02/22/2013 Live Update

[Cobra]

not big red after morning hourly black bar, but still it's red. https://stockcharts.com/public/1684859/ ... /286407830;

[KeiZai]

Clark here is ST coffee what I think it's going on there, will post some charts in WW

break above 150 would likely negate the last leg down

[uempel]

Net Long. Carrying longs and shorts.
Worked hedge yesterday. Strength today would stop it out.

My composite trend indicator is up but issued a potential change in trend warning yesterday. Continued weakness could possibly turn it next week. Guessing it will hold though.
My summation signal remains down and sent a fresh signal yesterday. It would be shortable, especially if yesterday's lows were broken, but for the fact that MO is oversold.
So, nothing to do here. Worth revisiting if the MO corrects back to the zero neighborhood as a rally may be a set up to retest yesterday's low. The opening trade this morning got MO out of oversold intra-day but not close to zero. Need to see how the day progresses.

I look forward to see how the week closes this afternoon. Looks like trading equities may get more interesting in the day's ahead.

What does MO stand for? I don't think you are using it as "momentum", so I don't quite know what you mean...

[uempel]

Update:

[Al_Dente]

Edit re VXZ
I think that means that the futures traders of MEDIUM TERM VOLATILITY are a bit bullish at the moment
They don’t believe my sell-spy signals on my daily charts...
??
Comments welcomed

AD: SPY PnF Target still 162 despite two-day correction:
http://stockcharts.com/freecharts/gallery.html?spy

thanks !

[Al_Dente]

Edit re VXZ
I think that means that the futures traders of MEDIUM TERM VOLATILITY are a bit bullish at the moment
They don’t believe my sell-spy signals on my daily charts...
??
Comments welcomed

The far end of VIX term structure (which what VXZ represents) tends to "not in alignment" with the near term end on turning points;usually it is early for buy and late for sell SPY.
Currently all in sell mode.

thanks !

[gappy]

oy.png

5 - 13 near cross. http://www.youtube.com/watch?v=4DacUt7sdLo

[Cobra]

possible target.

[JFR]

pbar on APD ...

[Mr. BachNut]

Net Long. Carrying longs and shorts.
Worked hedge yesterday. Strength today would stop it out.

My composite trend indicator is up but issued a potential change in trend warning yesterday. Continued weakness could possibly turn it next week. Guessing it will hold though.
My summation signal remains down and sent a fresh signal yesterday. It would be shortable, especially if yesterday's lows were broken, but for the fact that MO is oversold.
So, nothing to do here. Worth revisiting if the MO corrects back to the zero neighborhood as a rally may be a set up to retest yesterday's low. The opening trade this morning got MO out of oversold intra-day but not close to zero. Need to see how the day progresses.

I look forward to see how the week closes this afternoon. Looks like trading equities may get more interesting in the day's ahead.

What does MO stand for? I don't think you are using it as "momentum", so I don't quite know what you mean...

Sorry. McClellan Oscillator. Too lazy to type it out all the time...

[uempel]

Edit re VXZ
I think that means that the futures traders of MEDIUM TERM VOLATILITY are a bit bullish at the moment
They don’t believe my sell-spy signals on my daily charts...
??
Comments welcomed

AD: SPY PnF Target still 162 despite two-day correction:

http://stockcharts.com/freecharts/gallery.html?spy

Targets on the P&Fs are generated automatically and hardly ever come true. P&Fs are great for support and resistance...

[TraderGirl]

Here are the kind of pullbacks we have had in the past, so I am assuming we get it again...A then B, then 5 waves down for C...but sometimes it's not so easy to see until after the waves have developed.

I knew we would probably not see a lower low after Nov 16th because I could count 5 waves down for "C".. many were expecting another low as we had back in June '12...I was not...

One of the EW attributes is that when wave 2 is simple there will usually be a more complicated wave structure for wave 4, and vice versa..you can see the difference...

My charts don't indicate a long drawn out correction, but you never know...sentiment changes on a dime....my long term chart indicated we would see resistance at 14,000 and we could not stay above...now it shows we 500-700 pt pullback...but sometimes price on my chart is not totally accurate...but we will see...

[Mr. BachNut]

Net Long. Carrying longs and shorts.
Worked hedge yesterday. Strength today would stop it out.

My composite trend indicator is up but issued a potential change in trend warning yesterday. Continued weakness could possibly turn it next week. Guessing it will hold though.
My summation signal remains down and sent a fresh signal yesterday. It would be shortable, especially if yesterday's lows were broken, but for the fact that MO is oversold.
So, nothing to do here. Worth revisiting if the MO corrects back to the zero neighborhood as a rally may be a set up to retest yesterday's low. The opening trade this morning got MO out of oversold intra-day but not close to zero. Need to see how the day progresses.

I look forward to see how the week closes this afternoon. Looks like trading equities may get more interesting in the day's ahead.

What does MO stand for? I don't think you are using it as "momentum", so I don't quite know what you mean...

Sorry. McClellan Oscillator. Too lazy to type it out all the time...

And my "summation signal" is a treatment of the McClellan Summation Index, which is derived from the McClellan Oscillator.
These are my lenses for studying breadth, which I like to do as a separate matter from my composite trend indicator which primarily studies measures of price and volume.

[BullBear52x]

Bears case only get stronger if $BPSPX closes red today

[Al_Dente]

AD: SPY PnF Target still 162 despite two-day correction:

Targets on the P&Fs are generated automatically and hardly ever come true. P&Fs are great for support and resistance...

Thanks !
P&F......but doesn’t that open a can-of-worms about the BPs that we rarely discuss?
that P&F = BP can be off?
Or no?

[ClarkW]

Clark here is ST coffee what I think it's going on there, will post some charts in WW

break above 150 would likely negate the last leg down

Coff2.png

Awesome, KeiZai! Thanks!

[Out of Bounds]

I thought I was out but the market dragged me back in.

Quick short here.

[BullBear52x]

Morning all

ES : getting close

O: viewtopic.php?f=2&t=832&p=118859#p118859

ES-bounce.png

DAX : back in short @ 7672 but one more push up cannot be ruled out

O: viewtopic.php?f=2&t=832&p=118844#p118844

DAX-22.png

Google just for fun

Google.png

GBP/USD : if this is MB I see good MT opportunity here

GBP-USD-meg.png

later

KeiZai, lower today still possible on /ES? looks like 5 dma is holding.

[Cobra]

looks like I was wrong. this rebound has legs, so it could indeed be bullish falling wedge.

[Unique]

SPY..