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Re: 07/28/2015 Live Update
Posted: Tue Jul 28, 2015 11:36 am
by Al_Dente
Cumulative Advance Decline (the pink line) is moving up VERY SLIGHTLY for the first time since it started down on 17 july.
Cumulative-anything may lag or at least distort a bit, so it’s not an exact timing signal, just a warning.
For example: note on 17 july when the AD peaked, it took SPY two days to notice the dreadful breadth and start moving down…
Re: 07/28/2015 Live Update
Posted: Tue Jul 28, 2015 11:52 am
by Cobra
this bull may have legs.
Re: 07/28/2015 Live Update
Posted: Tue Jul 28, 2015 11:59 am
by fehro
/CL stalling.. another RS.. or triangle.. on the daily trying to print an outside reversal
Re: 07/28/2015 Live Update
Posted: Tue Jul 28, 2015 12:10 pm
by fehro
SPX ... selling some longs here..
Re: 07/28/2015 Live Update
Posted: Tue Jul 28, 2015 12:15 pm
by Cobra
Re: 07/28/2015 Live Update
Posted: Tue Jul 28, 2015 12:22 pm
by Cobra
biggest bull bar after being up a lot, so maybe a pullback here first which likely would be bought.
Re: 07/28/2015 Live Update
Posted: Tue Jul 28, 2015 12:25 pm
by Unique
TSLA: Sold 50% of TSLA calls, have 25% left trailing. If you missed this, I don't feel sorry for ya
ES: Here's the chart for IHS 100% MM = 2094.5~
Heading to the beach, good luck
Re: 07/28/2015 Live Update
Posted: Tue Jul 28, 2015 12:30 pm
by Al_Dente
Unique wrote:TSLA: Sold 50% of TSLA calls, have 25% left trailing. If you missed this, I don't feel sorry for ya
.......................
nice call....... sweet........
Posted: Tue Jul 28, 2015 12:58 pm
by MrMiyagi
- spy
Re: 07/28/2015 Live Update
Posted: Tue Jul 28, 2015 1:06 pm
by silicon_beaver
Finally CL moves above 48.
Update
Posted: Tue Jul 28, 2015 1:16 pm
by MrMiyagi
- spy10
Re: 07/28/2015 Live Update
Posted: Tue Jul 28, 2015 1:17 pm
by Al_Dente
Big green circles illustrate what I’m talking about:
Yesterday’s dip near the close actually printed a higher low … only by a few cents, so it sounds trivial, but bear with me
Note the 7/7 lower low compared with the next day 7/8 where testing the low was a success and printed a higher low but only by a few cents. That was followed by another back-test and a HL on 7/10. From there on up it was higher lows all the way until the break at the top.
I’m NOT suggesting that this leg will be the same. I’m just suggesting that yesterday’s HL at 206.31 matters. I’m also suggesting that a back-test would not be a surprise…
Right now we’re in the middle of a squeeze.
Once the bears exhaust their covering we’ll see if the longs have enough punch to carry the weight all by themselves.
Re: 07/28/2015 Live Update
Posted: Tue Jul 28, 2015 1:17 pm
by fehro
SPX 20d tagged.. a couple overs.. 50d 2101.. resistance top of channel 2093ish one invs H&S target tagged.. possibly two
Re: 07/28/2015 Live Update
Posted: Tue Jul 28, 2015 1:26 pm
by fehro
INDEX days.. TRAN still non stop.. hammers RUT/COMPQ
Posted: Tue Jul 28, 2015 1:30 pm
by MrMiyagi
Might be intraday top here.
Re: 07/28/2015 Live Update
Posted: Tue Jul 28, 2015 1:30 pm
by Cobra
Re: 07/28/2015 Live Update
Posted: Tue Jul 28, 2015 1:31 pm
by fehro
SPX .. out of more longs.. here.. dabble a tiny short
Re: 07/28/2015 Live Update
Posted: Tue Jul 28, 2015 1:43 pm
by jademann
Anyone have any views on whether USO is a short or long term buy here?
Re: 07/28/2015 Live Update
Posted: Tue Jul 28, 2015 1:46 pm
by Al_Dente
Interesting that all the previously weak sectors are getting the bulk of the covering
I don’t know what to make of that
Re: 07/28/2015 Live Update
Posted: Tue Jul 28, 2015 1:49 pm
by fehro
USD.. minor bear flag 60m. worth watching gold/oils for a pop mid to end of the week.. to try to save their monthly weekly candles..