Ditch

Noy savvy with Renko, but I assume from the red block the alert is for a falling market?  Thanks

S.

Noticed tonight that on the weekly SPX, the 20MA has now crossed under the 50MA, although by a hair, and it isn't the end of the week yet (if that matters). But in the past two occurences, it was significant as to change of direction for the market. 

I was so impressed with it I made a copy for future reference.  Can't side with all his predictions, but he presents excellent data and very rationale deductions.

Highly recoment it as well

Matt

Could you take a look at the daily of TLT.  Appears there are several negative divergences in place as it approaches it's last high agin, thanks

Shelly

The VIX has hardly moved abnd we aer down 1%.  How do we interpret that?  Thanks

Does there appear a possibble IHS rs 1079, ls 1077 head 1074 ?

I am seeing a possible H&S on the 5 min SPY with 108.80 as the base line.

I am seeing a possible H&S on the 5 min SPY with 108.80 as the base line.

try optionpain.com

Not sure its been posted here yet, but SRS and some other inverse etfs are going to havee reverse splits soon 5:1

Matt, in your chart, do you see any neg divergences between the last high and today?  The MACD looks lower, but not crossing down yet.  Thanks

noticed the same, but wonder if it is due to shortened week

Just observing the volume on SPY is not impressive and there is absolutely no participation by the financials today

SRS

The 5 min provides an even tighter channel, with a breakout now just under $20.00.  However, showing weakness today, very neutral in both markets, up and down

Sorry. Srewed up the link.  Willl try and find it

Excellent interview on the bear perspective from CEO of Trm Tabs.  Very telling data.  And it was even given on CNBC

http://www.deepcapture.com/michael-milken-60000-deaths-and-the-story-of-dendreon-chapter-1-of-15/

Financials

Since the first hour, the financials are underperforming the market. FAZ has gone positive from down .32 and XLF has gone negative

Jobs Report addendum

On Bloomberg they reported over 66,000 more job losses than reported for the last 2 months (adjustments), also, in todays number is a 66,000 increase in Govt jobs, specifically for census  takers (which I know BTW are temporary positions:)which offset a number of losses in other categories

PS Yes, I can no longer watch CNBC.   Kudlow upsets my stomach:)

Bloomberg Had an intersting chart today that showed both of the major rallys in 2008 came to an end around the time banks had to "recapitalize" in the area of $34 to $55 billion, similar to what is happening now with the stress test results.

SPY vol at noon is 20% higher than yesterdays.  So this bounce is with some vol.  Having said that, however, we had a massive  vol last 30 minutes yesterday (65M shares) so we may not have higher vol today if we go to the end at this rate

Looking at 845 to add some SDS.