Bquat's Account Talk

[Bquat]

Does look like the weak jobs report is helping it after the breakout of the bull flag but we'll see:

POP! Wow, why is transports taking off today?

 

[Bquat]

This is kind of getting unreal. What is keeping the fear out of the market? Is the economy growing stronger behind the scenes or is fear being manipulated? Anyway the shorted term moving averages are bunched up::suspicious:

 

[Mcqlives]

Trans are the only movers out there...and they sure didn't move like they should have to catch up with the larger DOW. I am getting really concerned that this clock is getting wound so tight it will just break down...in a really bad way.

 

[Bquat]

F Flag and low volatility continues into Friday:

 

[Bquat]

Head and shoulders or inverted head and shoulders? Flip the coin:

 

[Bquat]

F Flag and low volatility continues into Friday:

Is the F Flag finally breaking? If the dip doesn't get bought soon it will::worried:

 

[Whipsaw]

Finally out of the channel...

 

[Mcqlives]

Finally out of the channel...

Dollar up, oil (and commodities in general) down, rate increase more likely and the markets don't like it. Not a great way to get out of the channel but I'll take it as, hopefully, a way to make money off of some trades on increased volatility. We are still within an acceptable range of the 50 so we may climb on the afternoons oil related news. If not the 100ish DMA (about 2123ish) is my out line. I think this morning may be a move to flush out the dumb money but we should see this afternoon and Monday if that is true or if this is the start of a downtrend.

 

[Mcqlives]

Yep...Monday will be the main test of the 100dma. I expect more pain to come but we may have a respite this week. Let's all give a big BT "snort" and encourage those bulls to run!

 

[Bquat]

So was this just over reaction to a Fed rate hike possibility or a correction? Here's a FIB RET to watch if we go lower:

 

[FAB1]

Are you happy with the $vix/ Fear now?? :cheesy:

 

[Bquat]

Are you happy with the $vix/ Fear now?? :cheesy:

I would really like the 200 day to not act as support:

 

[Mcqlives]

Right now we have a big box with the 100 and the 50 dma's acting as floor and ceiling (respectively). IMO --- Which way we go to exit that big box depends on Fed and/or newsies talking.

 

[Bquat]

Here's some charts with the Brexit still on ignore. If we go down more I'll probably redraw with it in consideration. Bottom of midterm channels are just parallel reflections of the top. I would like it better if the VIX gets below 15 into the bigger box. Day traders are probably loving this volatility::suspicious:

 

[Bquat]

Haven't done a SPY chart in a while. Higher low is from Jan-Feb correction through Brexit dip:

 

[Bquat]

So watching Clovacco's video is this a successful retest of the longer term breakout?
https://youtu.be/9UdUUpky8Ys?t=1485

So we'll see come next week because D7 has us bearish.
Trading Videos - Free Online Trading Education

 

[Bquat]

Here's his box in blue-green but I cut some of the peaks a little bit:

 

[Mcqlives]

Haven't done a SPY chart in a while. Higher low is from Jan-Feb correction through Brexit dip:

I am going to look at this chart on Monday and really like it....or really hate it!

 

[Bquat]

The funds:

 

[Bquat]

It's surprising how fear left the market. Where did it go? Is this a cup and handle?