01/22/2016 Live Update

[fehro]

/CL non stop.. over 33.12 bullish engulfing on the weekly.. sounds crazy.. weekly candle looking good, 2008 lows 32.70 next resistance 20w sma racing down 32.97.. weekend short squeeze?

USO is in sell the rip zone, one more come2papa before the fat lady sings.

USO W - careful of the hammer might knock out the fat lady !!

[BullBear52x]

/CL non stop.. over 33.12 bullish engulfing on the weekly.. sounds crazy.. weekly candle looking good, 2008 lows 32.70 next resistance 20w sma racing down 32.97.. weekend short squeeze?

USO is in sell the rip zone, one more come2papa before the fat lady sings.

USO W - careful of the hammer might knock out the fat lady !!

in the sell zone but not triggered just yet. for XLE and XLB are triggered today. Buy/sell until it fails.

[Daniel]

There is no Santa Claus, and there is no Fat Lady. Sorry guys, just deal with it.

There are only current technical levels which make no sense, and cross-market correlations which make no sense, and an IMF forecast of "20% chance of global recession in 2016, up from 15%" which to me sounds far from terrifying. But then, much like the admirable Al D. and Mr. Bachnut, I too ponder WDIK.

Good weekend, all.

[DellGriffith]

SPY setting higher highs and higher lows for 2 hours now. Classic Unique bull train choo choo.

[BullBear52x]

This buy volume I want to see for bottom to be possible. now we have both bulls and bears range to gauge, for now it's over bought(GREEN) just like oversold before it (RED) oversold bad enough it crashed and over bought enough market recovered. 61.8% chart I posted earlier is key for bulls success.

[Out of Bounds]

Guys what is the very best way of deciding whether its time to sell the longs bought at the bottom?

That's the question that everyone struggles with, "when to sell?"

I find it is best to have a target when entering a trade and stick to it. I never try to get all of a move. I just want my part of it.
It lets me sleep at night.

[BullBear52x]

Guys what is the very best way of deciding whether its time to sell the longs bought at the bottom?

That's the question that everyone struggles with, "when to sell?"

I find it is best to have a target when entering a trade and stick to it. I never try to get all of a move. I just want my part of it.
It lets me sleep at night.

trend following baby trend following, counter trend is best when it works out, but that is when it works.

[Cobra]

now testing day high, double top or not, wait and see.

[Out of Bounds]

[Out of Bounds]

Sold longs - breadth deteriorating

[Pagat]

uso: another such day or two and then we will squeeze

[Out of Bounds]

Sold longs - breadth deteriorating

I might have gotten head faked there. No worries.

[K447]

Sold longs - breadth deteriorating

I might have gotten head faked there. No worries.

Capture.PNG

$ADUSD reached 5438, a record or near record high today, no?

[Out of Bounds]

Have a great weekend everyone.
For you who are snowed in:

[Pagat]

AXP: Visa is better credit card / or it is industry trouble

[Out of Bounds]

Sold longs - breadth deteriorating

I might have gotten head faked there. No worries.

Capture.PNG

$ADUSD reached record or near record high today, no?

Yes! +5438
I missed it. Thank you.

[brokebybernacke2]

Out longs. Worth swing short this weekend. Fed on deck next week, breadths deterioring, time to force fed hand..could be fugly next week. Easterners enjoy the snowmageddon..Over out.

[icman]

cup & handle?

[jademann]

Thanks for replies guys

[Pagat]

XIV is running faster then SPY ? / or it is just me