10/23/2014 Live Update

[quientuves]

.

With the market up this much, I would expect it to be due solely to POMO ($1.65 Billion).
However, I'm not sure all of it is really been deployed today, and might be saving some for tomorrow.

The day is long... wait...

[BullBear52x]

The P-bar is coincident with 61.8% mark it will be interest to see the fight there.

[uempel]

Does anybody else have problems with stockcharts today? I cannot draw charts every now and then ...

[Cobra]

not sure if it's double top breakdown. wait.

[Out of Bounds]

Not enough pink, Cobra. I need more.

[FlowerGirl]

Long UVXY @ 30.00
Lunch Money...

Out with a 2% gain.
Super size sandwich with Latte...yummy

[uempel]

Long UVXY @ 30.00
Lunch Money...

Out with a 2% gain.
Super size sandwich with Latte...yummy

Pls check the calories

[Xian]

Does anybody else have problems with stockcharts today? I cannot draw charts every now and then ...

No prob here

[uempel]

Does anybody else have problems with stockcharts today? I cannot draw charts every now and then ...

No prob here

Hmmm, so it might be my new Yosemite

[BullBear52x]

back in the old school day of charting, Lower Lows tells the early sign of trend change, these days, buy the dip opportunity in all level.

[uempel]

.

With the market up this much, I would expect it to be due solely to POMO ($1.65 Billion).
However, I'm not sure all of it is really been deployed today, and might be saving some for tomorrow.
There's an indicator I look at that seems to correlate when POMO is deployed, and while some has been used today, it's not measuring up to such a large amount ($1.65).
They might be using just enough today to cause short covering and are saving some powder for tomorrow.
Also, keep in mind there's another deployment scheduled for Monday / Tuesday.

Thu, Oct 23, 2014 Fri, Oct 24, 2014 Outright Treasury Coupon Purchases 07/31/2020 - 09/30/2021 $1.35 - $1.65 billion
Mon, Oct 27, 2014 Tue, Oct 28, 2014 Outright Treasury Coupon Purchases 02/15/2036 - 08/15/2044 $0.85 - $1.05 billion

Also, breadth indicators are still confirming this rise...

.

Yeah, Bullish Percentages are pushing higher like crazy. I was thinking of shorting SPX 1955 but the market wants to go higher.


http://stockcharts.com/freecharts/candl ... BPFINA|B|0

[MrMiyagi]

spyX

[Al_Dente]

Freestockcharts printed a SPY p-bar down to $194.57 at 12:25 ET
We don’t usually see p-bars on free

That shows on TOS also.

dang now it's on stockcharts w 1million shares volume; maybe not a p-bar

[Al_Dente]

Does anybody else have problems with stockcharts today? I cannot draw charts every now and then ...

no problem here

[Cobra]

C&H, I hope.

[cletus]

3873.png

Looks like we have some downside to cover LOL

[MrMiyagi]

Looks like we have some downside to cover LOL

At least a few targets, I have a hard time believing that all of them would go unfilled.

[BullBear52x]

Money flow is still in the negative. Daily.

[Eddie]

Many of you, I expect, are short term or even day traders. However, there is a fresh NYSI buy signal that has been pretty reliable for intermediate term trend identification. The sell signals aren't as helpful. Mostly just alert you to stay frosty. When NYSE summation index is on a buy, it tells me it is safe to buy the dips. (Nasdaq summation index looks similar) Doesn't mean we won't get pullbacks, but they should be viewed as opportunities. I think those waiting for a retest of the lows could likely be disappointed.

[Eddie]

Whoops - here is the chart.