08/22/2014 Live Update

[Cobra]

lunch break:

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[MrMiyagi]

Starting early with the doggies I see..

[quientuves]

NATO says Russia Moves Artillery units into Ukraine... i'm looking for confirmation...
http://www.bostonglobe.com/news/world/2 ... story.html

this came out BEFORE the market opened:"

Sorry! Didn't read it...

[uempel]

Update:

[gappy]

Daily. Notice the bounce off the Cobra Evil Plan requirement. (kinda)

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Vote Cobra. glta(might be rolling over a bit)

[gappy]

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[Al_Dente]

NATO says Russia Moves Artillery units into Ukraine... i'm looking for confirmation...
http://www.bostonglobe.com/news/world/2 ... story.html

this came out BEFORE the market opened:"

Sorry! Didn't read it...

dude, no sorry necessary, I really appreciate it when folks update us with news, it helps, as we miss a lot of stuff

[JFR]

Graph of international rotation and relative strength (relative to SPX), with a 7 week tail

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Al, after seeing you post a picture of RRG a few days ago, I explored it a bit on Stockcharts, backtesting, et cetera. Mixed results for me. Some obvious stuff. Risk on. Risk off. But I am not seeing much predictive value in RRG. And when there is some, it is not consistent. RRG is a lot of fun though. What has your experience with it been like?

[BullBear52x]

closed right here we will end with another hanging man candle. discount it? it's Friday! Peace!

[Al_Dente]

Graph of international rotation and relative strength (relative to SPX), with a 7 week tail

Al, after seeing you post a picture of RRG a few days ago, I explored it a bit on Stockcharts, backtesting, et cetera. Mixed results for me. Some obvious stuff. Risk on. Risk off. But I am not seeing much predictive value in RRG. And when there is some, it is not consistent. RRG is a lot of fun though. What has your experience with it been like?

Hi JFR
I like it, it has the redundant features of a “heat map” market carpet or a “percentage performance” chart, with the addition of the “tails” and the notion of potential clockwise “rotation” that interests me.
Just a different way of viewing the mkt
Did u see the how-to page?
http://stockcharts.com/docs/doku.php?id ... rrg-charts

Off topic: Update
Note from last weekend: “As long as the RSI-14 on the hourly remains above 50, the bull is still alive.”
Last Friday’s bearish “key reversal day” candle failed pretty quickly, while the bullish RSI on the hourly was >50 all week

[fehro]

ECB Draghi.. in 40m.. 2:30pm ET.. "could" cause movement in USD / GOLDs

[Cobra]

good looking ascending triangle, bias is up.

[MrMiyagi]

ECB Draghi.. in 40m.. 2:30pm ET.. "could" cause movement in USD / GOLDs

Ah so THAT'S what the flatline is for... Forgot about him...

[gappy]

GDX Weekly. Good 10 cross 30 ema, but over ruled by the weak Yen/Dollar.

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Thought this ihs would taken off by now. A testament to the US being the cleanest shirt in the dirty world laundry.

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Will this change as Draghi pumps and the Fedster's pulls back the civil unrest causing punchbowl from the 1%ers? Saxo bank chief economist Steen Jakobsen thinks so. Via email from Steen
Read more at http://globaleconomicanalysis.blogspot. ... ZBa1JYl.99

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[fehro]

INDEX dailies... TLT holding up

[Cobra]

double top target. might rebound first.

[Al_Dente]

PAGING JFR
We’ve been watching the world’s developed markets, except china, tick down all july and half of august.
The reason why I posted that international RRG this morning was because it was such a strong graphic view with all those RUBY RED tails, which makes your mouth gap open
This chart showing the lack of participation of developed markets ex-US is a calm view with a grey line, while the RRG was like a slap-in-the-face view.
But they both say the same thing.

[gappy]

Still short silver though.

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[JFR]

Graph of international rotation and relative strength (relative to SPX), with a 7 week tail

Al, after seeing you post a picture of RRG a few days ago, I explored it a bit on Stockcharts, backtesting, et cetera. Mixed results for me. Some obvious stuff. Risk on. Risk off. But I am not seeing much predictive value in RRG. And when there is some, it is not consistent. RRG is a lot of fun though. What has your experience with it been like?

Hi JFR
I like it, it has the redundant features of a “heat map” market carpet or a “percentage performance” chart, with the addition of the “tails” and the notion of potential clockwise “rotation” that interests me.
Just a different way of viewing the mkt
Did u see the how-to page?
http://stockcharts.com/docs/doku.php?id ... rrg-charts

Yes, I read quite a bit about it. I like it also. Always looking for predictive value, of which it seems to have some.

http://stockcharts.com/articles/rrg/
Blog of de Kempenaer

http://stockcharts.com/school/doku.php? ... rrg_charts
Chart School

When I started exploring it, last weekend, the RRG indicator was not available for charts. Now it is. Helps to compare the indicator with the RRG charts themselves on backtesting.

[JFR]

PAGING JFR
We’ve been watching the world’s developed markets, except china, tick down all july and half of august.
The reason why I posted that international RRG this morning was because it was such a strong graphic view with all those RUBY RED tails, which makes your mouth gap open
This chart showing the lack of participation of developed markets ex-US is a calm view with a grey line, while the RRG was like a slap-in-the-face view.
But they both say the same thing.

822world ex us_png.png

Hey Al,

RRG seems to hold possibilities, for sure. I see some predictive value in it. Always looking for more. More toys. More tools. LOL