09/01/2012 Weekend Update

[Harapa]

Nice chart Harapa, do u have an updated chart to show current comparisons? Looks like at that time when XLY/XLP printed a lower high the market experienced a pullback shortly thereafter.
Maybe Dr. Al could recreate this chart to see if there are any similarities?

Chart #2 in the link provided in the original message is current as of last week.

[TraderGirl]

Nice chart Harapa, do u have an updated chart to show current comparisons? Looks like at that time when XLY/XLP printed a lower high the market experienced a pullback shortly thereafter.
Maybe Dr. Al could recreate this chart to see if there are any similarities?

Chart #2 in the link provided in the original message is current as of last week.

Thanks Harapa, obviously I did not look at your attachment.

The full moon of sept 29 could be very negative. So we may chop around until sept 19/20th (which is also a critical ECB meeting) then get a good pullback into that full moon.

[dr659]

Futures trading as usual on this Sunday night even thou Markets closed tomorrow? If so down about .5%

[Cobra]

Sunday night Futures. Doesn't feel good to me but as long as the thick blue line is not taken, then bulls are OK. So you know where is the key to watch.

[Out of Bounds]

Sunday night Futures. Doesn't feel good to me but as long as the thick blue line is not taken, then bulls are OK. So you know where is the key to watch.

PMI reporting isn't going so well. http://www.businessinsider.com/august-global-pmi-2012-9

[Mr. T]

It doesn't matter = "We're never going down again!!!!!"

:p

[noob]

Sunday night Futures. Doesn't feel good to me but as long as the thick blue line is not taken, then bulls are OK. So you know where is the key to watch.

Clear some stops below 1400 before going higher? I bet we'd actually gap up on Tuesday.

[TradingJackal]

Few things to keep in mind going into Tuesday.

1. NYSE McClellan Oscillator bullish divergence
2. VIX equity buy signal.
3. Momentum indicators are bullish on ES now. Especially, the daily Stoch has crossed and is now moving up. Trades to the upside are favored again.
4. All indexes seem to be bearing an ABC correction (finished for intents and purposes). Clearest on DAX. Looks like it did peak above 7000 and is loitering just below it. Don't know what they are waiting on. US markets? ECB?
5. Look at Gold. It doesn't want to give back any gains made on Friday and looks ready for more upside as soon as the Stoch resets. There is a bearish divergence on the daily futures but a tell of a bullish tape is that this should only serve as a breather.

The first two seem to have worked well in the last few years I have tracked them.

EDIT: Having said all this, longer term, the same momentum indicators on the weekly chart are flashing overbought. So, I am thinking this is most likely the last leg up before the weekly momentum signal catches up with the tape.

[Cobra]

Futures now.

[joe-gamma]

Going long CORN on monday, target is around 1000, till spring IMHO

The attachment Corn.png is no longer available

How is the Point Figure training coming along?

here is a thoughthttp://www.youtube.com/watch?v=EdtONUxp9b0

Isaac just made it to midwest and we only got about a 0.1 inch....farmers here are saying without normal+ rain in next month, soil moisture will be too dry to germinate wheat and others....grain inflation could be worse next year, glad I do not own cattle or raise horses because hap and oat price has more than doubled ,

something worth watching very L/T
GL, Joe

I bought the book recommended by Kena (thanks Kena ) but I am still in the learning process Thanks and GL Joe!

EDIT: Hey Joe one more thing, can you please look at P&F charts FDX and UNP? they are most weighted stocks in TRAN...thanks much appreciated!

The attachment FEDEX01.png is no longer available

The attachment FEDEX02.png is no longer available

"

sorry for delay, here are the standard headline PF, railroads look just like bonds and utilities,,,fedx neutral slightly bearish....will have some shorter term stuff later tonight,
GL

[TradingJackal]

Folks,

I present -

THE MOTHER OF ALL WOLFES

This is the weekly SPX chart. Ratios are perfect so far. Just a bit more to go (1468.41). Never back tested the Wolfe wave on such a long term chart but we are close. Very close. Tick, Tock, Tick, Tock.

[Seawaves]

Bull needs to be cautious, as there are too many bulls out in the internet.

Pay attention to similar larger triangles occurred at elevated levels in near past. 4 out 5 broke down.

[Cobra]

Future closed. again, as long as the thick blue line hold, bulls are ok.

[Al_Dente]

HAPPY LABOR DAY TO ALL

[Al_Dente]

PAGING UVXY
Reverse split 1:10
UVXY will trade split-adjusted on September 7, 2012

http://seekingalpha.com/article/835411- ... ated&ifp=0

http://www.proshares.com/resources/news ... 82012.html

[knock]

solute to master Jackal!!! this is fantastic.

Folks,

I present -

THE MOTHER OF ALL WOLFES

This is the weekly SPX chart. Ratios are perfect so far. Just a bit more to go (1468.41). Never back tested the Wolfe wave on such a long term chart but we are close. Very close. Tick, Tock, Tick, Tock.

[wayne0708]

Folks,

I present -

THE MOTHER OF ALL WOLFES

This is the weekly SPX chart. Ratios are perfect so far. Just a bit more to go (1468.41). Never back tested the Wolfe wave on such a long term chart but we are close. Very close. Tick, Tock, Tick, Tock.

According to your chart, W3 is shortest of 3 waves up? is that possible?

[Al_Dente]

PAGING KEZAI
Are you independent or are u on an FX desk?
In London or Frankfurt?
Just curious that’s all; no need 2 answer if u think it’s tooooo personal
GL2u

[Out of Bounds]

The only good news i see anymore is that the market is going up! ...and that ain't good for me

[Al_Dente]

ICI Mutual Fund Flows (lag) continue to show equity selling and bond buying
http://www.ici.org/research/stats/flows/flows_08_29_12