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11/21/2013 Live Update
Posted: Thu Nov 21, 2013 10:07 am
by Cobra
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Possible double bottom every morning so one day it'd work, don't know if today is the day, I'm neutral.
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 10:10 am
by Cobra
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 10:12 am
by gappy
Hightower. glta.
pm.PNG
oil.PNG
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 10:18 am
by BigChief
Well, I find myself at support in the rising channel, if price can't rebound in the SPY 1hr chart here and move higher, I will have to follow my stops, momentum continues to show a sign of a rebound possibly.
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 10:20 am
by KeiZai
GM DAX update:
viewtopic.php?f=2&t=1126&p=148417#p148417
Indeed, structure from the lows could be counted as very impulsive and this looks very bullish atm with potential MM even to 9380, so if bears mean bussiness they have to use handbrake very very soon
Short-term count
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 10:27 am
by joegamma
Thanks Keizai, TRIN says stay long (so far),need to break downtrend by spike above 1.30-1.35 while correlation with prices is still negative.
playing with a renko, frindly trindicator looks like downtrend in trin may be ending
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 10:30 am
by joegamma
very minor mo-mo and breadth volume bull-divergence with wednesday lower lows, where to addshorts?
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 10:33 am
by KeiZai
joegamma wrote:Thanks Keizai, TRIN says stay long (so far),need to break downtrend by spike above 1.30-1.35 while correlation with prices is still negative.
The attachment 1121trin.png is no longer available
playing with a renko, frindly trindicator looks like downtrend in trin may be ending
The attachment 1121trindicator.png is no longer available
Bears need to break the support to see some selling pressure so far RSI and TL support gets bought aggressively, there is nothing bearish till then
ES
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 10:40 am
by KeiZai
KeiZai wrote:joegamma wrote:Thanks Keizai, TRIN says stay long (so far),need to break downtrend by spike above 1.30-1.35 while correlation with prices is still negative.
The attachment 1121trin.png is no longer available
playing with a renko, frindly trindicator looks like downtrend in trin may be ending
The attachment 1121trindicator.png is no longer available
Bears need to break the support to see some selling pressure so far RSI and TL support gets bought aggressively, there is nothing bearish till then
ES
The attachment ES-ca.png is no longer available
Here is another look, bulls are also not out of the woods yet
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 10:44 am
by joegamma
wait n see how smalls develop range here 10955/60 to 11025/35, small chance of shortsqueez toward 11060 later this morning?
and then, what to do about the Uempel ellipse 2morrow?
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 10:46 am
by stlwater
SOX
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 10:48 am
by champix
Do it or die on CL. Still hanging over the cliff.
I keep my remaining short short under 96 USD with the final target @ 79 ?
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 10:48 am
by KeiZai
stlwater wrote:SOX
and broke the relative outperformance trend yesterday
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 11:00 am
by stlwater
KeiZai wrote:stlwater wrote:SOX
and broke the relative outperformance trend yesterday
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 11:04 am
by Mr. BachNut
Neutral.
My summation signal is neutral. It could possibly turn down tomorrow or next week if the market doesn't firm up.
My composite trend signal is up. This has been consistently solid, but floor thresholds have been creeping up to indicator levels. So, it could get quite sensitive ahead.
Just waiting for a signal at this point...
Working on other markets in the meantime.
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 11:19 am
by KENA
Royal Flush..You are right that Thanksgiving is not the best of bullish weeks,although most times going into the week long and out on strength on Fri has been fairly good. Pick your days Mon/Tue to enter,but you must buy stock that has pulled back off highs. Anyway lets see what next week will bring.
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 11:25 am
by joegamma
feels like more shorts to sqeez, not shorting iwm here but maybe 40 tics higher, covered a few o/n calls around 11050
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 11:32 am
by grachu
coba, did you remember what is the seasonality for Thanks giving and the market . going into next week ?
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 11:34 am
by Cobra
nothing to say, it's testing resistance area. maybe pullback is buy, maybe.
Re: 11/21/2013 Live Update
Posted: Thu Nov 21, 2013 11:34 am
by KeiZai
In case of squeeze here after getting back to channel this seems to be likely scenario
(premature)