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fib_1618

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Reply with quote  #1 
Do note that the charts at Stock Charts are now all updated as of 5:00 am Pacific time today.

2014-06-11 16:00:02 [Message] fib_1618 -> Chat: good day
2014-06-11 16:00:07 [Message] fib_1618 -> Chat: how is everyone?
2014-06-11 16:00:29 [Message] rite01 -> Chat: Great
2014-06-11 16:00:34 [Message] fib_1618 -> Chat: you all set Mike?
2014-06-11 16:01:19 [Message] rite01 -> Chat: Not able to bring up charts
2014-06-11 16:01:30 [Message] fib_1618 -> Chat: over at stock charts?
2014-06-11 16:01:37 [Message] fib_1618 -> Chat: did you upload the list?
2014-06-11 16:01:51 [Message] rite01 -> Chat: Yes I have upgraded already
2014-06-11 16:02:05 [Message] fib_1618 -> Chat: and you found the DP list?
2014-06-11 16:02:47 [Message] rite01 -> Chat: Yes but could not find the one(s) you mentioned
2014-06-11 16:03:07 [Message] fib_1618 -> Chat: OK...I would suggest to go over the instructions again
2014-06-11 16:03:17 [Message] fib_1618 -> Chat: and if you're still having problems tomorrow
2014-06-11 16:03:21 [Message] fib_1618 -> Chat: we'll work on it
2014-06-11 16:03:40 [Message] fib_1618 -> Chat: OK..any questions or comments before we get started??
2014-06-11 16:04:12 [Message] rite01 -> Chat: did SC get fully updated?
2014-06-11 16:04:19 [Message] fib_1618 -> Chat: checking now
2014-06-11 16:05:04 [Message] fib_1618 -> Chat: no
2014-06-11 16:05:07 [Message] fib_1618 -> Chat: [frown]
2014-06-11 16:05:18 [Message] fib_1618 -> Chat: the traditional MCO and MCSUM are fine
2014-06-11 16:05:24 [Message] fib_1618 -> Chat: but the rest are a day behind
2014-06-11 16:05:31 [Message] fib_1618 -> Chat: and the sectors are 2 days behind now
2014-06-11 16:05:39 [Message] fib_1618 -> Chat: what to do...what to do??
2014-06-11 16:05:48 [Message] fib_1618 -> Chat: I'm open for suggestions
2014-06-11 16:05:57 [Message] fib_1618 -> Chat: let me send a note off the Carl...one moment
2014-06-11 16:07:48 [Message] fib_1618 -> Chat: OK...I sent off a note
2014-06-11 16:07:56 [Message] fib_1618 -> Chat: hopefully I'll get a quick answer
2014-06-11 16:07:59 [Message] fib_1618 -> Chat: in the meantime
2014-06-11 16:08:24 [Message] fib_1618 -> Chat: I wonder if the sector price charts are updated or not??
2014-06-11 16:08:27 [Message] fib_1618 -> Chat: one sec
2014-06-11 16:08:48 [Message] fib_1618 -> Chat: the cumulative charts are updated
2014-06-11 16:08:51 [Message] fib_1618 -> Chat: that's a good
2014-06-11 16:09:19 [Message] fib_1618 -> Chat: ummm...the raw data is...not the McClellan's
2014-06-11 16:09:52 [Message] fib_1618 -> Chat: oh boy
2014-06-11 16:09:56 [Message] fib_1618 -> Chat: I'm finding errors
2014-06-11 16:11:36 [Message] fib_1618 -> Chat: price charts are fine
2014-06-11 16:11:39 [Message] fib_1618 -> Chat: so let's do this
2014-06-11 16:11:59 [Message] fib_1618 -> Chat: lets go over chart patterns and sectors without the use of the internals
2014-06-11 16:12:03 [Message] rite01 -> Chat: Great!
2014-06-11 16:12:12 [Message] fib_1618 -> Chat: and see how everything is doing
2014-06-11 16:12:13 [Message] fib_1618 -> Chat: first off
2014-06-11 16:12:27 [Message] fib_1618 -> Chat: are there any price charts that anyone wishes to review?
2014-06-11 16:12:43 [Message] fib_1618 -> Chat: anything is game
2014-06-11 16:13:21 [Message] fib_1618 -> Chat: we had climactic behavior in the Dow today
2014-06-11 16:13:40 [Message] fib_1618 -> Chat: this is when you have at least 26 of the issues moving in one direction
2014-06-11 16:13:40 [Message] rite01 -> Chat: I just wish I knew enough to ask questions but that will come in time.
