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Snap Back Tuesday Wrap Up
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Snap Back Tuesday Wrap Up

by The MoleJuly 19, 2011

Here’s today’s session wrap up – without comments as I’m swamped with another project:

I think the tape was fairly obvious though – generally a supportive signal on the ZL. Let’s call this a good start – we need to see some follow through tomorrow.

Cheers,

Mole


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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  • http://practicalt.blogspot.com/ Gold_Gerb

    First.

    now this is interesting.
    http://stockcharts.com/h-sc/ui?s=$BPSPX&p=D&yr=0&mn=6&dy=0&id=p84652413203

    how can the BP be down and the SPX up?
    A) BP lags
    B) price is a lying sack of sh!t
    C) all of the above.

  • Anonymous

    Mole – please update the daily Zero.

  • https://evilspeculator.com molecool

    Price is ALWAYS ALWAYS right.

  • Schwerepunkt

    Then again, could be “distribution.” 

  • Anonymous

    If you take a step back and look at a few years back:

    http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=6&mn=0&dy=0&id=p77674270965

    You may see what I see…

    Where is POMO again?

  • Anonymous

    can you take a picture?

  • Schwerepunkt

    Nice chart, but what is it you see? I notice the percent of stocks above their 200 is falling. I know Mole places a lot of weight with that one as it usually presages a big market drop if it goes below 70, which it has.

  • Anonymous

    U don’t see the link?

  • Anonymous

    I see that the market need QE3 right now to bring this market into an uptrend and touch the top BB again.

    Notwithstanding Copper and NASDAQ bullishness, Financials are weighting down like a dead body, and MACD is still pointing down. Of course there is Mole’s SPX A200R that is still below 70.

    We haven’t had enough drama yet on the debt ceiling thingy. Tea party reps need to show some homework back home.

  • Anonymous

    I tried again, and it worked now. Thanks.

  • http://practicalt.blogspot.com/ Gold_Gerb

    let’s step way back…
    chart’s a little small. you get the jist.

    http://www.financialsense.com/sites/default/files/users/u567/images/2011/DJIA-1907-2011.gif

  • http://practicalt.blogspot.com/ Gold_Gerb

    (GG coughs)
    *Bullish Percent chart*
    (cough cough)

  • http://pulse.yahoo.com/_S4G4E3FFJYUJSPL4TM2JWMSCDQ John

    can somebody tell me what indicator the A200R is? Thanks

  • http://practicalt.blogspot.com/ Gold_Gerb

    Apple cures cancer – news at 11:00

    http://practicalt.blogspot.com/2011/07/apple-tv.html

    Market open in 45..

  • Anonymous

    DAX not buying in on this rally. Should be an interesting day.

  • Anonymous

    I was just thinking the same thing about the DZ.

  • Anonymous

    Very nice chart Joe.  Interesting that copper and NDX are very tight.  XLF is the scary one.

  • Kudos

    Dax might not be, but german yields, italian yields and spanish yields are. look at the spreads compress.

  • Schwerepunkt

    The percent of SPX stocks trading above their 200-day moving average. 

  • nyse

    Good one.

  • raised_by_wolves
  • http://practicalt.blogspot.com/ Gold_Gerb

    no.
    only cinnamon and cumin.

    😉

  • http://practicalt.blogspot.com/ Gold_Gerb

    it’s a stretch, a few more days for confirmation.
    Aug 2, hmmm sounds familiar!

    http://tinypic.com/r/309rnm8/7

  • Anonymous

    Mole – is HS running?  No trades lately.

  • http://practicalt.blogspot.com/ Gold_Gerb

    I thought it was a nice Moto bike
    😉

    http://www.vustv.com/DWFMB7FxW9Mfr

  • raised_by_wolves

    I’ve got plenty cinnamon and cumin. I’ve ran out of nutmeg though. 😉

  • Anonymous

    Nutmeg on French Toast…try it!

