07/12/2016 Live Update

[fehro]

SPX new HOD.. VIX nears HOD ..GLD falling hard.. NDX no new HOD ..yet

[BullBear52x]

finally I see some exhaustion on 5 min. chart, let see how deep next pull back so I can re-position my trade properly this time, can not underestimate the buy side. shorting this market will require hedging if no solid stop

[Al_Dente]

And my favorite stochastics-9 on the daily is at 97.6, quite high, quite overbought, but the last few readings at that overbought level produced only a day/couple days mini-pullback (see blue vertical lines) before blasting higher, so I won’t expect much more than that [?]

[johnnywa]

This is just for fun, not to be taken too seriously

For anybody expecting a correction: In 1998 financial scares in Russia and Asia (which had a limited impact on world economic growth) led to a massive correction in the US and Europe. SPX declined over 20 percent.

What's interesting is that the reversal started the day after July opex, this year the analog would be July 18th - that's next Monday. Unlikely such a massive move is due, but let's bear in mind ...

July 19th is major Bradley Turn Date.
July 20th at the open is July VIX contract expiration.

I see no turndate in second half of July,you have crrect year

[johnnywa]

There is a turndate Oct 19

[BullBear52x]

another intraday sell triggered, since I already sold I will just kick back with my popcorn, closing out on /YM hedge. lets go bears.

[BullBear52x]

if we close weak today or tomorrow, Daily chart on /ES will have RSI negative divergence, hourly RSI is strong over 90, a little overdue IMHO.

[BullBear52x]

no new HOD from this clockworks then I will say bears might have a chance today.

[BullBear52x]

a trade< 46.25 from here will also put bears in a better position than 5 min ago.

[superxy]

spy up huge and vix green，what is the stat？

[Trades with cats]

Kaufman Efficiency dropped like a rock for the second time today, supposed to mean end of the trend, just like a dropping ADX which of course, we also have. But neither signals a reversal. Kaufman is in teal overlaying the DI +- with ADX in grey. As usual I apologize for using Mountain Time.

[Al_Dente]

DEFENSIVES:
Sizeable pullback on TLT treasurys, “flight to safety” or in today’s case a “flight away from safety.”
Other defensives not as bad
Except gold

TLTs move today created another ISLAND REVERSAL GAP which now becomes a drop-dead stop level

[Al_Dente]

IWM
another HOD

[fehro]

SPX and VIX still green, still near HOD

[fehro]

SPX and VIX still green, still near HOD

watching the race between VIX and SPX .. was 0.82% each.. now VIX higher.. 1.11% vs 0.83%

[Al_Dente]

IWM
another HOD

That HOD could be a double top ?

[Out of Bounds]

Oddly, Now VIX at HOD.
Bulls must be buying puts for protection.

[Al_Dente]

“The only problem is, only 15% of S&P 500 members are at 52-week highs - less than half the 40% of names at a peak when the S&P 500 first breached 2007's record high in 2013.”
http://www.zerohedge.com/news/2016-07-1 ... -new-highs

[fehro]

Oddly, Now VIX at HOD.
Bulls must be buying puts for protection.

at a high premium.. . VIX HOD SPX HOD market makers want their cash..

[fehro]

SPX nears double support, cracks.. as VIX nears open gap.. .could see more deeper downside SPX