02/22/2016 Live Update

[josephli]

Intraday NYMO at +75.64. That's pretty damned high. Did go to +95 in October.

indeed, the algos is trying to mirror oct 7th if they are still trying to follow october pattern

[Al_Dente]

ES 03-16 (20000 Tick) 2_22_2016.png

My slow view of the ES-20,000 tick chart. Light grey is the European open. Clearly all the heavy lifting was done by the Asian markets, reportedly based on news of massive credit creation. Western markets are doing nothing much to help. That is why I am a sceptic, because only PBOC has been dropping Yuan from helicopters.

great chart thanks

[DellGriffith]

Daily SPY:

we're chasing the upper bb but haven't caught it yet. Might not make it to the all time record of 82 days.

[fehro]

SPX 50d just 5.5ish points higher..

[Al_Dente]

Who are the % strongest INTRADAY in the OEX-100 large caps

Some/many are dead-cats like Devon, but volume Friday on DVN was the most in at least a decade…. (only 3yrs shown here)
So exhaustion volume… or “near exhaustion volume.”

[Trades with cats]

Was short covering in the oil patch a factor in Devon volume. The opportunity to sell forward could bring in enough cash to make the next round of interest payments.

[josephli]

Could still be a rising triangle. not nice. meanwhile, USDJPY retreated.

[Al_Dente]

Was short covering in the oil patch a factor in Devon volume. The opportunity to sell forward could bring in enough cash to make the next round of interest payments.

Boss u kno energy much better than I do
Zacks recently gave DVN a Rank #4 (Sell)
With DVN down -70.4% YoY, and down -41.7% YTD …. I find this a hoot:
http://finance.yahoo.com/news/rubio-pic ... 35485.html

[superxy]

2353.png

how about recent pbars? All up hit, should we expect hitting down pbars

[fehro]

Could still be a rising triangle. not nice. meanwhile, USDJPY retreated.

yup sloppy /ES - 5m

[MrMiyagi]

SPY 50sma resistance today.

[BullBear52x]

New word in Trader vocabulary. BREXIT
We learned GREXIT last year now move on to new word BREXIT.

[fehro]

SPX .. still riding the hourly trends.. VVIX showing some life.. bulls see *BULL flag SPX retest Wed high possible 1930ish on a pullback.. then mind the possible inverted hammer daily. bears dream

[MrMiyagi]

qqq

[Trades with cats]

All I know about energy is that I had to promise my wife (several years ago) that I would never trade oil again.

What I do know is that when your banks have been told by the Federal Reserve to cut you off and the bond market says No Mas you absolutely have to pump every drop to raise cash, and being able to sell forward in the market bounces can make a big difference. At the least it will once again prolong the agony for a bunch of these companies. Watch next month when the refiners shut down for the switch over to summer blend.

[josephli]

All I know about energy is that I had to promise my wife (several years ago) that I would never trade oil again.

What I do know is that when your banks have been told by the Federal Reserve to cut you off and the bond market says No Mas you absolutely have to pump every drop to raise cash, and being able to sell forward in the market bounces can make a big difference. At the least it will once again prolong the agony for a bunch of these companies. Watch next month when the refiners shut down for the switch over to summer blend.

thanks. crude is a beast.

[BullBear52x]

see AA goes, $GYX industrial metals is breaking out of long term bottom today, bottom fishing alert.

[MrMiyagi]

USO at 10 BB overhead resistance today.

[BullBear52x]

CAT is not dead any more. it bounce bounce and go.

[MrMiyagi]

!!! POWER HOUR !!!