USDJPY: Gap Open Real-body Buy Setup

Rules of the setup:

• Must have a lower low
• Must open below the low of the previous real body (consideration of this point can be taken to 5 decimal places) i.e. opens below the previous close

Entry would be effected upon break of the high of the same period; stop at the low.

SPX daily channel

DJIA - *still* in the channel!

Zero participation on the way down and lots of tell-tale divergences at the low - is it just me or are "they" getting sloppy these days?

EURUSD

Tempted? I know I am..

SPX:TRIN - a new ratio..

STILL not much happening out there, so I have had time to play around in StockCharts - and happened upon this ratio... while I realise there is rather scant chance I am the very first to come across this, a Fibonacci simple moving average makes very interesting viewing indeed:

SPX:TRIN on StockCharts

DJIA channel (update)

Not much happening - still standing firm. I get the feeling there is an immense battle of opposing forces occurring right now - helicopter Ben with his finger in the dyke as the cracks start to multiply kinda thing.. hmm.

Meanwhile, erstwhile favourite indicator AUDJPY is starting to fold:

And might it be worth a post-earnings punt short on GS right now?

GS on StockCharts

Cake... or Death?

VIX divergence

Higher close on the SPX, but Mr VIX is not playing ball with a matching new low - classic topping behaviour, unless the market makers can erase this divergence sharpish. A very nice Elliott wave too on the 10 min last 4 days.

EURJPY - Broken Neck

I was watching this head & shoulders pattern on the EURJPY last night, waiting to see if it would break - and then I went to bed as I was falling asleep!

Guess I'll have to wait to see if it retests...

GBPCHF - Range-bound

Essentially range-bound for the last few days, looks to be coiling as evidenced by the bunching MAs; should be an interesting move whichever way it breaks.

GBPEUR - Harbinger of Euro Weakness

Naturally this is just one possible interpretation of the tea leaves, but the potential for a turn is there all the same.

Bonus chart - USDJPY:

DJIA channel

Interesting to note we are still in a channel that kept the action through most of primary wave 2 all in 2009 and this year, albeit we are now back in the bottom half and bumping up against the mid line.

Close-up:

SPX:VIX - Glass Ceiling

So, we bump up against the underside of the long-term trend once more - and on a new moon to boot - chart says we should have a decent throw at a sell-off from here - but how much longer will it climb the underside of this trend?

SPX:VIX on StockCharts

All Hail Steve Jobs

What a success story Apple is - does anyone not like them? I just look at the legs from 1998, 2003 and 2009 with awe.

I've painted a wedge on here, but there are only two touches on the lower line and it doesn't hold much water because of that; this could easily morph into a channel upon an eventual correction occurring. From the upper line (which has more to commend it), it looks as though this one has headroom yet.

As someone much wiser than me once said, it's not when you sell, but when you buy...

AAPL monthly on Stockcharts

Some charts I was looking at this week

Some charts for ya to be going on with.

And a sexy Saturday tune to go with:

I Crave Paris by Aeroplane (Official)

Not posted in a while

It's easier just to post charts as and when on Disqus over at Mole's place. But I thought I'd get this one down, just in case. Was wondering whether anyone else on the planet had seen the ending diagonal in the SPX into the close tonight, but maybe they were just keeping schtum about it.

Target is the origin of wave 1, which would be around SPX 1055. It is a full moon tomorrow and the bears all seem to have given up in disgust, so you never know.

NYADV, NYDEC

CHFJPY

Weekly:

Daily:

And the zoomed-in view on the hourly:

And with that, I think I'll be off to bed. Good night.

JNK:TLT - risk appetite edging back?

Does Yahoo! Finance know something we don't?