3 replies to this topic

[Mr Dev]

RUT now erasing more than yesterdays gains here within the first 30 mins of trading..as yesterday's Signal Post.. was a bit early but was rewarded quickly after todays open .

this type of price action will be met with some liquidity but that does not always mean a positive day and ...it does not bode well for the rest of the week.

also the VIX signal down at the 12.45 price point for the KEY MA does not bode well for next week. . .as it to may confirm the next move ..see here.

so position as needed.

Edited by Mr Dev, 20 May 2014 - 09:11 AM.

[TTrader47]

RUT now erasing more than yesterdays gains here within the first 30 mins of trading..as yesterday's Signal Post.. was a bit early but was rewarded quickly after todays open .

this type of price action will be met with some liquidity but that does not always mean a positive day and ...it does not bode well for the rest of the week.

also the VIX signal down at the 12.45 price point for the KEY MA does not bode well for next week. . .as it to may confirm the next move ..see here.

so position as needed.

I still believe that the VIX bottomed on the 12th as noted earlier. And just because it is a big POMO day, doesn't mean the market can't drop. Some big POMO days the last couple months that have been big down days.

Coming off of overbought conditions, it will be interesting to see what market does after Europe close into this afternoon.

[Mr Dev]

here are the KEY MA targets posted with yesterdays signal post but these are climbing ever so slightly about an SPX point every other day.

liquidity seems to be headed to the those 2 momentum indexes (NDX /RUT) that have been oversold recently and broke below their Daily KEY MA support levels do to the tapering of liquidity.

that said the INDU and SPX daily charts are still above their Daily KEY MA support levels although their daily oscillators turned down and are now back kissing.

KEY MAs are showing an SPX target of 1852 as its support area.. and 16265 for the INDU.

Edited by Mr Dev, 20 May 2014 - 09:33 AM.

[Mr Dev]

my attention on the EEM remains as its been one of the strongest etfs to play . its traded within its extreme bullish zone for many weeks ... but its now sitting on trendline support as its strength or willpower to remain one of the strongest etfs will soon be tested especially if it maintains a close inverse correlation to our VIX.

Edited by Mr Dev, 20 May 2014 - 09:37 AM.