02/06/2015 Live Update

[Al_Dente]

10 day performance
Compare to yesterday: financials (red, 15% of SPY) pop, miners (gold) drop

[gappy]

Long.

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Stop 81.5.

[gappy]

Daily.

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Watch your step.

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[fehro]

SPX.. dabble in small position...short here..

[fehro]

Watch your step.

LOL!

[Al_Dente]

Internals are weak for a 3 push up, new high day
NY advancing volume = 1.2x declining volume
NY advancing stocks = 0.95x declining stocks
Weak bull bias means that every pullback has a good chance to reverse unless bulls get stronger here

[CaStorm]

When is the speech?12:30?

[finman66]

I'm sure Miyagi will follow with a chart, but until then just an FYI that we tagged open p-bars from Jan 27 on QQQ at 104.16 and an open p-bar from Jan 12 on SPY at $207.20

I know he doesn't track the ones that are more than 10 days because they go stale and aren't reliable but I've found that they do occasionally still get fulfilled.

[gappy]

15 minute. Sooner or later price always returns to the Ichi cloud. It's just the timing has to be figured out.

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Always.

[Junior Buffett]

When is the speech?12:30?

12:45

[fehro]

SPY daily.. messy chart.. possible kinda resistance of sorts near here..

[q2model]

When is the speech?12:30?

12:45

Sorry, what speech? Thanks

[Junior Buffett]

When is the speech?12:30?

12:45

Sorry, what speech? Thanks

FOMC member Lockhart speaks...dont know how important!

[Al_Dente]

McClellan’s latest post:
“Pessimism Evident in QQQ Shares Outstanding”
http://www.mcoscillator.com/learning_ce ... tstanding/


also, Atlanta Fed President Dennis Lockhart is a VOTING member of FOMC…….. so he’s important

[fehro]

need some shipping done?….. $BDI... back to 1986 levels.. $USD strength Oil weakness … plays into that http://www.zerohedge.com/news/2015-02-0 ... 9-year-low

[Cobra]

There isn't any green circle on your chart

Precisely.

Note the word 'all' in the chart explanation text

now longer time span, you can see a few green circle indicating a failure.

since we don't know what will happen before 11:30am EST, does that simply means the stats is showing 62/65 accuracy ratio base on this morning hourly black bar study (within a year)

First of all, the first hour is from 9:30 to 10:00. This is actually the most important hour of the day as lots of trading strategy is based on this hour. The range in this hour called the open range.

2ndly, the chart says the next bar is red (10:00 to 11:00) but this is not every time and I'm not counting on it. The most important thing is all the gains after black bar are likely erased. So I don't understand why you say 11:30 am, looks to me you only read "the next bar is red" which is not the point.

[fehro]

"possible" minor H&S SPX

[uempel]

Checking in on the weekly BB 13/1 resp BB 20/2:

[Cobra]

generally this pullback should be bought.

[uempel]

Al_Dente is important