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$SPX vs ES

Posted by spytrader on 24th of Oct 2014 at 01:06 pm

Matt/Steve, I know you said that $SPX "leads" the ES. Sorry, I'm having trouble posting pics right now. Would like to get short ES for a trade or more on 60-min chart. $SPX showing -ve RSI divergence on 60-min, approaching major Fib line, MACD rolling over etc. ES not showing RSI divergence yet, only overbought. Waiting for trigger. For ES shorts, do you like to see that divergence also or can one use the $SPX action as a guide? Don't want to hold ES short through another push up. Thanks.

ERY

Posted by spytrader on 22nd of Oct 2014 at 12:37 pm

Trouble posting pics right now but along Matt's energy vein, ERY may be ready to run again. 

$SPX vs $VIX

Posted by spytrader on 17th of Oct 2014 at 10:18 am

$VIX fell out of bed :) $SPX heading higher.

Yep, moment of truth, watching

$VIX

Posted by spytrader on 16th of Oct 2014 at 02:03 pm

Yep, moment of truth, watching to see if $VIX trendline retest fails here, watching closely.

Agreed. Indices seem to be

$VIX

Posted by spytrader on 16th of Oct 2014 at 01:41 pm

Agreed. Indices seem to be headed higher for now, maybe we get good pullback in $VIX?

$VIX

Posted by spytrader on 16th of Oct 2014 at 01:23 pm

Watching this also at day's highs, big move brewing, we'll see which way.

ES Pennant

Posted by spytrader on 16th of Oct 2014 at 10:38 am

Battle of the patterns: potential IHS on $SPX. Can't help but notice pennant on ES though. Will be watching to see who wins out.

Thanks Matt! Good night!

Newsletter?

Posted by spytrader on 15th of Oct 2014 at 11:05 pm

Thanks Matt! Good night!

Newsletter?

Posted by spytrader on 15th of Oct 2014 at 09:44 pm

Matt/Steve, eta on Newsletter tonight? Under the weather so wrapping it up for tonight but would love to hear your thoughts on these markets! I can always grab it tomorrow am if it'll be a while.

Capitulation?

Posted by spytrader on 15th of Oct 2014 at 09:56 am

Matt/Steve, there may be a chance of a v-reversal on indices. In this situation, what timeframe are you using to look at potential $SPX longs? Are you only interested if $SPX 60-minute charts show long triggers/getting above key MAs or do you ever nibble based on (ex) a 5-minute chart and see what unfolds then hold it. Tricky spot here. $SPX 15-min candle already took back am candle.

Thanks for Adv/Dec views. These are similar to what TOS offers on a different screen from the ProphetCharts I use. Brophy I've used the $Adv-Decn you showed before, good reminder to keep an eye on it. Thanks friends!

Adv/Dec

Steve: replay possibilities?

Posted by spytrader on 14th of Oct 2014 at 12:01 pm

Steve, TOS has many options for breadth studies. A/D Line breadth vs Daily, advance/decline line, advance/declining issues. All essentially the same? if not, which is your preferred please?

Liking the look of it

JNUG

Posted by spytrader on 9th of Oct 2014 at 03:47 pm

Liking the look of it here too, grabbing some at 10.12.

Thanks guys, nothing like stepping away for an hour and missing a big move. Ugh. Will be on the lookout.

$SPX and other wkly charts

Posted by spytrader on 9th of Oct 2014 at 02:37 pm

$SPX and other wkly charts look toppy and breaking thru MA. Am looking to get intermediate-term short but would prefer lower-risk entry. Steve/Matt, do you think prices might pop back towards the $SPX 2000 and put a RS in place or does price just drift down after this much selling. Got shaken out of my short early am :(

sorry to hear that, get better soon!

I"m still very sick

Posted by spytrader on 10th of Jul 2014 at 01:28 pm

thanks guys, will get in touch Steve

SOXS/Alarm Question

Posted by spytrader on 26th of Jun 2014 at 10:44 am

SOXS/Alarm Question

Posted by spytrader on 26th of Jun 2014 at 10:20 am

Usually play the SPYPro system, this is first time doing a watchlist trade. Would like to get long SOXS for a trade, wanted to see support bounce this am and it got away. Read the info on alarms but still not clear: Steve discussed SOXS a couple of nights ago but alarm popped up on my screen this am. Should I take that to mean that now is the time to watch closely for entry vs. entry from newsletter discussion? Do alarms usually go off 1-2 days after newsletter discussion or do most folks get in the am after newsletter signals? Thanks!

thanks for sharing, great info

Using options to trade

Posted by spytrader on 7th of May 2014 at 08:52 pm

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