07/30/2013 Live Update

[joegamma]

covered my o/n calls for a few $, own a few puts, thinking I may have to take some heat on being short for the next few days...Unchanged issues jumped, ?? IDK, maybe they got short at the lows yesterday?
Adv and Dec bearish divergences are not bearish as of now, could change later today...

Medium term breadth points to lower prices (a week+ further out), but not right now, GL to all

[rhight]

Greetings,
As a lurker, and former contributor,

Very nice. You should go from "former" to "current" contributor!

Do I see you follow Demark counts as well?

I use a Demark spreadsheet I got from HealthyWealthyWiseProject.com for $40. It seems to me that the Demark system was developed in a pre-QE world. There have been 7 Daily TD Sell Set-up 9 counts in a row, since the last TD Buy Set-up 9 count on 5/15/2012. The market seems to ignore the Sell Set-ups and Sequential Sell Countdown 13's, but can hardly wait for 1 TD Buy Set-up 9 count to complete before advancing. Maybe if we ever have a free market again, they will begin to work. I deleted most of the Demark notations to clean up the chart before posting. They may still work on shorter time frames (60 min, 15 min, etc.) but I don't have the ability to follow those.

[fehro]

small bull flag? SPX 5m ... but probably more chop until tomorrow's FOMC meeting at 2:00 pm EST -*added a down blue channel, should for whatever reason we start trending down

[1der]

FYI - I have a gap on May 21 2012, day after IPO. FB is in that gap now.

[daytradingES]

DayTradingES
Thanks for the update.
I did notice in my scans that there was a lot of buying of 1X, 2X, & 3X -- Short funds.
This was a Bullish MACD scan. I anticipated more of a pullback from the open similar to previous days trends.
Good Trades,
PanamaJack

thanks Jack.

It good well be setting us up for a big fall.
Certainly the market is extremely high and we have that triple top in the 1695 area.

I am trying to do one day at a time and though I want to trade today - so far it's just been another cabbage day (choppy narrow-range mess) - so at this point I'm waiting.
edit : delete now towards the buy side ---

flicking back and forth

[nicha]

Cobra - what do say about NFLX ? Thanks.

[Out of Bounds]

Cobra - what do say about NFLX ? Thanks.

It's in his "featured stocks" column.

[Al_Dente]

Does anyone have a chart showing VERTICAL LINES on the FOMC days?
I thought Cobra had one, but I can’t find it

Or a link to FOMC dates so I can construct my own
Thanks advance

[fehro]

SPX 15m

[jposner]

Or a link to FOMC dates so I can construct my own
Thanks advance

http://www.federalreserve.gov/monetaryp ... endars.htm

It only has dates going back to 2008, but that should be a start.

[Cobra]

2nd test of day low, if bulls could make higher low then it'll test the range high. so key time.

[Al_Dente]

XIV (the futures volatility traders) and 1/VIX (the options traders) disagree on the direction of the mkt
INTRADAY ONLY

[Al_Dente]

Or a link to FOMC dates so I can construct my own
Thanks advance

http://www.federalreserve.gov/monetaryp ... endars.htm
It only has dates going back to 2008, but that should be a start.

thanks buddy

[fehro]

careful... break cyan wedge... could get ugly fast...

[rhight]

This is a very interesting article, that may help to explain what the trading algos are doing : (you may not be able to read it if you are not registered (free) at Seeking Alpha)


http://seekingalpha.com/article/1580262 ... view&ifp=0

[Cobra]

volume surge, may see rebound here first. then we'll see.

[fehro]

SPX 60m... in a large triangle.. and/or H&S

[Anaconda]

Who's afraid of the big bad Wolfe?

[fehro]

VIX staying green today with the markets so far.

[Cobra]

2 legged rebound here I guess.