thurs 1_12

Another good example of the A/D zero-line acting as support today.   First the initial bounce in the first half-hour of trade.  Price support ended up corresponding with a -200 reading (mildly bearish).  A/D line bounced at zero 3 times later in the afternoon as extreme negative TICKs on higher lows indicated a bullish divergence.

Some trades:
BTU - 2c setup.  Later in the day there was the chance of a continued test higher, but ended up scratching at b/e

GS - continued to show strength (or squeeze).

Really disappointed in missing this as I was watching for it yesterday.  A channel/flag break in NFLX

Also disappointed for not taking this short in the SPY this morning (2d-to-4c continuation, or simply, a bear flag).  Notice that the 15-min 3/10macd (top indicator) showed a lower low while price made a higher low/double-bottom, which gives us a buy divergence, while the 5-minute 3/10macd formed an inverse H&S (as did price).