05/12/2016 Live Update

[Al_Dente]

@PRyan: Everything’s fine, we will work together bla bla bla
Elsewhere two more oils declare bankruptcy: Linn Energy, Penn Virgina File Chapter 11 today
http://www.zerohedge.com/news/2016-05-1 ... chapter-11

[BullBear52x]

normally bulls should push up to kiss 5 dma good bye from here or fight to regain 5 dma all together, but......it's May.

[BullBear52x]

until this sell failed will bulls got a say today. so far I see the profit taking signal is getting smaller on the bearish trade. 30 min. from here will tell if a close will be strong or weaker.

[BullBear52x]

/es > 52.25 bulls will see the light again.

[BullBear52x]

buy 52.75

[fehro]

SPX 50d holding so far. Weekly candle.. higher highs this week, higher lows.. a close at around 20d 2075 on the the weekly will be kinda bullish.

[Cobra]

1st test of ema20 in 2 hours, should be some sellers here.

[fehro]

INDEXes dailies look ugly.. but TLT still red weakish .. didn't break out .. fwiw.. VIX possible *restesting.. 15.25 range key

[BullBear52x]

bulls will push for flat closed, doji or the like. (guessing)

[fehro]

bulls will push for flat closed, doji or like. (guessing)

20d SMA 2077 then gap up and go tomorrow.. for the uber bulls

[BullBear52x]

bulls will push for flat closed, doji or like. (guessing)

20d SMA 2077 then gap up and go tomorrow.. for the uber bulls

Mid term bears were weaker than I want to see, will see bulls need to show strength on the close for me to be able tell.

[Al_Dente]

SPY yesterday was a bearish “outside day” suggesting more down.
Hourly % 10 days
Sectors trying to lift a bit …….. smalls IWM (cyan) the weak link, is testing double bottom…

[BullBear52x]

intraday bear trap setup.

[fehro]

yeah.. not sure.. SPY 5m.. sloppy stealthy invs H&S … VIX/VXX weaken… but could be just a lunch time bounce.. over 206.25 could see 207ish

[KENA]

Just FYI There was a PB up to 208.54 this morning and Tuesday dn PB to 205.89 was filled. So lets see.

[Trades with cats]

Linn Energy started by an ex Goldman guy. Would borrow long term to buy old oil wells, sell forward production to cover interest payments for 5 years then pay out big dividends. Got retirees looking for income. More risk factors than you could share a stick at, but with a big payout nobody asked any questions. Kind of like Charles Ponzi.

[Al_Dente]

IWM LOD

[BullBear52x]

get ready .......go bulls!

[Trades with cats]

They tried to use oil. Iraq oil minister flooding media with predictions of higher prices and OPEC action. Say, would you like to buy a bridge?

[BullBear52x]

My measure from new HH intraday is 5 handles more, that is we will close flat or green , but bulls need this new HH.