Uptrend's Account Talk

[Uptrend]

Todays cube. S and I are topping, but still in play. I and F are still on a sell.

 

[Scout333]

Up, do you mean S and C are topping? With I and F on a sell.

 

[Uptrend]

Up, do you mean S and C are topping? With I and F on a sell.

Yes and today on the cube S sells. It was a nice almost 10% run since 12-07. Only C hangs on. I do expect a rip, selling and profit taking at some point. Contrarian sentiment is still on a sell, and we still have prices advancing on declining volume. Strength is starting to diminish. Don't be the bag holder.

 

[Uptrend]

The intermediate term trade is over, as C has now sold (to G). Short term F has turned green (buy) today. That works out well, because I like to be in the market when the month turns over if possible. This is because one has the option of trading to another fund or to G as Trade #1, while still having the option of coming back into the market for Trade #2 if in G.

Breadth has turned down today, which is a big change.

 

[Uptrend]

The cube is red except for short term F. Happy Trading.

 

[WorkFE]

Looking at the Sentiment Survey, the cube certainly throws a wrench in there.:nuts:
It is a weeks to months indicator though. hmmm

 

[Birchtree]

If it's obvious, it's obviously wrong.

 

[Uptrend]

Looking at the Sentiment Survey, the cube certainly throws a wrench in there.:nuts:
It is a weeks to months indicator though. hmmm

The sentiment indicator is not based on a survey; but rather on foward looking options data. Breadth is the story today, and Europe is a cover story. Breadth has turned down for the most part. Strength and volume have also hit my sell condition. F is the place to be today.

 

[Uptrend]

Cube for Tuesday. This is about the maximum amount of red you will ever see! My relationship charts tell me that the correction will likely be a multi-day correction. Also the strength of the US dollar (as measured by UUP) has been rising steeply the last several days, while the Euro has been sliding. The I fund took a large hit yesterday as a result. IMO, don't get too Gung-Ho, but take a more cautious approach.

 

[Uptrend]

Readout for today. The EFA (for I fund) is now nearing oversold, so we have an orange tag in the short term. However, the US dollar is still rising, so it might take a few more days time to turn, as momentum is still down. For SPX, a triangle could be forming. Volatility has increased in the last few sessions, which day traders like. The charts for the C and S funds still indicate more downside, but are somewhat inconclusive. So there you have it; a sideways market with some downside risk in the short term.

 

[Uptrend]

Todays readout. Bonds ok, all else on a sell. Looks like a classic topping pattern to me. That is; increased volatility where the dips are being bought because it worked before, but meanwhile the institutions are selling into it. I see some volume proof of that also. Happy trading.

 

[Uptrend]

This "melt up" is tricky and hard to follow with TA. The EFA (I fund) is warming up to a buy, but it is not for sure yet. Bonds may or may not turn down. and SPX (for C) and EMW (for S) are overbought in the short term. These two have been flipping back and forth from overbought to oversold in the short term almost daily. The Nasdaq QQQ's took off today to the upside, as they have been consolidating and lagging for the last month.

 

[Uptrend]

Report today. The US dollar has broke above a downtrend line on UUP, so I suspect we will have weakness going forward in equities for a little bit. Bonds should pick up, but instead they are weak today. Some say this is the great rotation, but I don't know. Apple is still moving up, but is becoming overbought, while the QQQ are nuetral to a little negative.

 

[Uptrend]

Here is Tuesday's read. Breadth in Nasdaq is stronger than NYSE. US dollar is getting overbought and the Euro oversold. Futures are down a little tonight.

 

[RealMoneyIssues]

Here is Tuesday's read. Breadth in Nasdaq is stronger than NYSE. US dollar is getting overbought and the Euro oversold. Futures are down a little tonight.

Back up now that the European markets are open. buy, buy, buy...

 

[Uptrend]

The I fund (EFA) is a short term buy today. We have an ADX cross as well and the US dollar meanwhile is declining which are some ingredients for a rise. The US markets continue to be overbought and SPX has now tagged the 1524 area. There could be a pullback at any time. Bonds are a sell.

 

[Uptrend]

Todays cube. Getting burned so far in I today. It was looking good and called an entry point yesterday. However, it moves around quite a bit and can recover, if the US dollar starts falling again. The big gap up on the dollar did not help matters.

 

[Uptrend]

Breadth has improved again. Perhaps we have not seen the top.

 

[Bquat]

Breadth has improved again. Perhaps we have not seen the top.

Yes and I'm ready for input. So wake up buddy.

 

[Uptrend]

Yes and I'm ready for input. So wake up buddy.

Sorry for the day delay. Had a prolonged weekend. Todays cube shows a buy for C,S and I. Note the wall of worry on the SPX chart and the support regions.