The middle chart is GLD/SLV. You can see this is an excellent indicator, when this ratio is at a bottom, the market usually tanks, within 3 to 5 days, but sometimes immediately. The trick is figuring out when the bottom is.
This top chart is SPY/VIX I plotted it just to see if any interesting effects came up….none really
The Bottom chart is SPX, the S&P 500, follow each purple line from the GLD/SLV bottoms. Amazing methinks. The two highlighted candle patterns are similar, the first one started the Head of the infamous 2009 Head and Shoulders Bear trap. The second one is NOW.
And finally, a boatload of other charts for your free consumption.
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MAR, ran into some earnings guidance problems..They still went up today. I’m shorting at 37…I guess MAR could be considered retail…they rent rooms to the consumers.
Again added more shorts with no confidence but what the hell, this market is insane and I guess have to be insane too if I want to deal with this market,humm, house of cards well glued.
By the way, it seems there was no media coverage for this Ben’s speech, the propaganda continues…
Today set up even better divergences. 15 min rsi was really overextended earlier in the week. Apple might have made a slightly higher high but it did make a closing high. Crude oil and euro did not reverse their reversals from yesterday and I think it will be difficult for crude to reverse its key reversal from yesterday. Euro could use some divergences. $vix tagged its lower BB. Today looks like a mini 5 wave off of last weeks lows.
There are 12 Heavy hitters reporting this week—They can either move the DIA or the sector they are in, OR both.
http://zstock7.com/?p=3469
The middle chart is GLD/SLV. You can see this is an excellent indicator, when this ratio is at a bottom, the market usually tanks, within 3 to 5 days, but sometimes immediately. The trick is figuring out when the bottom is.
This top chart is SPY/VIX I plotted it just to see if any interesting effects came up….none really
The Bottom chart is SPX, the S&P 500, follow each purple line from the GLD/SLV bottoms. Amazing methinks. The two highlighted candle patterns are similar, the first one started the Head of the infamous 2009 Head and Shoulders Bear trap. The second one is NOW.
And finally, a boatload of other charts for your free consumption.
Like this stuff? Sign up as a follower and then follow on your Google reader.
http://oahutrading.blogspot.com/
Actually a large put spread (equal selling at the lower 36 strike).
Could be a bearish bet, could be an IT hedge on long retail stock.
http://seekingalpha.com/article/229153-friday-options-update-gci-xrt-ntgr-jcp-tsn-gg-cvs
XRT (retail ETF) – large put option volume (22,000) purchased for January
http://finance.yahoo.com/q/op?s=XRT&m=2011-01
SPY Weekend Update
MAR, ran into some earnings guidance problems..They still went up today. I’m shorting at 37…I guess MAR could be considered retail…they rent rooms to the consumers.
I missed it—It skyrocketed today…
Dow Jones Analysis after closing
Again added more shorts with no confidence but what the hell, this market is insane and I guess have to be insane too if I want to deal with this market,humm, house of cards well glued.
By the way, it seems there was no media coverage for this Ben’s speech, the propaganda continues…
http://www.economicpolicyjournal.com/2010/10/bernanke-tells-truth-united-states-is.html
Today set up even better divergences. 15 min rsi was really overextended earlier in the week. Apple might have made a slightly higher high but it did make a closing high. Crude oil and euro did not reverse their reversals from yesterday and I think it will be difficult for crude to reverse its key reversal from yesterday. Euro could use some divergences. $vix tagged its lower BB. Today looks like a mini 5 wave off of last weeks lows.