39 replies to this topic

[Mr Dev]

looks like the EEM may have finally broken its strong momentum run. yesterdays divergent high and todays daily sell signal created by the gap down ..is looking very interesting this morning for a short position. weighing the difference in performance of shorting the EEM vs the RUT has just started to look much better. i may shift RUT shorts to EEM shorts early this morning...as the RUT is down -.40 % and much easier to track and analyze, after making 60 RUT points to the downside this month, (ck post short RUT @ 1211.) vs the EEM -.60% and comes with its challenges likemoving mostly in gaps at each open. Still if you have been waiting for an opportunity to short the EEM this looks like the first one ive seen in a long time. good luck on the trade.

Edited by Mr Dev, 17 July 2014 - 09:18 AM.

[Mr Dev]

gains have been nice this month... so i asked myself why not give it a try and see if Flipping here is ready to work. so i exited the RUT shorts and positioned them short the EEM ..but reserve the right to go back to what has been working so well this month. ck out the slo sto on a 60m chart and you'll see that the NDX looks very similar to what the EEM looked like last night at the close. the two are very similar in position and where abouts on the chart as far as the slow sto is concerned. with that said ...maybe i should of shorted the NDX.. oh well to late for that...although ill keep a close eye out for an NDX move lower because of the NEGATIVE NAMO cumu CHART CROSS OVER update on the BPSPX post last night, but for now MRSFT is helping to hold the entire NDX up today.

Edited by Mr Dev, 17 July 2014 - 09:40 AM.

[Mr Dev]

here's a reference for the move this month and more inportantly where the 60m indicators are sitting for the RUT this morning as i exited the what was 80% of the original position.
remember days ago i took off 20% to play in gold (bothways) for some fantastic gains, and moved that to a 'rare cash position' posted yesterday.

its times like these that more than balance out a ..bad Daytrade or two so i encourage newbies to stay with it .

RUT 60m chart ...

Edited by Mr Dev, 17 July 2014 - 09:52 AM.

[SemiBizz]

There's big trouble possible under 1146 now.. what I refer to as a "Slip Zone" like 20 pts slide available... see past history on daily.

from Today's RUT Forecast:

RUT continued to be the weakest index in the deck on Wednesday and actually closed DOWN 2 pts at 1151... on a day that other indices fared well and rocketed in some cases like the SOX and the XOI today. So we had a much lower high of only 1159.96 and a slightly lower low at 1148.18. Not encouraging to say the least... The setup hasn't changed, if the RUT gets under 1146, it can quickly fall to 1127... in just hours or even minutes of trading, we've seen this setup more than a few times this year... so watch that 1146... and it does appear at least we're building up the profile for a test at a minimum

[TTrader47]

here's a reference for the move this month and more inportantly where the 60m indicators are sitting for the RUT this morning as i exited the what was 80% of the original position.
remember days ago i took off 20% to play in gold (bothways) for some fantastic gains, and moved that to a 'rare cash position' posted yesterday.

its times like these that more than balance out a ..bad Daytrade or two so i encourage newbies to stay with it .

RUT 60m chart ...

RUT looking pretty exhausted here. Down about 6%, while Dow is making new highs and VIX is sub 11. Very weird.

[Mr Dev]

just thought id post up the this mornings VIX chart which is still on an oscillator buy signal from last week .

you can see the lower oscillator went on it first buy signal last week since early April which was short lived ..but also notice how much higher the VIX was then 17.

this time the VIX is no where near those levels ( actually -35.0 % lower) so this lower oscillator top kissing the zero line ...could bounce instead of crossing below the zero line which
if it does would become bullish again for the markets.

at this time with the MoMo indicator still inside the Extreme Bearish Zone...AND the VIX here is more bearish than bullish.

also addressing the MoMo and the recent market highs..this is something we saw earlier this year which is very uncharacteristic where the markets should be making a low
with the MoMo in this zone but is making a high.
i see this action as another divergence (which doesnt happen often with this indicator but now twice in the same year) ..that the markets are ready for another sell sell off.

Edited by Mr Dev, 17 July 2014 - 10:07 AM.

[Mr Dev]

agree ..as ive been saying the RUTs been in trouble for a while now.

heres the a point i made last night where it is compared to the key 50day moving average both daily which its below...and weekly which is way down at 1113

in a recent post with d, i stated that 1177, 1150, and 1134 where the targets i saw below. all but 1134 have been reached and now i will add 1113 to the list.

Linke Here.
the RUT and the XAU are trading very technical in nature to the sell side. the INDU SPX and NDX have not given in yet to the internal indicators linked above.
......
the RUT weekly 50 Ma is down at 1113 the RUT has already broke below its daily 50 Ma by 10 points.

something different im doing is looking.. at weakness in the RUT not on a daily basis but on a trend basis.

as i continued to " short the weak ...and play long the strong. ' (xau/nugt) today takes me in the EEM direction for a change at least into the close.

There's big trouble possible under 1146 now.. what I refer to as a "Slip Zone" like 20 pts slide available... see past history on daily.

from Today's RUT Forecast:

RUT continued to be the weakest index in the deck on Wednesday and actually closed DOWN 2 pts at 1151... on a day that other indices fared well and rocketed in some cases like the SOX and the XOI today. So we had a much lower high of only 1159.96 and a slightly lower low at 1148.18. Not encouraging to say the least... The setup hasn't changed, if the RUT gets under 1146, it can quickly fall to 1127... in just hours or even minutes of trading, we've seen this setup more than a few times this year... so watch that 1146... and it does appear at least we're building up the profile for a test at a minimum

Edited by Mr Dev, 17 July 2014 - 10:19 AM.

[TTrader47]

I thought the VIX would resolve a lot higher today so picked up some volatility about a half hour ago. DIA and the QQQ's look to resolve lower today...

[Mr Dev]

wow nice timing...i think the Vix chart shows that the price has SPRING potential built into it. and get this...

to the tune of 15% well 15.79 to be more exact .

best of luck, i think you picked a winner.

I thought the VIX would resolve a lot higher today so picked up some volatility about a half hour ago. DIA and the QQQ's look to resolve lower today...

Edited by Mr Dev, 17 July 2014 - 10:25 AM.

[SemiBizz]

All it was... RUT had an excuse to test the bogus December 1213 print. Look what it did after...