05/04/2013 Weekend Update

[Cobra]

Begin with Institutional buying and selling action chart from stocktiming.

Institution selling still in uptrend.

[Cobra]

Algo from stocktiming not overbought yet and no divergence so far, so might mean more up ahead.

[Cobra]

Smart Money almost record short.

[Cobra]

II and AAII. II still bullish.

[Cobra]

Summary of the week's picks. Usually individual stocks catch up the broad market next week. viewtopic.php?f=10&t=903&p=129485#p129485

[Cobra]

The next week's stock picks are here: viewtopic.php?f=10&t=910&p=129487#p129487

[KeiZai]

Coffee is on my radar, looks like some kind of bottoming process in mature stage

Last week I was watching consolidation patterns this week I wanna see if some breakouts are real and others lagging or more consolidation ahead (wanna see supports to hold in case of backtesting)

N-T-B 01

N-T-B 02

R2K: potential iHnS has been formed there but what I don't like for bullish case is close under 161.8 with interesting candle and with divergence (could mean wave 5, wave4=triangle)

not updated

potential target zone (support must hold imo or it could be fakeout)

not updated

I have two plans for next week (shown in red and black)

SPX: same here support have to hold but looks much better though

not updated

GS: wave 5 has ended in diagonal from the lows it could be impulsive structure (with nesting) and forming potential inverse HnS, looks as good play for this week

O: (last chart) viewtopic.php?f=2&t=893&p=127762#p127762

DAX: Indeed DAX was tired but just for a VERY limited period I don't see nothing bearish here atm http://xspblog.com/wp-content/uploads/2 ... a_bull.jpg

O: viewtopic.php?f=2&t=900&p=128536#p128536

Overall market looks healthy maybe it was/is another great buying opp

not updated

if this is not impulsive then I don't know what is

OK back to laboratory Nice weekend too all

[uempel]

I like this long term SPX weekly. Close-up shows that price has broken through the red ellipse, but note that grey and blue ellipses have not yet been pierced. Next week will be interesting: are the bulls going to push further immediately or will price first consolidate 1600ish...

Long term weekly

Close-up

[Cobra]

I like this long term SPX weekly. Close-up shows that price has broken through the red ellipse, but note that grey and blue ellipses have not yet been pierced. Next week will be interesting: are the bulls going to push further immediately or will price first consolidate 1600ish...

Long term weekly

The attachment 2.png is no longer available

Close-up

The attachment 3.png is no longer available

Yes, the next week will be key. If bulls could keep charging up, then this market is topless.

Will we see divergence this time? Charging up next week might eliminate the divergence.

[Cobra]

This time the $VIX and $SPX divergence is not easy to fix though.
https://stockcharts.com/public/1684859/ ... /301414404;

[joegamma]

happy weekend all!
Paging TraderGirl: any turns favored for 5/6 or 5/9 and any directional hints with equinox?

Looks like Monday will be big fed POMO day $3bln, midize Tuesday $1+ bln so chance that those cheap puts i bot Friday may get a lot cheaper ... at least I waited til iv had plunged!

Seasonality looks to give bears slight edge this week for the # 4-6 trade days in may, , and also hints at down during the 5 to 3 trading days before memorial day too...

Odd action on BKX and Iwm friday, plus huge buying ticks in last 30 minutes while prices traded lower last half hour.

PAGING DR AL: any thoughts in late tick action?
Or, who was selling into the late day buying?

[uempel]

Looking at DAX - it had an amazing week.

And something else: P&F charts of all major equity indices such as INDU, SPX, DAX are on buy signals. I'm not showing them here (non subscribers have free access to P&Fs at stockcharts), but I'd like to remind whoever wants to short these indices: the odds are very heavily against you when P&Fs show a break to the upside. Heavily (I'm not talking to guys who use S&P shorts to hedge specific long positions).

[uempel]

Doctor, check the P&F breakout....

I like this long term SPX weekly. Close-up shows that price has broken through the red ellipse, but note that grey and blue ellipses have not yet been pierced. Next week will be interesting: are the bulls going to push further immediately or will price first consolidate 1600ish...

Long term weekly

The attachment 2.png is no longer available

Close-up

The attachment 3.png is no longer available

Yes, the next week will be key. If bulls could keep charging up, then this market is topless.

Will we see divergence this time? Charging up next week might eliminate the divergence.

[Al_Dente]

128 year history of the Dow
(run the pointer across the top to see the changes)

http://money.cnn.com/interactive/invest ... -timeline/#

[KeiZai]

Hey after a few beers I have some bear porn too

Nasdaq:

Big picture I have posted here some time ago

Here is a short-term structure which I prefer

fridays

and with 3D pattern

SOX: next week is gonna be interesting if the breakouts are fake

and midcaps : interesting level here (blue path is just for fun)

[uempel]

I'm checking out the tops in 2000 and 2007 and comparing them with 2013. So far SPX is trending and doesn't show any weakness. I'm not implying that a top will follow, I'm just showing that no weakness is visible at the moment.

2000: SPX trending until end of December 1999

2007: SPX trending until end of May 2007

2013: SPX still trending comfortably

[ClarkW]

Coffee is on my radar, looks like some kind of bottoming process in mature stage

Coffee-mayBP.png

Coffee-mayBP2.png

Last week I was watching consolidation patterns this week I wanna see if some breakouts are real and others lagging or more consolidation ahead (wanna see supports to hold in case of backtesting)

NTB.png

NTB2.png

R2K: potential iHnS has been formed there but what I don't like for bullish case is close under 161.8 with interesting candle and with divergence (could mean wave 5, wave4=triangle)

R2K-iHnS.png

potential target zone (support must hold imo or it could be fakeout)

R-PT.png

I have two plans for next week (shown in red and black)

R2K-may.png

SPX: same here support have to hold but looks much better though

SPX-2-may.png

SPX-MTplan.png

GS: wave 5 has ended in diagonal from the lows it could be impulsive structure (with nesting) and forming potential inverse HnS, looks as good play for this week

O: (last chart) viewtopic.php?f=2&t=893&p=127762#p127762

GS-may.png

DAX: Indeed DAX was tired but just for a VERY limited period I don't see nothing bearish here atm http://xspblog.com/wp-content/uploads/2 ... a_bull.jpg

O: viewtopic.php?f=2&t=900&p=128536#p128536

DAX-may.png

Overall market looks healthy maybe it was/is another great buying opp

BPspx.png

SPXUDP.png

OK back to laboratory Nice weekend too all

Great stuff as ALWAYS KeiZai!!!!!!

[uempel]

A reliable ellipse on SPX daily points to next Friday.

This ellipse suggests A) a weak Monday to Thursday with SPX lingering in the 1597 - 1617 range followed by fresh upside as from next Friday or B) a strong week with SPX trying to reach new highs followed by a reversal next Friday

[KeiZai]

Funny how dollar index and euro index are flagging together, someone is lying here...this week should bring the answer

If my MT concept is right then it could be dollar : viewtopic.php?f=2&t=813&p=116227#p116227

[KeiZai]

A reliable ellipse on SPX daily points to next Friday.

This ellipse suggests A) a weak Monday to Thursday with SPX lingering in the 1597 - 1617 range followed by fresh upside as from next Friday or B) a strong week with SPX trying to reach new highs followed by a reversal next Friday

99.png

Uempel do u have grid or ellipse resistance around 1640-50? My primary plan is consolidation (breakout backtest) followed by advance to 1650 (or without consolidation) and retrace to area 1500-1480 before next leg up. It would be in line with your signal : download/file.php?id=43952&mode=view