01/06/2015 Live Update

[JTrader]

Been reading MASTERING THE TRADE by John C. Carter...

"If the TRIN closes above 2.0, the market has an 80% chance of rallying the next day." That would be today.

He goes on to say, "The moves the next day won't necessarily be big moves, but they will generally be opposing moves."

It has been my (and others) observation that if John Carter says one thing, do the opposite.

[Al_Dente]

juiced SHORTS past 15 days %
it is unusual to see juiced QQQ short outperform VXX short
bottom panel: gotta love the crude shorts

[fehro]

/es .. if we undercut the recent lows.. 1950 range?.. possible expanding triangle..

[gappy]

Lunchtime lookin. Daily.

Capture.PNG

Now they break the Aroon osc. Flat for two weeks. Algo crooks need a good old fashion tar and feather shock. Vote Cobra. glta

[MrMiyagi]

SPY new Low of day.

[fehro]

/es .. if we undercut the recent lows.. 1950 range?.. possible expanding triangle..

would nicely match 200d SMA then to catch everyone off guard.. new all time highs.. (expanding triangle)

[BullBear52x]

a reminder to bottom fishers. daily.

[MrMiyagi]

qqq

[fehro]

SPX.. possible minor double top VIX.. VIX lower high, SPX lower low.. minor divergence.. speculative

[Al_Dente]

All dow stocks, last 4 weeks
https://stockcharts.com/freecharts/rrg/ ... om&b=$indu
Crude down; look at the % gain in the mega oils CVX, XOM (the only 2 energy stocks in the dow). Bottom table is sorted by “% change” 4 weeks.
[now calculate where the dow will be when CVX and XOM continue down]

[BullBear52x]

Another down day like today most likely will take $RHxxx under center line, bearish trend said to be confirmed if so. something to look out to after market close.

[Cobra]

this rebound may go a little further than the last one.

[MrMiyagi]

spy

[Out of Bounds]

Making a good day out of a bad one by playing bounces in the biotechs. Collecting scalps here.

One interesting thing though, while General Electric is getting hung out to dry, isn't it worth the 3.5% dividend to wait until they sort out their problems?

[champix]

BPs are quite weak... it does not help to long on a medium term.
http://stockcharts.com/freecharts/candl ... BPFINA|C|0

[BullBear52x]

a lower lows like yesterday makes it not good bottom setup. maybe next dip will be clearer.

[fehro]

Making a good day out of a bad one by playing bounces in the biotechs. Collecting scalps here.

One interesting thing though, while General Electric is getting hung out to dry, isn't it worth the 3.5% dividend to wait until they sort out their problems?

weekly/daily GE break cyan .. then could see lower levels.. 23ish / 21.50 range? .. could say it's a bull flag of sorts on the daily

[MrMiyagi]

iwm

[Cobra]

vol surge, maybe a pullback here first but the rebound might not over yet.

[FlowerGirl]

PAGING JB
Not before SPX 1987...