02/16/2016 Live Update

[Trades with cats]

My system gave a buy but with upper wicks the size of the bar bodies I am sitting on the sidelines for now.

[daytradingES]

8:56 AM 2/16/2016
heading to LE prob 1871.25
it needs to hold 1869 area or
it is in danger of falling to the gap Cobra mentioned 1860.75

9:52 AM 2/16/2016
It has gone down to 1872.50 vs 1871.25 mentioned in 8:56am
so only 1 pt difference!

It has now moved back into no-man's land and its starting back down
perhaps 1869??
a higher low (higher than 1872.50) could pave the way for a slow zig-zag upwards

[daytradingES]

My system gave a buy but with upper wicks the size of the bar bodies I am sitting on the sidelines for now.

What time-frame is your system for TwC?
Is it intra-day?
are you looking at 5 min candles re wicks?

my indicator for the day FE:SE direction is down (dir -1)

[daytradingES]

Cl chart

[brokebybernacke2]

3 fed speakers today and minutes tomorrow....

[Al_Dente]

Oil failed intraday
Intermediate term: Is SPY still correlating with oil?
Yes
Correlations above 0.50 are considered positive correlation

[Trades with cats]

My attempt at a five minute ES chart is using 8,200 tick. It is running at about 5 minutes a bar now. I also run an identical chart at 1,600 ticks to help with entries and exits. One of those days as I have had a short, a long and now another short signal so far. But we have come to expect these morning whipsaws.

[fehro]

SPX mind the LOD, open gap uptrend.. it cracks.. could see a sharp drop.

[Royal Flush]

8:56 AM 2/16/2016
heading to LE prob 1871.25
it needs to hold 1869 area or
it is in danger of falling to the gap Cobra mentioned 1860.75

Target met: another excellent call DTES

[josephli]

3 fed speakers today and minutes tomorrow....

and a list of data tomorrow.

[Trades with cats]

Fed speakers today are Chorus, not the three lead speakers.

[josephli]

Market so far. steep channel. still have room above.

[Al_Dente]

5min lower highs, lower lows, red ticks
Second push down
Expecting a third push down,
HOWEVER:
NY advancing stocks are 2.3 x declining stocks
NY advancing volume is 2.3 x declining volume
If bulls can hold this bias, they could launch a counter attack

[Trades with cats]

Bull news from ZeroHedge, Apple and IBM going to bond market for billions to pay for more buybacks. Less that perfect news is their credit risk is priced higher so as Goldman said late in 2015 the credit door for buyback cash is closing.

[josephli]

Bull news from ZeroHedge, Apple and IBM going to bond market for billions to pay for more buybacks. Less that perfect news is their credit risk is priced higher so as Goldman said late in 2015 the credit door for buyback cash is closing.

apple got tons of cash. potentially a good long term investment.

[Al_Dente]

Intraday, % change
as of two minutes ago

[fehro]

http://www.investing.com/economic-calendar/

[ALdaytrade]

Market so far. steep channel. still have room above.

Love that you added extra bars (time) at the end of your charts, this size is so much easier to digest!

[K447]

Bull news from ZeroHedge, Apple and IBM going to bond market for billions to pay for more buybacks. Less that perfect news is their credit risk is priced higher so as Goldman said late in 2015 the credit door for buyback cash is closing.

apple got tons of cash...

For Apple the stickler is that the bulk of the 'excess' cash is trapped outside the US. To fund buybacks requires US$ which means they borrow from US$ bond market to do the buybacks. If it were not for the tax penalty for bringing 'foreign' cash into the US, Apple might not be tapping the bond markets nearly as much as they are.

An interesting angle is that Apple is issuing bonds not just in US$ but in several other currencies.

[Royal Flush]

5min lower highs, lower lows, red ticks
Second push down
Expecting a third push down,
HOWEVER:
NY advancing stocks are 2.3 x declining stocks
NY advancing volume is 2.3 x declining volume
If bulls can hold this bias, they could launch a counter attack

Excuse me Ms. Dente but that is 3rd push down as I see it