Bquat's Account Talk

[FogSailing]

BQ: Here's a 5 Day on DWCPF. Look at how the Bollinger Bands just opened up and the 50 EMA has swung above the 200 EMA. Volume is low so no telling how that will impact the Relative Strength of the Index, but MACD is still positive so at least one indicator says there is some strength in the current price. I haven't checked the Aroon Oscillator or McClellan Oscillator today but they would be helpful because Volume is low. VIX$ looks good BUT Yen is down against the Dollar and Gold and Oil are down. Next week is Options Expiration week and I understand there is a lot of economic activity next week. The market is always looking ahead and the inauguration is next Friday I think. My instinct says beware because so many Mom and Pops are still jumping in. But because volume is low there doesn't appear to be a lot of selling (at least today). I heard through a separate analyst that Oil is supposed to trade down to around $45 before a bounce. It may be headed there. And if it goes down DJI Transportation may be headed up and that would probably be good for DWCPF. Just a guess. No idea how all these things really work. Thanks for your charts. I really enjoy them.



FS

 

[FogSailing]

Several traders are indicating that there will likely be a selloff Monday morning followed by a Buying of the Dip in the afternoon (at least in RUT). Sounds to me like Monday could be a positive day if we have the guts to hang in there..

Signed Gutlless...:laugh:

FS

 

[Maricar19]

Several traders are indicating that there will likely be a selloff Monday morning followed by a Buying of the Dip in the afternoon (at least in RUT). Sounds to me like Monday could be a positive day if we have the guts to hang in there..

Signed Gutlless...:laugh:

FS

Is the market open Monday?

 

[FogSailing]

My apologies Maricar...I believe it's closed for Holiday so that would be Tuesday..

FS

 

[Cactus]

I think it's closed for MLK day. I know our TSP is. Let's just call it virtual Monday, i.e. Tuesday this time.

 

[DreamboatAnnie]

NYSE is closed on Federal Holidays and at other times.

https://www.wallstreetdaily.com/nyse-stock-market-holiday-closings-schedule/

 

[Bquat]

So can Transports continue to move up after the bull flag with oil prices increasing?

 

[Mcqlives]

I'm thinking not...but I wasn't expecting this sideways action to keep going like it is...

 

[RazorCat]

A little upside in equities today (so far). Do we mull around in a tight range until Friday? Just pre-inuagaration jitters I hope.
Hoping for a little bump up going into the close as a confidence builder to convince me to hold.

 

[Bquat]

Charts for Friday:

 

[Mcqlives]

I have hopes that, after todays action, and looking at your charts...next week could be a very good week! Of course it could go to SH$T in the bread basket too...

Have a great weekend!...and, as always, thanks for the charts!

 

[Bquat]

Can the breakout continue or are we too weak to embed to the up side::blink:

 

[Bquat]

Why has there been no fear in the VIX for a while?:suspicious:

 

[Bquat]

Can the breakout continue or are we too weak to embed to the up side::blink:

Zoomed in a little to see if top of boxes act as support if the current weakness continues:

 

[shitepoke]

BQ
can you answer yer own Q...why is VIX soooo low for so long...

 

[Bquat]

BQ
can you answer yer own Q...why is VIX soooo low for so long...

This is a theory.:notrust: The news during the primaries and general elections have been so profound in the daily news that it overwhelmed financial news. No news about Greece anymore. No news about Brexit. No news about the EU bank weakness and no news about China's weak GDP. Now news on opinions for and against daily Trump actions dominate the news and financial news is all on Trump effect. So world financial news is in the background noise according to news in the US. Here's a couple of VIX charts. Moving averages are not for daily time frame: So, what do you think about my comments?

 

[Bquat]

Can the breakout continue or are we too weak to embed to the up side::blink:

Gap filled and top of rectangle held as support which is good but can we embed. Look at line A and B at bottom:

 

[shitepoke]

BQ
i am not a smart or sophisticated dude...rely on my guts and instinct...guts tell me that we have unprecedented times (Trump effect)...charts (i like and appreciate yours like educated advice??) like VIX and smart /dumb money indicators, even the fact that bonds and equities used to react oppositely most of the time are not opposite any more and/or not as good a prognosticator/indicator??
Eric

 

[RazorCat]

I agree with your line of thinking on the news cycle. Now that the election dust has settled (sort of) financial news should be more of a factor in the markets going forward. But, does that have a settling effect, or just the opposite? This current Bull run has shown more resilience then most ever imagined. We've become so conditioned to "dips" vs. the occasional "full blown correction" that we might get caught with our guard down.
Keep the charts coming Bquat. Very informative.

 

[Bquat]

Gap filled and top of rectangle held as support which is good but can we embed. Look at line A and B at bottom:

So, was that a false breakout and now do we get the flat top big market drop scenario? Watching the larger rectangle and 50 day as support: