01/20/2016 Live Update

[Trades with cats]

Looks like somebody read the NetFlix balance sheet this morning. Not trying to be sarcastic or insensitive, but not all subscribers are equal. AND I know they have done the free trial just like AOL used to do. Credit lines and IPO's are all shutting down so they increase their cash burn rate to acquire overseas eyeballs.

So at this rate (Alcoa, IBM, NetFlix) earnings season is going to be a disaster. I remember the good old days when people used to share tips on playing earnings announcement bounces.

[rhight]

I use an unconventional setting on the weekly full stochastic but it works for me. As you can see (although intraweek today) it is pushing the zone where turns have been made over the last 10 years, including the 2008 crash. This has a good record when the Daily stochastic makes a bull turn while the Weekly Sto is this extreme.

[Al_Dente]

FAANG and others
20 days, % change

[Al_Dente]

[rhight]

120heat.png.png

Wait, I see a green square, all hope is not lost!

[superxy]

120heat.png.png

Wait, I see a green square, all hope is not lost!

it is vix.....

[Al_Dente]

120heat.png.png

Wait, I see a green square, all hope is not lost!

hey nice to see u back


NYSE
Declining stocks are 26 x advancing stocks
Declining volume is 35 x advancing volume

[fehro]

SPX gap filled 1832-35.. now LOD only 9 points away from 2014 Oct lows

[DellGriffith]

WIll the dow drop 500 or 600 points today?

[josephli]

USDJPY briefly breached 116 overnight. the level needs to be hold for bull's hope, otherwise we will quick flush on the US equity

[brokebybernacke2]

dang this is a good move folks, we going to test 1800 at least imo, finally a capitulation day, set up for bounce!!!

[Al_Dente]

Just for reference, here’s the $NYDNV:$NYUPV
Past 6 months

[DellGriffith]

No intraday buy signals at all so far today. Just sell.

[rhight]

120heat.png.png

Wait, I see a green square, all hope is not lost!

hey nice to see u back

Thanks, I drop by occasionally, just not often enough

[brokebybernacke2]

dang this is a good move folks, we going to test 1800 at least imo, finally a capitulation day, set up for bounce!!!

here levels i watch...
4 Week Low
13 Week Low
183.52

52 Week Low
182.40
this one breaks, we may get near or past 1800.....

14 Day RSI at 20%
171.51

[uempel]

Excluding 2008 only two instances when BPNYA was lower than today - 1998 and 2011.

[Al_Dente]

Suicide bomb
Kabul
target: journalists

[Out of Bounds]

Long 182.50

[rhight]

dang this is a good move folks, we going to test 1800 at least imo, finally a capitulation day, set up for bounce!!!

here levels i watch...
4 Week Low
13 Week Low
183.52

52 Week Low
182.40
this one breaks, we may get near or past 1800.....

14 Day RSI at 20%
171.51

There appears to be a no buy filter in place on all the algos. Let's see what happens when/if the SPX October 2014 low of 1820.66 is hit.

[rhight]

BTW, the mostly reliable Buy signal (swing to intermediate) I mentioned over the weekend fails with the Lower Low. Although, my most conservative entry never triggered, that keys off highs defined by the 60 min stochastic.