01/03/2013 Live Update

[bushwaffle]

fib resistance 1461 support 1451

[Out of Bounds]

Snoggy Oscillator just gave a sell signal. This signal is usually 1-4 hours early. Usually.

not trading this week too busy but I am checking in occasionally.

[BullBear52x]

see my red arrows in waiting?

[Cobra]

a very interesting thing about yesterday was it's a boring day and we didn't have many updates here but the visits soared. I think it implies a capitulation here.

[Nage]

LOL i think it is the "hungry sales" strategy at work.

[Al_Dente]

Has everybody already mentioned a SPY triple top?
OBV negative divergence (neon blue behind volume)
Bulkowski here on triple tops: http://thepatternsite.com/tt.html

[Tabby]

a very interesting thing about yesterday was it's a boring day and we didn't have many updates here but the visits soared. I think it implies a capitulation here.

Looks like Uncle Sam watching you.

[Al_Dente]

COBRA
WTF?
You slipped to #2 again
I demand a recount
WTF are people forgetting to vote or what? http://stockcharts.com/public/1684859

[flrtrader]

see my red arrows in waiting?

You do Exellent work Sir...



Flrtrader

[TraderJoe]

see my red arrows in waiting?

You do Exellent work Sir...

Flrtrader

Yes, BB, I check your blog several times each day. Thanks again

[pezhead9000]

Has everybody already mentioned a SPY triple top?
OBV negative divergence (neon blue behind volume)
Bulkowski here on triple tops: http://thepatternsite.com/tt.html

13triple top.png

I read that OBV doesn't handle gaps very well - not sure because it is calculated by prev closing price

If today's price close > yesterday's price close then OBV = yesterday's OBV + today's volume

[Unique]

Since we stalled yesterday, today is the day to come back to 530-535 AAPL. SPY need to wait a few minutes

First confirmation here. Short here we go baby

Second time here, but may have to wait till 2pm for real action

[Unique]

a very interesting thing about yesterday was it's a boring day and we didn't have many updates here but the visits soared. I think it implies a capitulation here.

It was me, firefox reload per 3 second addon

[Out of Bounds]

Couldn't stay away with that oscillator screaming at me - Short SPY 146.21

[TWT]

SPX: Maybe an ED could complete the wave (A) off the Dec 31 reaction low

[Mr. BachNut]

I have to say this chart is really bothering me.
It is what I use to track the long bond.
[The set-up is a little funky, but it works for me.]

In any case, yields have broken out of a symmetrical triangle, have made new highs and are trending up.
The problem with this is that Uncle Ben really cares about the bond market, for a variety of reasons probably even more than the stock market.
If he let's the momentum build here, he is going to have a problem on his hands (as well as the TSY Secty).
He may already have a problem on his hands given that little debt ceiling issue on the horizon.
In any case, yields have entered a territory where they could provoke Benny in some way at some point (or not).
I consider this a risk to the simple short bonds long equities trade at the moment.

[rc1269]

Has everybody already mentioned a SPY triple top?
OBV negative divergence (neon blue behind volume)
Bulkowski here on triple tops: http://thepatternsite.com/tt.html

13triple top.png

I read that OBV doesn't handle gaps very well - not sure because it is calculated by prev closing price

If today's price close > yesterday's price close then OBV = yesterday's OBV + today's volume

OBV handles gaps just fine. that is to say, appropriately. if prices open the following morning +1% higher but no cash trades have transpired yet, then indeed no money has flowed into that stock between prices A->B. OBV measures money flow. if price changes without any trades taking place, then no money has flowed.

[fehro]

a tad higher? negative divergence possibly forming on RSI. 60m SPX

[rc1269]

I have to say this chart is really bothering me.
It is what I use to track the long bond.
[The set-up is a little funky, but it works for me.]

In any case, yields have broken out of a symmetrical triangle, have made new highs and are trending up.
The problem with this is that Uncle Ben really cares about the bond market, for a variety of reasons probably even more than the stock market.
If he let's the momentum build here, he is going to have a problem on his hands (as well as the TSY Secty).
He may already have a problem on his hands given that little debt ceiling issue on the horizon.
In any case, yields have entered a territory where they could provoke Benny in some way at some point (or not).
I consider this a risk to the simple short bonds long equities trade at the moment.

Long Bond 010313.jpg

Bennie *is* going to have a problem on his hands, that much is nearly certain. there is no question that there will be crashes in multiple financial asset markets when either than plug gets pulled or it gets away from him. both will happen with certainty, as they must. and, all manipulated markets crash eventually, i'm afraid

[Al_Dente]

Has everybody already mentioned a SPY triple top?
OBV negative divergence (neon blue behind volume)
Bulkowski here on triple tops: http://thepatternsite.com/tt.html

13triple top.png

I read that OBV doesn't handle gaps very well - not sure because it is calculated by prev closing price
If today's price close > yesterday's price close then OBV = yesterday's OBV + today's volume

Yes it has its problems, like everything else…….
But I am starting to see neg diverg all over the place ...INTRADAY