07/31/2015 Live Update

Unique · Post by **Unique** » Fri Jul 31, 2015 1:42 pm

Unique wrote:Shorted NQ 4600, stop = 4609. If this short fails, then we gonna have quick squeeze to 61.8% fib level = 4614 that I talked about yesterday.

NQ: Looks like the HOD confirmed signal was correct.

I just covered 50% of my NQ shorts @ 4586, and not gonna hold any over the weekend. Will cover the rest by EOD. Not sure if the big boys wants us to break the 4582.25 low before the options all expire worthless today....that's why I covered half at 4586. Could try for a 15m micro double bottom bounce here.

It is a confirmed 15m Lower High day though with confirmed HOD is in at 4608.75 as noted earlier

Heck · Post by **Heck** » Fri Jul 31, 2015 1:43 pm

Two of three ISE Indices again = BUY

https://www.ise.com/market-data/isee-index/

Unique · Post by **Unique** » Fri Jul 31, 2015 1:51 pm

Unique wrote:
jway888 wrote:
Unique wrote:Shorted NQ 4600, stop = 4609. If this short fails, then we gonna have quick squeeze to 61.8% fib level = 4614 that I talked about yesterday.
loaded some PUT QQQ too. Stop is intraday high
NQ closed as hourly bull,bear,bull setup just now. We're in the same boat, looks like we can't bust out the champagne early. Gotta wait another hour

It's champagne time boys!

fehro · Post by **fehro** » Fri Jul 31, 2015 1:58 pm

worth watching gold.. seems impossible and doubtful.. but 2 hours to close the monthly.... GLD would need about a $4 move to make it respectable .. monthly wise

fehro · Post by **fehro** » Fri Jul 31, 2015 2:00 pm

/CL hammers on the hourly.. could get interesting into the close...

Unique · Post by **Unique** » Fri Jul 31, 2015 2:01 pm

NQ UPDATE:

Covered the remaining 50% shorts @ 4587, gotta deal with a real life emergency. Peace out, have a great weekend all!

Jennyahwu · Post by **Jennyahwu** » Fri Jul 31, 2015 2:19 pm

can we long oil for monday big jump as u say usd will go down, so better to load gold /gld/ and uco ? thanks

MrMiyagi · Post by **MrMiyagi** » Fri Jul 31, 2015 2:22 pm

Bulls have left for the Weekend.

MrMiyagi · Post by **MrMiyagi** » Fri Jul 31, 2015 2:29 pm

Oil Bulls are following.

Sleeperz · Post by **Sleeperz** » Fri Jul 31, 2015 2:39 pm

Take your chances, Rig counts down -2 US +15 Canada OPEC supply is up.

Investing.com -- Crude futures continued their steady decline on Friday in spite of a weaker dollar, as surging production among Opec members in July pushed supply at the world's largest oil cartel to its highest level in seven years.

OPEC supply surged to 32.01 million barrels per day on the month, according to a Reuters survey, rising slightly from an upwardly revised total of 31.87 million bpd in June. Since roiling global energy markets in November with a strategic decision to boost its market share by leaving its production ceiling above 30 million bpd, OPEC supply has increased by more than 1.6 million bpd.

Jennyahwu wrote:can we long oil for monday big jump as u say usd will go down, so better to load gold /gld/ and uco ? thanks

fehro · Post by **fehro** » Fri Jul 31, 2015 2:43 pm

Jennyahwu wrote:can we long oil for monday big jump as u say usd will go down, so better to load gold /gld/ and uco ? thanks

both risky.. why not wait for a confirmation on Monday?... or enter a very small position 1/8th, and if it goes scale in... but may only be a reactionary bounce/short covering rally.. not a long term swing.. imho... OIL looks much weaker.. and doubtful..

MrMiyagi · Post by **MrMiyagi** » Fri Jul 31, 2015 3:02 pm

!!! POWER HOUR !!!

MrMiyagi · Post by **MrMiyagi** » Fri Jul 31, 2015 3:14 pm

Coma hour?

jway888 · Post by **jway888** » Fri Jul 31, 2015 3:22 pm

MrMiyagi wrote:Coma hour?

SPY 210.50 peg peg hour?
QQQ 112.00 peg peg hour?

fehro · Post by **fehro** » Fri Jul 31, 2015 3:24 pm

SPX .. possible H&S.. 5m.. looks better on the SPY 5. .or we as per usual gap it Monday...

jway888 · Post by **jway888** » Fri Jul 31, 2015 3:27 pm

Unique wrote:
Unique wrote:
jway888 wrote:
Unique wrote:Shorted NQ 4600, stop = 4609. If this short fails, then we gonna have quick squeeze to 61.8% fib level = 4614 that I talked about yesterday.
loaded some PUT QQQ too. Stop is intraday high
NQ closed as hourly bull,bear,bull setup just now. We're in the same boat, looks like we can't bust out the champagne early. Gotta wait another hour
It's champagne time boys!

Exactly!

fehro · Post by **fehro** » Fri Jul 31, 2015 3:31 pm

come to papa... .almost at 50d/20w 2100ish will cover partial shorts from earlier there

Sleeperz · Post by **Sleeperz** » Fri Jul 31, 2015 3:32 pm

Debt default possible over the weekend.

NEW YORK, July 31 (Reuters) - Puerto Rico on Friday planned to cover a payment due on debt owed by its development bank, a source familiar with the matter said, but the U.S. territory may still be short of the funds needed to pay all of the obligations due on Saturday.

fehro · Post by **fehro** » Fri Jul 31, 2015 3:33 pm

INDEX days.. that RUT looks a tad sketchy .. daily wise..

diodotus · Post by **diodotus** » Fri Jul 31, 2015 3:44 pm

fehro wrote:IWM.. broke up and through trend.. the bear flag was too pretty... .. but nearing 20d, and possible RS .. "if" it stalls and fails...

Last night I read Stan Nabozny's projection that R2K would jump to ~1242 and then reverse. I thought such a gain totally implausible. Here's the link:
http://theartofchart.net/2015/07/30/fri ... ed-trades/

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