannot believe this)


Since there're some arguments about how to read the chart, so it's necessary for me to explain here how I use this chart:

I don't care what's the logic behind the chart. I found it works in the following two cases:

1.) When market up huge, if I see smart money huge short, best if new record short, then I know a short-term pullback is due soon.
2.) When market down, if I see smart money suddenly rises from very negative value, then I know the pullback was over.

So I only use this chart for the above 2 cases. Besides those 2 cases, it means nothing to me. i.e. the absolute value of this chart means nothing to me, I only care if it rises sharply or drops sharply.

If you don't understand the absolute value of the chart, probably best to not comment on it. I can tell you what it means. It means people are long stocks, because HEDGERS only go short when they want to hedge a long book. The release of those shorts may or may not indicate a bottom, but the negative absolute value confirms the bullish trend to the market. Is it not obvious that the market has been going up ever since the absolute value went negative?

This is not complicated.

[cletus]

I'm done here. Bye. Too stubborn analysis.

[fehro]

Index Dailies/Weekly Candles

[fehro]

Indusrtry % Weeklies *SPY chart was showing Dec 2014, adjust to YTD

[fehro]

T2 http://www.worden.com/TeleChartHelp/Con ... rs_T2s.htm

[fehro]

T2 Channels % Stocks 1+2 Channels <200d W <40d Daily

[fehro]

Yields

[Al_Dente]

Dear Cobra:
Please remove Cletus from this blog.
Everyone has him blocked anyway, nonetheless he cannot be allowed to insult you.
Differences of opinion are always appreciated, but insulting our host is not acceptable.
Thank you,
Al Dente

[Cobra]

The weekly stock picks are for everyone:
viewtopic.php?f=10&t=1729&p=195653#p195653

[Cobra]

Dear Cobra:
Please remove Cletus from this blog.
Everyone has him blocked anyway, nonetheless he cannot be allowed to insult you.
Differences of opinion are always appreciated, but insulting our host is not acceptable.
Thank you,
Al Dente

Frankly, I think he does not think like ordinary people. As no matter how we explain to him, even when our views are bullish, he has only one answer: you're wrong, market is bullish, it's going up forever. I find it very interesting and unbelievable.

Also I noticed, whenever the market is down, he disappears. Whenever the market is up, he then jumps out then pointing finger to everyone saying you (everyone) bears are so foolish.

[QED]

Music Interlude:

Henry Thomas
Don't Leave Me Here
https://www.youtube.com/watch?v=qq-tNhtrkF4

[tsf]

Source: Dana Lyons
https://twitter.com/JLyonsFundMgmt

[Daniel]

Dear Cobra:
Please remove Cletus from this blog.
Everyone has him blocked anyway, nonetheless he cannot be allowed to insult you.
Differences of opinion are always appreciated, but insulting our host is not acceptable.
Thank you,
Al Dente

Frankly, I think he does not think like ordinary people.

I concur with Al Dente, and I am grateful to him for stating so plainly what he thinks and feels and why.

I chose the IGNORE option for this individual very early on, so I have no idea what Al D. is referring to by "insult", nor should I, nor should it matter.

One does not have to sit in judgment on a person in order to say that they are "Tone Deaf" to suggestions on how not to be annoying. It is really not difficult, on this Board, not to be annoying. Cobra da even courteously provides us the ability to edit our posts, in case we wish to redress inadvertant wordings, which might have given unintended offence.

This board adds value most and best when it becomes like a Borg, as well as a streaming board. A convivial spirit serves that best. Bad 'wah' is never needed, and anything which causes Cobra to have to spend energy and time on administrative matters--much
less 'babysitting' board members with 'special needs'--is bad 'wah', is disharmony.

Cobra is too kind-hearted as it is. These distractions cost him attention better paid to analytical work on behalf of his members and followers. End of story. Participation in this board is a privilege, not a constitutional right.

[tsf]

Source: Sentiment Trader
https://twitter.com/sentimentrader

[fehro]

/ES Weekly... in between channel, trends. At mid cyan channel. Could go fill upper gap, and tag broken yellow wedge 20d/50d .. 2100 range ..prior to heading back down ..or fill lower gap 2015 range.

[fehro]

Source: Sentiment Trader
https://twitter.com/sentimentrader

thanks!.. a mild twist on that.. fwiw.. would be nicer to see on a larger chart, and 2007/2008 time frames.. the divergences are a tad interesting... not making a case either way.. just looking/playing

[Al_Dente]

Thanks cobra and daniel
ELSEWHERE:
VIX
Caveats: very small sample size, looking back only to 2010, recency bias.
Other than that it’s interesting to see what happened to SPX after the VIX was up +70% year-over-year
http://www.schaeffersresearch.com/conte ... aign=Recap

vote snake: https://stockcharts.com/public/1684859