02/24/2014 Live Update

[uempel]

Just an observation ...

[Nrsimha]

An observation for all you Aroon fans out there (and a reminder for all you SPY bulls):

Look at weekly SPY chart with Aroon. Note that it turned red briefly and is now green.

Now look at SPY:GLD.

or $SPX:$GOLD

[uempel]

Update:

SPX13.png

Either that or its a bull trap...

That's why I keep on checking the Bullish Percentages - and so far they are confirming this bullish move.

[TraderGirl]

Anyone own HPQ??

Buy the dip

I have a C&H target for HPQ of around 42.00

I'm in until 10 week crosses below the 20-week (or until it hits 42-ish).

That seems a little too ambitious...

[BullBear52x]

/ES and cash SPX is still in a conflict mode, I am expecting more volatility ahead.

/ES hourly is on the sell again, but this time a stop will be where the histogram cross bullish, I like to see it cross back bullish to align with SPX that will make a trade in same direction, not so much of guess work.

[MrMiyagi]

!!!! POWER HOUR !!!!

[TraderGirl]

TraderGirl:

What's your take on GDX, NUGT, $HUI, etc .... ? Time for a pullback?

depends on what the dollar is going to do...if it sees a bottom soon, then metals could see a pullback...metals are hard to trade in short term turns....

But I believe the medium term is still bearish on the metals...may see some short term moves up, but in looking at Silver, I still see a potential bear wave coming at some point...

[BullBear52x]

/ES intraday, buy is about to fail right hand side chart. left is hourly.

[BullBear52x]

fib extensions is at support.

[Al_Dente]

XIV sell signal did not get stopped out yet
XIV failed to make a fresh high and is in substantial disagreement with the SPY rally; still in bear divergence from 23 Dec (dashed red line)
Either she busts out soon, or my target is in the 30 zone

[uempel]

Bullish Percentages still strong:

http://stockcharts.com/freecharts/candl ... ,$BPINDU|B

[BullBear52x]

cash is in buy the dip zone (intraday) one more buy coupon before a fat lady sings.

[uempel]

Nrsimha might have been right with his Bull Trap suspicion

[BullBear52x]

XIV sell signal did not get stopped out yet
XIV failed to make a fresh high and is in substantial disagreement with the SPY rally; still in bear divergence from 23 Dec (dashed red line)
Either she busts out soon, or my target is in the 30 zone

The attachment 224xiv_png.png is no longer available

XIV is in buy the dip mode from my corner.

[TraderGirl]

There is a "T" hitting tomorrow sometime..so perhaps the bigger turn happens then...wave count suggests if there is a pullback soon intraday, perhaps another leg up into tomorrow?...so perhaps this could be a possible outcome...but even if we get a pullback beginning tomorrow, based on the wave count, highs are not done yet IMHO, at least on the SPY/SPX...

The T is hitting tomorrow at 9:30 a.m.

My hourly chart says anywhere from 10:30-11:30am PST, but your charts are pretty accurate, we will see..

The "T" off the double bottom says possible signal hitting soon?? (Intraday only signal)

The "T" off the double bottom timed a turn as indicated...now price pattern still playing out as previously indicated this morning...p-bar up to 186.10, so bounce still possible... intraday charts indicate a pullback as we are getting then bounce...

[Al_Dente]

XIV sell signal did not get stopped out yet
XIV failed to make a fresh high and is in substantial disagreement with the SPY rally; still in bear divergence from 23 Dec (dashed red line)
Either she busts out soon, or my target is in the 30 zone

224xiv_png.png

XIV is in buy the dip mode from my corner.

[MrMiyagi]

iwm

[Cobra]

members only update at 3:39 pm
http://www.cobrasmarketview.com/2014/02 ... ay-update/

[Cobra]

this is not a typical strong up day where it's supposed to be up and up and up and close high of the day. does it mean bulls are tired? I don't know need see the next few days.

[ALdaytrade]

There is a "T" hitting tomorrow sometime..so perhaps the bigger turn happens then...wave count suggests if there is a pullback soon intraday, perhaps another leg up into tomorrow?...so perhaps this could be a possible outcome...but even if we get a pullback beginning tomorrow, based on the wave count, highs are not done yet IMHO, at least on the SPY/SPX...

The T is hitting tomorrow at 9:30 a.m.

My hourly chart says anywhere from 10:30-11:30am PST, but your charts are pretty accurate, we will see..

The "T" off the double bottom says possible signal hitting soon?? (Intraday only signal)

The "T" off the double bottom timed a turn as indicated...now price pattern still playing out as previously indicated this morning...p-bar up to 186.10, so bounce still possible... intraday charts indicate a pullback as we are getting then bounce...

Thank you very much for posting this information for everyone to view. I appreciate your charts immensely.