02/10/2017 Live Update

[Al_Dente]

Al Dente's worm:

[Daniel]

I posted this XLF PBar a week ago. It was tagged right at the open this morning and then sold off....Perhaps the jackals have finished a market operation...

Perhaps the jackals have performed another. Anyone on this board seeing the StockCharts basic SPY chart Cobra just posted? Daily low listed as 230.62; yet no bar on the chart poked below 230.90 at any point. No pbar even.
It's not academic as I had a buy stop at .62 exactly which did not get filled. Pbars rarely result in small order stop-ins or outs.
Odd.

[BullBear52x]

No dip to buy, oh well, I will try to sell again under /ES 12.25. still want to buy dip but not at this level.

[Daniel]

LONG time no see. Crazy ass bull market, but now it looks kind of toppish to me. But then the Daily ADX has potential crazy bull cross.

Nice charts. And one must always respect ADX, it often locks onto valid trends at an early stage. And bears must currently beware that there is long-timeframe bullish seasonality associated with the Presidential Cycle, coming up ahead--as reported and tracked by one of Al D's favorites, Stock Trader's Almanac (J.Hirsh etal). This is historically a tailwind period for the stock market.

[Al_Dente]

Whoa Nellie they’re trying to squeeze the small caps
ONE PENNY shy of the old ATH on IWM

[Trades with cats]

Getting way too close to ES 2316 for comfort. Going to have to cover the walls in my trading room with magic 6's.

[Al_Dente]

NY advancing stocks = 2.3 x declining stocks
NY advancing volume = 2.1 x declining volume

NY advancing stocks = 2.8 x declining stocks
NY advancing volume = 2.6 x declining volume

[uempel]

Long term weekly SPX shows resistance (center line of blue channel) and long term bullishness (no crossover of the two moving averages 75 and 122)

SPX weekly linear

[Trades with cats]

I have read some who claim the big boys like to arrange a lunch hour move to bring in the retail traders who check the market before starting back to work. Small cap run up between 12:30 and 1:30 was probably just a coincidence that the strongest move of the day happens over lunch. Of course IF it were to sell off one would wonder about distribution at the top to retail traders, but that would never happen in our carefully regulated markets!

[BullBear52x]

Whoa Nellie they’re trying to squeeze the small caps
ONE PENNY shy of the old ATH on IWM

one key word out.

[Al_Dente]

Whoa Nellie they’re trying to squeeze the small caps
ONE PENNY shy of the old ATH on IWM

one key word out.

DEAR SMALLS:
that’s it? that’s all u got? that’s not a squeeze it’s a wussie
let's see if they try again ....
if nothing else they gave us a good benchmark for stops
bye boss

[Trades with cats]

This is Mountain time add 2 hours for New York. The red blue cloud is the Chandre Knoll volatility envelope I use as a stop level.

[Al_Dente]

These are the things that the smalls know and love
5min
They are all still bull
(can change quickly)

[BullBear52x]

Long stop is getting lift up higher and higher. bears got no chance today.

[Al_Dente]

............ The red blue cloud is the Chandre Knoll volatility envelope I use as a stop level.

ok that's cool thanks boss

[Al_Dente]

Oy, squidgeeee, IWM new high ATH

[BullBear52x]

On another hands, $VIX is picking up positive tick now. I am selling right here.,

will not doing any thing until the closed. Peace!

[BullBear52x]

Getting way too close to ES 2316 for comfort. Going to have to cover the walls in my trading room with magic 6's.

.25 away from it

[uempel]

BB 55.20 is resistance - quite often it holds, see the black arrows. Now at SPX 2321.

[Al_Dente]

Note although IWM new ATH
RUT not yet (RUT ATH would be at 1392.71…… not quite there yet….. almost...)