10/23/2014 Live Update

[Al_Dente]

SPY made a fresh hi this morn
TICK (lime green) needs to do the same to confirm it
VIX should make a fresh low to confirm it
Neither has done this yet

[MrMiyagi]

However, there is a fresh NYSI buy signal that has been pretty reliable for intermediate term trend identification.

Yes, I agree. NYMO is close to topping, if not already. However, it can also go from overbought to neutral in one session.

[cletus]

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.

Wouldn't surprise me to see all of them hit. The up vs down volume today is 3:1. Same old story. Horrible, but somehow it keeps rising. Seems like there will be a price to pay for it though.

[uempel]

This is for day traders

[Eddie]

fwiw - I am a position trader/investor, looking to catch the trends and minimize drawdowns with as few trades as I can get away with. Filled on QQQ yesterday. Missed XLV by a nickel. I have a regular job that can make it tough to adjust bids and offers. Unfortunately, that was the case yesterday for my XLV bid.

[Cobra]

vol surge, may see pullback here first then we'll see.

[Out of Bounds]

TLT is gaining a bit of strength - low was at 1PM

[Out of Bounds]

TLT is gaining a bit of strength - low was at 1PM

As soon as I wrote that, it fell.

[Cobra]

no pullback it's real C&H breakout then, you know the target.

[BullBear52x]

fwiw - I am a position trader/investor, looking to catch the trends and minimize drawdowns with as few trades as I can get away with. Filled on QQQ yesterday. Missed XLV by a nickel. I have a regular job that can make it tough to adjust bids and offers. Unfortunately, that was the case yesterday for my XLV bid.

I can see buying above 50dma is never a bad idea for position trade, but the draw down could be huge if mareket were in the side ways in a year or so.

[cletus]

Still tracking this p-bar on DWTI (inverse crude). Basically this is a monster move it's predicting up in oil (at some point). On the radar for a trade eventually. Not sure yet.

[trader2012]

$NYMO heading extreme

[Eddie]

Yes, BullBear52x, so risk must be managed. That is job one.

[MrMiyagi]

Still tracking this p-bar on DWTI (inverse crude). Basically this is a monster move it's predicting up in oil (at some point). On the radar for a trade eventually. Not sure yet.

I think that oils is small range bound until Mid-Term elections are done. This way Obammy can say that he kept inflation in check.

[KENA]

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.

Wouldn't surprise me to see all of them hit. The up vs down volume today is 3:1. Same old story. Horrible, but somehow it keeps rising. Seems like there will be a price to pay for it though.

POMO

[uempel]

Whoops - here is the chart.

Eddie, I don't quite agree. If I check the 2000/2003 period and 2007/2009 there were many Summation dips which were quite short term - buying signals yes, but not for the long run and certainly not "safe".

I dismissed this chart in the early morning - I didn't see an edge as long as the big picture ain't clear: will the end of QE have major implications for financial markets?

[BullBear52x]

only 3 more lines left before we head to the infinity and beyond.

[Cobra]

target reached. this bull shall still have legs.

[Cobra]

acceleration up plus vol surge, so might be a pullback around here first

[uempel]

Update: