05/29/2012 Live Update

[Tabby]

If u use SID for long/short, overlay EWZ
GL

I created an EWZ / SID chart. Man, SID is weak bigtime, and it has nice fundamentals. How wierd.

SID is an ADR stock. There are many factors you need to consider before investing in ADR.
•ADR is an acronym for American depositary receipt.
•ADRs trade just like stocks but represent shares of a foreign company trading on a foreign stock exchange.
•ADR shares float on supply and demand, just like a regular stock.
•There are three types of ADRs - Level 1, Level 2 and Level 3. Levels 1 and 2 are listings in the U.S., while Level 3 ADRs are public offerings to investors.
•Remember that there are other risks associated with buying ADRs, including inflationary risk, political risk and exchange rate risk.


Read more: http://www.investopedia.com/university/ ... z1wHQQFBlB

[TraderGirl]

Anyone have any ideas on NUGT? thanks

Strong rebound it is but I still think it'd fail eventually, the previous low will be revisited (not necessarily lower low although I believe lower low is more likely).

Cobra, could you explain why NUGT will revisit low? Thanks.

Cobra most likely has a better answer, but here is my take...if you look back at the last major low in 2008, TSI had positive divergence but it came from a lower low. Now, we don't have positive divergence yet...it could come from a higher low or a lower low...but if we are to have potentially 5 waves down, then I don't know if we have yet had that 5th wave, which usually comes with a lower low....

[EvilTrader]

If u use SID for long/short, overlay EWZ
GL

I created an EWZ / SID chart. Man, SID is weak bigtime, and it has nice fundamentals. How wierd.

SID is an ADR stock. There are many factors you need to consider before investing in ADR.
•ADR is an acronym for American depositary receipt.
•ADRs trade just like stocks but represent shares of a foreign company trading on a foreign stock exchange.
•ADR shares float on supply and demand, just like a regular stock.
•There are three types of ADRs - Level 1, Level 2 and Level 3. Levels 1 and 2 are listings in the U.S., while Level 3 ADRs are public offerings to investors.
•Remember that there are other risks associated with buying ADRs, including inflationary risk, political risk and exchange rate risk.


Read more: http://www.investopedia.com/university/ ... z1wHQQFBlB

Fundamentals are not so good, theres oversupply of steel in global markets, prices will probably be marked down, the company is from brazil, it is affected by USD/BRL rate.

[knock]

Anyone have any ideas on NUGT? thanks

Strong rebound it is but I still think it'd fail eventually, the previous low will be revisited (not necessarily lower low although I believe lower low is more likely).

Cobra, could you explain why NUGT will revisit low? Thanks.

Cobra most likely has a better answer, but here is my take...if you look back at the last major low in 2008, TSI had positive divergence but it came from a lower low. Now, we don't have positive divergence yet...it could come from a higher low or a lower low...but if we are to have potentially 5 waves down, then I don't know if we have yet had that 5th wave, which usually comes with a lower low....

this makes great sense. thanks much, TraderGirl!

[fehro]

The EURO is Toast and Will crash this market

[Cobra]

Daily MACD on spy about to have a bullish cross.

Any stats on that ? Is it really bullish, let´s say, a week or two later, or just another technical analysis myth ?

thanks

Any insights CObra ?

Do back test on MACD trading signals, you'd find in most cases, the signals are just whipsaws. I mean generally MACD signals cannot be trusted.

[rpccharts]

DOLLAR HEADED TO 89.00 - MARKET CRASH

[MrMiyagi]

[Cobra]

testing the day low, key time, but overall the pattern favors bears. wait.

[L_T]

If u use SID for long/short, overlay EWZ
GL

I created an EWZ / SID chart. Man, SID is weak bigtime, and it has nice fundamentals. How wierd.

SID is an ADR stock. There are many factors you need to consider before investing in ADR.
•ADR is an acronym for American depositary receipt.
•ADRs trade just like stocks but represent shares of a foreign company trading on a foreign stock exchange.
•ADR shares float on supply and demand, just like a regular stock.
•There are three types of ADRs - Level 1, Level 2 and Level 3. Levels 1 and 2 are listings in the U.S., while Level 3 ADRs are public offerings to investors.
•Remember that there are other risks associated with buying ADRs, including inflationary risk, political risk and exchange rate risk.


Read more: http://www.investopedia.com/university/ ... z1wHQQFBlB

There can be weird tax consequences too.

[EvilTrader]

Daily MACD on spy about to have a bullish cross.

Any stats on that ? Is it really bullish, let´s say, a week or two later, or just another technical analysis myth ?

thanks

Any insights CObra ?

