Bquat's Account Talk

[Bquat]

Or an easier guess is that there is a green vertical line it's 60/40 the market will go up and a red line will indicate there's a 60/40 chance the market will go down. It's kind of like a little nudge one way or the other. I've only been doing it a month now and the only change lately was in the F Fund.

and this

 

[Bquat]

So I have a caution in SGT but it can go back up::blink:

 

[Bquat]

Transports still looking good so they may embed:

 

[Bquat]

Sorry guys I didn't notice this because I was looking at another chart.:embarrest: Ok the gap got filled and acted as resistance and without the pop I was expecting SGT has gone red:

 

[Bquat]

SGT still red:

 

[Bquat]

Here's something different from my SGT. Is gas prices helping transports?

 

[Fran1775]

It looks as if the F fund has broken out of the accending channel on the daily
I wonder if this is a sign the other indicies are going to continue to lag since they haven't rallied the steam to breakout for more than a day or so.

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[Fran1775]

Transports do give hope though, if others follow
Have to see if this is pre holiday buying or a change in trend

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[Lakebound]

Transports do give hope though, if others follow
Have to see if this is pre holiday buying or a change in trend

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My money would be on pre-holiday buying.

Frank

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[Bquat]

It looks as if the F fund has broken out of the accending channel on the daily
I wonder if this is a sign the other indicies are going to continue to lag since they haven't rallied the steam to breakout for more than a day or so.

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That's something about the daily that can be misleading. Even though the candle looks big and green we ended up near the bottom if you look at the number highlighted to the right on the last chart. I didn't notice it at first either. Here's a four hour to see what I mean::blink: Don't pay attention to the moving averages because I didn't rescale them for this time frame:

 

[Bquat]

How about a VIX update? Well it's still in the danger zone and above all the rising moving averages. The VIX does have topping tails but with all kinds of support it doesn't look like will fall out of the midterm up channel, unless unexpected good news comes out. Maybe OPEC having a major cut in production or IRAN sanctions being put back on. What are the odds?

 

[Bquat]

Would OIL be a good oil chart?

 

[FAB1]

Tom uses the USO in the popular charts here. The WTI I think is best, shows the barrel price.

How about this breakout in $TRAN? Over 7200 if resistance turns to support could be the bear flag reversal.

Market indexes liking it a lot too.

 

[Bquat]

Tom uses the USO in the popular charts here. The WTI I think is best, shows the barrel price.

How about this breakout in $TRAN? Over 7200 if resistance turns to support could be the bear flag reversal.

Market indexes liking it a lot too.

Yes Transports do look good. They have been embedded a while and how long can that lasts?

 

[Bquat]

USO:

 

[BooDog]

just for info, take a look at stockcharts.com, the "Above The Green Line" thread there. I try and use the 8 day EMA and I like using the PSAR. Depending on how long I plan on staying in a swing depends on which indicators I zoom in on the most. For the most part it's the 8day ema, ADX W/DI, PPO and the RSI. Typical support resistance with the 20, 50, & 200dma's. I'm just sharing what works for me.

 

[Bquat]

Ok, before I look at other people's stuff, I'll talk about my stuff. I can not say this is a bottom. I also have to say we have gone up since my SGT has gone red. The good is we are consolidating sideways. If we move out of the top of the box, we may have formed a bottom. With my SGT being red I would really consider this a low base but SGT is only a few weeks old and isn't proven yet. F Fund has a green SGT but only because the others are red so I don't know if the up trend will continue. Here my charts:

 

[Bquat]

I am still wondering if Transports are bullish because of fuel costs going down::blink:

 

[Bquat]

There you go. Comment if you want.

 

[BooDog]

There you go. Comment if you want.

Good charts B. I've been watching more of the overall indices, if you notice, they've failed to break through the 50 rsi. Take a glance at some of these... $EMW, $RUT, IWC, IWM, EFA. The $SPX and the $INDU have broken through the 50, $TRAN has a nice rounded "cup" as well. Really throwing a dart and seeing where it lands. Futures heading slightly lower this morning but I'm more in the thinking that this will just be a bit of consolidation than the end of this rally. I lightened up on Wednesday taking off half of what I had in. 50% back to 25%. Deciding to keep some in the C I (10% each) and 5% S to see if the markets could push through resistance. Really my line was on the $INDU cutting and then holding the 16400 resistance line and making it support. I don't put much weight on futures unless there's really something driving it. Right now almost all the cats are out of the bag, banks, oil, China, Germany, Greece blah blah blah. The bears have spoken. imo, we have only started to see the reverberations of a lower oil price, I like $25 - $40 but need to keep an eye on individual companies, especially the ones in the ETF's. Cash is always a good thing to have. So there is some concern to keep an eye on the bears and what they're saying. There can also be significant rallies too. Maybe we won't continue the rally today but I'm thinking next week we could see an upward push if we manage some decent support levels into close today. The AGG suggests that many were unwilling to take the risk. What we want to see is a test of resistance at the top of your boxes Bquat. Question is, will we. Just me rambling a whole lotta nuttin really.

stock symbols I mentioned work on stockcharts.com

Good luck you guys!