Market Talk / Jan. 21 - 27

[fedgolfer]

Interesting, but if you are referring to Ayla I can't blame him because he is only testing VIX theory and behavior. I think so anyway!

Ayla's 200 SMA theory/analysis is a longer gauge than what most of us quick traders need to use for VIX. I agree w/ it big picture and for the USMs, not necessarily the I fund. Using VIX with overlays (bollingers, price channels, etc) is much more effective for the short, quick traders.

 

[airlift]

I just cautioned to that effect, so what do you think?

 

[ayla]

Ayla's 200 SMA theory/analysis is a longer gauge than what most of us quick traders need to use for VIX. I agree w/ it big picture and for the USMs, not necessarily the I fund. Using VIX with overlays (bollingers, price channels, etc) is much more effective for the short, quick traders.

I agree. My VIX strategy is not for the short term. Wish it was. More like intermediate, i.e. 2 weeks or so. And definitely does not apply to the I fund.

The only VIX correlation I see with the I fund is that when the C and S fund seriously fall, the I fund usually follows by a day or so.

It is hard for me to believe the high Yahoo numbers earlier for the VIX were a mistake. I wonder what would cause that scenario if it wasn't. I wonder if some huge Institutional/hedgeFund action caused that? Something about puts, I'm sure.

 

[fedgolfer]

... the CBOE traders in the pit were saying 3 days closing above 12 in the VIX was confirmation of potential lasting fear in the market. Lasting fear for those traders is probably still a relatively short period and a small correction... but that was a couple of weeks ago and the 12 figure could be up or down half a point. At the current of ~10.83, we're obviously several days from 3 closes north of twelve. If I had to make an early call on the VIX this AM for the next few days, its shaping up to look like another buy the dip on the indices, rather than dead cat bounce like I was thinking it would be yesterday. Still to early to hang a hat on though.

 

[Birchtree]

Frankly. I'm simply gender confused this morning - I thought ayla was a Mrs.

 

[fedgolfer]

Frankly. I'm simply gender confused this morning - I thought ayla was a Mrs.

So did I. Sugar must have sent some persuasive PM jpgs.

 

[airlift]

I thought he was a Mr., but I suppose this will be clarified.

 

[The_Technician]

I'd like to hear someone's opionion in the trading pit. Hopefully an article or some news will hit regarding it before the IFT deadline.

I think we're going up for a few days....the VIX is down ...due to go up ...but so is the stochs....so I feel like we're going up from here....

 

[Birchtree]

Sometimes they do ring a bell. I'll take the opposite trade from Trader Fred.

 

[sugarandspice]

Frankly. I'm simply gender confused this morning - I thought ayla was a Mrs.

I guess it won't be as appealing to try and get "her" attention anymore.

 

[Birchtree]

Yes, it's unrequitted affectation. You do realize you bought the I fund on its' high of probably $22.45? Slippery slope ahead.

 

[350zCommTech]

Anybody else having problems with stockcharts.com? I can't seem to get any quotes.

 

[mlk_man]

I think we're going up for a few days....the VIX is down ...due to go up ...but so is the stochs....so I feel like we're going up from here....

Boy, now I"m REALLY confused...................................

http://www.tsptalk.com/mb/showpost.php?p=72720&postcount=633

 

[airlift]

I am not having any problems with stockcharts.com yet. Crossing fingers.

 

[nnuut]

Anybody else having problems with stockcharts.com? I can't seem to get any quotes.

Mine work!
http://stockcharts.com/h-sc/ui?s=$FTSE&p=D&yr=0&mn=9&dy=0&id=p41413033978

 

[sugarandspice]

Yes, it's unrequitted affectation. You do realize you bought the I fund on its' high of probably $22.45? Slippery slope ahead.

Yes as a matter of fact I do. And the beauty of it is that when it makes a few schekels tomorrow I can sell it just as easy.

 

[tsptalk]

Nice day for the bulls. So far none of the major indices have moved above yesterday's high, but they are getting close. Microsoft reports earnings after the close and we have the State of the Union Address tonight. Put on your seatbelts.

After yesterday's sell signal, the system is getting out of stocks today, which looks like a good day to get out. I'm just curious if today's strong action, which is reversing yesterday's weak action, will put that submodel J back into a buy signal?? I guess we'll find out tonight.

 

[Birchtree]

The NYSE Composite at 9206.92 +76.00 is at a new all-time high. And the Transports at 4851.93, +39.08 is starting to kick. Only about 5 points away on the Wilshire 5000 for its' own new all-time high. I don't think we are in a head fake situation like the internationals.

 

[weatherweenie]

SP500 back at 1430 resistance.

 

[Birchtree]

The latest S&P 500 recovery high was at 1431.90 - we'll probably break that today with any last hour buying. If not today, then tomorrow. The bull is loose.