02/02/2015 Live Update

[Out of Bounds]

Too many posts today. Sorry. Last one.

Jeff Saut on the January Barometer:

http://linkis.com/buzz.minyanville.com/8nM0O

You don't post too much (I probably do) and I very much enjoyed that article you linked.

[Trades with cats]

I enjoyed it also. I didn't buy into his crude oil thesis. Looked like a major short squeeze to run the stops. I mean come on we had a round number, 50, and a big drop in rig counts. I sure would have put on a squeeze.

[fehro]

SPX retesting neckline.. resistance.. time to make a move.. either pop up… or new lows.. .

[MrMiyagi]

I enjoyed it also. I didn't buy into his crude oil thesis. Looked like a major short squeeze to run the stops. I mean come on we had a round number, 50, and a big drop in rig counts. I sure would have put on a squeeze.

On the other hand, drop in rig counts means lower production. Lower production means less available supply (at some point).

[Cobra]

key time, strong rebound here then it's double bottom, pullback over. wait.

[silicon_beaver]

covered UVXY 30 here.

Set short UVXY 33.3 seems I am only one Bull-biased.

[Trades with cats]

Russel was holding back, now it is leading. WSJ ran an article today saying money managers are "aggressively" looking for small cap bargains because they won't get hurt so much by strong dollar.

[fehro]

looking weak.. hourly candle.. 10m to go..

[Unique]

Too many posts today. Sorry. Last one.

Jeff Saut on the January Barometer:

http://linkis.com/buzz.minyanville.com/8nM0O

You don't post too much (I probably do) and I very much enjoyed that article you linked.

I love these PR articles, all relevant info can concisely be written in two paragraphs and a non 10 pixels chart instead. Or just one chart. Time is money.

[Trades with cats]

I need to thank who ever (sorry I forgot) suggested TSI with EMA trigger line a couple of weeks ago. I am not using it because I have a similar results indicator (Larry "I really trade" Williams %R overlayed with Joe Granville's OBV), but it really helped me to have confidence in what I am using, so thank-you.

[fehro]

RUT needs to hold here/200d SMA.... or could fall sharply.. H&S of sorts..

also.. as mentioned before..3 peaks domed house … near completion... viewtopic.php?f=2&t=1547&p=181135&hilit=house#p181129

[Al_Dente]

I need to thank who ever (sorry I forgot) suggested TSI with EMA trigger line a couple of weeks ago. I am not using it because I have a similar results indicator (Larry "I really trade" Williams %R overlayed with Joe Granville's OBV), but it really helped me to have confidence in what I am using, so thank-you.

that was BullBear52x

[uempel]

Bullish Percentages Monday February 2nd at 2:00 p.m. BPNYA -1.70%, BPSPX -3.55%, BPOEX -6.78%, BPCOMPQ -1.22%, BPFINA -1.96%, BPINDU -5.88% and BPNDX is down -5.36%.

Should somebody not know: The Bullish Percentage of an index or of a sector is the number of stocks of that index or sector which are on a P&F buy signal. If BPSPX is down 3.55% to 59.80 today, this means that 59.80% of all 500 SPX stocks are on a buy signal, 3.55% less than on Friday. If this percentage goes down it (generally) weakens the index and vice versa. Same for all the other indices.

(Generally: heavy capitalized stocks such as apple or exxon have a larger impact on SPX than stocks with a smaller market cap. In BPSPX every stock has the same weight. So there is a distortion.)

[Cobra]

this rebound shall have legs. the pullback low might be in.

[uempel]

Time signal:

[uempel]

this rebound shall have legs. the pullback low might be in.

Ha, ha, ha. Are you spying on me?

[Cobra]

too early to tell, but let's put 100% mm target here first.

[Out of Bounds]

OK, Cobra. You scared me.
Closed short 199.96

[cletus]

I just overheard someone the other day saying "this is the perfect time to take a road trip, gas is cheap." That's supply and demand folks. If you don't think a lot of retirees sitting on piles of cash won't take advantage of the low gas prices, low airline ticket prices and low cruise ship prices, you are sadly mistaken. Summer will heat up. So will crude. The price levels seen recently were ONLY speculative, not based on true fundamentals, just as the huge rise in 2007-2008 was on pure speculation which turned out to be completely wrong (but in reverse of what we're seeing now).

[Trades with cats]

Friday the crude rally drove the market up untill 2:30 when it stopped trading and the market headed south. Is today a repeat?