Do back test on MACD trading signals, you'd find in most cases, the signals are just whipsaws. I mean generally MACD signals cannot be trusted.

thanks Cobra.

[Tabby]

If u use SID for long/short, overlay EWZ
GL

I created an EWZ / SID chart. Man, SID is weak bigtime, and it has nice fundamentals. How wierd.

SID is an ADR stock. There are many factors you need to consider before investing in ADR.
•ADR is an acronym for American depositary receipt.
•ADRs trade just like stocks but represent shares of a foreign company trading on a foreign stock exchange.
•ADR shares float on supply and demand, just like a regular stock.
•There are three types of ADRs - Level 1, Level 2 and Level 3. Levels 1 and 2 are listings in the U.S., while Level 3 ADRs are public offerings to investors.
•Remember that there are other risks associated with buying ADRs, including inflationary risk, political risk and exchange rate risk.


Read more: http://www.investopedia.com/university/ ... z1wHQQFBlB

Fundamentals are not so good, theres oversupply of steel in global markets, prices will probably be marked down, the company is from brazil, it is affected by USD/BRL rate.

Yes, you are right steel not doing well but a lot of ADRs , not all have been manipulate easily, some of them are not be tradeable anymore on NYSE. I noticed just before closing someone buys 100 shares at higher price and the next day you see a big difference in the pivot points , R and S calculations in that stock.
Only few known ADR stocks I don't mind to trade such as BIDU.

[Al_Dente]

If u use SID for long/short, overlay EWZ
GL

I created an EWZ / SID chart. Man, SID is weak bigtime, and it has nice fundamentals. How wierd.

Maybe throw GGB in there too...
FXI too…If China hits that stimulus button for real, SID and GGB will export more to China, but then all the steels will too....

[Harapa]

Per VIX market is poised to go up.

Above set up explored the use of VIX to enter exit SPY or IWM.
Based on this set of indicators, taking a position opposite of VIX appears very timely. Note Red VL on VIX chart indicate a buy for VIX but a sell on IWM or SPY, opposite is true of Green line (sell VIX but buy IWM or SPY). Vertical lines drawn in SPY or IWM are copies of lines obtained with VIX.
Here is hourly vharts for SPY

and IWM with the same signals

Currently VIX is about to trigger a sell, only ribbon color (panel 1) needs to change to red. VIX in lower time frames is in sell and equities are in buy mode. I will update when VIX in hourly mode changes its direction.

Using the same set of indicators (and exit/enter criterion used to mark VIX points) directly with equities produces good signals as well, especially with futures.

[TraderGirl]

Descending triangle not lookin' good....

[TWT]

SPX: Ending Diagonal wave (C) "project"

[BullBear52x]

The gap up this morning got my attention to buy the dip intraday, over night swing sell is still on.

[Richarab]

Per VIX market is poised to go up.

VIX_INT.png

Above set up explored the use of VIX to enter exit SPY or IWM.
Based on this set of indicators, taking a position opposite of VIX appears very timely. Note Red VL on VIX chart indicate a buy for VIX but a sell on IWM or SPY, opposite is true of Green line (sell VIX but buy IWM or SPY). Vertical lines drawn in SPY or IWM are copies of lines obtained with VIX.
Here is hourly vharts for SPY

SPX_VIX.png

and IWM with the same signals

iwm by VIX.png

Currently VIX is about to trigger a sell, only ribbon color (panel 1) needs to change to red. VIX in lower time frames is in sell and equities are in buy mode. I will update when VIX in hourly mode changes its direction.

Using the same set of indicators (and exit/enter criterion used to mark VIX points) directly with equities produces good signals as well, especially with futures.

ES_MARSI.png

exceelnt

[Petsamo]

If u use SID for long/short, overlay EWZ
GL

I created an EWZ / SID chart. Man, SID is weak bigtime, and it has nice fundamentals. How wierd.

SID is an ADR stock. There are many factors you need to consider before investing in ADR.
•ADR is an acronym for American depositary receipt.
•ADRs trade just like stocks but represent shares of a foreign company trading on a foreign stock exchange.
•ADR shares float on supply and demand, just like a regular stock.
•There are three types of ADRs - Level 1, Level 2 and Level 3. Levels 1 and 2 are listings in the U.S., while Level 3 ADRs are public offerings to investors.
•Remember that there are other risks associated with buying ADRs, including inflationary risk, political risk and exchange rate risk.


Read more: http://www.investopedia.com/university/ ... z1wHQQFBlB

There's something you may have missed. The last time I wanted an ADR (ITUB), they warned the bank's gonna charge a fee. I dunno what the fee is.

[Orange]

Cobra, do you have any update on AAPL? finished the 3rd push up? Thanks.