iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,468 Blog Posts

PPT Ranges: OVERBOUGHT

Let’s see if my robots are better than yours.

pptranges1

Reading: OVERBOUGHT

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37 comments

  1. Windsor

    The 30 minute MACD sure thinks so. The 60 minute does as well. Oh the charts, the charts!

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  2. Carsony

    I have fwlt and wanted to start a position in fcx 68 or below. Missed
    The dip. Maybe still have a chance
    Base on your mr roboto.

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  3. Rand

    Fky, i noticed onw commentor calling you doctor. Are you a doc? Or was that a nomicur??

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  4. Rand

    Sorry, missed a few keys. Spelling off after a couple of drinks.

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  5. super b

    first. yeah.

    Dr Fly have you sold your IBN?

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  6. BernieCornfeld

    All hail the PPT…..to the FAZmobile Robin…….awwwwwaaayyyyyyyy!

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  7. The_Real_Hmmm

    PPT hybrid seems to have better oversold predictive power in an uptrend after a new higher low has been made, and better overbought predictive power in a downtrend when a new lower high has been made.

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  8. wonderer

    PPT is a thing of beauty.
    For completeness, anyone know Aug 17, Sep 2, Sep 22 readings?

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  9. Slaying Dragons

    That’s no moon…..

    still waiting in SCO for take off

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  10. Goldie

    Time for some pin-less grenade action..

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  11. MOOBS

    I’ll be curious to see if we make a lower low on the next oversold reading.

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  12. Tgarfield

    and decreasing? Kind of like July.

    I don’t like charts though

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  13. Jason

    Fly, you still long WFT? Bought some when it dipped below 16, them more at 16.12. I feel like it is still supa cheap. Also cramer rec.

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  14. Le Fly

    Never bought vxx. Read me daily

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    • madrid

      I try to read daily but Monsieur Le Fly is très très prolific.

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  15. Bloomberg Terminal
    Bloomberg Terminal

    Things go up this month.
    Cya in 28 days.

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  16. henryfool

    Agree with PPT but here’s some long picks anyway!
    http://ibankcoin.com/henry_fool/2010/03/03/morning-otb-list-with-charts/

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  17. Malaka

    Thoughts on VIX going into end of day ?

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    • Yogi & Boo Boo

      It will fluctuate 🙂

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      • TraderCaddy

        I went long VXX @ 25.08 this AM (small position) for a daytrade for what it’s worth.
        VXX is jumpier than Fly on a caffeine high.
        Tight stop.

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  18. Cocaine P Livermore
    Cocaine P Livermore

    My all in china solar burrito trade is working out perfectly. It’s an extremely long term hold for me,,,I will be selling by noon today and trading in my burlap shirt for a polyester Simon Cowel model wife beater.

    Good times

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  19. Glutenspiel

    I noticed the UN Agenda 21’s Wildlands Project was not mentioned anywhere in this Washington Times article…

    http://www.washingtontimes.com/news/2010/mar/02/white-house-land-grab/

    You still think you know what’s going on because you read the mainstream news? Try again. Same goes for all economic news…

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    • Cottonelle Ultra
      Cottonelle Ultra

      Washington TIMES? Bwaaaahaaaahaaaahaaaaaaahhhhahaaaaaa!

      Next you gonna be quotin’ lavender-lipped, orange-haired Glenn Beck!

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  20. madrid

    Fly – are you still in VXX? The chart looks suspicious… reminds me of the inverse ETF scams where you only stand a chance of winning if you are very tactical. In any case, there is an interesting article on VIX on Seeking Alpha

    http://seekingalpha.com/article/191598-vix-a-sure-bet?

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    • TraderCaddy

      It is a scam.
      There are only two traders of this POS- the quick and the dead.

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  21. Bobby Boucher

    Along the same lines as Moobs’ comments, a pullback from here puts in a lower high on the S&P (and the Nasdaq Composite and the Dow Industrials). $RUT making a higher high today but is not being confirmed by momentum (MACD). Small cap outperformance is a reliable tell of a market that wants to go higher but the negative momentum divergence in the $RUT and the overbought stochastics in all indexes makes me concerned that this could be the start of the next downtrend.

    fid

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  22. Malaka

    in VXX 24.96

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