Steve has pointed out the dollar/yen relationship a lot but it
really seems to be wired in this morning. The daily chart is still
testing critical support, and I'm posting a couple of 5 minute
charts. You can see we are trading virtually candle for candle.
Looked at the weekly chart. Interesting candidate for a longer
term swing short. Certainly has built a big potential top, but it
might require some more work.
We need a new name for "markets" in a world in which they are
becoming more like the puppets of the central banks. The problem
for the CBs is that sooner or later their strings will break.
The community is delayed by three days for non registered users.
Yes, a pretty good day
Inside day for the Russell & 2nd day of selling ...
Posted by puma on 6th of Nov 2015 at 04:03 pm
Yes, a pretty good day for the RUT. Since it asserted itself, the 9 EMA has become support on the RUT, just like the SPY and the Qs.
A great weekend to all!
Ha -- I'm with you
Inside day for the Russell & 2nd day of selling ...
Posted by puma on 5th of Nov 2015 at 04:22 pm
Ha -- I'm with you and Art -- staying very, very nimble. Got to go to they gym now and do my stretching. Don't want to pull any muscles while trading![Cool Cool](https://breakpointtrades.com/wp-content/themes/Financeguru/images/smiley-cool.gif)
A tale, told by an idiot, full of sound and fury, signifying nothing
Posted by puma on 5th of Nov 2015 at 03:50 pm
I think Shakespeare was writing about today's action in the averages as we go into the jobs numbers tomorrow.
Matt -- Wouldn't you have
ES 10 min RVM
Posted by puma on 4th of Nov 2015 at 10:14 am
Matt -- Wouldn't you have been stopped out for a small loss when the next candle traded below the low of the hammer you entered on?
The world's Central Bankers certainly
No one likes what's in Pandora's box.
Posted by puma on 23rd of Oct 2015 at 10:04 am
The world's Central Bankers certainly don't like what's in there.
ECB Meeting and Press Conference on Thursday
Posted by puma on 19th of Oct 2015 at 11:57 pm
Don't know the timing but Draghi can definitely move markets too.
Here's some more info on
Does anybody have a service with a Zweig Breadth Thrust ...
Posted by puma on 9th of Oct 2015 at 11:09 am
Here's some more info on shorts and this rally, but I don't know that it provides the info that directly addresses Zweig Breadth Thursts.
http://www.zerohedge.com/news/2015-10-09/its-not-risk-rally-biggest-short-squeeze-years-says-bank-america
Remember, Fed Minutes 2:00 Eastern
Posted by puma on 8th of Oct 2015 at 11:02 am
Feels like we might just chop and slop until then.
OIH and XLE showing good RS to OIL and to market
Posted by puma on 2nd of Oct 2015 at 10:19 am
Watch the Yen
Posted by puma on 1st of Oct 2015 at 10:29 am
Steve has pointed out the dollar/yen relationship a lot but it really seems to be wired in this morning. The daily chart is still testing critical support, and I'm posting a couple of 5 minute charts. You can see we are trading virtually candle for candle.
UUP Daily
Posted by puma on 22nd of Sep 2015 at 11:02 am
Re: CAT short
Posted by puma on 21st of Sep 2015 at 11:44 am
Just saw this on Zerohedge:
http://www.zerohedge.com/news/2015-09-21/what-earth-going-caterpillar-sales
Looked at the weekly chart. Interesting candidate for a longer term swing short. Certainly has built a big potential top, but it might require some more work.
Lots of gravetone dojis/shooting stars on dailies
Posted by puma on 17th of Sep 2015 at 05:38 pm
Market likes the way Yellen
Fed leaves rates unchanged
Posted by puma on 17th of Sep 2015 at 02:45 pm
Market likes the way Yellen moves the goal posts.
We need a new name
Fed leaves rates unchanged
Posted by puma on 17th of Sep 2015 at 02:20 pm
We need a new name for "markets" in a world in which they are becoming more like the puppets of the central banks. The problem for the CBs is that sooner or later their strings will break.
Yellen press conference in 15 minutes
Posted by puma on 17th of Sep 2015 at 02:10 pm
Crude 60
Posted by puma on 15th of Sep 2015 at 09:28 pm
Descending triangle inside larger descending triangle
Gold 2 hr
Posted by puma on 15th of Sep 2015 at 03:22 pm
Nice big falling wedge, may well be waiting on the Fed. Would measure up to almost 1140 if it goes.
IBB 60 Min Invers H&S
Posted by puma on 13th of Sep 2015 at 06:33 pm
Plenty of overhead resistance on daily but clean pattern on the 60.
Tim Cook starts APPL presentation at 1:00 Eastern
Posted by puma on 9th of Sep 2015 at 11:47 am