Bquat's Account Talk

[FAB1]

A bounce off the 200ema, SPX led down by Oil then a quick turnaround -- if it happens 2110 is my exit point
I'll be happy for May. : )

 

[Mcqlives]

But today...or next week? I thought today but this sideways action has me scratching my head.

 

[Bquat]

There's a good chance of losing the 50 Day and embedding to the down side. :worried: So is the bad jobs report good? Still have to wait for market post news reaction to decide if it's good news for rates::blink:

 

[Mcqlives]

We finally got some downward movement this morning...but it won't be enough to get us towards the 200 even with the 50 broke. At least today, unless this afternoon really brings out bears. No move in for me till I see what happens with the 200.

 

[Mcqlives]

Well crap.....the 50 was only broke by a few, for a short time, and we are getting a bounce. May be worth getting in for a short bounce. 20 minutes to decide!

 

[Bquat]

So, can we start back up now? The funds:

 

[Bquat]

I kinda have a blue bullish pull back channel on my charts and showing oversold conditions, yet volume was increasing on the down move. So, Monday something good must happen or else: Can the test of the 100 day in transports hold? Can Nnuut call the Plunge Protection Team into action?

 

[airlift]

I kinda have a blue bullish pull back channel on my charts and showing oversold conditions, yet volume was increasing on the down move. So, Monday something good must happen or else: Can the test of the 100 day in transports hold? Can Nnuut call the Plunge Protection Team into action?

Good charts! If we could ensure that the PPT is going to buy the markets, I'm sure that we would al risk 100% in stock indexes. I hope we get some guidance by tomorrow before 12 noon eastern time. Good luck to us!

 

[FAB1]

I'll be watching with interest from my bed today.

Stupid Midwest May weather has me down, inside to recoop.

 

[FogSailing]

Get well quick Fab!!

FS

 

[Bquat]

Is the down side done? Are the bull flags going to work? Tomorrow we need a good pop up to turn the green stochastic line back up. 60/40 I think it can:

 

[Bquat]

I kinda have a blue bullish pull back channel on my charts and showing oversold conditions, yet volume was increasing on the down move. So, Monday something good must happen or else: Can the test of the 100 day in transports hold? Can Nnuut call the Plunge Protection Team into action?

100 Day test still good:

 

[Bquat]

test

 

[Whipsaw]

Test good. 5 by 5.

 

[Bquat]

100 Day test still good:

And VIX back in it's box:

 

[Bquat]

So I'm happy VIX is back in the box and the bull flags in stocks are working. But with the VIX right on top of the 8, 18, and 50 day and with this rounded bottom it can raise it's nasty head. So watch the box and keep an eye out for the cup and handle::suspicious:

 

[Bquat]

We need the VIX to cross the green line:

 

[Bquat]

Will the confirmed higher low be good for the market? It does seem to line up well with the midterm and it can lower concerns for a market correction, right? I widened the charts to show the last low. The Funds:

 

[Bquat]

VIX:

 

[Bquat]

Even though the F fund has a blue line (bottom of chart), I think it may be in a bear flag fighting the 50 day. Just something to watch: