09/12/2015 Weekend Update

[Cobra]

Institutional buying and selling chart from stocktiming shows more distribution than accumulation.However, the distribution is falling while accumulation is rising, so institutions are buying the dips.

[Cobra]

Smart money keep buying, so it's case 2.), still pointing the low was in!!!???

Since there're some arguments about how to read the chart, so it's necessary for me to explain here how I use this chart:

I don't care what's the logic behind the chart. I found it works in the following two cases:

1.) When market up huge, if I see smart money huge short, best if new record short, then I know a short-term pullback is due soon.
2.) When market down, if I see smart money suddenly rises sharply from very negative value, then I know the pullback was over.

So I only use this chart for the above 2 cases. Besides those 2 cases, it means nothing to me. i.e. the absolute value of this chart means nothing to me, I only care if it rises sharply or drops sharply.

[traderjo]

Hi Cobra,

If Smart Money buying points to low being in, does that change your short-term evil plan?

Thanks!

[johnnywa]

Institutional buying and selling chart from stocktiming shows more distribution than accumulation.However, the distribution is falling while accumulation is rising, so institutions are buying the dips.

Looks like institutions are going down with retail investors,would not bank on this one bit,this can and will change in 2-3 period selloff and you will be stuck

[Cobra]

Hi Cobra,

If Smart Money buying points to low being in, does that change your short-term evil plan?

Thanks!

You mean does that change my intermediate-term call? No, it does not.

[daytradingES]

Here's a question for everyone:
Looking at the blue line Small traders the S&P 500 has a level of about -90,000
and the ES about +450,000

the S&P is 5 times the ES so 5*-90,000 = -450,000

1. Is there always and inverse relationship between the two and if so why?

[uempel]

Update on the long term chart (shows the importance of the recent low) and a look back to 2011:

Long Term weekly SPX

Chart shows the year 2011

[koolblue]

Th e longer term is still in precarious position ,Once this rally phase ends, i would expect a retest of the low, alhwe would have to climb and hold above the avgs to turn this chart though the 1821 low should hold.We would have to climb and hold above the avgs to turn this chart bullish.

[koolblue]

A little shorter look shows a different picture....

[fehro]

INDEX Daily Weekly Candles - Weeklies still looking weak

[fehro]

Industry % Weeklies

[fehro]

T2 Indicators http://www.worden.com/TeleChartHelp/Con ... rs_T2s.htm Trying but still weak.

[fehro]

2 Channels % Stocks 1+2 Channels <200d Weekly <40d Daily. Shorter term trying to stabilize, longer term still showing weakness

[fehro]

Yields

[fehro]

10yr T-note - ZN1!/SPX
T-Bond - ZB1!/SPX

[fehro]

As interest rate hike talk next week will hit a feverish pitch a Long long Term chart. FEDRATE/SPX/USD/OIL/GOLD/10yr/BONDS. .. not sure why the data stops at Jun 2015.. will check into that

[gappy]

The cast members may change but the play remains the same.

cc.PNG

F/X shots fired, 2011.

buckyen.PNG

Daily. h/s and m in a m.

Capture.PNG

Vote Cobra. http://www.oftwominds.com/blogmay15/sur ... n5-15.html glta

[silicon_beaver]

Continued, , ,

Weekly Chart
white red mix pattern,

presently
SPX N=10 (i.e. R-R-R-R-R-R-R-R-R-R)
SPY N=9 (i.e. R-R-R-R-R-R-R-R-R)

what happened in history?
SPX
3/3/2014-5/5/2014, next week down.
9/20/1993-11/22/1993, next week up.
2/2/1987-4/6/1987, next week down.
5/4/1981-7/6/1981, next week up.
SPY
7/31/2006-9/25/2006, next week up. (present case, more like this SPY y2006)

[gappy]

https://www.youtube.com/watch?t=6&v=QCP5jZXoOhI Catching up on the week's post, I see the kitty cat is still admired. This is for you feline friendlies.

zerocat.PNG

Cap.PNG

Courtesy of 9 lives market.

[daytradingES]

Myth
The central bank of the U.S., the Federal Reserve Bank, is part of and owned by the U.S. government and its people


Fact
"The Federal Reserve Bank is a private company, authorized in 1913 by a Congressional Act called the Federal Reserve Act of 1913. In a very real sense, it outsourced the control of U.S. money and banking to bankers themselves. Some of its large (officially) non-voting stockholders as of 2006 are:

Citibank
Bank of America
UBS Warburg
JP Morgan/Chase
Wells Fargo

In order for any U.S. bank to belong to the Federal Reserve System, it must put up 6% of its capital stock (per the Federal Reserve Act of 1913 itself - Section 2, paragraph 3), so basically and in a broad sense the Fed is owned by its member banks. In our opinion, that is called a cartel. For balance, here is the Federal Reserve's position.

Political opinions follow:
James Madison in 1808 said "History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible, to maintain their control over governments, by controlling money and its issuance."

Thomas Jefferson, another one of the founding fathers of the U.S., had this to say about private central banks: ""I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." and "The issuing power (of money) should be taken from the banks and restored to the people, to whom it properly belongs/"

More data and specifics are available here. We do not agree with all of its facts or conclusions, but do believe that its more correct than not and think its deserves a link.
Do your own research and make up your own mind, as usual. If you think we're conspiracy nuts, that's fine too.

One last note in the false data area - there is a list floating around the internet listing the supposed owners of the Fed that is quite incorrect. As examples, it includes a totally false bank called the "Israel Moses Sieff" bank, "Kuhn Loeb" which hasn't existed for many years and "Goldman Sachs" which is an investment bank (only commercial banks can currently be Fed members. Goldman Sachs is, however, a primary dealer of the Fed per this list).
The whole idea of this entry is to point out that the Federal Reserve is not part of the US Government but rather a privately owned cartel with motives and purposes that do not exactly always match up with the best actions for the country as a whole on a long term basis."

source:
http://www.nowandfutures.com/false_data.html

(click on source to get links which aren't active in the cut-n-paste. For example http://www.federalreserve.gov/faq.htm)