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Post by clinton on Oct 29, 2014 13:24:29 GMT -5
spy will close green bullish divergence on 1m obv
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Post by maxi on Oct 29, 2014 13:28:18 GMT -5
just a thought. Seems like banks would get more deposits if rates are stabilizing/ heading up in time... So Short banks seems like bad idea. Thoughts?
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Post by clinton on Oct 29, 2014 13:32:32 GMT -5
just a thought. Seems like banks would get more deposits if rates are stabilizing/ heading up in time... So Short banks seems like bad idea. Thoughts? agreed thats why I bought the fund thats big banks and big oil
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Post by clinton on Oct 29, 2014 13:33:44 GMT -5
BTW SPY 1m OBV just crushed the highs for the day
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Post by huh on Oct 29, 2014 13:33:47 GMT -5
I thought AAPL would at least test 105.00.
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Post by dino on Oct 29, 2014 13:33:59 GMT -5
The spy bounce was off the 50 day sma. Lose that and I think the downside will gain some momentum.
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Post by huh on Oct 29, 2014 13:34:34 GMT -5
just a thought. Seems like banks would get more deposits if rates are stabilizing/ heading up in time... So Short banks seems like bad idea. Thoughts? Definitely. Banks are the safe(er) play for rising rates, with one caveat...the economy needs to be at least flat to improving. It's that caveat that has me worried.
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Post by clinton on Oct 29, 2014 13:36:00 GMT -5
OBV telling me a 3 day rally is being programmed into the bots
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Post by huh on Oct 29, 2014 13:36:34 GMT -5
OBV telling me a 3 day rally is being programmed into the bots Cool, let's party like it's 10/31!
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Post by clinton on Oct 29, 2014 13:38:29 GMT -5
actually looks like they're hold price down while they accumulate quickly
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Post by crumbdon on Oct 29, 2014 13:39:11 GMT -5
just a thought. Seems like banks would get more deposits if rates are stabilizing/ heading up in time... So Short banks seems like bad idea. Thoughts? Confirmed by the fact that XLF just made a huge swing from lagging to leading.
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Post by huh on Oct 29, 2014 13:39:31 GMT -5
Remember the VIX.
If it closes under 15.85, backtest is in for a H&S, downside target perhaps as low as 8.25 (though I'd be surprised if it actually gets lower than ~9.90).
New highs for SPX if it doesn't close over that mark. Real fear if it does.
JMHO
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Post by maxi on Oct 29, 2014 13:43:30 GMT -5
btw don't know where Novi is but her short HUI via JDST is working out rather well!
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Post by clinton on Oct 29, 2014 13:51:40 GMT -5
bears putting up a good fght but the fed bot has bottomless wallet
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Post by clinton on Oct 29, 2014 13:53:59 GMT -5
bTW shanghai has been up big last 2 nights
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Post by huh on Oct 29, 2014 13:54:18 GMT -5
Apparently SNY got some bad news this morning (CEO canned). But it's LOD was 44.50, exactly the same as the 02/07/13. Likely forming a very large topping pattern here, but even the final bounce from here could go as high as 49.50-49.75. Currently trading ~45.50 against a stop of 44.50 (might be able to even pick up at least ~1% lower than here on a FIB retrace from LOD). ~47.15 the next resistance on the way up, and it should at least consolidate there. I would sell it there & wait if only swing trading it. Anything lower than 44.75 in SNY would be too risky now (FIB support is actually 44.79, but using the psych support). 44.79 would be the furthest pullback a bull could/should expect. It could double bottom below that, but would have to wait for confirmation. Over 45.00 might signal an intraday bull flag being formed.
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Post by huh on Oct 29, 2014 13:59:51 GMT -5
I have a friend trying to get some AAPL, but I stupidly had him wait for 92/93 when it was trading at 96.
Looks like it's not going to pullback again from here before heading to 120's.
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Post by clinton on Oct 29, 2014 13:59:58 GMT -5
Ive noticed on stocktwits when someone is pumping a shit stock like CLF or WLT I check their ID info and they are ALWAYS on an account that was created this summer
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Post by huh on Oct 29, 2014 14:02:27 GMT -5
Ive noticed on stocktwits when someone is pumping a shit stock like CLF or WLT I check their ID info and they are ALWAYS on an account that was created this summer Yep, I've noticed that too...sometimes the account created even more recently. And many times they'll have only 8-15 total posts all pumping the same BK stock. ST is a great source for trade ideas or direction confirmation, but not because of how it was intended to be.
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Post by huh on Oct 29, 2014 14:06:44 GMT -5
Lots of strength in the dollar right now. That cant' be good for equities. Would like to see it turn down.
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