10/18/2013 Live Update

[Mr. BachNut]

A reason to be bullish (just to be fair ):

Many investment managers get their bonuses based on performance through October.
The window dressing incentive will be on the strong side week after next.

[fehro]

VIX weekly long term. fwiw.

[Al_Dente]

... last zbt was in July can't be triggered in here as the low was not low enough...

dang
thanks

[Cobra]

members only update at 12:43 pm
http://www.cobrasmarketview.com/2013/10 ... ay-update/

[gappy]

The Zweig Breadth Thrust indicator is an overbought / oversold indicator designed by Dr. Martin Zweig. The indicator represents the percentage of stocks that are advancing on the NYSE. An reading of less than 40% of stocks advancing represents and oversold condition, while a reading over 61.5% is overbought. The percentage number is averaged with a 10 day exponential moving average to calculate the true Zweig Breadth Thrust (ZBT).

zweig.png

[essessme]

I would like to see inflation hop before the metals move decisively.

Hmmm...my next cyclical buy pt (after Halloween) is not until the first six weeks of 2015 - I expect the underlying metals to atleast regain half the losses since the Fall of 2012 - FWIW

[gappy]

I would like to see inflation hop before the metals move decisively.

Hmmm...my next cyclical buy pt (after Halloween) is not until the first six weeks of 2015 - I expect the underlying metals to atleast regain half the losses since the Fall of 2012 - FWIW

I should think so too but then I hear gold will dump to 900/oz next year too. The Feds are the joker in the pack and you can't beat city hall. I hope miners do break out, they are a lot of fun to trade, but I have to trade what I see.

[uempel]

VIX weekly long term. fwiw.

And very short term:

[Cobra]

breakout indeed. here're targets.

[fehro]

SPX daily.. been outside the BBband all day today.

[gappy]

SPX daily.. been outside the BBband all day today.

And now Keltner rebreach.

keltner.png

Keltner Channels are volatility-based envelopes set above and below an exponential moving average. This indicator is similar to Bollinger Bands, which use the standard deviation to set the bands. Instead of using the standard deviation, Keltner Channels use the Average True Range (ATR) to set channel distance. The channels are typically set two Average True Range values above and below the 20-day EMA. The exponential moving average dictates direction and the Average True Range sets channel width. Keltner Channels are a trend following indicator used to identify reversals with channel breakouts and channel direction. Channels can also be used to identify overbought and oversold levels when the trend is flat.

[rhight]

Does anyone follow the Zweig Breadth Thrust Indicator?
Any comments?

Just in passing Al - last zbt was in July can't be triggered in here as the low was not low enough...

If the 10 Day EMA were used, then the requirement for <40% would have been met on 10/8. There's a good description here :
http://stockcharts.com/members/analysis ... +thrust%22

[TWT]

$SPX: Overshoot off a small wedge could complete the EW count. Watching if sellers step in

[TWT]

$SPX: The small ED wave (5) idea

[TWT]

$SPX: Instead of a wedge maybe Triangle´s thrust

[MrMiyagi]

qqq

[Al_Dente]

If the 10 Day EMA were used, then the requirement for <40% would have been met on 10/8. There's a good description here :
http://stockcharts.com/members/analysis ... +thrust%22

Thanks rhight
My old Mcclellan notes say that Marty required a 10 day move “from below 0.40 to above 0.615 within 10 trading days”
So I thought we were on day 8
if so, then two more up days (IF it stays above >0.615) and it will be a major bull signal
These are OLD mcclellan notes: (Mcclellan also uses 10ema)
http://www.mcoscillator.com/learning_ce ... st_missed/

[gappy]

Capture.PNG

cm.png

http://www.safehaven.com/article/31498/ ... rticles%29

[uempel]

A jump higher above the threshold of 1745/46/47 would be quite something

[TWT]

$VIX: catching a bid ....watching closely