11/02/2015 Live Update

[Unique]

ES: Bears? What bears?

78.6% fib retracement right now. Key time, do or die. Bull train choo choo!

[josephli]

The interesting thing here is how market reacts to the news from eurozone. When Draghi hinted more QE (i.e. economy is bad), market went up; now eurozone/germany PMI beats market go up again. so both bad news and good news are good?

[DellGriffith]

spy rising a little bit. need more bars as cobra used to say before he vanished an hour ago!

[Unique]

ES: First immediate target fulfilled 2089.50

[DellGriffith]

SPY bbs now widening and price going higher as well. might be rally. we'll see.

[QED]

From Springheel Jack’s site comment section:

“I have been watching the MACD daily and waiting for it to turn.
I thought I would take a look at the last time it was this high.”

http://a.disquscdn.com/uploads/mediaemb ... iginal.jpg

[fehro]

3 points away… NDX new HOY

[DellGriffith]

From Springheel Jack’s site comment section:

“I have been watching the MACD daily and waiting for it to turn.
I thought I would take a look at the last time it was this high.”

http://a.disquscdn.com/uploads/mediaemb ... iginal.jpg

You can see clearly that every time MACD got to extremes either high or low, it led to a major reversal. Of course it doesn't mean it has to happen today. Could be next week or two weeks from now. Even a month from now.

[DellGriffith]

Volume still low. Waiting for big white candle and Cobra to step in with his "volume surge, biggest bar."

[QED]

From Stefanie Kammerman:

“Over 5 million just printed on $BIL [T-bills] $45.67 Hmmmmm”

[fehro]

yup.. some one is parking cash.. 1-3month T-Bil

[Unique]

ES: Currently, I have hourly extreme overbought signal flashing aggressive short.
Remember, last night's extreme oversold signal 2066 buy that gifted us a 2076 target trade that was fulfilled this morning. I'm not taking it yet, executed winrate 80%

[Tutti]

the spread between the 5 day ema and the 20day ema on the nasdaq most extreme its been or its going to get (on the long side) in 3 years. Interestingly enough this is right after its the most extreme its been to the sell side in many years.

COMP_5-10-20_Xover_02NOV15.tiff (112.15 KiB) Viewed 6909 times

[kongen]

From Springheel Jack’s site comment section:

“I have been watching the MACD daily and waiting for it to turn.
I thought I would take a look at the last time it was this high.”

http://a.disquscdn.com/uploads/mediaemb ... iginal.jpg

Yes, MACD is high, and high MACD is eventually followed by lower MACD. But I believe the focus on its magnitude is misplaced. All MA are higher now because SPY is higher. A clearer picture emerges if one uses MACD %.

[Unique]

ES: Currently, I have hourly extreme overbought signal flashing aggressive short.
Remember, last night's extreme oversold signal 2066 buy that gifted us a 2076 target trade that was fulfilled this morning. I'm not taking it yet, executed winrate 80%

It targets back to ES 2078-2080

[fehro]

SPX… resistance again… NDX.. still so close.. but no new HOY.. yet… VIX trying to bounce off the lows..

[BullBear52x]

I see no weakness intraday to call for counter trend, now I am looking at 2092.5, since we got HH intraday bulls got one buy dip coupon still, Megaphone is not easy to day trade.

[DellGriffith]

XIV is pretty high, however there's also no volume. Usually turns on volume. So I guess that would warn us it is going higher?

[Tutti]

NON DAY TRADE...
Super slow Coppack Curve & 10 week SMA & 40 Week SMA on sell (although 10/40 might get green by EOW):

CoppackCurve_02NOV15.tiff (97.54 KiB) Viewed 6899 times

[Unique]

Swing account: Added another 10% IWM Dec ITM Calls.

Still same target 120-121