05/28/2016 Weekend Update

[Cobra]

Institutional buying and selling chart from stocktiming shows more accumulation than distribution now. The accumulation is up while distribution is down so it's a bottoming phase. Well, actually, I think this chart is pretty much useless, it only tells what is happening now. Let me know if you still want to see it every week, otherwise I'll no longer post it.

• When accumulation and distribution are down means we're in trending phase.

• When accumulation is up, distribution is down, it's a bottoming phase.

• When accumulation is down, distribution is up, it's the topping phase.

[Cobra]

Smart money starts to sell, not extreme yet, so no top in sight yet.


How I use the chart:

I don't care what's the logic behind the chart. I found it works in the following two cases:

1.) When market up huge, if I see smart money huge short, best if new record short, then I know a short-term pullback is due soon.
2.) When market down, if I see smart money suddenly rises sharply from very negative value, then I know the pullback was over.

So I only use this chart for the above 2 cases. Besides those 2 cases, it means nothing to me. i.e. the absolute value of this chart means nothing to me, I only care if it rises sharply or drops sharply.

[Cobra]

The weekly sentiment poll is here: viewtopic.php?f=9&t=2055

Register to vote, it's free. Thanks.


The sentiment poll last week was very accurate, keep up good work folks! viewtopic.php?f=9&t=2047

[Cobra]

Summary of the week's stock picks: Undecided week.
viewtopic.php?f=10&t=2048&p=223346#p223346

[Cobra]

The stock picks for the next week are here: viewtopic.php?f=10&t=2057&p=223348#p223348

[fehro]

Weeklies Dailies Candles + Monthly (one more day prior to the close ) Weeklies look bullish into resistance tho.

[fehro]

P&F long term charts.

[fehro]

Industry % Weeklies Top gainer - Gambling .. it'll be all fine Semis showing strength again.

[fehro]

T2 http://www.worden.com/TeleChartHelp/Con ... rs_T2s.htm
More swings push to the buy side, only issue CPC nears key levels, as SKEW is on the move up.

[fehro]

T2 Channels % Stocks 1+2 Channels ><200d Weekly ><40d Daily

Divergence still, until its not.

[fehro]

Yields

[sleeman]

Could we really blow through a number like 2100 without a pullback ? at least a few handles....

[uempel]

Could we really blow through a number like 2100 without a pullback ? at least a few handles....

Ellipses on weekly SPX show that main resistance was a bit lower ...

SPX weekly linear

[sleeman]

Could we really blow through a number like 2100 without a pullback ? at least a few handles....

Ellipses on weekly SPX show that main resistance was a bit lower ...

lkiu.png

Recent history on 2100
http://www.zerohedge.com/news/2016-05-2 ... 2100-sp500

[fehro]

SPX upper targets should we take out ATH. 2170-2200, 2280ish

[fehro]

SPX D/60m/30m… possible resistance near here. Larger Yellow *TRIANGLE of sorts Daily 2100-2108. ( 2120 larger weekly Orange bull flag - see earlier Monthly chart above ) Orange "bull flag" 60m.
Should we make a slightly higher high and stall and pullback into early June. 2084.25 first level of lower support, then 50d/20d 2066-63 ish.

2134.78 ATH

[sleeman]

With the current mania, the rise is self re-enforcing, thus as a bear, I would put the majourity of my shorts on , at or right before the June 15th meeting.(starting June 6th Monday after Yellen)

Tuesday morn we'll see if there's even a bear insight

assumption:
-increase in rates , bias down
- no change in rates, also bias down
* both with a brief temp bull trap headfake

[BullBear52x]

Happy Memorial Day from "It is what it is department"

Relief rally pullback is due.mid term sell coupon is officially expired.

one of a reason I think the relief rally pull back could start as early as tomorrow, see complacent level on @CPCE.

[daytradingES]

this market is a little unbelievable (to me)

My feeling is that we are at a time for "grey swan"

naturally everyone has forgotten

Here are some recent tops

[daytradingES]

Since 1 april here are the daily ranges FE (first end to SE (second end)

- so not yest close to today's cllose

(I just visually counted so you can double -check)