07/28/2015 Live Update

[fehro]

Anyone have any views on whether USO is a short or long term buy here?

long USO C for a short term pop to start.. if it happens this week.. USD weakish, OIL trying to hammer the weekly.. way too early in the week tho... and monthly is just absolutely ugly at this point

[Trades with cats]

Pasta Man, weekend news showed how hedge funds getting out of energy or going short. If your gonna move the market wouldn't that be a good place to squeeze?

[silicon_beaver]

Anyone have any views on whether USO is a short or long term buy here?

I am long but in water.

[MrMiyagi]

SPY $209.34 hit.

[fehro]

INDEX days

[Al_Dente]

Pasta Man, weekend news showed how hedge funds getting out of energy or going short. If your gonna move the market wouldn't that be a good place to squeeze?

Thanks boss, I’m squeezing the pasta

[Al_Dente]

FWIW target met on the ascending triangle FWIW ONLY
Internally bulls (short-coverers) still show massive strength….

[MrMiyagi]

Anyone else wondering if this is a runup to FOMC tomorrow followed by a big thud?

[Trades with cats]

Don't forget that 1 of the six stocks holding up the market, Gilead, reports after the close, then the last of the six in the NASDAQ , Facebook, reports tomorrow (After Aunt Janet). The last of the six for S&P, Disney, reports a week from now (Aug 4). Either could easily pull market up overnight for a gap and go but these days it has been more of a gap and sink

[Cobra]

time for 2:30 to 3:00 counter trend move. the move usually would be bought.

[QED]

Anyone else wondering if this is a runup to FOMC tomorrow followed by a big thud?

Or … somebody has advance info?

[Al_Dente]

Partial out, tightened stop on the rest so they can’t steal too much back from me
Now I can calm down and listen to my fave “Chill Out” track
https://www.youtube.com/watch?v=CvFH_6DNRCY

[Al_Dente]

Blog-o-sphere sentiment:
http://tickersense.typepad.com/ticker_sense/

[MrMiyagi]

Or … somebody has advance info?

This is possible, however if that was the case I think they would be quietly buying up to sell on a huge pop post-FOMC.

This stinks more of buy the rumor sell the news.

[tsf]

Mr M, your 212.97 pbars look familiar.
I seem to recall the big up spike to 212.97 on Dec 18, 2014
At the time, Eric Scott Hunsader theorized that it could have only come from NY Fed
because the spike was executed on the last second of the trading date.
It was made up of 1,147 trades of 610k shares worth $200m.
It jumped the queue to the top of the line, with no complaints from authorities or the industry.

I don't know if 212.97 has any significance this time around or not.

But thank you for all your pbar update.

1382.png

[MrMiyagi]

I don't know if 212.97 has any significance this time around or not.

But thank you for all your pbar update.

You're welcome. Don't read too deep into importance of numbers on these, just keep them in your peripheral vision.

[MrMiyagi]

!!! POWER HOUR !!!

Unleash the kitties

[Cobra]

!!! POWER HOUR !!!

Unleash the kitties

[fehro]

SPX .. minor H&S 5m.. target if it plays out.. 20d 2089ish

[Unique]

Al Brooks' weekend update was quite interesting and similar to Cobra's outlook, highly recommend to check it out while you waituing for SPY to shake shake shake
Snippet:

Monthly S&P500 Emini futures candlestick chart: Candlestick pattern will be clearer next week
The monthly S&P500 Emini futures candlestick chart has been above its moving average for 37 months, which has happened only twice before in the past 50 years, Since the moving average is about 10% down from the high, there is about an 80% chance of at least a 10% pullback this year. The current candlestick pattern in a doji, but the month has one week left and it can be a strong bull or bear bar once it closes next Friday. The context is a tight trading range, which is a breakout mode candlestick pattern. This type of price action is usually followed by a breakout. Since the monthly chart is so overbought, a bull breakout will probably fail within a few months and then reverse down.

The bear reversal will probably just become a pullback on the monthly chart, which means that there will probably be bulls willing to buy once it falls to the moving average. However, the selloff will be enough to create at least a brief bear trend on the daily chart.

Link: https://brookstradingcourse.com/market- ... is-likely/

Market plunge protection team/bulls doing everything in their power to protect the status quo...

And just like that... ES/the market's monthly candle is back to bull sticksave from the threat of bearish breakdown yesterday...
3 sessions left...will the Summer range continue 2134 vs 2034?

Beach with Toronto 35C+ weather not a good idea...stopped out