2014-06-11 16:13:47 [Message] fib_1618 -> Chat: in this case it was 26 down today
2014-06-11 16:13:53 [Message] fib_1618 -> Chat: that's fine
2014-06-11 16:14:00 [Message] fib_1618 -> Chat: hi Lew
2014-06-11 16:14:10 [Message] fib_1618 -> Chat: the breadth data is still not updated
2014-06-11 16:14:16 [Message] fib_1618 -> Chat: I just sent off a note to Carl
2014-06-11 16:14:16 [Message] thespookyone -> Chat: Hi, sorry, babysitting...
2014-06-11 16:14:18 [Message] fib_1618 -> Chat: in the meantime
2014-06-11 16:14:22 [Message] fib_1618 -> Chat: no problem
2014-06-11 16:14:32 [Message] fib_1618 -> Chat: the price charts are updated
2014-06-11 16:14:45 [Message] fib_1618 -> Chat: are there any specific charts that you may want to talk about?
2014-06-11 16:14:47 [Message] fib_1618 -> Chat: otherwise
2014-06-11 16:14:59 [Message] fib_1618 -> Chat: I'm going to just review the market the old fashioned way
2014-06-11 16:16:06 [Message] rite01 -> Chat: my first happy face [smile]
2014-06-11 16:16:07 [Message] fib_1618 -> Chat: we also had climactic behavior in the Transports today
2014-06-11 16:16:13 [Message] fib_1618 -> Chat: hehe
2014-06-11 16:16:25 [Message] fib_1618 -> Chat: OK...let's take a look around and see how the chart patterns look
2014-06-11 16:16:33 [Message] fib_1618 -> Chat: we'll start with the Dow Composite Index
2014-06-11 16:16:47 [Message] fib_1618 -> Chat: we remain in a rising trend
2014-06-11 16:16:52 [Message] fib_1618 -> Chat: and in a bullish configuration
2014-06-11 16:17:09 [Message] fib_1618 -> Chat: with the 20 day EMA leading the 50 day EMA and that's leading the 200 day EMA to the upside
2014-06-11 16:17:42 [Message] fib_1618 -> Chat: today's price decline put the pattern within the area of previous pattern support from last week
2014-06-11 16:17:50 [Message] fib_1618 -> Chat: so we'll call today a simple snapback
2014-06-11 16:18:05 [Message] fib_1618 -> Chat: volume was below average on the retest
2014-06-11 16:18:37 [Message] fib_1618 -> Chat: but according to the 8 day ADX
2014-06-11 16:18:44 [Message] fib_1618 -> Chat: which measures the strength of a trend
2014-06-11 16:18:59 [Message] fib_1618 -> Chat: we are now at levels where we can see trend exhaustion
2014-06-11 16:19:07 [Message] fib_1618 -> Chat: and that a near term correction pause can take place
2014-06-11 16:19:28 [Message] fib_1618 -> Chat: the good news for the buyers, however
2014-06-11 16:19:43 [Message] fib_1618 -> Chat: is that the 13 day ADX just gave a buy signal in the last 2 days
2014-06-11 16:19:56 [Message] fib_1618 -> Chat: so although we might see a one more day of rest here
2014-06-11 16:20:04 [Message] fib_1618 -> Chat: we should see higher price highs by Friday
2014-06-11 16:20:25 [Message] fib_1618 -> Chat: looking at the Dow Industrials
2014-06-11 16:21:00 [Message] fib_1618 -> Chat: and today's down day was the 3rd decline we've seen in the last 15 trading days
2014-06-11 16:21:15 [Message] fib_1618 -> Chat: so a pause here would be an reasonable expectation
2014-06-11 16:21:42 [Message] fib_1618 -> Chat: the 8 day ADX suggests that this trend is not close to being mature at this point
2014-06-11 16:21:59 [Message] fib_1618 -> Chat: and the 13 day ADX has yet to confirm a trend at this juncture
2014-06-11 16:22:21 [Message] fib_1618 -> Chat: daily volume remains bullish
2014-06-11 16:23:06 [Message] fib_1618 -> Chat: with advancing volume on up days and contracting volume on down days
2014-06-11 16:23:21 [Message] fib_1618 -> Chat: this is the signature of a solid advancing trend in progress
2014-06-11 16:25:08 [Message] fib_1618 -> Chat: the Dow Transports
2014-06-11 16:25:26 [Message] fib_1618 -> Chat: had a second consecutive day of declines
2014-06-11 16:25:34 [Message] fib_1618 -> Chat: with expanding volume noted today
2014-06-11 16:25:51 [Message] fib_1618 -> Chat: this is usually a sign of a exhaustion low in the pattern
2014-06-11 16:26:18 [Message] fib_1618 -> Chat: and the mid range close suggests that we should close higher on Thursday
2014-06-11 16:28:01 [Message] fib_1618 -> Chat: one sec...I have an answer from Carl
