01/07/2016 Live Update

[josephli]

testing day low, vol surge, should be a rebound here then we'll see (still cannot say this bear has legs).

boss, i think the market may have changed, i.e. bull signal may have a much lower success rate compared to last couple of years. it also make we wonder did you see any bullish signal from your hedger chart and institute distribution/accumulation chart? your recent comment seems bullish leaning.

[MrMiyagi]

spy

qqq

[MrMiyagi]

GARTMAN IS RIGHT
WE
ARE
NEVER EVER
GOING UP
AGAIN!!!!

[kongen]

You wondered how TSI works in trending? just like RSI, sell rips buy dips once trend is identified. next sell the rip on overbought >20(TSI) peace out.

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BullBear, I have no idea what TSI stands for or how it's composed. Can you enlighten me? Thank you.

[fehro]

SPX gap fills.. ding ding

[brokebybernacke2]

ok , finally pickin up some steam, still quite tepid selling relative to august, these little bounces hurting bulls, if patterns repeat, we should see continual failure of bounces....
im waiting for 1900 to break for longer term buy, but think that would eventually fail too...

[Unique]

ES: Stepped away for a moment looks but like it made a new lower low day session wise. Still above the overnight session low, but if breakdown continues then there's no major support until 1915, 1900-1892 for the flood.
What's interesting is price is decisively below the lower daily bollinger band and still accelerating..

Edit2: I think bears will finally be able to close near/at the lows today and not have sticksave closes like Monday and Wednesday

[fehro]

Possible support near.. morning chart .. update.. VIX lower than Dec 7 highs.. as SPX makes lower lows…possible divergence

[Shaishen]

You wondered how TSI works in trending? just like RSI, sell rips buy dips once trend is identified. next sell the rip on overbought >20(TSI) peace out.

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BullBear, I have no idea what TSI stands for or how it's composed. Can you enlighten me? Thank you.

http://stockcharts.com/school/doku.php? ... ngth_index

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[Cobra]

now this bear may have legs. too late ha, hard to be bear.

[DellGriffith]

SUCCESS!

My system just gave a buy signal a few minutes ago. Cashed out for about 8% profit.

[MrMiyagi]

nymo

[Cobra]

should be a rebound here first.

[Unique]

TF: Approaching weekly+monthly major support region 1054-1040. If no relief rally there, then LOB.

[Cobra]

the rebound shouldn't be small if my guess is right.

[brokebybernacke2]

ok , finally pickin up some steam, still quite tepid selling relative to august, these little bounces hurting bulls, if patterns repeat, we should see continual failure of bounces....
im waiting for 1900 to break for longer term buy, but think that would eventually fail too...

little early to be parading these guys out...
http://www.cnbc.com/2016/01/07/doll-no- ... -year.html

[DellGriffith]

Sell signal a few minutes ago.

[fehro]

SPX last hourlies..still ugly.. maybe still a tad lower.. small position long

[fehro]

/GC 1107 -$2 bucks short of 20w SMA 1109.70 . chart delayed

/GC 0.90 short of 20w SMA.. crazy.. could see a gap up tomorrow.. DXY on multi week trend.. could see DXY gap down tomorrow. fwiw.

[gappy]

Late lunch lookin. Heiken hourly. Still riding the channel down despite a pre-cash ponzi pump, that swung the Coppock up, but still -0.41. ADX droopy, sharp cycling between ob/os w/ more bounce. Looks loke a sidewinder until China opens shop tonight, so SPX should too. We will see.

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Japan is getting to a decision point.

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Vote Cobra. glta