01/29/2013 Live Update

[Al_Dente]

sso renko 5min

[Al_Dente]

read too many H&S target in twitter ..... seems lot of ppl convinced XD

what is XD?

[victorm]

Interesting to watch how TZA refusing to go down...

[Major]

Based on my 40+ years of experience with computer systems and programming, "dangerous waters" are exactly that. Glad you were able to control the problem but suggest you consider being careful going forward. One effective hack can cause an unbelievable amount of damage.

Sorry - comment for JFR.

[kenttown]

Interesting to watch how TZA refusing to go down...

Can't say the same for some other bear ETFs. This one just collapsed big time but is showing pos div on stochs.

http://stockcharts.com/h-sc/ui?s=ERY&p= ... 5884275592

[MrMiyagi]

[uempel]

Today's signal was at 1:00 p.m. I'm more interested in tomorrow's signal which strikes at about 1:00 p.m. I don't know if this makes sense because the results of FOMC are due 2:15 p.m. Perhaps my 60 min chart ain't precise enough

[Cobra]

C&H target met.

[Xian]

read too many H&S target in twitter ..... seems lot of ppl convinced XD

what is XD?

It's what the young people say instead of "LOL"

[Al_Dente]

read too many H&S target in twitter ..... seems lot of ppl convinced XD

what is XD?

It's what the young people say instead of "LOL"

is there an approximate translation for us geezers?

[Harapa]

Today's signal was at 1:00 p.m. I'm more interested in tomorrow's signal which strikes at about 1:00 p.m. I don't know if this makes sense because the results of FOMC are due 2:15 p.m. Perhaps my 60 min chart ain't precise enough

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You didn't tell this before otherwise I would posted VIXies update few minutes earlier. It turned positive at exactly 1PM today. Tomorrow is another day for this setup.

[TWT]

$SPX: The Triangle option is now the front runner

[Al_Dente]

top nine spy stocks (most heavily weighted) DAILY

top nine dow stocks (most heavily weighted) DAILY

[MrMiyagi]

Thanks for those Top Ten Charts Al Dente..

[SigmaEcho]

C&H target met.

Dax not really joining the party. kind of top must be near

[Al_Dente]

Thanks for those Top Ten Charts Al Dente..

yw

[gappy]

spx.png

[Xian]

top nine spy stocks (most heavily weighted) DAILY

129top9spy.png

top nine dow stocks (most heavily weighted) DAILY

129top9dow.png

Thanks very much for these Al. I notice no fib on MSFT or AAPL. Any particular reason? I'm curious how MSFT looks to you (or to any other boardies for that matter). At some point this year I'm going to want to take MSFT behind the barn and do the humane thing.

No "XD" translation for us old folks. If their were the kids would just switch to something else. Basically it looks like this: turned on it's side— scrunched eyes and open mouth.

BTW, did anyone catch the ultimate top indicator this weekend?

In case you missed it: http://www.nytimes.com/2013/01/26/busin ... .html?_r=0

First line in the piece? "Americans are falling in love with stocks again."

OY

[Denali92]

Just looking a bit more at the FOMC tendencies – doubt the Fed matters right now – but it is interesting to note that with the SPY’s daily RSI at 81, this is the highest daily RSI reading we have had prior to a Fed meeting in my research which goes back to 1998.

There are only 4 instances of the daily RSI being above 75 the day prior to an FOMC meeting since 1998- the Fed meeting had little impact on the market’s rallies.

The most notable instance I found was May 2007 – where we topped on Fed day (after a big rally prior to the announcement) and fell 35 pts from the Fed day high to the low the next day and then the market rally continued in to a top in June. There have been no instances of the RSI being above 75 since May 2007

So for now, based on my research – as long as we make a new high tomorrow, the rally should be safe from the risk of a major top (not that there will be a major top – just see the research above for the info on pre FOMC tops) until at least after the employment number – though a minor top and small pullback could occur starting any time from tomorrow through to next week (normally it is on Fed day or the day after, but the employment number changes those dynamics)

-D

[Al_Dente]

trin