2014-06-11 16:28:04 [Message] fib_1618 -> Chat: brb
2014-06-11 16:30:14 [Message] fib_1618 -> Chat: OK...Carl is not getting too much info from Seattle
2014-06-11 16:30:39 [Message] fib_1618 -> Chat: they are trying to correct the problem, but there is no time line on when things will be "back to normal" at this juncture
2014-06-11 16:30:49 [Message] fib_1618 -> Chat: sigh
2014-06-11 16:30:56 [Message] fib_1618 -> Chat: so...we'll just go with the flow
2014-06-11 16:30:59 [Message] fib_1618 -> Chat: that's all we can do
2014-06-11 16:31:19 [Message] fib_1618 -> Chat: moving to the Dow Utilities
2014-06-11 16:31:30 [Message] fib_1618 -> Chat: and they go hammered today
2014-06-11 16:31:36 [Message] fib_1618 -> Chat: closing below the 50 day EMA
2014-06-11 16:31:48 [Message] fib_1618 -> Chat: and did so on expanding volume
2014-06-11 16:31:53 [Message] fib_1618 -> Chat: unlike we saw in the Transports, this is not a good thing near term
2014-06-11 16:32:11 [Message] fib_1618 -> Chat: as the price bar sliced through the 20 day EMA in reaching the 50 day EMA
2014-06-11 16:32:24 [Message] fib_1618 -> Chat: my guess is that if we had the data for the XLU
2014-06-11 16:32:33 [Message] fib_1618 -> Chat: we would see a sell signal in the MCO
2014-06-11 16:32:45 [Message] fib_1618 -> Chat: but with the XLU breadth MCSUM above its zero line
2014-06-11 16:32:55 [Message] fib_1618 -> Chat: the price pattern right now would likely move sideways
2014-06-11 16:32:58 [Message] fib_1618 -> Chat: also of note
2014-06-11 16:33:09 [Message] fib_1618 -> Chat: that from last weekend's weekly breadth review
2014-06-11 16:33:36 [Message] fib_1618 -> Chat: we saw that both the NYSE Bond CEF and the NYSE Preferred stock advance/decline lines have been pausing now for the last 2 weeks
2014-06-11 16:33:46 [Message] fib_1618 -> Chat: though both remained above their longer term rising bottoms line
2014-06-11 16:34:16 [Message] fib_1618 -> Chat: my guess then is that the NYSE Composite breadth MCO has probably snapped back to its zero line now
2014-06-11 16:34:21 [Message] fib_1618 -> Chat: in fact
2014-06-11 16:34:29 [Message] fib_1618 -> Chat: I think we have that data...let me check
2014-06-11 16:35:10 [Message] fib_1618 -> Chat: yes, on the traditional, today's reading is ZERO
2014-06-11 16:35:34 [Message] fib_1618 -> Chat: we do, however, continue to maintain a pattern of bottoms above bottoms in the pattern structure
2014-06-11 16:35:58 [Message] fib_1618 -> Chat: and with the MCO components well above their zero lines right now
2014-06-11 16:36:15 [Message] fib_1618 -> Chat: and the 10% Component snapping down to the 5% component
2014-06-11 16:36:24 [Message] fib_1618 -> Chat: the expectation for Thursday is for a technical bounce higher
2014-06-11 16:36:56 [Message] fib_1618 -> Chat: the NYSE Composite breadth MCSUM is also within range of its March highs now
2014-06-11 16:37:44 [Message] fib_1618 -> Chat: with a reading of around +4000...which would be around the +1000 level on our ratio adjusted version that we usually work with here in the room
2014-06-11 16:38:01 [Message] fib_1618 -> Chat: so...if we do fail to bounce higher tomorrow
2014-06-11 16:38:33 [Message] fib_1618 -> Chat: it's a pretty good bet that this same +1000 level in the MCSUM is providing the natural resistance that we're bound to see
2014-06-11 16:38:44 [Message] fib_1618 -> Chat: let's see if we can get anything else to work with
2014-06-11 16:40:03 [Message] fib_1618 -> Chat: sorry...Carl was asking me a question
2014-06-11 16:40:05 [Message] fib_1618 -> Chat: one sec
2014-06-11 16:40:27 [Message] fib_1618 -> Chat: OK...let's move on
2014-06-11 16:40:33 [Message] fib_1618 -> Chat: moving to agriculture
2014-06-11 16:40:42 [Message] fib_1618 -> Chat: $GKX
2014-06-11 16:40:59 [Message] fib_1618 -> Chat: you will see that we have a waterfall decline going on right now with this index
2014-06-11 16:41:00 [Message] fib_1618 -> Chat: in fact
2014-06-11 16:41:35 [Message] fib_1618 -> Chat: this chart is down 17% in a month!
2014-06-11 16:41:38 [Message] fib_1618 -> Chat: that would be a crash
2014-06-11 16:42:22 [Message] fib_1618 -> Chat: wonder why?
