09/10/2013 Live Update

[BullBear52x]

SPY intraday = Buy the dip
it's heading that way now, no failure allowed since the daily candle is a clear reversal bar so far. not fair I am talking daily bar before the day is over, hey! some people mentioned weekly bar on Monday

[Cobra]

testing day low, volume surge, so might see rebound here first, then we'll see.

[rhight]

"similar chart, 6 year, using JNK:TLT"

It's sometimes useful to maintain JNK:LQD as well. When the two ratios are aligned and correlating well, the signal message from them (risk vs. safety) seems more reliable.

Thank you, I added that. I use a 24,52,1 MACD on the daily. It lags, but helps define intermediate moves. Nothing bearish here.

[jademann]

Considering a bear attack.. As BB says this could be a daily spinning top!

[BullBear52x]

AAPL new I-phone?

[BullBear52x]

What's in bear's eyes? I see negative divergence, if histogram continue down next RSI of <50 is when the die-hard counter trend may act.

[Mr. BachNut]

Could these be in the cards...

What?? You hang on to those?? Could very well be but caution here, NYMO is at +53 and stretched beyond gymnast limitations. Indexes OVER BBands.... Play safe...

Oh yeah. Like collecting old baseball cards, but I don't trade these things...

My collection of untouched downside bars is bigger than the upside collection...FYI

Thank you. Please keep posting!

[Cobra]

rebound as expected but so far looks like a bear flag, so might be another attempt on day low.

[Al_Dente]

SPY touched the 50% Fibonacci arc. A turn to seek the next level (down to the 61.8%) before continuing up, would not be out of the question. SPY has been bound by this 50% to 61.8% fib arc since 27 aug

Internals are not as strong today as they were yesterday

[fehro]

SPX 5m

[Daniel-David]

"Internals are not as strong today..."

Three often-watched, NYSE up/down vol, NYSE advancing issues, and Nasdaq adv. issues, are all at bullish levels, but slowly eroding thru the day. However, in a strong short term uptrend, wishy washy weakness usually results in a consolidation, prior to resumed trending...

Also, cf earlier warnings on this board re NYMO excessive levels.

[stlwater]

My rock & roll fantasy: http://www.youtube.com/watch?v=UHemB0t31Tw

[Al_Dente]

"Internals are not as strong today..."
Three often-watched, NYSE up/down vol, NYSE advancing issues, and Nasdaq adv. issues, are all at bullish levels, but slowly eroding thru the day. However, in a strong short term uptrend, wishy washy weakness usually results in a consolidation, prior to resumed trending...
Also, cf earlier warnings on this board re NYMO excessive levels.

thanks

[Al_Dente]

Thanks gappy (AA, BAC, HPQ to be dropped from the Dow at close 20 sept)
All portfolios and ETFs that are tied to the dow will need to sell AA, BAC, and HPQ….
And buy NKE, V, GS as replacements:

[MrMiyagi]

Gold/silver/miners cycle close to bottom? Short report/analysis.

[fehro]

Gold/silver/miners cycle close to bottom? Short report/analysis.

GDX on the 50day SMA... could see a tag of the lower trend line.. but if that goes.. then retest of the lows or lower

[stlwater]

Gappy. Got anything on Coffee?

[gappy]

5 hour SPX for fun.

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[gappy]

Gappy. Got anything on Coffee?

coffee.PNG

[fehro]

$GOLD fwiw.