05/02/2013 Live Update

[gappy]

POMO this month. http://www.newyorkfed.org/markets/tot_o ... edule.html http://www.youtube.com/watch?v=zre0u5XyNfY

[L_T]

I'll be scalping SPX 1602 - high risk, but resistance up there should hold

Nice call. Your 10:15 am signal was right on too. You are on fire today.

[johnnywa]

160.02-160.15 should top today,would have never thought it yesterday

[uempel]

I'll be scalping SPX 1602 - high risk, but resistance up there should hold

Upper BB band on the daily SPX is now at 1607. Might be too obvious as a target ...

[ALdaytrade]

Ok, ok. Al_Dente's chart shows us indicators/markets which help us determine the direction of SPX: next to ticks and advancing/declining issues (green/red) it shows vix, treasuries (both dotted) spy and spy volume. The moves of all this helps us to see what's going on...
Note that this is intellectual property of Al_Dente, he'll send you an invoice

456.png

uempel
Thanks boss, u r a very kind and handsome person
That’s an "oldie but goodie"
These days I’m using a version of this for longs (inverted for shorts)
Edit:
For shorts:
NYDNV:NYUPV
NYDEC:NYADV
VIX
TRIN

52five long_png.png

Thank you for this information to you both! In keeping with the gist of the compliment department, your generosity is only exceeded by your good looks and charm!

[fehro]

a big stretch.. one for the bears... if the ascending triangle should fail..

[johnnywa]

Just for chits and grin i am calling a top of 160.05-160.10 at 1:30 C

[johnnywa]

Just for chits and grin i am calling a top of 160.05-160.10 at 1:30 C

In fact in hindsite,i dont know how many times i have seen averages hit the top,repelled 3-4 times and i think bull is done,but when you least expect it last attempt will break the high

[essessme]

Today a High???
Standard T-theory has two T's ending today (red & blue vertical lines yields purple)
Sell in May and go away scare?

[Al_Dente]

this SPY hi is on weakening momentum
quite overbought
and XIV isn’t going with the bulls … yet
but if she starts running the bear-stops, a squeeze changes everything……

[fehro]

minor divergence... fwiw, VIX not making lower lows with these highs..

[Al_Dente]

Today a High???
Standard T-theory has two T's ending today (red & blue vertical lines yields purple)
Sell in May and go away scare?

essessme
what is T-theory?
and what are two T's?
thanks 4 posting yr charts
I always luv them

[essessme]

Ideally smoothed tick (top pane) does not reach over bought levels on this run to maintain divergence

[fehro]

Daily indexes & VIX

[Al_Dente]

with nyadv at 2100, this is just a pullback, a breather, and maybe the big-snake-in-the-sky will say the dip will/shld be bought (?)
not to panic until nyadv <<2000 etc

[TWT]

$SPX: patienltly looking for an ending pattern

[Unique]

SPY 20EMA train, respect the price. Easy peasy

[kenttown]

Deja vu? SPX at the yearly R2 pivot point. In 2012 and 2007 the yearly R2 pivot point stopped the SPX rally.

[essessme]

Today a High???
Standard T-theory has two T's ending today (red & blue vertical lines yields purple)
Sell in May and go away scare?

essessme
what is T-theory
and what are two T's
thanks 4 posting yr charts
I always luv them

T-theory was the brain child of Terry Laundry, may he RIP, in short it states that a 'cash build up phase' is present in the declining tops of the NY volume oscillator where the price low at the upward break of the declining tops line marks the end of the cash build up. It then projects an equal time forward, cash build = cash deployed. Hope that understandable - caveat not always full-proof much as as any market related tool.

[MrMiyagi]

Uncanny how it rests/reverses around targets...