2014-06-11 16:42:47 [Message] fib_1618 -> Chat: maybe the air has been let out of the balloon because of the drought here on the coast?
2014-06-11 16:43:31 [Message] fib_1618 -> Chat: anyway
2014-06-11 16:43:43 [Message] fib_1618 -> Chat: the ADX suggests that we are close to some sort of trend exhaustion there
2014-06-11 16:44:18 [Message] fib_1618 -> Chat: the Airlines chart looks like the Transports
2014-06-11 16:44:34 [Message] fib_1618 -> Chat: so this is probably the sector that is moving the Dow Transports here
2014-06-11 16:44:38 [Message] fib_1618 -> Chat: yep
2014-06-11 16:44:43 [Message] fib_1618 -> Chat: United was down 5% today
2014-06-11 16:45:22 [Message] fib_1618 -> Chat: Banking sector is up 7% in 3 weeks
2014-06-11 16:45:26 [Message] fib_1618 -> Chat: and taking a pause there
2014-06-11 16:45:51 [Message] fib_1618 -> Chat: but that's not surprising given the data we saw last week in the XLF
2014-06-11 16:46:05 [Message] fib_1618 -> Chat: Biotech continues to firm
2014-06-11 16:46:41 [Message] fib_1618 -> Chat: now up 11% in less than a month
2014-06-11 16:46:52 [Message] fib_1618 -> Chat: and driving the NDX higher it would seem
2014-06-11 16:47:10 [Message] fib_1618 -> Chat: Chemicals remain strong
2014-06-11 16:47:41 [Message] fib_1618 -> Chat: Computer Disk Drives now up against solid resistance at the 200 EMA
2014-06-11 16:48:03 [Message] fib_1618 -> Chat: Computer Hardware continues to struggle higher
2014-06-11 16:48:29 [Message] fib_1618 -> Chat: but it's up 7% in 3 weeks...that's nothing to sneeze at
2014-06-11 16:49:05 [Message] fib_1618 -> Chat: the SOX hasn't had a down close in 15 days
2014-06-11 16:49:31 [Message] fib_1618 -> Chat: and it has now reached its upside price target of 620 from its symmetrical triangle breakout of 3 weeks ago
2014-06-11 16:49:55 [Message] fib_1618 -> Chat: computer technology is very strong here
2014-06-11 16:50:02 [Message] fib_1618 -> Chat: XCI
2014-06-11 16:50:24 [Message] fib_1618 -> Chat: up 7% in the last 3 weeks
2014-06-11 16:50:37 [Message] fib_1618 -> Chat: with a nice price pattern structure
2014-06-11 16:50:48 [Message] fib_1618 -> Chat: Cyclicals remain strong
2014-06-11 16:51:04 [Message] fib_1618 -> Chat: we saw this strength in the internals last Thursday in the XLY data
2014-06-11 16:51:30 [Message] fib_1618 -> Chat: Natural Gas continues to trend higher
2014-06-11 16:51:35 [Message] fib_1618 -> Chat: XNG
2014-06-11 16:51:47 [Message] fib_1618 -> Chat: Oil is very strong here
2014-06-11 16:51:49 [Message] fib_1618 -> Chat: in fact
2014-06-11 16:51:53 [Message] fib_1618 -> Chat: let me check something
2014-06-11 16:52:21 [Message] fib_1618 -> Chat: the XOI closed at new all time highs today
2014-06-11 16:52:36 [Message] fib_1618 -> Chat: and is now about 10 points away from its all time intraday highs
2014-06-11 16:52:53 [Message] fib_1618 -> Chat: and it's the leading sector right now in the SPX
2014-06-11 16:53:13 [Message] fib_1618 -> Chat: ADX is suggesting a strong trend in progress
2014-06-11 16:53:21 [Message] fib_1618 -> Chat: no signs of exhaustion there
2014-06-11 16:53:27 [Message] fib_1618 -> Chat: let me check the XLE
2014-06-11 16:53:55 [Message] fib_1618 -> Chat: closed at 97.17...almost to our $100 price objective given a couple of months ago
2014-06-11 16:54:32 [Message] fib_1618 -> Chat: almost all of the energy sector is bullish right now with the exception of clean energy
2014-06-11 16:55:00 [Message] fib_1618 -> Chat: ahhh...good news for the gold bulls
2014-06-11 16:55:11 [Message] rite01 -> Chat: Great!
2014-06-11 16:55:13 [Message] fib_1618 -> Chat: the XAU has finally moved back above its 20 day EMA for the first time since...
