03/26/2013 Live Update

[Tabby]

Any ideas why small caps (Russell 2000) is red and SPX green?

If you are referring to R2K, based my observation these two indexes do their things seperately and as some people say, Russell 2000 is another animal.

Since we reached to 954, EOD DAILY Macd of R2K has been going down and it is much much easier to manipulate this index than SPX.
Here is the number that I recorded from 3/15/2013

3/15=12.562,10.260,2.302
3/18=12.457,10.700,1.757
3/19=11.886,10.937,0.949
3/20=12.029,11.155,0.873
3/21=11.363,11.197,0.166
3/22=10.899,11.137, -0.238
3/25=10.378,10.986, -0.607

Right NOW
9.855,10.759, -0.904

As you see Big boys are selling from the top. There is not enough force or strength for this index right now BUT I wouldn't get in Short train either.

[Al_Dente]

This long term suggests a move either today or tomorrow. Should there be a break to the upside with SPX pushing through overhead resistance (red channel) it might be a trap. Personal assessment - no data to justify

43.png

ImageUploadedByTapatalk1364318948.560782.jpg

Richie: do u remember last year we (you) were talking about the hubris of aapl
THAT WAS THE TOP. I don't suppose u shorted there did u?

[fehro]

possible triangle break out to the upside....

[Richarab]

This long term suggests a move either today or tomorrow. Should there be a break to the upside with SPX pushing through overhead resistance (red channel) it might be a trap. Personal assessment - no data to justify

43.png

ImageUploadedByTapatalk1364318948.560782.jpg

Richie: do u remember last year we (you) were talking about the hubris of aapl
THAT WAS THE TOP. I don't suppose u shorted there did u?

Definitely remember
And of course I didn't short there - that would have meant I made a good trade this past year...

Samsung is kickin it
Just 5 years ago Nokia kicked it
Maybe 5 years will be as long as google glass kicks it ..

[fehro]

SPX 60m close-up

[toddymc]

possible triangle break out to the upside....

And they's trouble hya in VIX CITY

[MrMiyagi]

If you are referring to R2K, based my observation these two indexes do their things separately and as some people say, Russell 2000 is another animal.

As you see Big boys are selling from the top. There is not enough force or strength for this index right now BUT I wouldn't get in Short train either.

R2K has a myriad of components in it, its value is affected by their price. I was wondering if anyone knew what stock, or sector, is down enough to skew the RUT/IWM values lower while Mr Market is higher.

I do agree that the Big Boys are selling here, R2K Blees has been pegged at 0 or close to it for a few weeks now, there are huge short positions by the commercials waiting to turn profit.

[Cobra]

possible ascending triangle in the forming, now bulls control the ball. wait.

[L_T]

Long view of GDX. Notice how RSI is now below the levels seen during 2008 lows.

[Xian]

Pasta, PC problems? Naw, can't believe it. Axel...? http://www.youtube.com/watch?v=TL6NY5lfBAg

i’m hungry boss
new pasta dish; u want some?

im hungry.png

Did you cook it in Tequila?

[Out of Bounds]

Closed short at loss - risk of upside breakout too high here

[Al_Dente]

Pasta, PC problems? Naw, can't believe it. Axel...? http://www.youtube.com/watch?v=TL6NY5lfBAg

i’m hungry boss
new pasta dish; u want some?

im hungry.png

Did you cook it in Tequila?

Scotch
http://www.youtube.com/watch?v=1sLH4QpRh9s

[Cobra]

not a valid breakout yet but no harm to know ascending triangle text book target.

[BullBear52x]

head start, bottom fishers.
CLF

[Tabby]

If you are referring to R2K, based my observation these two indexes do their things separately and as some people say, Russell 2000 is another animal.

As you see Big boys are selling from the top. There is not enough force or strength for this index right now BUT I wouldn't get in Short train either.

R2K has a myriad of components in it, its value is affected by their price. I was wondering if anyone knew what stock, or sector, is down enough to skew the RUT/IWM values lower while Mr Market is higher.

I do agree that the Big Boys are selling here, R2K Blees has been pegged at 0 or close to it for a few weeks now, there are huge short positions by the commercials waiting to turn profit.

I don't have freestockchart scanner to tell you what are the top 25 stocKs in R2K. I created my own list of components of R2K based volume or market cap to view. The list is big to copy and paste.

[uempel]

SPX/Gold shows two options:

Anyone notice the almost exact inverse correlation between Gold and SPX?
Gold stealth selling now... get ready for spike on ES.. triangle breakout?

[gappy]

SPX/Gold shows two options:

er.png

Anyone notice the almost exact inverse correlation between Gold and SPX?
Gold stealth selling now... get ready for spike on ES.. triangle breakout?

Watching USO to the SPX. USO about 34.80 then the tell. We still petrodollar nation, gold standard, mew. GLTA.

[BullBear52x]

This indecision could take month, spring break, slow 3-5 points is good day, I am checking out.

[toddymc]

Some SPY calls I got @ 1.05 a day scalp..will update if my estimated ES 1560 is hit.

Nice chart BTW Uempel...I assume the B scenario portends a pullback in Gold before breakout?

[BullBear52x]

last chart, Mentioned with ClarkW before that positive histogram will bring dip buyer sure enough, breaking out nicely.