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Re: 02/18/2014 Live Update
Posted: Tue Feb 18, 2014 1:54 pm
by rhight
Al_Dente wrote:rhight wrote:I look at 1/CPCE (turns put call ratio into call put ratio), to create a positive correlation with SPX, just so the divergences are interpreted normally. That said, I'm noting a large negative divergence with the January high, which I would interpret as bearish for stocks intermediate term (not to say that we are near an intermediate term high, short term, prices can take a some time to react to things like this.) What do others make of this divergence?
Could u post a chart showing what u mean, thx
Do you mean this? (equity call buying is not keeping up with SPY?)
The attachment 218cpce invert_png.png is no longer available
Yep, that's pretty much it. Here's a 5 year view. I also keep a 6 month view to write notations on. No clear signals, just context for other indicators. I would guess that this would indicate hedging, rather than directional bets, but not sure.
Re: 02/18/2014 Live Update
Posted: Tue Feb 18, 2014 1:55 pm
by fehro
SPX 5m... testing 9 day uptrend line once again
Re: 02/18/2014 Live Update
Posted: Tue Feb 18, 2014 1:56 pm
by TraderGirl
Back in October of 2013, I proposed we could see a low for the Dollar and then a period of consolidation before another low on the next cycle bracket in February...that cycle is hitting now...
So if support holds here, possibly we get a rally soon in the dollar??
Re: 02/18/2014 Live Update
Posted: Tue Feb 18, 2014 1:57 pm
by rhight
5, 15, and 60 min neg div would indicate a break down here, but when did that ever stop the bulls?
Re: 02/18/2014 Live Update
Posted: Tue Feb 18, 2014 2:01 pm
by fehro
TraderGirl wrote:Back in October of 2013, I proposed we could see a low for the Dollar and then a period of consolidation before another low on the next cycle bracket in February...that cycle is hitting now...
So if support holds here, possibly we get a rally soon in the dollar??
Weekly, Monthly USD fwiw.
Re: 02/18/2014 Live Update
Posted: Tue Feb 18, 2014 2:05 pm
by Al_Dente
Cobra wrote:Looks like Europeans cannot access our live update forum today. Something wrong with ISP.
stockcharts is reporting ISP problems also
http://blogs.stockcharts.com/status/201 ... tscom.html
Re: 02/18/2014 Live Update
Posted: Tue Feb 18, 2014 2:06 pm
by Vaamsy
Cobra wrote:Vaamsy wrote:Cobra wrote:still up biased.
Isn't that a nice IHS heading to 1849?
IHS must have a downtrend prior to the pattern, we don't have the downtrend, so might not be IHS.
Got it, thanks Cobra. Ascending triangle?
Re: 02/18/2014 Live Update
Posted: Tue Feb 18, 2014 2:09 pm
by TraderGirl
Back in November 2013, I proposed DUST could get a similar pattern that happened in July 2012...
If 5 waves down for "A", then price would have to get below to complete "C".....so far that has occurred....
Re: 02/18/2014 Live Update
Posted: Tue Feb 18, 2014 2:10 pm
by Cobra
again, no failure allowed here otherwise it'd be double top. lunch time, will be back.
Posted: Tue Feb 18, 2014 2:20 pm
by MrMiyagi
TraderGirl wrote:If 5 waves down for "A", then price would have to get below to complete "C".....so far that has occurred....
So, a possible bounce here in
DUST?
Posted: Tue Feb 18, 2014 2:22 pm
by MrMiyagi
- qqq
Re: 02/18/2014 Live Update
Posted: Tue Feb 18, 2014 2:22 pm
by fehro
SPX 5m .. messy... yellow ascending wedge bulls... very messy blue bearish rising wedge... upper gap showing some resistance...
Re: 02/18/2014 Live Update
Posted: Tue Feb 18, 2014 2:24 pm
by BullBear52x
measurement since last IHS of /ES
intraday histrogram is turning bullish I will be careful shorting it here, look pretty toppy tho.
Re:
Posted: Tue Feb 18, 2014 2:25 pm
by fehro
MrMiyagi wrote:TraderGirl wrote:If 5 waves down for "A", then price would have to get below to complete "C".....so far that has occurred....
So, a possible bounce here in
DUST?
GOLD .. end of day chart... around 1323 at the moment.. maybe a little higher tag the pink?
Re: 02/18/2014 Live Update
Posted: Tue Feb 18, 2014 2:29 pm
by Zane
TraderGirl wrote:Back in November 2013, I proposed DUST could get a similar pattern that happened in July 2012...
If 5 waves down for "A", then price would have to get below to complete "C".....so far that has occurred....
after a solid selloff in dust, there was no strong rebound that i was looking for.....
any thoughts about gld and nugt to the upside?
Re: 02/18/2014 Live Update
Posted: Tue Feb 18, 2014 2:36 pm
by rhight
bonds neg divergent to stocks here
Re:
Posted: Tue Feb 18, 2014 2:39 pm
by TraderGirl
MrMiyagi wrote:TraderGirl wrote:If 5 waves down for "A", then price would have to get below to complete "C".....so far that has occurred....
So, a possible bounce here in
DUST?
DUST and GLD don't act exactly inversely to each other, I would look for a bottoming pattern...but here is a crudely annotated chart of $USD compared to GLD....
200 ma needs to hold on the $USD....and weekly momentum would have to turn back up....
Posted: Tue Feb 18, 2014 2:43 pm
by MrMiyagi
TraderGirl wrote:
DUST and GLD don't act exactly inversely to each other, I would look for a bottoming pattern....
DUST is Gold Miners bear index, based off of
HUI (
GDX).
GLD is
Gold ETF.
Re: Re:
Posted: Tue Feb 18, 2014 2:44 pm
by BullBear52x
TraderGirl wrote:MrMiyagi wrote:TraderGirl wrote:If 5 waves down for "A", then price would have to get below to complete "C".....so far that has occurred....
So, a possible bounce here in
DUST?
DUST and GLD don't act exactly inversely to each other, I would look for a bottoming pattern...but here is a crudely annotated chart of $USD compared to GLD....
200 ma needs to hold on the $USD....and weekly momentum would have to turn back up....
my take, buy stop at 24ish. target 130ish.
Re: Re:
Posted: Tue Feb 18, 2014 2:48 pm
by Zane
fehro wrote:MrMiyagi wrote:TraderGirl wrote:If 5 waves down for "A", then price would have to get below to complete "C".....so far that has occurred....
So, a possible bounce here in
DUST?
GOLD .. end of day chart... around 1323 at the moment.. maybe a little higher tag the pink?
gold daily chart RSI is showing way overbought, gld daily is forming stars, not too sure what would happen after yellen this week