|
Post by walnut on Dec 9, 2015 10:11:50 GMT -5
Ichan would say fire the CEO, but double the dividend haha
|
|
|
Post by huh on Dec 9, 2015 10:17:44 GMT -5
If market were going to squeeze, it would have to begin right about here (VIX futures would need to break over 18.12, then come back down to lose 17.99) So far this is exactly what's happened. VIX futures HOD 18.125, then straight down. Dollar's not budging though - holding support - but not rising.
|
|
|
Post by huh on Dec 9, 2015 10:35:41 GMT -5
Dollar starting to move a little. Naz, IWM and Dollar lagging this party. They'd have some serious drinking to do to catch up. Energy, materials and utilities already blowing .20's.
|
|
|
Post by huh on Dec 9, 2015 10:43:57 GMT -5
I'd rather see the squeeze, only because everyone would get their "Santa Rally" (yeah right, only because we'd get the blow-off top and finally out of all this chop)
But my finger's hovering over the "short-the-snot-out-of-it" button in case the squeeze fails
|
|
|
Post by novie08 on Dec 9, 2015 10:46:09 GMT -5
Thanks for the heads up-it would never occur to me that the squeeze would fail after this sharp reversal. AND, look what they did to gold.
|
|
|
Post by huh on Dec 9, 2015 11:01:46 GMT -5
...I'd also like to see IWM >116.10 to confirm higher IWM resistance sits ~116.20 now - HOD so far 116.17. Need to see it break that resistance to confirm a squeeze - another H&S-RS-Squeeze within a larger one, within a larger one, within... I'm actually so sick of seeing this pattern. Another reason to hope for a squeeze - to finally complete the dozens and dozens of them out there.
|
|
|
Post by huh on Dec 9, 2015 11:05:16 GMT -5
Thanks for the heads up-it would never occur to me that the squeeze would fail after this sharp reversal. AND, look what they did to gold. If the squeeze fails, gold should rally. Although ES and DJI futures are squeezing H&S patterns, dollar, EURUSD, IWM, VIX and many other things have yet to confirm the squeeze.
|
|
|
Post by huh on Dec 9, 2015 11:07:40 GMT -5
AAPL still showing no strength
I don't think there's anyway this market could go to higher highs without AAPL participating - in fact, I think both AAPL and banks would need to participate and them two rallying at the same time isn't very common.
|
|
|
Post by huh on Dec 9, 2015 11:10:07 GMT -5
CMG filling its upside gap. It's a short again w/tight stop. 1st downside target ~490 (currently @ 559.32). Stop now if >559.25 if shorted CMG
|
|
|
Post by huh on Dec 9, 2015 11:13:14 GMT -5
FCX looks to be putting in an intraday topping pattern, currently 7.35, mid-term downside target 4.60's, stop against 7.45
|
|
|
Post by novie08 on Dec 9, 2015 11:13:35 GMT -5
Thanks for the heads up-it would never occur to me that the squeeze would fail after this sharp reversal. AND, look what they did to gold. If the squeeze fails, gold should rally. Although ES and DJI futures are squeezing H&S patterns, dollar, EURUSD, IWM, VIX and many other things have yet to confirm the squeeze. Even NASDAQ not rallying. Usually the leader, yesterday up with DJI and S&P down. Befuddling.
|
|
|
Post by huh on Dec 9, 2015 11:14:31 GMT -5
She said "Befuddling"
|
|
|
Post by huh on Dec 9, 2015 11:26:19 GMT -5
Thanks for the heads up-it would never occur to me that the squeeze would fail after this sharp reversal. AND, look what they did to gold. Here's the support in gold that needs to hold now (lowest FIB):
|
|
|
Post by huh on Dec 9, 2015 11:33:34 GMT -5
CAT maintains its 4.4% dividend, and it goes red.
Go figure. What a backwards market.
|
|
|
Post by huh on Dec 9, 2015 11:40:02 GMT -5
Naz futures about to test that final FIB support ~4655'n'change
|
|
|
Post by huh on Dec 9, 2015 11:43:56 GMT -5
SPX final FIB for today's high is ~2059
|
|
|
Post by huh on Dec 9, 2015 11:49:31 GMT -5
...and now VIX futures breaking out. Goodbye chance of a squeeze.
SPX downside target ~1930 - stop against VIX futures under 18
|
|
|
Post by novie08 on Dec 9, 2015 11:53:46 GMT -5
NAZ collapsing. I'll be damned if I understand this market.
|
|
|
Post by huh on Dec 9, 2015 11:54:26 GMT -5
...and now VIX futures breaking out. Goodbye chance of a squeeze. SPX downside target ~1930 - stop against VIX futures under 18 Careful of a false breakdown/breakout though - VIX futures haven't backtested yet. Oh please, please, please market squeeze instead!
|
|
|
Post by huh on Dec 9, 2015 12:05:42 GMT -5
Dec. 9 at 12:02 PM jessefelder "10-day put/call ratio on $GLD is the highest in its history." -@sentimentrader
|
|