2014-06-11 16:55:27 [Message] fib_1618 -> Chat: early April
2014-06-11 16:55:43 [Message] fib_1618 -> Chat: and it closed right on the 50 day EMA
2014-06-11 16:55:50 [Message] fib_1618 -> Chat: breadth has been OK the last couple of days
2014-06-11 16:55:56 [Message] fib_1618 -> Chat: it was great on Tuesday
2014-06-11 16:55:59 [Message] fib_1618 -> Chat: poor on Monday
2014-06-11 16:56:04 [Message] fib_1618 -> Chat: let me check today's numbers
2014-06-11 16:56:40 [Message] fib_1618 -> Chat: 26 up, 3 down, 1 unchanged on the Yahoo 30
2014-06-11 16:56:52 [Message] fib_1618 -> Chat: so we're getting some better character there
2014-06-11 16:57:16 [Message] fib_1618 -> Chat: but it will still be a while before a good internal platform will be built for this sector
2014-06-11 16:57:18 [Message] fib_1618 -> Chat: patience there
2014-06-11 16:57:30 [Message] fib_1618 -> Chat: yea...
2014-06-11 16:57:40 [Message] fib_1618 -> Chat: the HUI is lagging here
2014-06-11 16:57:46 [Message] fib_1618 -> Chat: it's going to be a while yet
2014-06-11 16:58:07 [Message] fib_1618 -> Chat: housing had a good couple of weeks
2014-06-11 16:58:26 [Message] fib_1618 -> Chat: up 7% in that time
2014-06-11 16:58:42 [Message] fib_1618 -> Chat: boy..that 7% number keeps coming up a lot, huh?
2014-06-11 16:58:57 [Message] fib_1618 -> Chat: Insurance looks good
2014-06-11 16:59:09 [Message] fib_1618 -> Chat: networking is on the cusp
2014-06-11 16:59:32 [Message] fib_1618 -> Chat: and retail is back into a bullish configuration
2014-06-11 16:59:48 [Message] fib_1618 -> Chat: might be a double bottom there
2014-06-11 16:59:58 [Message] fib_1618 -> Chat: so let's start watching the retail stocks
2014-06-11 17:00:05 [Message] fib_1618 -> Chat: let me check to see which ones are leading here
2014-06-11 17:00:07 [Message] fib_1618 -> Chat: one sec
2014-06-11 17:00:50 [Message] fib_1618 -> Chat: Walgreen's
2014-06-11 17:00:53 [Message] fib_1618 -> Chat: Super Value
2014-06-11 17:01:27 [Message] fib_1618 -> Chat: Best Buy...but I would wait for a better chart pattern to work with there
2014-06-11 17:01:50 [Message] fib_1618 -> Chat: got to tell you
2014-06-11 17:01:59 [Message] fib_1618 -> Chat: the chart patterns in the retail sector look like poo poo
2014-06-11 17:02:02 [Message] fib_1618 -> Chat: btw
2014-06-11 17:02:16 [Message] fib_1618 -> Chat: anyone want to guess when Radio Shack calls it quits?
2014-06-11 17:02:41 [Message] fib_1618 -> Chat: trading now at $1.28
2014-06-11 17:03:00 [Message] fib_1618 -> Chat: and not looking like it's going to pull up here
2014-06-11 17:03:04 [Message] fib_1618 -> Chat: too bad...
2014-06-11 17:03:49 [Message] fib_1618 -> Chat: telecommunications looks a bit flat here after moving up for the last 2 months
2014-06-11 17:04:22 [Message] fib_1618 -> Chat: yes...Biotech looks like a buy here
2014-06-11 17:04:38 [Message] fib_1618 -> Chat: BIK is looking real good here
2014-06-11 17:05:00 [Message] fib_1618 -> Chat: and that should be good news for the emerging markets
2014-06-11 17:05:15 [Message] fib_1618 -> Chat: China continues to fight the bad data here
2014-06-11 17:05:21 [Message] fib_1618 -> Chat: might be something to watch now
2014-06-11 17:05:47 [Message] rite01 -> Chat:  what make biotech look like a buy
2014-06-11 17:06:04 [Message] fib_1618 -> Chat: I would have to check...one moment
2014-06-11 17:06:38 [Message] fib_1618 -> Chat: Mannkind
2014-06-11 17:06:57 [Message] fib_1618 -> Chat: Repligen
2014-06-11 17:07:18 [Message] rite01 -> Chat: Thanks
2014-06-11 17:07:31 [Message] fib_1618 -> Chat: there are many others
2014-06-11 17:07:42 [Message] fib_1618 -> Chat: you can do a scan for it in the Stock charts
2014-06-11 17:08:07 [Message] fib_1618 -> Chat: EFA remains strong
2014-06-11 17:08:39 [Message] fib_1618 -> Chat: now up almost 9% in 2 months
2014-06-11 17:08:54 [Message] fib_1618 -> Chat: China..
