02/28/2014 Live Update

[rhight]

I think this pop is also related to FX, which I can't try to understand, someone please explain

Same here, best I can do is watch the price reaction
Eg: what does this mean? Well FXI pulled way back so it means neg?
“The Chinese yuan takes its largest drop since 2005. The yuan fell …to a 10-month low … in Shanghai. "FX sales data released this week point to continued strong capital inflows in January, and there are no signs of large capital outflows or sharp deterioration in fundamentals in recent weeks"…

US companies selling abroad make more $$$ when the exchange rate of the $ is weak ..

I understand a lot of that, competitive devaluation, central bank collusion/cooperation, etc - I think China is a bit of a wild card. It's currency is loosely pegged to the USD, and some articles conclude that they have recently decided to expand the peg window to drive out carry traders (I suppose that has something to do with controlling domestic inflation). It's all very complex. I'm not sure that any over-arching authority is really in control, and with world wide debt so high, and the ability to pay back becoming questionable in the face of another (potential) business cycle peak, that opens the door to a fragile and unstable system, and continued somewhat desperate inflation attempts by monetary policy authorities. Bloomberg suggests that the weaker economic reports has traders thinking the Fed will back off the taper, (but that decision hasn't been made yet, and the market is getting ahead of itself, IMHO) ; you see, again just trading the bad news is good, asset inflation card. Just go 100% bull every Daily swing low until something breaks, seems to be the working strategy at this point. Selling/shorting trend line resistance (but which time/frame channel?) may also work, but may still be risky in this outrageously bullish price environment.

http://seekingalpha.com/article/2049613 ... other-blip

[KeiZai]

At the mom it look like the move will be to the downside. Somebody might have better info in regard to internals, but my view is that next move is downish...

The attachment S.png is no longer available

Will join you soon mate, we just need a small divergence and thats it

[TraderGirl]

I have a potential ending wave count and a time signal off the "T" coming up soon...not sure if it will have an effect..we'll see...

So far there was a reaction, we'll see if it is sustained...there is another cycle hitting around 11am PST..

[Al_Dente]

Nyadv 2000
Volume ratio 1.7 to 1 bull
Bull Trend day, but a weak one
No chasing
Frequent pullbacks are buyable until clear trend reversal
(different from strong macho bull-trend day when there are few/no pullbacks, today every pullback has the potential to attract shorts and reverse trend)
[all just bla bla luv to hear myself talk, grain of salt]

[Out of Bounds]

Perspective

[L_T]

From Bespoke:

http://www.bespokeinvest.com/

[uempel]

Nyadv 2000
Volume ratio 1.7 to 1 bull
Bull Trend day, but a weak one
No chasing
Frequent pullbacks are buyable until clear trend reversal
(different from strong macho bull-trend day when there are few/no pullbacks, today every pullback has the potential to attract shorts and reverse trend)
[all just bla bla luv to hear myself talk, grain of salt]

You talk beautifully

[flumanchu]

Another Big POMO day today for yet another Market High Close:

Thu, Feb 27, 2014 Fri, Feb 28, 2014 Outright Treasury Coupon Purchases 02/28/2018 - 11/15/2018 $3.50 - $4.25 billion
Fri, Feb 28, 2014 Mon, Mar 3, 2014 Outright Treasury Coupon Purchases 02/15/2036 - 02/15/2044 $1.00 - $1.25 billion

Next month's Calendar comes out at 3:00 EST, we'll see how next month will shake out.

Note: If the daily avg POMO next month is greater than $1.8 billion per day, then the market will continue to rise.
My guess is the Fed is aiming for the April / May timeframe to get the avg POMO below $1.8 - which will bring the market down, just in time for all the big boys to go to the Hamptons for the summer...

.

[Al_Dente]

......You talk beautifully

FAS fresh hi
+2.6% today

[Royal Flush]

Checking the very long term picture ...

SPX8.png

Excellent short uempel. The bulls are trying hard to squeeze all bears who realize that 1863 is a measured move.

[MrMiyagi]

qqq

spy

[Al_Dente]

Group portrait uses RSI-14 and 50ma (hourly) on each

[koolblue]

Heres the way i see it...

[silicon_beaver]

Waiting for MM coming back after lunch time. Now just slow.

[Al_Dente]

Rare that I see a H&S on the RSI-14
5min
idk

[Out of Bounds]

Warren Buffett vs Jeff Bezos

[KeiZai]

Checking the very long term picture ...

The attachment SPX8.png is no longer available

Excellent short uempel. The bulls are trying hard to squeeze all bears who realize that 1863 is a measured move.

I see different MM is it 161.8 of ?something?

[Al_Dente]

One month performance of some sectors.
Home Construction (green) was on a tear
McClellan sees a dip coming:
http://www.mcoscillator.com/learning_ce ... for_a_dip/

[KeiZai]

Rare that I see a H&S on the RSI-14
5min
idk

The attachment 228rsi hs_png.png is no longer available

YEP short-term looks ending diagonalish could/should end this wave then the retrace

[TraderGirl]

Warren Buffett vs Jeff Bezos

Perhaps ending wave??

Btw, not saying it can't go higher in the future..just means a possible larger pullback..