01/06/2015 Live Update

[L_T]

Reversal of fortune? (I need an emoticon of someone vomiting...)

[L_T]

Al what do you know about BABA here? I saw you mention something about it over the weekend right?

[KENA]

No DT's so far today but still holding TZA as things still look like more dn trend. The new lows are holding in the lower area but still in up trend.

chart by stocktiming

-%20lows.png (11.42 KiB) Viewed 17493 times

[KENA]

The liquidity is still in dn trend and is approaching the lower quadrant

chart by stocktiming

[fehro]

so much for the invs H&S… fail.. hourly candle leaning bearish.. but 6m to go.. possible wider green expanding triangle.. VIX lags..

[fehro]

XIV could really fall apart here..

[KENA]

chart by stocktiming

The options liquidity is still in dn trend. More dn ahead

[Cobra]

this bear may have legs.

[KENA]

The NYA is still heading dn and now looks like it may test the last higher low. Lets see.

chart by stocktiming

[fehro]

SPX

[fehro]

INDEX RUT tests 50d

[Al_Dente]

XIV dome …. now what?
Bulkowski calls the dome a “Rounding Top Pattern” and “inverted bowl” and he notes that “When the right rim is above the left [higher low], the pattern outperforms [to the upside].” That is not the case here.
For a breakout, he waits for a 32% retracement bounce to confirm a buy signal.
A breakdown would be confirmed by a lower low breaking the pink line dome base. [That just happened; this chart is late.]
http://thepatternsite.com/roundingtop.html
Martha Stokes notes that the Accumulation/Distribution indicator (gray behind price) usually shows a rounding pattern that “leads the stock price”, while Bulkowski notes that straight volume shows a “rounded, U-shaped, appearance” [like the gray “smile” on the volume panel], and that “patterns with U-shaped volume outperform” and “Heavy breakout volume suggests better performance.”

[Al_Dente]

Al what do you know about BABA here? I saw you mention something about it over the weekend right?

testing double bottom

[FlowerGirl]

This should be good enough to convince even the most pessimist...
viewtopic.php?f=2&t=1539&p=180289#p180289

or may be not...

[chetas]

This should be good enough to convince even the most pessimist...
viewtopic.php?f=2&t=1539&p=180289#p180289

spy.png

or may be not...

Much appreciated.

[fehro]

SPX / VIX 15m

[FlowerGirl]

Current market conditions favor fulfillment of down side projections.
Next rest point for ES is ~1970...a break below 2006 and there we go...
Cash is King...Don't waste...Don't loose...

Target invoked...

[fehro]

TLT weekly… nearing 2012 highs 132.21.. red channel next if it breaks through

[fehro]

SPX daily.. retesting AUG/SEPT highs.. could start to accelerate to the downside

[Eddie]

It is still early in the month, so I am not banking the house and farm on this analysis. The bulls deserve the benefit of the doubt. Just something to be mindful of. If we have a monthly close of the NYSE below it's 12 month MA, and the PMO bearish cross holds, I would be very cautious about longs. A new bear market could be in the works. Typically, if PMO is in bull mode, but RSI crosses 50 from above 70, additional weakness can be expected. But, in this case, it looks like there will be bearish PMO cross as well.