2014-06-11 17:08:56 [Message] fib_1618 -> Chat: (again)
2014-06-11 17:09:08 [Message] fib_1618 -> Chat: since China hasn't really participated since the 2009 lows
2014-06-11 17:09:24 [Message] fib_1618 -> Chat: this could be a nugget worth investigating here
2014-06-11 17:09:49 [Message] fib_1618 -> Chat: GLD looks pitiful
2014-06-11 17:10:04 [Message] fib_1618 -> Chat: stay away from this asset class for now
2014-06-11 17:10:12 [Message] fib_1618 -> Chat: it's only a bear market rally here
2014-06-11 17:10:42 [Message] fib_1618 -> Chat: Industrials are very strong now
2014-06-11 17:10:55 [Message] fib_1618 -> Chat: and that's good news for the Dow Industrials and the Dow Transports
2014-06-11 17:11:07 [Message] fib_1618 -> Chat: Materials remain solid
2014-06-11 17:11:23 [Message] fib_1618 -> Chat: GAF is a bit soft here
2014-06-11 17:11:35 [Message] fib_1618 -> Chat: so of the three "multi country" funds
2014-06-11 17:12:02 [Message] fib_1618 -> Chat: BIK looks the best
2014-06-11 17:12:42 [Message] fib_1618 -> Chat: strong uptrend in natural resources
2014-06-11 17:12:46 [Message] fib_1618 -> Chat: IGE
2014-06-11 17:13:04 [Message] fib_1618 -> Chat: REITS continue to do well...
2014-06-11 17:13:08 [Message] fib_1618 -> Chat: slow and sure there
2014-06-11 17:13:18 [Message] fib_1618 -> Chat: with a 15% dividend while you wait
2014-06-11 17:13:20 [Message] fib_1618 -> Chat: REM
2014-06-11 17:14:04 [Message] fib_1618 -> Chat: silver looks weak
2014-06-11 17:14:30 [Message] fib_1618 -> Chat: for those who didn't see it
2014-06-11 17:14:46 [Message] fib_1618 -> Chat: the DAX closed above the 10,000 level over the last couple of days
2014-06-11 17:14:51 [Message] fib_1618 -> Chat: it was down back below it today
2014-06-11 17:15:08 [Message] fib_1618 -> Chat: let's see how the other global markets are doing
2014-06-11 17:15:29 [Message] fib_1618 -> Chat: good strength in Brazil
2014-06-11 17:15:43 [Message] fib_1618 -> Chat: Canada remains very strong here
2014-06-11 17:16:00 [Message] fib_1618 -> Chat: not surprising given the TSX internals for the last several months
2014-06-11 17:16:23 [Message] fib_1618 -> Chat: did I say that China is looking good here?
2014-06-11 17:16:25 [Message] fib_1618 -> Chat: [smile]
2014-06-11 17:16:43 [Message] fib_1618 -> Chat: EEM - emerging markets...continue to trend higher
2014-06-11 17:16:45 [Message] fib_1618 -> Chat: and the kicker there
2014-06-11 17:17:07 [Message] fib_1618 -> Chat: is that it just broke above a very large symmetrical triangle to the upside last week
2014-06-11 17:17:24 [Message] fib_1618 -> Chat: let me see if I can come up with an upside target there
2014-06-11 17:18:07 [Message] fib_1618 -> Chat: looks like about 55
2014-06-11 17:18:21 [Message] fib_1618 -> Chat: closed today at 43.80
2014-06-11 17:18:37 [Message] fib_1618 -> Chat: so about 20% higher from here
2014-06-11 17:18:50 [Message] rite01 -> Chat: Wow
2014-06-11 17:18:56 [Message] fib_1618 -> Chat: all of Europe continues to trend higher
2014-06-11 17:19:09 [Message] fib_1618 -> Chat: France remains strong
2014-06-11 17:19:26 [Message] fib_1618 -> Chat: Italy
2014-06-11 17:19:44 [Message] fib_1618 -> Chat: Japan is gaining traction now
2014-06-11 17:19:45 [Message] fib_1618 -> Chat: in fact
2014-06-11 17:19:56 [Message] fib_1618 -> Chat: all of Asia is starting to turnaround here
2014-06-11 17:19:59 [Message] fib_1618 -> Chat: first time this year
2014-06-11 17:20:09 [Message] fib_1618 -> Chat: Latin America...
