07/08/2014 Live Update

[Cobra]

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Pullback to support area, wait to see if bears can break it.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/07 ... ay-update/

[Cobra]

members only update at 9:45 am
http://www.cobrasmarketview.com/2014/07 ... ay-update/

[daytradingES]

Late start this morning and looks like I missed the move of the day
Now at support 1959.75 area.
Probably time for old Yeller to push the "buy" botton at GS

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2014/07 ... ay-update/

[Heck]

Overvalued opening long Equity calls three times puts
and Undervalued Index puts eight times calls
Both suggest the selling may not be over

http://www.ise.com/market-data/isee-index/

[fehro]

SPX 15m nearing lower open gap / 20d SMA @ 1957.42ish.. sliced through green support/channel

[fehro]

SPX 60m next support dashed cyan

[Xian]

Good morning, everyone.


@steenbab has an interesting short post on turning small wins into big successes:
http://traderfeed.blogspot.com/2014/07/ ... -wins.html

@peter_brandt has a post on Asian markets being ready to "explode" — accompanied by some good charts (via @ukarlwitz)

Horace Dediu has, as usual, a very insightful post on the U.S. smartphone market entering the "Late Majority" phase
http://www.asymco.com/2014/07/08/late-late-majority/

NYT on "The secret of effective motivation"
http://www.nytimes.com/2014/07/06/opini ... .html?_r=0

Oh, and here's why there's no word from Aliens from outer space. A couple weeks old, but still very interesting/fun after work reading:
http://waitbutwhy.com/2014/05/fermi-paradox.html

(edit AAPL stuff. Sorry, Snake)

[fehro]

SPX daily... .break red... Houston, we have a problem.

[Cobra]

rebound so far looks weak.

[fehro]

INDEX dailies... 20d SMA coming into play... VIX popped over 20d/ 50d SMA

[Mr. BachNut]

Still on vacation.

My usual signals remain up.
However, my NYMO chart confirmed a down cycle yesterday with the high of the prior up cycle fixing all the way back at June 9th.
It sure took its time...
In any case, normal pattern over a down cycle is for price to drop at least to (and perhaps considerably below) where it was at the NYMO cycle high, which is SPX 1955.55.
This doesn't preclude higher highs first, but the market is pushing down now. So, maybe it is a quick trip. (Probably should have posted this last night )
In any case, I am looking for 1956 or lower over the course of this down cycle. We shall see.

[tsf]

These BlockTradeAlerts are from Twitter.
panbuk has better info from equityfeed,

BLOCK TRADE: $QQQ 500,795 shares @ $95.39 [10:41:58] actual at the time of posting was around 94.30

BLOCK TRADE: $IWM 504,280 shares @ $119.87 [15:51:57] yesterday July 7

[fehro]

USD/JPY... possible support/ orange triangle... should we chop around...

[soku]

everybody loves GS?
watching 162.5

[soku]

4h view spx

[Al_Dente]

ten days

[Al_Dente]

TA Alerts

[soku]

"@traderstewie: This is a "Luis Suarez" selloff : Got TEETH"