12/26/2012 Live Update

[Mr. BachNut]

JNK still green today. So, that canary in the coal mine is still tweeting.
I have some support appearing between SPX 1413-1416 (basically 50 day MA and center of a Keltner channel).
Perhaps a hold for awhile or bounce in that neighborhood.

[nightwolf]

VIXies Update:
Bearish for equities in Short_Intermediate_Long term. This setup needs to issue a buy before any meaningful up move in SPY. It is in sell mode since 12/14/12.

Hi Harapa
Which Vixes gave you a signal from 12/14?

[Harapa]

VIXies Update:
Bearish for equities in Short_Intermediate_Long term. This setup needs to issue a buy before any meaningful up move in SPY. It is in sell mode since 12/14/12.

Hi Harapa
Which Vixes gave you a signal from 12/14?

Shown in bottom two panels, but signal has other considerations not shown on the chart.

[Claudio.dicorato]

Cobra you stay flat for another day even if in your charts Now it seems more bearish trend...

[BullBear52x]

If you really really really really want to buy something, would it be nice to see the black or white bar/candle from this DAILY SPY:VIX? just saying

[MrMiyagi]

Getting close for VIX to turn around.
I think SPX may hit 1408-1410.

[BullBear52x]

Intraday, sell GLD, was waiting for the rip sell spot, but I guess chasing is inviting....nah...wait.

[BullBear52x]

Getting close for VIX to turn around.
I think SPX may hit 1408-1410.

Master M. what say you on these mushrooms?

[MrMiyagi]

Intraday, sell GLD, was waiting for the rip sell spot, but I guess chasing is inviting....nah...wait.

Gold and silver are pathetically weak, they are behaving like the sickly kid in grade-school that always had the flu, got better, got leukemia, got better, got attacked by a dog, got better, got shot, got bett... you get the idea.

[Cobra]

Cobra you stay flat for another day even if in your charts Now it seems more bearish trend...

I didn't see any good setup yet. Really, this Fiscal Cliff stuff really hard to trade. I think there's not enough time for any deal.

[MrMiyagi]

I didn't see any good setup yet. Really, this Fiscal Cliff stuff really hard to trade. I think there's not enough time for any deal.

I have a feeling that they are waiting for all the sheisters to get back to their trading desks in New York after the holidays.

[ClarkW]

They'll wait until beginning of next year, in my opinion. Passing this year = tax raises but same thing next year after the automatic changes take effect = technically not "raising the taxes on the rich"

[BullBear52x]

Come to papa I got left chart for swing set up, right chart is intraday, so....intraday is a go evil now on GLD

[BullBear52x]

one more chart for SPY, swing is sell, intraday is also sell. that's all I got to day, good luck all.

[Cobra]

2 legged up rebound, not up much, so the bias still is down.

[Petsamo]

Maybe this sell off is attributable to lousy Christmas sales, the weakest since 2008.

I wonder if sales of gift cards are counted as sales

[Harapa]

one more chart for SPY, swing is sell, intraday is also sell. that's all I got to day, good luck all.

What is your take on IWM?

[L_T]

one more chart for SPY, swing is sell, intraday is also sell. that's all I got to day, good luck all.

What is your take on IWM?

Uptrend still intact on a daily chart (weeks) time frame. Seasonality also favors holding Smallies here.

Overbought conditions are now burned off as well.

[StudentBill]

Double bottom on 15 minute SPX?

[Harapa]

one more chart for SPY, swing is sell, intraday is also sell. that's all I got to day, good luck all.

What is your take on IWM?

Uptrend still intact on a daily chart (weeks) time frame. Seasonality also favors holding Smallies here.

Overbought conditions are now burned off as well.

Thanks, but should I ignore VIXies?