04/20/2015 Live Update

Trades with cats · Post by **Trades with cats** » Mon Apr 20, 2015 2:02 pm

All my indicators say market is sinking, but it is just running out of gas, no selling pressure so no signal to go short. Probably shoot up after the bell on earnings release news. Very frustrating.

MrMiyagi · Post by **MrMiyagi** » Mon Apr 20, 2015 2:07 pm

Time for a pair of shorts?

fehro · Post by **fehro** » Mon Apr 20, 2015 2:12 pm

fehro · Post by **fehro** » Mon Apr 20, 2015 2:19 pm

INDEX days.. RUT/COMPQ didn't fill gap yet. USO daily needs to be watched

Post by **Cobra** » Mon Apr 20, 2015 2:42 pm

double bottom?

Junior Buffett · Post by **Junior Buffett** » Mon Apr 20, 2015 2:49 pm

Cobra wrote:double bottom?

screwed...

JFR · Post by **JFR** » Mon Apr 20, 2015 2:49 pm

Support and resistance ...

BullBear52x · Post by **BullBear52x** » Mon Apr 20, 2015 2:52 pm

since the internals still weak, bears got sell in it still. no buy.

fehro · Post by **fehro** » Mon Apr 20, 2015 2:55 pm

SPX .. possible H&S on the 5m.. need to break red.. then orange?.. otherwise fill the Friday's gap.. new HOD

JFR · Post by **JFR** » Mon Apr 20, 2015 2:56 pm

From IBD.

Re Taser. Got mixed feelings on that one. Better than guns. But still oh so dangerous.

Out of Bounds · Post by **Out of Bounds** » Mon Apr 20, 2015 2:57 pm

Breadths are rolling over. NYSE breadth is making new LODS. Others close to it.

MrMiyagi · Post by **MrMiyagi** » Mon Apr 20, 2015 3:04 pm

!!! POWER HOUR !!!

Out of Bounds · Post by **Out of Bounds** » Mon Apr 20, 2015 3:06 pm

Out of Bounds wrote:Breadths are rolling over. NYSE breadth is making new LODS. Others close to it.

Well, it was true when I wrote it.

BullBear52x · Post by **BullBear52x** » Mon Apr 20, 2015 3:07 pm

Well, last sell for intraday bears, do or die.

JFR · Post by **JFR** » Mon Apr 20, 2015 3:14 pm

DOW 30

Post by **Cobra** » Mon Apr 20, 2015 3:17 pm

breakout likely.

cletus · Post by **cletus** » Mon Apr 20, 2015 3:19 pm

People can throw out whatever technical indicators they want to say a crash is coming. A correction always comes, but the higher it goes the less impactful a correction will be to people holding long positions. The 1987 crash did nothing to bulls who bought in the early 80's. They could have chuckled at it.

All I need is one chart. Near record low bullish optimism in the ratio of calls to puts. All that needs to be said.

JFR · Post by **JFR** » Mon Apr 20, 2015 3:20 pm

SPY daily finding support at the MA50.

jungle trunks · Post by **jungle trunks** » Mon Apr 20, 2015 3:26 pm

cletus wrote:People can throw out whatever technical indicators they want to say a crash is coming. A correction always comes, but the higher it goes the less impactful a correction will be to people holding long positions. The 1987 crash did nothing to bulls who bought in the early 80's. They could have chuckled at it.

All I need is one chart. Near record low bullish optimism in the ratio of calls to puts. All that needs to be said.

Regardless of your overall long view, most people here don't care if it goes up or down. The one absolute is that it doesn't go in a straight line in any direction and that's why this is a day trading site. I'm not sure what value a long-term buy on hold investor sees in a day trading site.

Post by **Cobra** » Mon Apr 20, 2015 3:27 pm

failed breakout but the pattern still good, another test would be a real breakout, the problem is close is near.

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04/20/2015 Live Update

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