12/11/2014 Live Update

[MrMiyagi]

Its difficult to do that as well without coming off as making them feel they are too stupid to understand it. There's some kind of stigma with investment advice. Everyone is quick to give advice on eating. They'll say "don't eat this" or "why are you eating there?" But investment advice makes people shut down.

And if the trade goes against them, they'll never let you forget it.
Everyone is an expert on dieting though...

[K447]

If anyone ever asks you for your opinion or advice on anything, 99% of the time they are just looking for confirmation on what they already have decided to do.

Nice. I never give advice to (most friends) - I usually just say that I don't follow that stock and can't help them.

Its difficult to do that as well without coming off as making them feel they are too stupid to understand it. There's some kind of stigma with investment advice. ... But investment advice makes people shut down.

People are often uncomfortable when talking about money, as many (of us?) have strange ideas and are worried that others may realize how silly/foolish/ignorant they/we are.

[TraderGirl]

TF (RUT) starting to roll over. Selling showing some signs of life. My system close to going short.

IWM rolled over currently cause it had 5 waves down for "a", so up for "b" and down for "c".....NOW, it also had 5 waves up for "A", so perhaps up to "C" first before down....SPY in similar pattern (could have 5 waves up for "a")....

Don't know how high on each, but there are p-bars up above....

[MrMiyagi]

Thanks for the charts Trader Girl

[fehro]

possible minor H&S SPX… bottom of flag/triangle.. .. not clear..

[TraderGirl]

Thanks for the charts Trader Girl

You're welcome sensei....

[BullBear52x]

Dip will be bought.

[Out of Bounds]

Daily SPY looks like it did on August 4th or September 26th. A white candle that relieves some oversold conditions, but doesn't come close to resuming the uptrend.

You're right - almost exactly like 9/26. If you draw a 50 and 20 SMA on the chart it becomes even more significant. 9/26 closed just below 50 SMA and today (so far) stopped at 20 SMA.

[Al_Dente]

Lending Club IPOed today, symbol LC

[BullBear52x]

internals not siding with da bulls at the moment. hmmm

[Junior Buffett]

VIX is moving...

[fehro]

SPX that minor H&S broke.. on red trend .. huge volume on SPY 5m

[Cobra]

100% mm. exceeds it then probably another leg down. wait.

[BullBear52x]

FB diamond top no more, buy the dip wins.

[BullBear52x]

Dip buying on FXI is not looking healthy now.

[Al_Dente]

internals not siding with da bulls at the moment. hmmm

https://www.youtube.com/watch?v=sWEfszb9h8Q

[BullBear52x]

HYG is at its final destination? or break down will be nasty this time.

[FlowerGirl]

BLOCK TRADE: $SPY 3,956,023 shares @ $203.21 [14:00:44]
BLOCK TRADE: $SPY 501,100 shares @ $203.21 [12:56:02]

Suggestive of some wild move. Last such pattern was seen on 11/28/14. Next day SPY gapped down 1%...

NOT A TRADING ADVICE....

[BullBear52x]

internals not siding with da bulls at the moment. hmmm

https://www.youtube.com/watch?v=sWEfszb9h8Q

I think she is still havimg it.

and yes, will Santa save the market this year?

[fehro]

SPX .. yeah another messy h&S.. 3m.. break red then look for lower levels.. 60m on 200/20 SMA