10/24/2012 Live Update

[Al_Dente]

For all those who might have developed interest in the VIXies 5 min trading system.
Purpose of any good mechanical systems is to have well defined entry exit setup that occur well advance of a major move. This system has the potential of being such a system. As we get closer to 2:15PM FOMC announcement don’t expect any miracle from this system. Here, I show signals by this system that preceded two ramp ups in response to central bankers (EU/FED) actions. If future is reflection of the past, current status of the system very much speaks of its expectation. (Green line =Bullish Signal, Red line:Bearish signal)
Currently VIXies favor bears!

thanks doc..... very nice
my scalp rules are FLAT b4 FED
but that's just me...... and just 4 scalp only
They could turn the tables on us

[TraderGirl]

Everyone keeps talking about China bottoming...Check out this chart...

China hit a lower high on a top of some kind in our market..and before our market topped out, China began to fall...

Hopefully this will put a kabosh on anyone who thinks China has bottomed....

[TraderGirl]

UCO, nearing gap support?

I assume same applies for USO?
I see you took your picture away from us drooling pasty-skinned basement dwellers here...

i "captured" her pix b4 she took it down
TG is now on my refrigerator

[TWT]

XIV: It is one of the best indicators to gauge the end of SPX corrective pattern

[Petsamo]

Red candlestick or no red candlestick, things are looking bullish, fellas

[Cobra]

I'm back from lunch dream. nothing to say, 25 min to show time, so just relax.

[Al_Dente]

XIV: It is one of the best indicators to gauge the end of SPX corrective pattern

THANKS TWT

[Al_Dente]

CLARK
UNG
http://www.zerohedge.com/news/2012-10-2 ... stabilized
[caution: it’s zerohedge… but source is CS]

[essessme]

pullback in yields into Monday at the triangle apex then up into turkey day?

[TWT]

XIV: It is one of the best indicators to gauge the end of SPX corrective pattern

THANKS TWT

You are most welcome

[ClarkW]

Everyone keeps talking about China bottoming...Check out this chart...

China hit a lower high on a top of some kind in our market..and before our market topped out, China began to fall...

Hopefully this will put a kabosh on anyone who thinks China has bottomed....

Thanks TraderGirl! I've been long PGJ to play China for a couple weeks and while it's correlation to $SSEC was nice before I purchased, not so much since then. It's on a short leash because I'm leery of the China bottom talk as well

[ClarkW]

CLARK
UNG
http://www.zerohedge.com/news/2012-10-2 ... stabilized
[caution: it’s zerohedge… but source is CS]

Thanks Al! Printed and will read tonight

[Me XMan]

t-120

[Al_Dente]

Everyone keeps talking about China bottoming...Check out this chart...
China hit a lower high on a top of some kind in our market..and before our market topped out, China began to fall...
Hopefully this will put a kabosh on anyone who thinks China has bottomed....

Thanks TraderGirl! I've been long PGJ to play China for a couple weeks and while it's correlation to $SSEC was nice before I purchased, not so much since then. It's on a short leash because I'm leery of the China bottom talk as well

PGJ is a proxy for $HXC the china measure (halter index) loaded with ADRs
My China Portfolio friends at Cabot watch that like a hawk
But PGJ has lousy volume for traders, they seem to much prefer FXI which tracks hang seng more than shanghai

[ClarkW]

Looks like more of the same (going down) coming for UNG today unless announcement changes things

[ClarkW]

Everyone keeps talking about China bottoming...Check out this chart...
China hit a lower high on a top of some kind in our market..and before our market topped out, China began to fall...
Hopefully this will put a kabosh on anyone who thinks China has bottomed....

Thanks TraderGirl! I've been long PGJ to play China for a couple weeks and while it's correlation to $SSEC was nice before I purchased, not so much since then. It's on a short leash because I'm leery of the China bottom talk as well

PGJ is a proxy for $HXC the china measure (halter index) loaded with ADRs
My China Portfolio friends at Cabot watch that like a hawk
But PGJ has lousy volume for traders, they seem to much prefer FXI which tracks hang seng more than shanghai

Thanks Al!

[Petsamo]

Is da Bernak speaking ?

[TraderGirl]

spx trying to maintain 1412 level...

[Me XMan]

No interviews and questions. Nada until after election.

Is da Bernak speaking ?

[Al_Dente]

Is da Bernak speaking ?

he's not supposed to speak, just release of fomc
FED SAYS HOUSING SECTOR SHOWS SOME FURTHER SIGNS OF IMPROVEMENT
•*FED SAYS U.S. HOUSEHOLD SPENDING ADVANCED `A BIT MORE QUICKLY'
•*FED REPEATS `EXCEPTIONALLY LOW' RATES AT LEAST THROUGH MID-2015
•*FED REPEATS IT WILL CONTINUE OPERATION TWIST THROUGH YEAR-END
•*FED TO KEEP BUYING $40B A MONTH OF MORTGAGE-BACKED SECURITIES
•*FED REITERATES `SIGNIFICANT DOWNSIDE RISKS' TO ECONOMY