10/02/2012 Live Update

[BullBear52x]

bots r selling this

Oh calling me a bots now?

u r Honey Boo Boo today
nydec is just 1500
I would like to see it higher for bears and sharks

The attachment honeyboo.png is no longer available

How many more internals to point out?

[fehro]

5m SPX... bullish descending wedge green (possible...posD on MacD forming)... or pink down channel

[Petsamo]

Bear raid coming. I just bought some WLT, 50 shares only. I can sell at anytime

[Al_Dente]

Here is a collection of sentiment stats as reported by Decision Point:
SENTIMENT INDICATORS
-----------------------------
Wall Street Sentiment Survey: 22% Bulls 50% Bears (9/21)
AAII Investor...............: 36% Bulls 36% Bears (9/26)
Investors Intelligence......: 51% Bulls 25% Bears (9/21)
Short Interest Ratio(Sep 15): 3.8 (5.0 or greater is bullish.)
Bollinger PVI (OEX).........: 1.09 (2.0 or greater is BUY Signal)
Bollinger PVI (CBOE)........: 0.73 (2.0 or greater is BUY Signal)
Seems like a mixed bag to me.

thanks mr bnut
do you have a link for the source of the "Short Interest Ratio"

[uempel]

Here is the signal for tomorrow morning. I don't know the direction and I'll be all cash

[ClarkW]

Come on GDX, go down already! http://www.youtube.com/watch?v=GqH21LEmfbQ You better not be forming right shoulder on me!

[KeiZai]

no please no double bottom keep going

[CMT]

TLT can not pop that falling wedge! Trying for the past three days, but bouncing perfectly off each day. I know these breakout 68% to the upside but I'm gambling for a 115 print, lower wedge on this one. Stop is an easy 125.00

[Al_Dente]

AL
Check this out if you are still interested in knowing the shape of VIX futures curve in real time.
http://vixcentral.com/
Look under VIX Term Structure

Thanks H
I think it’ll be in contango until the mkt really breaks, and the further out contracts get cheaper than the near term contracts
?
[I didn’t mean UNTIL, I meant IF, IF]
VERY cool link

[essessme]

TraderLady, did you check out this link posted by fehro? Hinders me to play the short side aggressively

[ I saw statistics last weekend, way too many shorts out there.

Here's another one

http://www.ritholtz.com/blog/2012/10/se ... arishness/

I think this is more of a long term indicator.

noob, my wild guess is that it's too attractive for aggressive players. If they do it right they can push SPX way up

Thanks everyone - looks like an important level here

[Mr. BachNut]

Here is a collection of sentiment stats as reported by Decision Point:
SENTIMENT INDICATORS
-----------------------------
Wall Street Sentiment Survey: 22% Bulls 50% Bears (9/21)
AAII Investor...............: 36% Bulls 36% Bears (9/26)
Investors Intelligence......: 51% Bulls 25% Bears (9/21)
Short Interest Ratio(Sep 15): 3.8 (5.0 or greater is bullish.)
Bollinger PVI (OEX).........: 1.09 (2.0 or greater is BUY Signal)
Bollinger PVI (CBOE)........: 0.73 (2.0 or greater is BUY Signal)
Seems like a mixed bag to me.

thanks mr bnut
do you have a link for the source of the "Short Interest Ratio"

I get it from a subscription site: http://www.decisionpoint.com/
They don't appear to provide the source data.

[Al_Dente]

30 min

[uempel]

Todd Salmone posted this chart Saturday:

[Al_Dente]

Here is a collection of sentiment stats as reported by Decision Point:
SENTIMENT INDICATORS
-----------------------------
Wall Street Sentiment Survey: 22% Bulls 50% Bears (9/21)
AAII Investor...............: 36% Bulls 36% Bears (9/26)
Investors Intelligence......: 51% Bulls 25% Bears (9/21)
Short Interest Ratio(Sep 15): 3.8 (5.0 or greater is bullish.)
Bollinger PVI (OEX).........: 1.09 (2.0 or greater is BUY Signal)
Bollinger PVI (CBOE)........: 0.73 (2.0 or greater is BUY Signal)
Seems like a mixed bag to me.

thanks mr bnut
do you have a link for the source of the "Short Interest Ratio"

I get it from a subscription site: http://www.decisionpoint.com/
They don't appear to provide the source data.

Thanks mr b
Swenlin is one of the “Smarty Pants” contributors to stockcharts.com
I don’t subscribe
So anything u can steal (and credit) and post here is mucho appreciated

[fehro]

sitting right on trend line.. bounce or break? break expect a sharp move down.

[BullBear52x]

today is harder to trade in ways that no standard tick/ding on SPY all day, I have to heavily rely on internals, you know the internals can just switch its mood on you that's not so fun park, well, chart pattern wise, bears are looking better and better by a minute. Fib extensions gives bulls last stand at 143.76

[Cobra]

breakdown indeed. now the next line to watch is the blue trend line below.

[MrMiyagi]

[Mr. BachNut]

Here's another one
http://www.ritholtz.com/blog/2012/10/se ... arishness/[/quote]
thanks fehro[/quote]

This chart suggests bearishness is significantly greater now then at any time in the last 27 years including 2008/2009 when the financial system was in crisis.
That is remarkable. [/quote]

Keep in mind...

The Sell Side Indicator is based on the average recommended equity allocation of Wall Street strategists as of the last business day of each month

Could be trading strategies have changed in the last 15yrs with HFT, etc.[/quote]

Could be. I actually do agree with the idea that equity allocation weightings are low. I have talked to a handful of professional asset managers (not hedgies but conservative long only prudent investor types) since Labor Day. Most confessed to being overweight cash and expressed a desire to put it to work. This (along with the large commercial hedger short position) suggest to me that there is a floor under any correction and that there will be demand into year end.

[uempel]

A close look at the signal indicates that it's not for tomorrow opening, looks like 3:30 p.m. today.