06/26/2013 Live Update

[MrMiyagi]

Anyone know why $TRIN>1 all day today?

Stocks are going up on low volume. TRIN dissection here.

[Al_Dente]

Dr AL: buying any bondos yet?

Longer term target is based on my old inverseH&S on yield (top panel: target range 32 is about 3.2%),
and H&S on UST (price panel; UST updates only end-of-day)
I don’t expect either to hit targets without bouncing…
WEEKLY

[BullBear52x]

there's more mid to long term post at my corner

Thank you for sharing

here is more of why this level at the moment is important

[joegamma]

Ned Davis Research on bond fund liquidations

626ned bonds_png.png

Dr AL: buying any bondos yet?
left a lower low perhaps, good? chance for a higher high on intraday charts....may wait for 7yr sale thursday to add

I wouldn't buy bonds here...TNX still looks like it has another leg coming...then it would be nearing a possible trendline resistance....

Gracias! TGirl, I got a bit bloody last week while trying to catch the falling knife....
its somewhat disappointing all the positive jawboning from fed members has not knocked 10yr rates much lower....

[Al_Dente]

Melbane Faber is on our unofficial approved list
But this is “average 3 year”
NOT intraday; NOT short term
“What Happens When You Buy Assets Down 80%?”
http://www.mebanefaber.com/2013/06/25/w ... s-down-80/
[for bottom fishers ONLY, who are long-termers ONLY: note the last three words of his text]

http://www.youtube.com/watch?v=LLwhDb7J7TY

[joeynickels]

$TRINQ at 0.5 shows better support for today's move up for QQQ.

[TraderGirl]

Ned Davis Research on bond fund liquidations

The attachment 626ned bonds_png.png is no longer available

Dr AL: buying any bondos yet?
left a lower low perhaps, good? chance for a higher high on intraday charts....may wait for 7yr sale thursday to add

I wouldn't buy bonds here...TNX still looks like it has another leg coming...then it would be nearing a possible trendline resistance....

Gracias! TGirl, I got a bit bloody last week while trying to catch the falling knife....
its somewhat disappointing all the positive jawboning from fed members has not knocked 10yr rates much lower....

Just looking at the price action in the medium term...may see a bounce and another move down (in TLT), so be careful...if we get a spike up in the markets tomorrow, TMV could find support at this lower trendline....??

[uempel]

Update 1:30 p.m. signal

[Cobra]

breakout as expected. here's C&H text book target.

[Al_Dente]

$TRINQ at 0.5 shows better support for today's move up for QQQ.

Agree
It’s “funny” how TRINQ is often more sober for QQQ than TRIN is for SPY
Do u know (can u speculate) why?
Thanx in adv

[joeynickels]

$TRINQ at 0.5 shows better support for today's move up for QQQ.

Agree
It’s “funny” how TRINQ is often more sober for QQQ than TRIN is for SPY
Do u know (can u speculate) why?
Thanx in adv

Don't know Al... My only speculation is that the number of stocks for QQQ is only 100 vs SPY 500.

[ALdaytrade]

I thought we were going down, today at the end of today, as we are at 20 ma support for $VIX. Also on my fast sto setting K% is at 3.14. So, there is no where else to go for $VIX, except up??? Plus $VIX has not touched the 5ma for the second day now, so tomorrow, tomorrow it should be up to above the 5ma.

This happens quite frequently.

After making some good money, I should take a day off instead of thinking I know what is happening. Down for the day, on my account...

[Cobra]

another possible target.

[MrMiyagi]

[Unique]

I thought we were going down, today at the end of today, as we are at 20 ma support for $VIX. Also on my fast sto setting K% is at 3.14. So, there is no where else to go for $VIX, except up??? Plus $VIX has not touched the 5ma for the second day now, so tomorrow, tomorrow it should be up to above the 5ma.

This happens quite frequently.

After making some good money, I should take a day off instead of thinking I know what is happening. Down for the day, on my account...

Here's a rule of mine, if made good money in the morning then either take the rest of day off or trade smaller position in the afternoon to ensure a green day. Good luck

[Al_Dente]

$TRINQ at 0.5 shows better support for today's move up for QQQ.

Agree
It’s “funny” how TRINQ is often more sober for QQQ than TRIN is for SPY
Do u know (can u speculate) why?
Thanx in adv

Don't know Al... My only speculation is that the number of stocks for QQQ is only 100 vs SPY 500.

good point thanks

[joegamma]

today intraday russl looks just like yesterday....do we rally into close? the 15min interanls do not look very strong relative to tuesday (except nyadv)
do we get yet another gap up?
watching ma x-overs, 10/50 and also weekly 13ema, looking to place some L/T shorts but

Pomo bigger on Thursday

4th July just around the corner, Bullish IN, Bullish Out, according to bespoke holiday seasonals....

[ALdaytrade]

Thank you for this chart, Mr. Miyagi. I noticed this too and therefore thought that there would be a turn today to a temporary down direction.

[Al_Dente]

WSJ just realized: “Bottom Is Falling Out of Copper Prices”
http://online.wsj.com/article/SB1000142 ... 06774.html
We knew that in April when it confirmed a long-term H&S by busting its neckline
[so "suck-it" Wall Street Journal ]

[MrMiyagi]

Thank you for this chart, Mr. Miyagi. I noticed this too and therefore thought that there would be a turn today to a temporary down direction.

I read your post AL, it goes very well with the chart!