timwest
Short

HYG suggests a drop in SPY - Note all previous instances

AMEX:SPY   SPDR S&P 500 ETF
621 16 13
HYG             is High Yield Corp Bonds:

The HYG             peak to trough is drawn first, then the SPY             box is drawn.

Note how this drop in HYG             doesn't have much of a corresponding drop in SPY             .

This spells trouble. Get short when breaking under previous day's lows.

Tim 4:07PM EST 9/11/2014
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Very interesting! thx for the heads up.
+1 Reply
Really interesting correlation. I'm already expecting a drop based one the long-term SPY chart alone.

Where's the drop? ;-)
http://www.youtube.com/watch?v=kbQmdAPWYks
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Perhaps equity futures rollover and options expiration would delay the drop. http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500_product_calendar_futures.html?optionProductId=138
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Now thats a data nacled analysis! Thanx!
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2use 2use
*backed
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2use 2use
And this was a timely and absolute hit!
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Doesn't always work...
Remember your divergence study with BID?
But BID made that weird spike early May that didn't reflect in the indices.
Anyway, on a hunch, I have shorted with you.
Only expecting a small dip on Monday. I feel the bull market goes on.
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The market is so complex and dynamic - it constantly changes in subtle ways, shifting and enigmatic, that keeps us attuned to every nuance of variation, looking for that one leading indicator or combination to provide us low-risk, high-reward trades. I hope that the conglomeration of my quips and comments, charts and insights, helps in some degree to provide value to you and therefore to me. Thanks for your feedback. Mr DL.
+2 Reply
2use timwest
The market is a confrontation of opinions - some see prices to go lower, some higher - and the sale is born.
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This graph expresses how the market feels right now. 52 week highs are failing to break out and those strong stocks are going to start bring her down next week
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man those bonds have dropped like a rock last few days
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Chart was right on time
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Thanks 2use.
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This chart is very relevant now
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timwest PRO Tendencies
It took awhile for the selling in HYG (High Yield Bonds) to spill over into stocks. Thanks for the comment.
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Bonds edged lower before SPY again
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