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Here is my SPX chart

back test target

Posted by pebs on 25th of Apr 2013 at 02:14 pm

Here is my SPX chart - looks like we are back testing that trendline now.  Look at those negative divergences.  Not that they all play out, but wow, this could be a great shorting opp if things get going on the downside.  Would like one last push up through the BBs to load up tho.

 

Time for the full moon card

Posted by pebs on 25th of Apr 2013 at 09:29 am

Full moon tonight.  Perhaps a top...

$VIX

Posted by pebs on 30th of Jan 2013 at 03:51 pm

Matt/Steve - what do you make of the move in the $VIX?  It is about 5% from the upper BB.  The BB width is very low, suggesting a big move coming.  Is it possible that we get another $SPX buy signal soon without that much of a sell off? 

Been stumped by the $TSX

Why does the $TSX lag so badly?

Posted by pebs on 2nd of Jan 2013 at 10:50 am

Been stumped by the $TSX as well.  The last year and a half could be seen as consolidation for a bigger move, although it looks like it's starting to break out to the upside.  Longer term, though, it has a H&S look to it, so this breakout to the upside needs to be sustained.

Hope some of you caught

MCP - 60 min

Posted by pebs on 2nd of Jan 2013 at 10:08 am

Hope some of you caught this one.  Nice move today.  No doubt helped by the market, but I think the pop was coming anyway.

$SPX daily

Posted by pebs on 2nd of Jan 2013 at 09:47 am

Might be crazy but I see a nice short right here.  Stop above upside break of trendline.

Sweet, Matt!

Lol!  Maybe it is time

Dow breaks yesterday's lows

Posted by pebs on 28th of Dec 2012 at 03:50 pm

Lol!  Maybe it is time for a bounce!

LNG - 60 min

Posted by pebs on 28th of Dec 2012 at 03:02 pm

Planning on shorting a weak bounce on this one.  Very nice neg divergence on the MACD.

SPX 5 min

Posted by pebs on 28th of Dec 2012 at 02:55 pm

Possibly a triangle in the making.  Went a little long for bounce.

PCS - 60 min

Posted by pebs on 27th of Dec 2012 at 04:35 pm

Here's another one I'm watching.  Looks like it's winding up.  +div on the 60 min and daily MACDs.  Volume pattern looks okay.

MCP - 60 min

MCP - 60 min

Posted by pebs on 27th of Dec 2012 at 04:23 pm

Popped in to check in on MCP and found that my buy limit filled at 9.20.  Nice backtest of previous resistance.  Playing this for a bounce only.  There is some +div on the MACD histo and some forming on the MACD.

SPX Daily

Posted by pebs on 18th of Dec 2012 at 02:21 pm

Going short here with a tight stop.  Look at the neg divergences everywhere - $NYMO, RSI, $TICK, plus being outside upper BB to boot. 

Yeah, that's the million dollar

MCP - 60 min

Posted by pebs on 10th of Dec 2012 at 11:28 am

Yeah, that's the million dollar question.  Now waiting for a pullback on this (if it comes).

Wow, sold too soon!  Nice

MCP - 60 min

Posted by pebs on 10th of Dec 2012 at 11:21 am

Wow, sold too soon!  Nice move.

Hit 9.75 on the nose

MCP - 60 min

Posted by pebs on 10th of Dec 2012 at 10:25 am

Hit 9.75 on the nose this morning.  Out just now at 9.66, as it's got some resistance here.

Here's a closer look.

MCP - 60 min

Posted by pebs on 6th of Dec 2012 at 03:52 pm

Here's a closer look.

I'm going to see if

MCP - 60 min

Posted by pebs on 6th of Dec 2012 at 03:18 pm

I'm going to see if it holds the uptrend line first and trade it back to resistance at 9.35ish and then 9.75.  I'll see how it looks then before deciding whether to keep it or not.  The C&H pattern is much higher than that, but I'm willing to take profits and run if something doesn't smell right.

MCP - 60 min

Posted by pebs on 6th of Dec 2012 at 02:48 pm

Cup & handle? Going to take a stab long, stop below trendline.

TCK - 15 min

Posted by pebs on 6th of Dec 2012 at 02:04 pm

Shorting here with a stop above.  Neg divergence on the MACD and RSI.

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