15 replies to this topic

[redfoliage2]

Currently in the Neutral mode.......

[Charvo]

KBE the banking ETF seems to be in a position to rise from here judging from various charts I am looking at.  It is relatively stronger than both the QQQ and EEM now.  I don't know why this would be the case with the Fed staying pat.

[redfoliage2]

Some traders are betting on BOJ to do something tonight and that's why they kept pushing index futures overnight.  But they will be disappointed by BOJ.  BOJ won't do anything before the Fed. 

Edited by redfoliage2, 20 September 2016 - 08:52 AM.

[redfoliage2]

I bet these night monkeys will be on defense tonight.........

Edited by redfoliage2, 20 September 2016 - 09:21 AM.

[redfoliage2]

The signal now is turning toward bearish side.  I see we are going to have a replay of yesterday............

Edited by redfoliage2, 20 September 2016 - 09:25 AM.

[redfoliage2]

Expect SPX to be confined in the range of 2140 - 2150 before the Fed announcement tomorrow afternoon.

The signal currently remaining Neutral.

[Geomean]

If the suspected (per Hurst, & Elliott analysis) downward thrust out of the 60 min chart triangle materializes, projections target the 2077-2049 area in ESZ16 next. It turned on a TDSEQ 13 (Perl's Settings which don't cancel countdown even if a new set up 9 prints) Sell in the hourly

[redfoliage2]

Market will make a resolution on the next IT direction that could be either way, only after the BOJ and the Fed.  All depend on the CBs what to do and to say ...........

Edited by redfoliage2, 20 September 2016 - 11:07 AM.

[lawdog]

Option players are really beared up today. Gives me more confidence to hold fully leveraged bull position going into Wednesday fed statement. The few days before the big 9/9/16 selloff were just the opposite, with option traders very high on CBOE equity calls. 

 

I will keep a close eye on the remainder of today and the few hours of trading in advance of the Fed statement. Either way, I will maintain at least a full bullish position; just a question of how leveraged to remain. If a quick drop occurs tomorrow, I would love to have some powder dry to buy the dip, but for now, I must follow the numbers and maintain a fully leveraged bullish stance, with no dry powder. 

[dasein]

http://www.ise.com/m...ata/isee-index/

 

ISEE index only is very bearish -33 - and they are usually right ST IM experience.