Dear Readers, the National SOPITALIST Casino is closed for today. We did not officially trade, but gave good limits and were in the mode for baying things ( hit the limit 49.12 on Q's like bulls EYE). I personally bought some Canadian banks ( 2 of which were up more than 4 % today BMO and TD , also bought some American Banks as a contrarian play, also up 2-3%). YEN did what we thought will do ( Dear Curaki must making money). And $US rose as we thought it would. Gold took a little dive in sympathy with currencies. Dear Waldo and John both reported nice gains and All I can say ENJOY( Na Sdarovie )
23:23 ET,Yen update Now 1,1,0,1,1 Wuol love the hourly to be buy also, but is not . Looks Ok for now, but the trailing stops must be in place at around 90% retrace of the last rally.
00:35 ET, Yen update Now 1,1,0,0,1 ( take profits if you are an intraday trader)
By the way $US rally may end today as well, even as we project the it ending in 29-30 period.
01:42 ET, YEN is now 1,1,0,0,0 ( usually not good for short term 4,8 hour outlook, even though the powerful weekly and daily are pushing higher(lower in price)) sorry for typo 1,1,0,1,0 was the state at that time and I copied it incorrectly, which should explain the better performance
So what did they buy, prime to by, yesderday? see the comment number 12
23:23 ET,Yen update Now 1,1,0,1,1 Wuol love the hourly to be buy also, but is not . Looks Ok for now, but the trailing stops must be in place at around 90% retrace of the last rally.
00:35 ET, Yen update Now 1,1,0,0,1 ( take profits if you are an intraday trader)
By the way $US rally may end today as well, even as we project the it ending in 29-30 period.
01:42 ET, YEN is now 1,1,0,0,0 ( usually not good for short term 4,8 hour outlook, even though the powerful weekly and daily are pushing higher(lower in price)) sorry for typo 1,1,0,1,0 was the state at that time and I copied it incorrectly, which should explain the better performance
So what did they buy, prime to by, yesderday? see the comment number 12
Marks Comments
Hi Boris, Back up to the trendline for the $SPX, $NDX isn't near any of it's trendlines. The $SPX chart being at the trendline with $TRIN and Put/Call ratios somewhat low would suggest another down day coming up...Regards,Mark L.
06:42 ET, no change in YEN state, meanwhile hit(almost 62fib retrace!?) 110.
Did we have a HUGE Dollar Retrace Call correct or what, but do not get carried away, we could be approaching the end of that rally
20 comments:
Boris,
We had some big engulfing bullish sticks today on the daily charts for USD/JPY & USD/CHF. It looks like we could have a temporary bottom here on these. Do you have any short/mid term targets on the up side?
Jason
I watch bullish percentage on a daily basis on all indices and today with such a strong finish, the bullish percentage dropped on all except the ndx and that one didn't move from yesterday. The financials was down 21% points, lowest its been in over 8 years. Just thought you would like to know. Waldo.
BULLISH ?????
NYSE------NAZ
New Highs 25 20
New Lows 337 262
Bullish ?????
http://stockcharts.com/h-sc/ui?s=$CPC&p=D&yr=0&mn=6&dy=0&id=p79530133097
Bullish ???
5 days of trin says yes at 6.01
I hope for one more dip to get long a small amount, but will not hold it long.
LAG
I don't think it is looking very bullish for stocks for MANY reasons.
1. With USD looking to be setting up some short/mid term bullish charting signals equals bad for the stock market.
2. Looking at a daily graph of QQQQ it fell to the 200 dma support but didn't bounce much from it and also didn't bounce much on the retest of it. A very experiences trader once told me knock 3 times then it breaks. The Qs are shaping up like a pennant in a down trend and that means more downside. If 48.65 low on 11/12 cracks I am looking for gap fill from 8/16 at 45.45 to get filled, minimum.
3. A 5 year graph of the SPY. It is AMAZING how much the volume has increased over the last 6 months. Exact same for the XLF. An old trader also told me to watch the Banks and Brokers and that is where everyone else will eventually follow. Way may get a small rally here but I am leaning towards a double top building here on the SPY and when/if Aug lows are taken out, watch out below!
Bullish???? on stocks NO WAY....on USD yes, short term.
