Last Post Before I set off-to Set Sail

These are the 5 min charts of the averages. There is a little deterioration in them surprisingly.

Being today is a POMO day, it should close green, if it doesn't (in which case it will be fighting against the sinking dollar today), it will be in my mind a very bullish sign and perhaps a reason that story was floated this a.m. during the Fed blackout period. Watch volume into rallies, it should increase if it is healthy. Volume that's big into declines is bearish.

Watch the TICK chart if you can, it will give you a good idea of where the market is headed as it trades in a channel, when it moves out of the channel, you'll know that's the most likely directional change.

I'll be updating tonight and if I get on the ship early enough, maybe again during market hours.

There is surprising weakness in the financials today, so look at the list and recent financial trades I've posted, most of all, SET THOSE ALERTS from the trade watchlist.

See ya soon and hope that I float.

Request For 3C 1 min charts

Strange thus far...

All of the 3 averages are now in 1 min leading negative divergences-pretty nasty ones as well.

SIRI Up on a BREAKOUT Move

Take a look, the stop is difficult here, but this looks like a breakout. You can always have a wide stop with fewer shares, position sizing.

Muddy the waters

?maybe this is the traditional, screw the little buy we see in early morning trade as they bought the gap up, but DIA is showing a 1 minute NEGATIVE leading divergence.

Surprise-BWS

The BWS short just triggered.

Starting To Feel A Lot Like a Banana Republic

Initial Claims and continuing claims were both revised higher for last week. Now it's about 40 revisions up and two down. Each week the numbers are made to seem better then they are, when the information doesn't matter anymore, they correct it, and it always goes up-except for twice out of about 42 revisions. So today's beat, can be expected to be a miss by next week.

Ahhhhh... Kind of speechless on this one.

Last night it was clear that 3C was forecasting a bounce in the market, as I said yesterday, it starts at the 1 min charts and the more serious ut gets, the longer term charts it effects, by the end of yesterdy it was on 5 min charts which would suggest to me that the market bounces today, thus a lot of bounce trades last night, but is that all?

It's hard to say for certain after reading this last article, it's hard to believe. I think there's going to be some serious blowback on this one.

http://www.zerohedge.com/article/paralyzed-fed-defers-decision-monetary-policy-primary-dealers

The Euro has liked it so far it seems although it hasn't travelled as far as it seems.

Keep an eye this morning on those bounce and long trades.