2014-06-11 17:20:44 [Message] fib_1618 -> Chat: Spain
2014-06-11 17:20:55 [Message] fib_1618 -> Chat: interesting
2014-06-11 17:21:12 [Message] fib_1618 -> Chat: that the ones in Europe that are leading the rest just happen to be PIIGS related
2014-06-11 17:21:33 [Message] fib_1618 -> Chat: I guess having negative interest rates is a good thing for countries that are broke [smile]
2014-06-11 17:22:11 [Message] rite01 -> Chat: you betcha
2014-06-11 17:23:13 [Message] fib_1618 -> Chat: interest rates are moving net sideways now
2014-06-11 17:23:34 [Message] fib_1618 -> Chat: my guess is that there's selling going on right now in the interest rate sensitive issues
2014-06-11 17:23:41 [Message] fib_1618 -> Chat: we'll know more this weekend
2014-06-11 17:24:14 [Message] fib_1618 -> Chat: AXP is flying of late
2014-06-11 17:24:36 [Message] fib_1618 -> Chat: up 7% in 2 weeks
2014-06-11 17:25:05 [Message] fib_1618 -> Chat: Discover is doing well also
2014-06-11 17:25:47 [Message] fib_1618 -> Chat: wow
2014-06-11 17:25:56 [Message] fib_1618 -> Chat: Travelers is up 13% in 2 months
2014-06-11 17:26:17 [Message] fib_1618 -> Chat: Wells Fargo is also looking great here
2014-06-11 17:26:42 [Message] fib_1618 -> Chat: up a whopping 17% in 2 months
2014-06-11 17:27:24 [Message] fib_1618 -> Chat: and that's about it
2014-06-11 17:27:28 [Message] fib_1618 -> Chat: anything else?
2014-06-11 17:27:58 [Message] unc1998 -> Chat: can you look at a chart of general dynamics, GD, in the defense sector?
2014-06-11 17:28:25 [Message] fib_1618 -> Chat: absolutely
2014-06-11 17:28:27 [Message] fib_1618 -> Chat: one moment
2014-06-11 17:28:33 [Message] unc1998 -> Chat: thanks!
2014-06-11 17:28:47 [Message] fib_1618 -> Chat: [smile]
2014-06-11 17:28:54 [Message] fib_1618 -> Chat: are you in...what price??
2014-06-11 17:29:22 [Message] unc1998 -> Chat: i actually don't own any but I have family members who are in from the 50's
2014-06-11 17:29:35 [Message] fib_1618 -> Chat: hold
2014-06-11 17:29:38 [Message] fib_1618 -> Chat: it's a rocket
2014-06-11 17:29:46 [Message] fib_1618 -> Chat: let me look at the longer term chart
2014-06-11 17:30:14 [Message] unc1998 -> Chat: they asked my opinion a few months ago and I said don't sell until it hit 120....well here we are
2014-06-11 17:30:23 [Message] fib_1618 -> Chat: do they get nose bleeds easily?
2014-06-11 17:30:27 [Message] fib_1618 -> Chat: [smile]
2014-06-11 17:30:33 [Message] unc1998 -> Chat: not too bad lol
2014-06-11 17:30:37 [Message] fib_1618 -> Chat: OK
2014-06-11 17:30:49 [Message] fib_1618 -> Chat: do they chart at all...or are you their "go to" guy here?
2014-06-11 17:31:04 [Message] unc1998 -> Chat: umm no they don't chart
2014-06-11 17:31:29 [Message] fib_1618 -> Chat: OK...have you worked with the Parabolic Stop and Reverse indicator before?
2014-06-11 17:31:55 [Message] unc1998 -> Chat: parabolic sar?  yes
2014-06-11 17:31:57 [Message] fib_1618 -> Chat: yes
2014-06-11 17:31:59 [Message] fib_1618 -> Chat: OK...
2014-06-11 17:32:03 [Message] fib_1618 -> Chat: here's what I would suggest
2014-06-11 17:32:16 [Message] fib_1618 -> Chat: let it ride as long as the flow of money remains friendly
2014-06-11 17:32:28 [Message] fib_1618 -> Chat: and with the pattern literally going parabolic on the longer term charts
2014-06-11 17:32:40 [Message] fib_1618 -> Chat: you can use that indicator to lighten up IF
2014-06-11 17:32:50 [Message] fib_1618 -> Chat: the flow starts to slacken off or reverses
2014-06-11 17:33:00 [Message] fib_1618 -> Chat: there's nothing here that says sell
2014-06-11 17:33:16 [Message] fib_1618 -> Chat: the current trend though is tiring
2014-06-11 17:33:21 [Message] fib_1618 -> Chat: but the longer term is fine
2014-06-11 17:33:34 [Message] unc1998 -> Chat: cool...thanks!
2014-06-11 17:33:52 [Message] fib_1618 -> Chat: SAR is right now at 118.90
2014-06-11 17:33:58 [Message] fib_1618 -> Chat: but the 20 day EMA is below that and the 50 day below that which will lend pattern support
2014-06-11 17:34:13 [Message] fib_1618 -> Chat: I wouldn't worry until both of those EMA's are broken
2014-06-11 17:34:19 [Message] fib_1618 -> Chat: just let it ride for now
2014-06-11 17:34:29 [Message] fib_1618 -> Chat: besides
2014-06-11 17:34:44 [Message] fib_1618 -> Chat: the defense sector is in a bullish configuration for now
2014-06-11 17:34:56 [Message] fib_1618 -> Chat: let me check the momentum there
2014-06-11 17:35:30 [Message] fib_1618 -> Chat: you know the 60/30/10 rule?
