Dr. Strangelove....... LOL....... :-) YES... believe it or not a few weeks ago I was long oil... And then long bonds [ by shorting TMV ]for a day or two. I try not to hold anything on the long side for too long. Afraid of the next big drop I guess.
The wild moves are during the time of the announcement. Look at the time afterward and the big black vol bars. Looks like a flight a flight to safety to me.
-Stock Traders Almanac: the week after September triple witching Dow has been down seven out of eight years since 2002
-This chart is by a trader name Springheel_Jack. He expects a drop to the lower trend line this week with strong support in the 1080-85 area, before the next rally.
Bill, short term I am seeing accumulation in the $USD. Do you think there is a chance the Irish default problem [see my above post #69419] may unfold these next few days sending the ERUO downwards sharply again?
Good job jet8400 on the VXX.. I can see why you do not want to hold over the weekend. But I am sure the so called market makers know what Obama is going to say and will use it to either run up or drop the market next week. Interesting how the dollar is up and the ERUO is down today all of a sudden. Oil is getting smashed of course and that is good for my DTO. Today between 3-4 will be the tell-tell sign for next week I guess.
Mark, maybe I didn't do such a great job with that last response. How about this. When I mention negative [distribution] or positive [accumulation] divergences on the charts that I post, it is in regard to the indicator that I follow. The indicator is suppose to be able to track the so called smart money. Like on the the 15 min chart I posted for SPY http://tinyurl.com/284hmnz . You can see a positive divergence on the orange indicator on the chart from 8/25-31 but the price [green] is still falling. This is suppose to be the market markers buying [accumulating]. Then on 9/01-02 the indicator just tracks price up. Then from 9/03-09 you can see a negative divergence on the indicator which is saying they are distributing the shares they bought before into this rally. And again from 9/13-17 same thing.
Earlier this morning the indicator on the UUP chart [on all time frames] is showing a positive divergence which tells me next week they maybe expecting something to happen. Maybe the Ireland [earlier post] problem will hit the fan so to speak and send the EURO downwards.
Sorry... Mark I misunderstood your question. I take it you are asking about the type of indicator the orange line is. It is a creation of my trading partner, he developed it some time ago.
Dr. Strangelove....... LOL....... :-) YES... believe it or not a few weeks ago I was long oil... And then long bonds [ by shorting TMV ]for a day or two. I try not to hold anything on the long side for too long. Afraid of the next big drop I guess.
davefairtex, ok that make sense about front running the Fed.
The wild moves are during the time of the announcement. Look at the time afterward and the big black vol bars. Looks like a flight a flight to safety to me.
http://tinyurl.com/26lj6y7
Edit: 30 yr bond futures 60 min. I would think if the rally was genuine then money would be fleeing the 30 yr bond.
http://finviz.com/futures_charts.ashx?t=ZB&p=h1
Bill why would oil sell off and TLT rise if the market is expecting QE?
It is up 1.20
the GLD Titantic [DZZ class]. Just have some carry on for now [small position].
http://2.bp.blogspot.com/_gGhyx-JKKA8/TJjTI2EsdyI/...
DOW 20,000 here we come!
davefairtex.. so far to me on my end... it appears to be a head fake. Tomorrow will be the deciding factor.
Relative Vol not good: http://finviz.com/
TLT up: +0.65 [1:15PM]
SPX I seeing distribution [neg div]: http://tinyurl.com/25kezs7
Has been up all morning during this rally.
Looks like there is buying in FAZ
http://tinyurl.com/2ejyjof
edit: I should say positive divergence [accumulation] in FAZ.
-Stock Traders Almanac: the week after September triple witching Dow has been down seven out of eight years since 2002
-This chart is by a trader name Springheel_Jack. He expects a drop to the lower trend line this week with strong support in the 1080-85 area, before the next rally.
SPX [click chart to enlarge]: http://tinyurl.com/23peds9
- But this chart gives the impression there are storm clouds brewing:
Top:VIX Btm:SPX
http://www.screencast.com/t/YzBkZDY0NWYt
-SPY as of Friday [still showing negative divergence]:
http://tinyurl.com/23fqdt6
Closed DZZ out for a 1% loss. If Bill think there is another surge coming then I'll just move to the side and wait.
Everyone have a good weekend.
Bill, short term I am seeing accumulation in the $USD. Do you think there is a chance the Irish default problem [see my above post #69419] may unfold these next few days sending the ERUO downwards sharply again?
bad sign for the bulls lot of distribution this last rally up...
FXC 60min: http://tinyurl.com/2ec4my7
Good job jet8400 on the VXX.. I can see why you do not want to hold over the weekend. But I am sure the so called market makers know what Obama is going to say and will use it to either run up or drop the market next week. Interesting how the dollar is up and the ERUO is down today all of a sudden. Oil is getting smashed of course and that is good for my DTO. Today between 3-4 will be the tell-tell sign for next week I guess.
jet8400 you still holding your VXX from yesterday? If you are do plan on holding over the weekend?
Mark, maybe I didn't do such a great job with that last response. How about this. When I mention negative [distribution] or positive [accumulation] divergences on the charts that I post, it is in regard to the indicator that I follow. The indicator is suppose to be able to track the so called smart money. Like on the the 15 min chart I posted for SPY http://tinyurl.com/284hmnz . You can see a positive divergence on the orange indicator on the chart from 8/25-31 but the price [green] is still falling. This is suppose to be the market markers buying [accumulating]. Then on 9/01-02 the indicator just tracks price up. Then from 9/03-09 you can see a negative divergence on the indicator which is saying they are distributing the shares they bought before into this rally. And again from 9/13-17 same thing.
Earlier this morning the indicator on the UUP chart [on all time frames] is showing a positive divergence which tells me next week they maybe expecting something to happen. Maybe the Ireland [earlier post] problem will hit the fan so to speak and send the EURO downwards.
Sorry... Mark I misunderstood your question. I take it you are asking about the type of indicator the orange line is. It is a creation of my trading partner, he developed it some time ago.
Seeing accumulation [positive divergence] on all time frames [1,10,15,30,60] for the USD. Seeing moves in my short holdings especially in my DTO /EDZ
Even DZZ is clawing its way back.
There is a gap below on the SPY that needs to be fill. Looks like another false breakout this morning that may of trapped some longs.
http://tinyurl.com/293ol3w [1 min real time]
Question: those who do not have a Stockchart account can you see the updates to my chart without a delay?