11/19/2012 Live Update

[Al_Dente]

PAGING RUSROD

Here, boss. Looking for first of break of short red trends (since in counter trend position) or MA break to down side.

THANKS boss
Here is the issue with VXX, UVXY while still in contango
SDS (bear ETF 2x) in the last bear run went from ~52 to ~61 (purple behind price), while VXX and UVXY were disappointing....

Thanks AD, I'm trying to figure out how to back test VIX front month and back month futures then I can try to figure contango/backwardation. I believe that with this information I can select the appropriate vehicle for a swing trade. I believe that XIV would have been preferable to SSO in the current long. If what I've said previously is invalid how do you (or anyone else) suggest I select the correct ETF ...

Harapa is the king of the backtest, not me, I consider it a success if I can just find my F5 key

Keep it simple boss
Everything is keyed off SPY… why not start there MAYBE
Long = SPY 1x (boring) or long SSO (2x) or long UPRO (wacky 3x)
Short = SH 1x (boring) or short SDS (2x) or short SPXU (wacky 3x)
Then just grow from there
IMHO only my 2 cents GL2u

This is the best auto-updated (Harapa) page for showing VIX contango (upward sloping curve = contango)
http://www.cboe.com/data/volatilityinde ... dexes.aspx

[KeiZai]

SPX

[Heck]

Jesse Livermore in 1924 was accused of promoting the President and banned from WSJ because he was bullish when most were bears:

"Men who can both be right and sit tight are uncommon.”

[TraderGirl]

If anyone is looking for a lower low...then hope that if we pullback from here, we don't print a higher high than this wave (c or 3)....it can continue to go slightly higher from here, just can't pullback and get a higher high...we don't want a wave 5...

Monday's turn looks like it was up...my charts are either shifted a day or the pullback could start at anytime... Wednesday's turn looks like down... Friday's aspects are negative...

[Al_Dente]

Greeting from panda to all bears

The attachment happy_panda.jpg is no longer available

hi panda

[uempel]

Update:

[rusrod]

This is indicating caution...

[KeiZai]

Greeting from panda to all bears

happy_panda.jpg

hi panda

kiss the bear.png

Hello bear

[Me XMan]

Shorting SPY $138.60

[Petsamo]

Jesse Livermore in 1924 was accused of promoting the President and banned from WSJ because he was bullish when most were bears:

"Men who can both be right and sit tight are uncommon.”

If you're bullish, there are plenty of beat up stocks you can buy, AMD, MCP, CLF, USO, WLT, X, etc.
The coal sector (KOL), miners (XME), steel (SLX), Russel 2000 (IWM) are beat up, etc.
PHK's dividend yield is currently 13.1%. Double your money in 5 years with PHK.

So what are you going long on ?

[MrMiyagi]

Out TNA from Thursday and you all know what that means right??? MARKETS GO HIGHER AND HIGHER!!!

[Al_Dente]

HARAPA
Re: Wm%R
1. Do u need it to go above 50, or is any lift ok?
2. Did u test Wm%R = 144?

[Cobra]

I'm not happy with this pullback (a failed breakout) but so far the chart is not bad yet. lunch time, will be back.

[fehro]

mid channel?or 1368ish?

[Al_Dente]

mid channel?or 1368ish?

Your H&Ss have been dang good lately
Also your macd cross and sto cross and etc
THANKS boss

[Wallstreetrader]

H&S Topish ?

[MrMiyagi]

[L_T]

Jesse Livermore in 1924 was accused of promoting the President and banned from WSJ because he was bullish when most were bears:

"Men who can both be right and sit tight are uncommon.”

If you're bullish, there are plenty of beat up stocks you can buy, AMD, MCP, CLF, USO, WLT, X, etc.
The coal sector (KOL), miners (XME), steel (SLX), Russel 2000 (IWM) are beat up, etc.
PHK's dividend yield is currently 13.1%. Double your money in 5 years with PHK.

So what are you going long on ?

The chart for X is not good. Look at today's candle. If the market weakens again (likely given the prevailing trend) I want puts in X.

USO is on my radar. The trend is down for now but I want to slip into that one when the trend changes.

[MrMiyagi]

QQQ, DIA and IWM all have downbars.

[Petsamo]

Jesse Livermore in 1924 was accused of promoting the President and banned from WSJ because he was bullish when most were bears:

"Men who can both be right and sit tight are uncommon.”

If you're bullish, there are plenty of beat up stocks you can buy, AMD, MCP, CLF, USO, WLT, X, etc.
The coal sector (KOL), miners (XME), steel (SLX), Russel 2000 (IWM) are beat up, etc.
PHK's dividend yield is currently 13.1%. Double your money in 5 years with PHK.

So what are you going long on ?

The chart for X is not good. Look at today's candle. If the market weakens again (likely given the prevailing trend) I want puts in X.

USO is on my radar. The trend is down for now but I want to slip into that one when the trend changes.

I'm not in X, but I went into VALE Friday. I can sell it on Wednesday.