08/06/2014 Live Update

[Cobra]

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Measured Move down? I can only see Fib 61.8% target which is 1899.71, possible.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/08 ... ay-update/

[Out of Bounds]

Anyone trading the Sprint - T-Mobile breakup?
I am trading into TMUS w/ average cost at 31.06 right now. TMUS may come out with new suitor but S may just shrink. My opinion.

[fehro]

SPX 60m.. 1900ish, minor open gap.. seems like a good support area. fwiw. (pink H&S doubtful, but there)

[gappy]

Hightower morning hijinks. Vote Cobra. glta

fi.PNG

[fehro]

SPX 5m.. messy.. but red line seems a likely target.. support

[gappy]

gs.PNG

[fehro]

INDEX dailies.. quite the spike on TNX, GLD pops up over 20d SMA

[DellGriffith]

Out of gold shorts. Not sure why the pop. I guess its going to get even more frothy?

[Cobra]

members only update at 9:42 am
http://www.cobrasmarketview.com/2014/08 ... ay-update/

[gappy]

JNUG daily..

jnug.PNG

[Cobra]

morning hourly hollow red.

[Mr. BachNut]

Short. No change. Profit stop on.

My summation signal is down for the SPX and turned neutral for the R2K yesterday. The R2K could turn up today.
My composite trend signal is down.

Early post as I will be out most of the day.
NYMO has been weak for several days in an oversold state,which offers the probability that a tradeable low may be in or close.
If NYMO is weak again today though, history would lend probabilities to two possible scenarios.
One would be a low by tomorrow, and the other would be that we are in or entering a crash sequence.
I am inclined to focus on the former given what I am seeing in the R2K and our dovish Fed Chair. (I may even have a long setup in play. )
However, given the complacency that has built up, I'll keep an open mind that Mr. Market could do something dramatic to get some boiling frog longs to capitulate.

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2014/08 ... ay-update/

[fehro]

SPX 5m .. morning gap now filled.

[L_T]

Short. No change. Profit stop on.

My summation signal is down for the SPX and turned neutral for the R2K yesterday. The R2K could turn up today.
My composite trend signal is down.

Early post as I will be out most of the day.
NYMO has been weak for several days in an oversold state,which offers the probability that a tradeable low may be in or close.
If NYMO is weak again today though, history would lend probabilities to two possible scenarios.
One would be a low by tomorrow, and the other would be that we are in or entering a crash sequence.
I am inclined to focus on the former given what I am seeing in the R2K and our dovish Fed Chair. (I may even have a long setup in play. )
However, given the complacency that has built up, I'll keep an open mind that Mr. Market could do something dramatic to get some boiling frog longs to capitulate.

I was wondering what you would have to say about Russell 2000 (I use IWM as a proxy).

[Cobra]

vol surge, might see pullback here first then we'll see.

[gappy]

ATR. A volatility formula based only on the high-low range would fail to capture volatility from gap or limit moves. Wilder created Average True Range to capture this “missing” volatility. It is important to remember that ATR does not provide an indication of price direction, just volatility.

spx.PNG

Maybe keeping human emotions off of the bankster's trading desks, relying more on the algo's has reduced volatility. If we have three weeks similar to three years ago though, a good dip cometh.

[fehro]

SPX 15m... possible red expanding triangle

[Cobra]

blue line resistance taken, the bias is up.