07/29/2014 Live Update

[gappy]

http://macro-man.blogspot.com/2014/07/t ... erage.html

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Imagine having this chart ~1995. You would then have step aside (or worst shorted the market). That would be pretty stup......

http://blog.yardeni.com/Yes ma'am.

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This essentially re-enforces what I said before. A peak in any indicator is not necessarily a doom signal.

I agree. Actually there are no "doom signals", just doom as it never announces itself. But in trading, I always have the notions of "random walk" and "reversal to the mean" in the back of my small noggin.

[FlowerGirl]

Biotechs are running up nicely. Own some NVAX

A good find.

[FlowerGirl]

I agree. Actually there are no "doom signals", just doom as it never announces itself.

[Cobra]

my wild-est-est-est guess for fun.

[FlowerGirl]

Buy or sell at the trend line?

[fehro]

The attachment grpn.png is no longer available

Buy or sell at the trend line?

GRPN daily.. fwiw...sell at upper cyan, or break of cyan.. imho.

[Al_Dente]

GDX double top

[gappy]

5 hour. Frontrun on the ADP has started.

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Looking for 1295 this time manana. But because the fractal indicates no net change, I spectate only. For fun.

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[Cobra]

pullback as expected, now let's see the rebound part.

[fehro]

INDEX dailies... TRANsports.. weak

[FlowerGirl]

grpn.png

Buy or sell at the trend line?

GRPN daily.. fwiw...sell at upper cyan, or break of cyan.. imho.

Thanks fehro. Actually I am watching for any reaction ~the lower trend line for a quick move

[Cobra]

wild-est-est-est guess if off. this pullback may have legs. vol surge might see rebound here first.

[Al_Dente]

AAPL was 56c away from round-number resistance

[fehro]

SPX 15m.. wedge break?.. not so sure.. tagging 20d SMA 1975.75ish.. support

[gappy]

Diversion.

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[jack black]

IMHO, the equities didn't price in the fallouts of the ukrainian, iraq, and gaza wars. Things can get ugly quickly before they get better.
We are also ridiculously overbought (see margin levels) and in bad seasonality (summer). What can go wrong?
The only things that are keeping stocks afloat at this point are money printing and huge money inflows into equities. The question is is that smart money or dumb money. Time will tell.
One big unknown is the 2Q GDP number coming soon.

In the meantime, party like it's 2007: http://www.bloomberg.com/news/2014-07-2 ... -july.html

[Xian]

AAPL was 56c away from round-number resistance

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Thanks Pasta. Your Franken-worm is getting into pullback region on AAPL as well.

OT: Quick market drop on just announced EU sanctions on Russia? — That everyone knew were coming? Hmmm….

[gappy]

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[brucekeller]

VIX has woken up with a vengeance.

New lower low on IWM, now they all have lower lows... plunge mode engaged?

[gappy]

Hmmm

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