12/23/2013 Live Update

[fehro]

VIX 15m.. orange/green triangle possible...

[Cobra]

not decisive new high, so still 50% chances of reversal. wait.

[fehro]

INDEX 5m.. possible bearish rising wedges... VIX not making new lows atm

[fehro]

VIX 60m

[fehro]

SPX 5m, slight divergence on the RSI, MACD atm.

[Cobra]

so far the pullback looks like a bull flag, so the bias is up.

[MrMiyagi]

qqq

[fehro]

VIX 15m

[MrMiyagi]

Anyone check out the RUT intraday on Stockcharts? I am not a subscriber so I can only do daily.

[fehro]

Anyone check out the RUT intraday on Stockcharts? I am not a subscriber so I can only do daily.

yup interday. 60m RUT.

[MrMiyagi]

yup interday. 60m RUT.

Wow.. Thanks Fehro!

[Al_Dente]

first time all day spy pierced the 20ma on 5min

[Cobra]

some support here, hopefully a rebound.

[fehro]

moment of truth for the VIX 15m triangle.. needs to fill that little interday gap under the pink trendline, and cross the pink trendline..

[fehro]

SPX 5m.. loose SMA.. watch red trend line for a bounce? or a break down....

[Cobra]

not a good looking pullback. I'm neutral: don't know if this pullback has legs or not.

[fehro]

SPX 5m... added a blue channel...

[fehro]

VIX 15m... RSI

[MrMiyagi]

Hmm... up or down?

[flumanchu]

The last of the POMO for the Year is being deployed today / tomorrow as the market rockets higher.

Fri, Dec 20, 2013 Mon, Dec 23, 2013 Outright Treasury Coupon Purchases 02/15/2021 - 11/15/2023 $2.75 - $3.50 billion
Mon, Dec 23, 2013 Tue, Dec 24, 2013 Outright Treasury Coupon Purchases 02/15/2036 - 11/15/2043 $1.25 - $1.75 billion

With no POMO scheduled thru the EOY, the market will take a break and will be down - 2 whole days this week, and probably again on Monday. Unsure about Tuesday (31st) as the next POMO schedule will be coming out on the 31st, and if POMO is heavily loaded for the 1st day / week of Jan, they could begin deployment early on Tues(31st).

I expect the market to top within the next month (middle of Jan), and then begin to slide as reduced POMO takes affect.

Again, it takes appr. $1.5 - $2.0 billion (probably closer to $2.0 now as with the higher the market goes, it takes more) of non-MBS POMO money to keep the market afloat. More than that, and the market is going up.

Next month, non-MBS is being reduced by $5 billion to $40 billion. With appr. 20 trading days in the month, this should keep the market afloat / even. However, Reduced POMO will send the markets down.

.