  • raised_by_wolves
  • raised_by_wolves
  • raised_by_wolves

    Yum! I haven’t had French Toast since . . . the revolution.

  • raised_by_wolves

    Shorting this bitch.

  • Anonymous

    When I look at that chart, my brain says Parabolic SAR. http://screencast.com/t/WKWOxLyF8HU

  • raised_by_wolves

    And, therefore susceptible to whipsaws, eh?

  • https://evilspeculator.com molecool

    Everyone: Please stop asking me that.

  • https://evilspeculator.com molecool

    You look familiar…

  • nyse

    Please let us know when it is back up and running.

  • nyse

    (just being obnoxious/kidding)

  • raised_by_wolves

    How could you forget me? I’m the one that keyed your car!

  • Anonymous

    That’s the spirit! 

  • raised_by_wolves

    Here’s an example of a situation I like, namely net line buy signal failure:

    http://content.screencast.com/users/raised_by_wolves/folders/Jing/media/c3c5e37d-3bcf-40f3-bb76-b6c4b91d0107/00003531.png

    Is it backtest-able?

  • raised_by_wolves

    Fucking copper/dollar ratio just dropped off my screen.

    http://content.screencast.com/users/raised_by_wolves/folders/Jing/media/e5a3b2b2-051c-44c7-9d16-1cdb2cacdf00/00003532.png

    Fade the SPX 1-min chart rally if you ask me. If one is inclined to go long at any point today, forget SPX and try silver, I say.

  • Anonymous

    I never try to be annoying.  I had not noticed that anyone had asked lately and I thought I had kept up on the comments.  If I am ever to pay for HS I need to get a good for how it behaves and right now I don’t know if it is on or off due to you working on it.  Sorry if I bugged you.  I’ll just shut up now.

  • Kudos

    Today just seems like your average consolidation day after a big trend day. Boring

  • Anonymous

    Your as exactly right, noticed copper heading south last evening.

  • raised_by_wolves

    [Lead pipe to head].

  • raised_by_wolves
  • raised_by_wolves

    Legged into verticals. Drank some cheap Scotch. Tried to write some code. Going back to bed. 🙂

  • Anonymous

    News in Europe this morning for more bailout “ideas”.  German is the one holding the purse right now. Unlike US, we are it. But the Europeans get to have their neighbors pay their debt. Kinda like you and I paying neighbor’s mortgage, which has been happening…

  • Anonymous

    Bought SSO AUG $52 puts @ $1.40. Methinks 1,330 will be tough to break.

  • https://evilspeculator.com molecool

    Sorry, didn’t mean to snap at you. Unless you guys hear otherwise it’s running of course. If not I’ll send out an email. Seems like it doesn’t like the tap thus far – but you never know!

  • https://evilspeculator.com molecool

    I haven’t banned anyone lately – am I getting too nice?

  • volar

    selling puts on food stamps here

  • volar

    selling puts on food stamps here

  • Anonymous

    That’s a good idea.  

    GG had a news bulletin out this morning about Apple curing Cancer.  I think in the Future all Food Stamps will be issued by The First National Bank of Apple.

    I realize that this is all nonsense but the market is eroding my brain.  I just have to keep telling myself over and over again that the recovery is working, QE is a success, the recovery is working, QE is a success, the recovery is working, QE is a success, the recovery is working, QE is a success, the recovery is working, QE is a success, the recovery is working, QE is a success. . .

    BTW, I now have a Real Excell Program and can read and work with your Macros.  I’ll be experimenting as soon as some of my brain cells are rejuvenated.  🙂

  • nyse

    Steppin your game up, I like it!

  • Anonymous

    By failure, you mean that there was a tail that traversed (went above) the (buy) netline, but the body did not traverse the netline (stayed below)? What is the exit signal?

  • https://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸  N E W  „ø¤º°¨
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

    Tons of valuable charts – make sure you see those before the session closes.

  • https://evilspeculator.com molecool

    You finally found a crack for Excel? 😉