10/24/2013 Live Update

[Cobra]

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It's 2nd test of the previous high, so sharp pullback from here would mean the short-term high was in, so key time for bulls.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/10 ... ay-update/

[wayne0708]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.

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It's 2nd test of the previous high, so sharp pullback from here would mean the short-term high was in, so key time for bulls.

Love your diagram explaining 123 trend change. Even I have seen it from you for years now, I am enjoying it every time.
Keep up nice work Cobra.

[L_T]

Summary of select earnings that were posted this morning (from Bespoke). MCK is the only blasting off up 8% in pre-market. Others are less volatile but F moving a bit to the upside.

[KeiZai]

ES just a guess but we got a corrective move down and up so could be part of the bigger pattern eg desc.triangle


O: viewtopic.php?f=2&t=1098&p=145535#p145535

[joegamma]

a few renko charts SPY, 2hr

and 30 minute pointing south, GLTA

[jack black]

Yep, dollar is weak again this AM, hence strength in stocks right now. If dollar successfully puts a bottom here (double bottom?) the stocks will paint a double top, too.
My bias is bearish and I'm holdiong a small collection of XLF puts.

[KeiZai]

Yep, dollar is weak again this AM, hence strength in stocks right now. If dollar successfully puts a bottom here (double bottom?) the stocks will paint a double top, too.
My bias is bearish and I'm holdiong a small collection of XLF puts.

Agree euro is atm in the wave4 of C so one more small leg up should complete the cycle (viewtopic.php?f=2&t=1098&p=145611#p145611) I am looking to sell it there so I am expecting a bottom in USD also

[fehro]

SPX 15m

[gappy]

Hightower. glta.

Capture.PNG

[Cobra]

members only update at 10:07 am
http://www.cobrasmarketview.com/2013/10 ... ay-update/

[KeiZai]

Hightower. glta.

The attachment Capture.PNG is no longer available

Morning gappy I am looking for weakness in gold soon if it proves corrective I am looking to buy it

I am thinking about ED here to complete this leg then we will see...little older chart but ED is so far on track

[fehro]

VIX 15m ....a tad bearish... bear flag?

[gappy]

oil.PNG

[Mr. BachNut]

Neutral.

My summation signal is up.
My composite trend signal is up.

As I had an overbought summation signal the other day, I would have ever tightening profit stops if were long right now.
At the moment there is nothing for me to do in equities, so I am focused on other markets.

The only thing worth noting is that SKEW continues to climb even though the crisis of recent weeks has gone away.
Not sure what it means, but it makes me suspicious that there is something unseen and lurking under the surface of this market.

[gappy]

Hightower. glta.

Capture.PNG

Morning gappy I am looking for weakness in gold soon if it proves corrective I am looking to buy it

I am thinking about ED here to complete this leg then we will see...little older chart but ED is so far on track

GOLD.png

Looking good Mr KeiZai, drive on!

jesse.jpg

http://jessescrossroadscafe.blogspot.co ... 9ricain%29

[fehro]

http://www.aaii.com/sentimentsurvey/sent_results... getting a little frothy?

[Cobra]

no comments, it's in a range, wait for the range breakout first.

[gappy]

Capture.PNG

[L_T]

Ascending triangle?