12/05/2015 Weekend Update

[Cobra]

Institutional buying and selling chart from stocktiming shows more distribution than accumulation and distribution is up while accumulation is down so it's topping phase. By the way, I don't think Friday's huge up would change the accumulation a lot because the breadth was unbelievably poor.

• When accumulation and distribution are down means we're in trending phase.

• When accumulation is up, distribution is down, it's a bottoming phase.

• When accumulation is down, distribution is up, it's the topping phase.

[Cobra]

Smart money no huge buying so according to the case 2.) the pullback isn't over?



How I use the 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 sharply 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]

Still only 37% NYSE stocks are above MA200, despite SPX is near all time high.
viewtopic.php?f=10&t=1877&p=208356#p208356

[MrMiyagi]

qqq

[MrMiyagi]

SPY $209.62 hit, and today $205.52 pBar price has 25 targets, more than doubling the January 6th multiple targets of 12.

[marcueus]

SPY $209.62 hit, and today $205.52 pBar price has 25 targets, more than doubling the January 6th multiple targets of 12.

MrMiyagi what is the lowest Pbar on SP500 not yet fullfilled ?

[DellGriffith]

daily SPY:

Its really messy now. What was dec 3rd supposed to be? Wave C down in one day? It must be considered since we got a huge white bar that retraced all of it and then some. I don't like this action. I'm not reopening any swing longs or shorts here unless I see something more definitive.

(My mad money daily trades are not a part of this).

[TraderJoe]

daily SPY:

Its really messy now. What was dec 3rd supposed to be? Wave C down in one day? It must be considered since we got a huge white bar that retraced all of it and then some. I don't like this action. I'm not reopening any swing longs or shorts here unless I see something more definitive.

(My mad money daily trades are not a part of this).

I believe you are WAY off on your count. We are not close to C, I'm sure you will know it when C hits. More like a 2000 point drop.

[fehro]

Weeklies, Dailies candles.. Weeklies a tad suspicious.. RUT/NYSE/DJ-20 - Transports.. all red and weak + DXY - USdollar hence GLD strong.

[fehro]

INDUSTRY groups % weeklies. SPY volume heavy on Friday.

[fehro]

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

Several indicators mid week slipped to the sell side.. trying to bounce but weak so far. % stocks >40d>200d 43% / 33%.
As per Cobra's comment, internals not pretty on Friday.. Hi/Lows ratio weak.

[fehro]

T2 Channels % Stocks 1+2 Channels ><200d Weekly ><40d Daily.

[fehro]

Yields - active this week

[fehro]

Yields v2 - tradingview has an issue with "area" plots.. so sorry the red IRX 13 Wk Treasury is a little intense on the graph.. but moving to multi year highs.

[BullBear52x]

Overall weekly candles are pointing to hanging man. (Doji)

short term SPY, bulls show of force did gain a lot of ground Friday since my mid term is still on sell, this push will fail, IMHO.

[MrMiyagi]

MrMiyagi what is the lowest Pbar on SP500 not yet fullfilled ?

$205.52, of the ones that are within 10 days.

[Coldcold]

Will this do something to the market?

Exclusive: ECB lowered stimulus ambitions after hitting opposition - sources
http://finance.yahoo.com/news/exclusive ... 27867.html

[AndrasGy]

Friday :

Yesterday close down more than -1.3%, today close up more than +1.3%, close > open, close > highest close*0.93:
buy on close, max loss today open, profit target previous high

[Al_Dente]

Crude Oil, oil stocks, and JUICE
Percent change YTD
This answers the question nobody asked: Which oil ETFs are “better” YTD?
[I haven’t even included DIG/DUG because volume shows that traders are not there].

“Crude Oil down 62%, Rig Counts down 66%, Yet Production And Stocks Near All-Time Highs”
[He must be using a different measure than our XLE, which is down 16.55% on the year, but oil stocks, while not “near” ATH are indeed holding up better than crude], and inventory near all-time highs:
http://www.hedgopia.com/crude-oil-%E2%8 ... ime-highs/

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

and here's the same chart EXCEPT IT'S THREE MONTHS %:

[gappy]

Rating Action: Moody's changes outlook to stable on 9 Russian sub-sovereigns; ratings affirmed
Global Credit Research - 04 Dec 2015 (This news was sold) daily:

rusl.PNG

Moody pop reasoning:

Capture.PNG

...and Moody showing it's puppet strings:

aa.PNG

So maybe a rusl pop, and this is positive for a Dow tit for tat ramp, along with reinforcement for tonights tv message by another puppet. Vote Cobra. glta