Mark S. Young
Posted 23 May 2017 - 07:16 AM
Traders added a net $34MM in new SH positions yesterday.
That's not trivial, but it's not particularly important, either. Frankly, I view shifts between $10MM and $35MM as possibly smart money--SHORT TERM.
So, while conceptually, shorting into strength is normally Bullish in other contexts, in this context I'd say it's reasonably likely that we'll get at least a modest reaction from whatever high we make this morning.
I don't think I'll be trading for it, but there you have it.
Mark
Mark S Young
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Volume Dynamics Specialist
Posted 23 May 2017 - 07:44 AM
$34M is a drop in the bucket if you are the Swiss National Bank and hold $63 Billion in equities...
Mark S. Young
Posted 23 May 2017 - 11:12 AM
I think that the SH is a retail or small money product. But those asset flows do seem to have some predictive value.
This one is just an interesting artifact today.
M
Mark S Young
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Member
Posted 23 May 2017 - 02:43 PM
I am looking for one more ST covering rally that will take us to 2425 spx from there I think the big swoon is coming. A move over 2405 es will start this process. I am not in until that happens 2406 print on the hourly. But I am in as I have posted the BAC calls from 22.50 (Heavy) looking for 25.50- 26.00 because of the X Div 5-31
Stops in and at a 500% profit from entry as I type
Best
Member
Posted 23 May 2017 - 03:22 PM
my best guess is that we won't trade higher than 2400 on a closing basis until next week, after memorial day. Early June has a top around 6/7 ~ 6/9 at 2430, then the down time comes.
Volume Dynamics Specialist
Posted 23 May 2017 - 05:17 PM
OFF TOPIC - This site is SLOW TO LOAD PAGES, Herky Jerky... there's a bug somewhere in it.
I am having ZERO issues with other web pages...
This has been like this all day, making it very hard to use.
Anyone else having issues?
Member
Posted 23 May 2017 - 05:46 PM
Member
Posted 23 May 2017 - 05:46 PM
I am looking for one more ST covering rally that will take us to 2425 spx from there I think the big swoon is coming. A move over 2405 es will start this process. I am not in until that happens 2406 print on the hourly. But I am in as I have posted the BAC calls from 22.50 (Heavy) looking for 25.50- 26.00 because of the X Div 5-31
Stops in and at a 500% profit from entry as I type
Best
Is that not a H&S top on the daily BAC ?
Mark S. Young
Posted 23 May 2017 - 11:12 PM
OFF TOPIC - This site is SLOW TO LOAD PAGES, Herky Jerky... there's a bug somewhere in it.
I am having ZERO issues with other web pages...
This has been like this all day, making it very hard to use.
Anyone else having issues?
They are doing server upgrades, pretending that we won't notice.
I'm noticing. 
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
Member
Posted 24 May 2017 - 09:38 AM
I am looking for one more ST covering rally that will take us to 2425 spx from there I think the big swoon is coming. A move over 2405 es will start this process. I am not in until that happens 2406 print on the hourly. But I am in as I have posted the BAC calls from 22.50 (Heavy) looking for 25.50- 26.00 because of the X Div 5-31
Stops in and at a 500% profit from entry as I type
Best
Is that not a H&S top on the daily BAC ?
Sorry but not a very reliable pattern an fails more likely than not. Back testing this morning looking for a strong reversal up later (IF) spx holds up. As I said we will test 2304 on es that will be the tell IMHO
