11/20/2015 Live Update

[Daniel]

Dollar relentlessly grinding higher this AM. Snuffing the life out of commodity 'animal spirits'. XLE is a rs-weakling again.

UUP back over 25.90

[MrMiyagi]

spy

[DellGriffith]

If you put uniques es calls for the day onto SPY, he had a great day. He posted his all aboard picture at the open. he said sell half almost at the exact top. Very strong work.

[DellGriffith]

Unfortunately I don't get to my desk at work until around 10:30 eastern. Unique was done and gone before I even showed up.

[Daniel]

Emerging markets got a strong writeup from Goldman, much mentioned on Bloomberg news, and today EEM, FXI, EWZ lead the sector RS standings.

Their outlook is, of course, meant for glacial timeframes-- institutional 3-year perf timeframes...

[MrMiyagi]

Unfortunately I don't get to my desk at work until around 10:30 eastern. Unique was done and gone before I even showed up.

That shower curtain ring racket is gonna kill you one of these days, too much pressure!

[DellGriffith]

Unfortunately I don't get to my desk at work until around 10:30 eastern. Unique was done and gone before I even showed up.

That shower curtain ring racket is gonna kill you one of these days, too much pressure!

That's how Houdini died you know!

[MrMiyagi]

aapl

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[QED]

Unfortunately I don't get to my desk at work until around 10:30 eastern. Unique was done and gone before I even showed up.

Showing up to work early does have certain advantages!

[nikman]

Mr. BackNut, Am I reading your chart correctly? You're expecting a corrective pullback to 2042 or even lower to 2020? Especially because everyone is saying that we are now cleared for the retest of the all time high. Thanks in advance for the clarification.

Mr. B here.

I have marked 11/13 as the NYMO cycle low with a benchmark of SPX 2022.02.
NYMO has made a higher high and a higher low, but it has really struggled this week to get over the zero line.
It is above it now, but we have to wait for the close for confirmation.
It is a little concerning given that it took OPEX to get it here.

The first target for the upcycle has been reached though there remains a slight open gap above the morning highs.
I believe that gap was closed in the SPY, which is satisfactory.
Further upside targets are marked.

I have kept some of my downside targets on the chart.
Because NYMO has not shown the same vigor as price, I am open to the possibility of a corrective pullback after OPEX.
Also, the failure of price to reach benchmark in the last downcycle (3 handles shy) may be unfinished business or at least call for a test.
If we get a corrective move, I'll be looking for evidence of positive divergence in NYMO.

I was a little net short last post (short with a hedge).
Shorts were closed for a profit on the break of the 200 day MA.
I overstayed my welcome as I was waiting for a tag of the benchmark. At least the register was rung.
Longs are still on with a profit stop.

I may day trade short a corrective move, but assuming the upcycle holds, I'll want to gather or reload longs on a pullback.

NYMO 112015.jpg

[uempel]

Today's SPX move is confirmed by both BPNYA and BPSPX - here the BPSPX chart with SPX. Note - showing a short term chart with Bullish Percentages versus index (in order to visualize the lag) is Al Dente's idea. I'm kind of ashamed that I never thought of it myself

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2015/11 ... ay-update/

[MrMiyagi]

SPY first target $209.52 hit.

[Cobra]

100% mm and testing 15 min EMA20, might be some buyers here, let's see.

[DellGriffith]

Unfortunately I don't get to my desk at work until around 10:30 eastern. Unique was done and gone before I even showed up.

Showing up to work early does have certain advantages!

Well I have a chromebook so I can follow along as I commute but its a hassle.

Its the price I pay for palm trees and sunshine in november.

[uempel]

Checking in on these ellipses:

[DellGriffith]

potential breakout imminent.

[DellGriffith]

Let's play the breakout with a mad money long SPY here.

[Daniel]

SPY, IWM at or above daily R2 pivot-- QQQ not yet. By this measure, internal RS, QQQ is weaker today.

[MrMiyagi]

Let's play the breakout with a mad money long SPY here.

SPY Intraday 1& 5 min MACD turning up together, it could be a good little pop if it keeps it up. 25 to 30 cents.