Bquat's Account Talk

[airlift]

Came back home from breakfast and decided to go with brighter color to show the Pulse of the Market on the S Fund. I couldn't see it well on my phone. I was tring this style instead of a ladder. 60 / 40 chance to rung 4. This was from Spidey::suspicious:

Guys,

I compared the last 6 trading days of the S&P 500 daily chart of this May with May of last year, just before Memorial Day, and found last year went down. Am I comparing apples with oranges.

 

[Bquat]

Guys,

I compared the last 6 trading days of the S&P 500 daily chart of this May with May of last year, just before Memorial Day, and found last year went down. Am I comparing apples with oranges.

I like apricots.

 

[Mcqlives]

Now the Dow Jones Transports is usually a leading indicator. I think it is representing the economy while the other markets a going up because the slow economy decreases the chance of higher interest rates. The Transports can cause a larger sell of when it happens. So whats up with Markets setting new highs while Transports are setting lows?

I'm cautiously optimistic the bulls will continue. As for transports, I see the same thing you charted...until I pull back and look at the 12 month. Then it comes into the picture a lot better IMO. I think the trans might be a longer term leader with current market conditions. I haven't been able to prove it though:notrust:

 

[Bquat]

I'm cautiously optimistic the bulls will continue. As for transports, I see the same thing you charted...until I pull back and look at the 12 month. Then it comes into the picture a lot better IMO. I think the trans might be a longer term leader with current market conditions. I haven't been able to prove it though:notrust:

This little flag:

 

[Bquat]

Guys,

I compared the last 6 trading days of the S&P 500 daily chart of this May with May of last year, just before Memorial Day, and found last year went down. Am I comparing apples with oranges.

We'll have to wait until Tuesday to break out of the box. At least this low volume market likes this price range and my rung looks good:

 

[airlift]

We'll have to wait until Tuesday to break out of the box. At least this low volume market likes this price range and my rung looks good:

Great chart. Thank you.

 

[Bquat]

So, been using this midterm for a while now so I just added a white channel:

 

[Bquat]

Two more:

 

[Bquat]

So what you think? Did Transports fall out of the flag?:worried:

 

[Bquat]

Tried this once in post 9505 as a Pulse of the Market. Try it again as a ladder: 55/45 chance?

 

[Bquat]

Back from breakfast. What I miss? Oh, testing the 50 Day again, so soon this might not be a good thing. If you take the top rung and the right side of the ladder down to the next rung, you should see the isometric triangle we should be coiling for a bigger move. That's if the ladder side holds for another higher low::worried:

 

[Mcqlives]

So what you think? Did Transports fall out of the flag?:worried:

They did...but will they stay under? I still can't make the transports line up to the market trends like they used to.:notrust:

As for your other charts...thanks as always! I like the mid-terms still but now am seeing the potential for them to turn. We'll have to keep a close eye going into June. Have a great weekend!!!!

 

[Mcqlives]

Things sure are quiet on the board lately. I just had a few minutes to spare and was floating around on here and thought I would move your thread up to the top...for a minute anyway!
For market talk...I have still have my lines drawn at 2138(ish), 2123, 2104 and 2077 on the SnP. These are my flag points and, as long as we are bouncing around like we have been I'll let it ride. Enjoy your nice weather!

 

[Bquat]

Things sure are quiet on the board lately. I just had a few minutes to spare and was floating around on here and thought I would move your thread up to the top...for a minute anyway!
For market talk...I have still have my lines drawn at 2138(ish), 2123, 2104 and 2077 on the SnP. These are my flag points and, as long as we are bouncing around like we have been I'll let it ride. Enjoy your nice weather!

Look like we were back in the white channel but I'm concerned about the pop and drop to the 18 Day at the open.:blink:

 

[Mcqlives]

Look like we were back in the white channel but I'm concerned about the pop and drop to the 18 Day at the open.:blink:

Yep...but the weak dollar will get weaker so look for the uptrend to continue (IMO).

 

[Bquat]

Well my Pulse of the Market looks like crap right now. I'll probably find out why when I watch post market videos but will do some charts before finding out. So after lining up the white channel top and bottom, has support became resistance:

 

[Bquat]

Ditto:

 

[Bquat]

Has AGG completed it's Inverted Cup and Handle projection:

 

[Bquat]

Has the -7% line in Transports become resistance:

 

[Bquat]

Wow haven't been watching the VIX. Has it peaked: