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Re: 05/20/2015 Live Update
Posted: Wed May 20, 2015 2:47 pm
by Junior Buffett
brucekeller wrote:SPX top can't be until 2138 because that is the 1.618 Fib ext from 07 to 09 or something like that.
This rally is too good to be true..it's like a dream run..it has to end somewhere and soon..just don't know at what point..
Re: 05/20/2015 Live Update
Posted: Wed May 20, 2015 2:53 pm
by fehro
fun with fibs.. 38% retrace = 2007 highs..SPX fwiw.. +/- a couple of points
Re: 05/20/2015 Live Update
Posted: Wed May 20, 2015 2:59 pm
by BullBear52x
Fear on UVXY, a closed in green today will indicate the bottom is forming, a closed above 41.70 will confirmed the bottom is in and should have a good 5-10% run (warning very high octane stuff here)
Re: 05/20/2015 Live Update
Posted: Wed May 20, 2015 3:00 pm
by Junior Buffett
fehro wrote:fun with fibs.. 38% retrace = 2007 highs..SPX fwiw.. +/- a couple of points
If this happens within a year, I will buy you a case of Beer!
Posted: Wed May 20, 2015 3:03 pm
by MrMiyagi
!!! POWER HOUR !!!
Re: 05/20/2015 Live Update
Posted: Wed May 20, 2015 3:06 pm
by Daniel
Every sector that I track is currently consolidating in the middle of its daily range, but most are twd the upper end. None are near breakout.
Posted: Wed May 20, 2015 3:08 pm
by MrMiyagi
Relatively tame FOMC reaction.
Re:
Posted: Wed May 20, 2015 3:10 pm
by BullBear52x
MrMiyagi wrote:Relatively tame FOMC reaction.
You are hard to please, new high for the head line on every financial news outlet, not good?
Re: 05/20/2015 Live Update
Posted: Wed May 20, 2015 3:13 pm
by BullBear52x
Buy item.
BABA
Re: 05/20/2015 Live Update
Posted: Wed May 20, 2015 3:15 pm
by Daniel
Noteworthy strong today-- SMH (semis); weak-- KRE (regional banks)
Huge intraday meltdown in EWZ and ILF, other EMs more stable.
Re: 05/20/2015 Live Update
Posted: Wed May 20, 2015 3:15 pm
by BullBear52x
GPRO
Re: 05/20/2015 Live Update
Posted: Wed May 20, 2015 3:16 pm
by Cobra
well, this is unexpected. pullback too sharp so the push up was just a vacuum up.
Re:
Posted: Wed May 20, 2015 3:17 pm
by Al_Dente
MrMiyagi wrote:!!! POWER HOUR !!!
Re: 05/20/2015 Live Update
Posted: Wed May 20, 2015 3:18 pm
by fehro
Junior Buffett wrote:fehro wrote:fun with fibs.. 38% retrace = 2007 highs..SPX fwiw.. +/- a couple of points
If this happens within a year, I will buy you a case of Beer!
LOL!... if that happens within a year... a new vehicle or two, .. will be on order!
Re: 05/20/2015 Live Update
Posted: Wed May 20, 2015 3:20 pm
by brokebybernacke2
fehro wrote:fun with fibs.. 38% retrace = 2007 highs..SPX fwiw.. +/- a couple of points
like that 50-61.8 area....
Re: Re:
Posted: Wed May 20, 2015 3:21 pm
by Daniel
Al_Dente wrote: . . .
I asssume that the picture of Leonardo DeCapriCAT and his babe on the prow is meant to imply the market is like the Titanic and an iceberg is ahead..?
Re: 05/20/2015 Live Update
Posted: Wed May 20, 2015 3:22 pm
by fehro
2nd FOMC taget coming up...
Re: 05/20/2015 Live Update
Posted: Wed May 20, 2015 3:25 pm
by Daniel
fehro wrote:2nd FOMC taget coming up..
SPY 212.75 level has been strong support today.
Re: 05/20/2015 Live Update
Posted: Wed May 20, 2015 3:32 pm
by fehro
INDEX days.. wide range dojis.. TRAN looks fugly
Re: 05/20/2015 Live Update
Posted: Wed May 20, 2015 3:34 pm
by BullBear52x
Chart for the road. 5DMA is key for bulls to keep. two sell attempts so far.