Cobra's Market View

MrMiyagi wrote:RUT not holding up as well... Jobs numbers tomorrow, wish I had a crystal ball.

i think grind lower, gap lower at least to wednesday closing levels, and if fail to make a new low, then possibly rally few days (monday pbar 112 handle?)

Update SPX: SPX16.png Is it too obvious that this whole thing is 5 waves down and we are in a wave 4 up atm? seems odd with the positive breadth that we are not screaming thru last week lows.. Paging DR Pasta for your own read on volume...here is a view, while we wait for AL's magic rutday.png

MrMiyagi wrote:

fehro wrote:See the pBar to 175.2 on the SPY?

Yes, already posted. But an update, just for you.....

2450.png

on stockcharts too (so maybe no good...)

fehro wrote:SPY 60m

L/T, could be a giant 5week bull flag?

ifthe banksters can tackle another rally, we would be setup for divergence with nyad and nyud, fwiw

fehro wrote:VIX 15m. weak... broke messy H&S

rvx not making new lows and
iwm not leading the charge, maybe its discounted because "juiced longs" got bruised and have yet to dip back in....iwm fail at 10990, and wait n see later today perhaps

iwmrenko, double top until we break 110ish and sds has some support athese levels so not getting too aggresive about buying highs

btw that inverse in R2K was triggered with target minimum a=c 100% is around 1108 R2Kkk.png good call in the smalls, iwm back into Uncle Uemple 13 bb, (this chart a fe minutes old while internet crashed...) also newhigh shows capitulation, (red histogram, when you get 2 strong dips within 4-6 days-...

Dailies... 30mins left.. get dojis? or hammers? Will we open higher tomorrow morning? Lower? Flat? What do the boardies think? these 2 days price action tells me not to betooshort, fwiw... but reading ZH, seems MARKET HAS lil' faith in Mario's ability to state "will do WHATEVER IT TAKES"!...

...............I'll invite you to dinner tomorrow ;) http://www.tripadvisor.com/LocationPhotoDirectLink-g187895-d696501-i57899540-Cantinetta_Antinori-Florence_Tuscany.html Yummmmmmmmmm :D THANKS FOR THE FEEDBACK that’s the only way I know if/when my charts are readable and working better………. differ...

MrMiyagi wrote:

ALdaytrade wrote:Or yours...

My man-boobs

looks like a shot of botox in da busom....

DIA outside up?
lower IWM low on falling volume?
negative breadth fell on lower lows?
vix ratios failed to make lower lows?

seems there could be a nice squeez due soon

COBRA: thanks for all the hard work!
IWM does not look bad for bulls, import bull bar here?

2hour chart....but I expect to tag 12 week EMA below next week

was friday the rsi divergence?http://stockcharts.com/public/1684859/c ... /219610381

(qe says probably not, 1 , 3, 1, and 3 bln this week)

VIX 15m 20d SMA 13.06 you were right ON! with the vixxie charts, thanks! Your welcome! just be careful... I don't have an extreme TICK on my chart yet.. -875.00 ... usually -1100.00 is a more secure "bounce" my thoughts too, seems TOO ORDERLY for opex, maybe a sqeeze to new highs?? :lol:

fehro wrote:VIX 15m 20d SMA 13.06

you were right ON! with the vixxie charts, thanks!

seems like smallie may see 115 half strike good support at 11567ish not at 50, fwiw

Al_Dente wrote:Hourly IWM is still green but its volatility 1/RVX (bottom panel) is a hair away from going bear

2014-01-17_iwm_png.png

offtopic and outdated: Thanks for education on internals (yesterday or tuesday)!

Al_Dente wrote:YES it’s unusual to see the dow (3x) outperforming the other indices (3x) intraday
Very unusual these days

2014-01-17_dow_png.png

all sentiment from GE perhaps?

maybe that ws the fireworks for pin risk.....breadth internals say range day (except trin=bearish I/T)

Alaska=bear country? stay a bit short?

smalls have minor support here, looking for bull diverg...

Here’s an issue that nobody asked about, regarding the INTRADAY internals plus moving averages. The internals (NYADV, NYDEC, NYUPV/NYDNV ratio, and NYDNV/NYUPV ratio) are a pure one-day-only picture; they do not carry-over from yesterday (unless your setting is “cumulative”). They re-set every morn...