9 replies to this topic

[redfoliage2]

Bulls toy VIX was malfunctioning today, first time in quite a while.   The Feb VIX future was pushed down by half a point but ES still dropping.  

Edited by redfoliage2, 20 January 2017 - 02:44 PM.

[redfoliage2]

Unless bulls are able to mount a last hour turn around, that is entirely possible as it is the OpEx Friday ..........

Edited by redfoliage2, 20 January 2017 - 03:23 PM.

[redfoliage2]

Unless bulls are able to mount a last hour turn around, that is entirely possible as it is the OpEx Friday ..........

Even with the final hour push it's still a gap and crap day.  The wind is changing ...........

[Charvo]

I think it's tough for US stock indices to fall if the global stock markets are strong.  VEU (world ex-US) and EEM look decent.  I'm not saying everything is rosy and full-speed ahead, but I've seen much worse conditions in the global markets before the US markets go into a significant decline.

 

EWC and EWA look good.  This means the resource sector is on solid footing.  China has got a ton of money flowing in due to the resetting of the China credit for 2017.

 

I think it's difficult to be bearish right now except for a ST correction.

[opinionated]

Telling you big run for 20k dow coming.  Will it make it? not sure doubt it...

[SemiBizz]

Well, I dunno about 20K, but I know what it takes to get it...

 

GS...

 

Heavily weighted GS was responsible for close to 500 pts in the DJIA runup from the elections

 

 

[opinionated]

I do not think so either Semi,

 

Actually I think 2075-80 ES will be the top.  IF my indicator, and timing models are working I see a rally attempt Monday morning and a failure. I will be positioning short in the first hour... above es 2080 and we run 10 more points But we are building a top IMO looking for an A/B/C down with the first bottom 1/30 +/- 1 around 2250-40 spx then the b to 2068 and the d at 2230 spx ish... 

 

 

Also looking for a dollar top by tuesday/wendsday. Trump does not want a strong dollar.

 

Best

[SemiBizz]

He's going to get a strong dollar whether he likes it or not...

[opinionated]

Agreed, Short term top back to 99.60 then launch far higher that most think. Im seeing 105.25 on my cycle/time/price studies

[SemiBizz]

Well, I dunno about 20K, but I know what it takes to get it...

 

GS...

 

Heavily weighted GS was responsible for close to 500 pts in the DJIA runup from the elections

 

 

 

GS on the verge of a breakdown here... I have 215.00 downside target on it.