XLE - intraday flag

Haha! You're killing me!

Short term, Jon N is long calls on the earnings drop.  http://video.cnbc.com/gallery/?video=3000510872

So, it's a 60 min chart, but an EOD trigger?

Might have just made an intraday low on this morning's selloff after breaking out. Or not, we'll see.

I thought I recognized that voice:

https://www.youtube.com/watch?v=aV2DLkDPwM8

This is what happens to Steve's students when they are unable to follow his tutelage - "You have failed me for the last time!"

for the 2nd set of arrows (March 2009), which point up, I'm guessing that the dialogue box should actually say this:

"Go to cash (close the short) when green crosses above blue, go long when green crosses above red."

Research paper on FOMC cycles: the even weeks in the FOMC cycle, including week zero have positive returns, while the odd weeks have slightly negative returns. Anyone want to collaborate on researching various trading strategies? e.g. long/short, long only, sell option spreads, etc.

http://faculty.haas.berkeley.edu/vissing/cycle_paper_cieslak_morse_vissingjorgensen.pdf

The tight neck is probably due to lymph system being inundated! Lots of nodes in the neck area. Never mind the newsletter, get well!

Hope you feel better soon!

Send snacks! Lol

The chart is monthly, so maybe it requires a monthly close?

Well said!

Internals have been something to behold - about 40 to 1 negative at the moment. And it was lower than that earlier this morning.

"By God I'm not going to give back profits and look like an idiot, okay, . . ." LOL!

Definitely a point of debate, since the DOW is so few stocks. I think he's just saying more historical data is better, which is generally true for statistics, but I don't know about this case.

Sorry you're having back/neck problems! God, do I ever hate back pain!

Me too. But for really long term data, only the DOW goes back 100+ years.

Just found this article on the "first five days" January market predictor, and was surprised by it. Depending on how far back you look, it is not such a good predictor, and even has a period in which it predicted the opposite (1970 to 2012, when the article was written). I'm not trying to be controversial or contrary; I love to look at stats and was surprised when I found this article. Note that author is looking at the DOW, not S&P, since it has so many years of data. I'd love to hear anyone's reaction or further information.

http://www.marketwatch.com/story/the-first-five-days-of-january-indicator-2012-01-11

Morning star pattern on SPX 1 hr.