2014-06-11 17:35:53 [Message] unc1998 -> Chat: not sure...don't think so
2014-06-11 17:35:54 [Message] fib_1618 -> Chat: if the market is friendly...and you move long...you have a 60% chance of making money
2014-06-11 17:36:14 [Message] fib_1618 -> Chat: if you pick the leading sector in a friendly market...you have a 90% chance of making money
2014-06-11 17:36:38 [Message] unc1998 -> Chat: ah yes...the strongest stocks in the strongest sector
2014-06-11 17:36:40 [Message] fib_1618 -> Chat: and if you pick the leading stock in the leading sector in a friendly market...you have a 100% chance of making money
2014-06-11 17:36:45 [Message] fib_1618 -> Chat: guess what?
2014-06-11 17:36:56 [Message] fib_1618 -> Chat: GD is the leading stock in the defense sector at this time!
2014-06-11 17:37:19 [Message] fib_1618 -> Chat: L3 Communications is second
2014-06-11 17:37:34 [Message] unc1998 -> Chat: yep lll is doing fine too
2014-06-11 17:37:38 [Message] unc1998 -> Chat: L3
2014-06-11 17:37:56 [Message] fib_1618 -> Chat: the rest of the top 5 are
2014-06-11 17:38:03 [Message] fib_1618 -> Chat: BA
2014-06-11 17:38:12 [Message] fib_1618 -> Chat: EMBRAER
2014-06-11 17:38:37 [Message] fib_1618 -> Chat: and Esterline...followed closely by Gencorp
2014-06-11 17:39:01 [Message] fib_1618 -> Chat: congratulations to those who are in it
2014-06-11 17:39:08 [Message] fib_1618 -> Chat: maybe they'll buy you an island?
2014-06-11 17:39:10 [Message] fib_1618 -> Chat: [smile]
2014-06-11 17:39:18 [Message] unc1998 -> Chat: lol
2014-06-11 17:39:23 [Message] fib_1618 -> Chat: anything else?
2014-06-11 17:39:26 [Message] unc1998 -> Chat: I'll settle for dinner
2014-06-11 17:39:39 [Message] fib_1618 -> Chat: what? McDonald's?
2014-06-11 17:39:48 [Message] rite01 -> Chat: sound good
2014-06-11 17:39:54 [Message] fib_1618 -> Chat: you're too easy
2014-06-11 17:39:58 [Message] fib_1618 -> Chat: you must like them
2014-06-11 17:39:59 [Message] fib_1618 -> Chat: [smile]
2014-06-11 17:40:07 [Message] unc1998 -> Chat: i think more like Angus Barn hehe
2014-06-11 17:40:14 [Message] fib_1618 -> Chat: there you go
2014-06-11 17:40:17 [Message] fib_1618 -> Chat: or Morton's
2014-06-11 17:40:21 [Message] rite01 -> Chat: [smile] [smile]
2014-06-11 17:40:29 [Message] fib_1618 -> Chat: or Cris Steakhouse
2014-06-11 17:40:45 [Message] unc1998 -> Chat: yep i would be happy with any of those choices!
2014-06-11 17:40:51 [Message] fib_1618 -> Chat: [smile]
2014-06-11 17:41:05 [Message] fib_1618 -> Chat: let me see if I have any further answers from Carl...one moment
2014-06-11 17:43:09 [Message] fib_1618 -> Chat: OK...just found out that SC does not have the capability to give us the daily changes on the MCO's
2014-06-11 17:43:21 [Message] fib_1618 -> Chat: so we'll have to keep a running total...I'll take care of it here
2014-06-11 17:43:30 [Message] fib_1618 -> Chat: OK...anything else?
2014-06-11 17:44:30 [Message] rite01 -> Chat: Nope. Tomorrow then?
2014-06-11 17:44:50 [Message] fib_1618 -> Chat: Yep...usual time and place on Thursday
2014-06-11 17:44:52 [Message] fib_1618 -> Chat: until then
2014-06-11 17:44:58 [Message] fib_1618 -> Chat: everyone have a great evening
2014-06-11 17:45:08 [Message] fib_1618 -> Chat: and we'll to this all again in less than 22 hours
2014-06-11 17:45:09 [Message] unc1998 -> Chat: you too
2014-06-11 17:45:12 [Message] fib_1618 -> Chat: good night
2014-06-11 17:45:28 [Message] rite01 -> Chat:  night

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