05/31/2013 Live Update

[knock]

IH&S, baby. da moon

[Al_Dente]

Here’s INVERTED trin on the 5min, showing the parallel to 5/29
INVERTED trin is blue on top panel
inverted VIXs on bottom panel

[TWT]

$SPX: So far the pattern from yesterday´s hod remains impulsive

[MrMiyagi]

It happened two days ago also (5/29)
Racer29 had some interesting comments on that TRIN behavior, and a chart on cobra’s “intraday update” 5/29

I nots member....

[Mr. BachNut]

Yet TRIN remains bull all day

TRIN at 0.71 on stockcharts for a while, I'm beginning to think there is a glitch

I think if advance decline is headed down like today but the volume on the advancing issues is relatively greater than the volume on the declining you can get a trin that looks like this.
So, I have to wonder what is driving the volumes here...

The TRIN has been low enough for long enough, I'll probably be getting an ARMs sell warning today. Seems odd as the market has been going nowhere.

[Out of Bounds]

watch out bearish signal everywhere.

[RealMoneyIssues]

watch out bearish signal everywhere.

No worries, Bears are all on vacation

[Out of Bounds]

watch out bearish signal everywhere.

No worries, Bears are all on vacation

But it has been 5 days without a record high!

[Al_Dente]

Yet TRIN remains bull all day

TRIN at 0.71 on stockcharts for a while, I'm beginning to think there is a glitch

I think if advance decline is headed down like today but the volume on the advancing issues is relatively greater than the volume on the declining you can get a trin that looks like this.
So, I have to wonder what is driving the volumes here...
The TRIN has been low enough for long enough, I'll probably be getting an ARMs sell warning today. Seems odd as the market has been going nowhere.

Thanks Mr B
So: in a nutshell:
There is more volume flowing into advancing stocks, even though the actual number of advancing issues is very low (900). That indicates less (not broad) participation; fewer stocks are getting the juice (weak breadth); most are down (1900)

There is no “glitch” in the data.
I only like momentum divergence as a leading indicator, I hate divergences in the internals……..internals work best when they align properly…. intraday only….example: with nydec 1999, if trin would have cooperated, this would/could have been a down -100 to -150 point day….

Agree or disagree?
Intraday only

[Cobra]

testing pullback low, key time.

[MrMiyagi]

Last chance to sell in May.

[Out of Bounds]

Short and holding over the weekend. Have a great weekend everyone!

[RealMoneyIssues]

Short and holding over the weekend. Have a great weekend everyone!

Good Luck with the shorts

[Cobra]

looks like tinted area target is possible.

[fehro]

SPX 5m, gap filled on channel support.

[victorm]

any thoughts on gold? please, sold HGU 12.56 yesterday with a gold 1414, now gold 1391 but HGU 12.85..., such a bullishness?

[Cobra]

another possible target. volume surge, biggest bar, so might see rebound first here though.

[MrMiyagi]

Dropping...

[Al_Dente]

60 min

[Cobra]

rebound as expected. let's see how this rebound goes first.