04/25/2015 Weekend Update

[Cobra]

Still more institution accumulation than distribution but accumulation is decreasing while distribution is rising (courtesy of stocktiming), so it's a divergence therefore a little warning.

[Cobra]

summary of the week's stock picks.
good week.
viewtopic.php?f=10&p=190244#p190244

[Cobra]

The next week's stock picks are for everyone:
viewtopic.php?f=10&p=190246#p190246

[fehro]

Daily/Weekly Candles

[fehro]

Industry Weekly % - minor data error on the Vol Buzz not sure why it popped up.. to +46% when yesterday it showing -51% late into the AH

[fehro]

T2 http://www.worden.com/TeleChartHelp/Con ... rs_T2s.htm

[fehro]

Yields

[pezhead9000]

Weekly Econ Update: Consumer Spending??

SUMMARY:
Among long leading indicators, yields on corporate bonds and treasuries, money supply, and real estate loans were all positive. Purchase mortgage applications were positive for the fifth straight week, while refinancing is negative and still very close to its multi-year bottom.
The short leading indicators were mixed. Oil prices remain near their bottom. Gas prices and usage remained positive, and initial jobless claims remained positive. Industrial metals were slightly positive. Spreads between corporate bonds and treasuries decreased slightly enough to be negative. The surprise negative for the second week in a row was in temporary staffing, which is now barely positive YoY.
Coincident indicators were mixed, but less negative than recently. There were three real positives: Tax withholding, shipping, and best of all for the second week in a row, Gallup consumer spending. Steel production is still over 10% down from a year ago, but "less awful" this week. Rail was again mixed although slightly positive in total. The TED spread and LIBOR remain barely negative. Johnson Redbook consumer spending had its least positive week in a year.
This week modulated what has been the dominant theme of the last several months: poor coincident indicators with positive long and short leading indicators. There is a shallow industrial recession, but a resilient consumer economy. If there is one more good week in the Gallup consumer survey, I will be confident of an upside breakout in consumer spending. On the other hand, it looks like Oil patch weakness is affecting hiring.

http://community.xe.com/blog/xe-market- ... wn-edition

[BullBear52x]

A reminder of Monthly bearish crossed, see 2008 sell the rips on it. one more week yet, so far the last three weeks histogram has been on negative side.

see my simple sell the rips classic in 2008......................The early bird special this year is when RSI drift below 70 while Histogram stay negative it's time to make a move, for the second mouse, it will be a good time to second your mortgage by the time sell the rip comes you will have enough powder

[DellGriffith]

That second bearish cross of monthly SPY corresponds to the end of QE2 and before Operation Twist. Operation Twist looks like it kicked monthly SPY MACD into a bullish cross where it has stayed ever since....until now as QE3 has ended.

My bias is another strong correction that leads to the fed announcing either QE4 or another Operation Twist.

[tkvprasad]

A reminder of Monthly bearish crossed, see 2008 sell the rips on it. one more week yet, so far the last three weeks histogram has been on negative side.

see my simple sell the rips classic in 2008......................The early bird special this year is when RSI drift below 70 while Histogram stay negative it's time to make a move, for the second mouse, it will be a good time to second your mortgage by the time sell the rip comes you will have enough powder

I guess we dont have to worry as long as price stays above last months red bar open. Last time we had sell back in Dec 2007, all three major indexes spx, indu, compq are all agreed and confirming the sell. This time spx monthly price is higher than last months open and compq is even higher. The indicators are leaning a sell but price doesnt confirm. Thoughts ?.

[BullBear52x]

A reminder of Monthly bearish crossed, see 2008 sell the rips on it. one more week yet, so far the last three weeks histogram has been on negative side.

see my simple sell the rips classic in 2008......................The early bird special this year is when RSI drift below 70 while Histogram stay negative it's time to make a move, for the second mouse, it will be a good time to second your mortgage by the time sell the rip comes you will have enough powder

I guess we dont have to worry as long as price stays above last months red bar open. Last time we had sell back in Dec 2007, all three major indexes spx, indu, compq are all agreed and confirming the sell. This time spx monthly price is higher than last months open and compq is even higher. The indicators are leaning a sell but price doesnt confirm. Thoughts ?.

Price pays always, by the time RSI drops below 70 most likely the price will follow. The question now is how aggressive are you? I will for sure lighten up longs position if not short sell at that moment. if a pull back continue and taking RSI down all the way below 30 I would expect a good dead cat bounce there, only this time the rips will be sold or chase down if price continue lower. Right now RSI is reading 91.44 long way from dropping below 70, so, bulls no worry until then on this time frame.

Here is the chart of 2006-2008, see the dead cat bounce after May of 2006 turned histogram back up and continue to all time high and then we got bearish crossed again beginning of 2008 that's when stuff hit the fan.

[BullBear52x]

The whole world is having enough of unlimited printing, rumor start to fly if king green back don't slow down the printing press, chance of new world reserve currency is in the talk.

And...it slow down a bit now

[BullBear52x]

While all is good, Transportation and Utilities are weakening. not very exciting here. Utilities had been a leading indicator both in the internet and housing bubble, it's something we can pay attention to longer term.

[BullBear52x]

GLD is no go, to survive it must trade above 113. GLTA.

[user13]

The whole world is having enough of unlimited printing, rumor start to fly if king green back don't slow down the printing press, chance of new world reserve currency is in the talk.

And...it slow down a bit now

If they slow it down how will they make up the continuing loss in velocity?

[Out of Bounds]

The whole world is having enough of unlimited printing, rumor start to fly if king green back don't slow down the printing press, chance of new world reserve currency is in the talk.

And...it slow down a bit now

If they slow it down how will they make up the continuing loss in velocity?

I've been watching this for years. SCARY

[user13]

The whole world is having enough of unlimited printing, rumor start to fly if king green back don't slow down the printing press, chance of new world reserve currency is in the talk.

And...it slow down a bit now

If they slow it down how will they make up the continuing loss in velocity?

I've been watching this for years. SCARY

Yea OoB its funny how they have basicly just balanced each other out at this point.

[fehro]

For the bulls.. http://www.ciovaccocapital.com/wordpress/ Video of a slew of charts with bullish view https://www.youtube.com/watch?v=UVA-i1_ ... e=youtu.be

[daytradingES]

peoples' thoughts on whether we are headed back into the channel next week or breakout?