Dear Jason,
The targets for JPY are 109.50 and 110 ( 50/60% FIBs) Just do the same on the other currencies and count in that by 29-30 this move up in $US is probably over.
Good Trading
Dear Waldo,
I am not watching this one, but how do you interpret/use this indicator.
Thanks and Good Trading
Dear Lag, thanks for updates.
Good Trading
I am not sure what we are BULLISH/BEARISH. We are just going what the postings say...
Good Trading
Boris,
What criteria do you use to say if a time frame of the JPY is on a buy or sell signal?
Jason
Dear Jason,
Criteria are ordinary and proprietry timing cycles. The same kind that help me work out the ROADMAPS.
GOod Trading
pharma 1.000000
eldorados 1.000000
landtelco 1.000000
railroads 1.000000
titaniums 1.000000
currencies 1.000000
mdcalinstr 1.000000
REITS_Hybrid 1.000000
REITS_IndustrialOffice 1.000000
brazil 0.800000
REITS_Apartments 0.800000
REITS_Diversified 0.800000
REITS_ShoppingCenters 0.800000
food 0.750000
brokers 0.750000
REITS_Industrial 0.750000
banks 0.727273
dji 0.684211
reits 0.684211
bondetfs 0.666667
builders 0.666667
bdh 0.636364
etfs 0.625000
REITS_ComercialFinance 0.625000
alletfs 0.602410
xng 0.600000
REITS_RegionalMalls 0.600000
exporters 0.586207
dividendmachine 0.583333
highyield 0.576923
packaging 0.571429
nano 0.555556
yninety-new 0.547703
sratio 0.544444
energy 0.500000
subprime 0.500000
uraniums 0.500000
exchanges 0.500000
pipelines 0.500000
newspapers 0.500000
banksCanada 0.500000
REITS_HealthCare 0.500000
REITS_LodgingResorts 0.500000
REITS_Office 0.454545
REITS_Mortgage 0.444444
water 0.428571
cleanpower 0.400000
altenergy 0.375000
master_lps 0.363636
gold 0.333333
generics 0.333333
mortgage 0.333333
oilsands 0.333333
REITS_Specialty 0.333333
REITS_SelfStorage 0.333333
REITS_FreeStanding 0.333333
china 0.250000
paulgroup 0.222222
shipping 0.200000
shit 0.000000
timber 0.000000
basemetals 0.000000
seniorloans 0.000000
renewablefunds 0.000000
REITS_ManufHomes 0.000000
Boris,
good morning, up early as usual.
old john
Hi Boris,
Charts are there now...got them out a little late...sorry about that..
Mark L.
Good Morning Mark,John,
Got it Mark
Good Trading
All,
We are in the zone now when stocks could start going up rather than down, although there could be one more pop downward this morning. We are reaching a "1.0 node" on the $SPX today, with a .500 node on the $NDX tomarrow. MACD histogram on stocks above their 50 day moving average has turned positive, and ROC on daily $NDX has turned up from oversold. I suspect by the end of the day we will have more positive price action...
Good trading
Mark L.
Mark,
thanx, the book is waiting for me at home when i get back, hopefully it will help
old john
Good morning to all!
Boris, your USD/JPY call was great. I have just sold at 109,40, with 1650 EUR in plus. Thank you, my friend.
SPX today (european trading) doesn't follow YEN. DAX is in good plus in relation to yesterday evening, but SPX not. Is something changed in your outlook for today? Do you agree with Mark L. for today's action in SPX?
People, thank you a lot for your great work. I don't have a time to analize charts, so I am carefully reading your posts.
Good trading
Dear Curaki,
The fact that you sold YEN and pocketed nice money makes my day. As they used to say in GEORGIA "this is one and many to come" AMEN...
Now that YEN came up so fast and good you sold, it seems to me that we will have the retrace down as we just got the 5 minute also in sell. If we could get the 15 minute in sell that would be great.
Then , as I often said this would imply that we could go down in the market if YEN turns up and Mark and I both will be on the same wave. It looks that way even thought the early morning we can have the rally continue.
Good Trading
All,
Futures are strongly up, so the short term move down may not materialize..we have most probably seen the bottom in this market for now..
Mark L.
Post a Comment