08/11/2014 Live Update

[ALdaytrade]

RUSL. World class heavyweight commodities.

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Waitin & droolin.

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Can not support this!

[uempel]

Update:

[Cobra]

so far looks like bear flag. I'll give bulls a little more time though as for too many times I see bulls turn bear flag into something bullish.

[MrMiyagi]

!!!! POWER HOUR !!!!

[Daniel]

Rarely is a sector so clearly and unabashedly a market leader as EEM is now. On all shorter timeframes.

[Cobra]

!!!! POWER HOUR !!!!

[Daniel]

After a promising gap up, not much movement in USO.

Noteworthy fade in their intraday RS in key energy etfs like XLE and XOP.

[Cobra]

vol surge, bearish engulfing, could mean pullback here, then we'll see.

[ALdaytrade]

SPX 5m.. possible support, another H&S (blue neckline) if the weak bounce fails

This formation is looking good, as there is a head and shoulders on the 15 minute
futures that should take the futures down to 1925.

[L_T]

Update:

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Intraday I see resistance at your 390 proxy (purple 78 MA).

[Cobra]

members only update at 3:35 pm
http://www.cobrasmarketview.com/2014/08 ... ay-update/

[gappy]

UVXY 4 hour w/ ichi.

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[Daniel]

Equity bulls are reassured to see the short Momo buy signal yest, and now the classic MACD buy generated today, on hi-yield etfs like JNK.

[Cobra]

3rd test of OR low a breakdown is likely.

[Cobra]

members only update at 3:48 pm
http://www.cobrasmarketview.com/2014/08 ... ay-update/

[Cobra]

well, guess that's it for today. Tuesday tomorrow is a little little bit bear friendly. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[MrMiyagi]

well, guess that's it for today. Tuesday tomorrow is a little little bit bear friendly. thank you guys, I'll see you tomorrow.

Ah the good old days when Tuesdays used to be Bull friendly....

[ALdaytrade]

done

LMAO really guy, your spamming about failed Portuguese banks, traps and a 'big down day today' and you give that?

Well, good luck with your shorts and waiting for your 'big down day.'

Why not allow Wallstreetrader have his position and state why he thinks this is a large down day? His account is his account.

I will enter short at some time too. Now with the $vix, we have reached the middle of the bollinger band and reached the limit on the %D of a fast stochastic reading that I follow, so I think we go down to trap a few people today. Just my position, no need for a smack down.

Changed my position from long to short...

Good call, Wallstreetrader, not a big down day, but still down! More down tomorrow to end this wave and then up? Is that what you have as well?

[ALdaytrade]

It probably won't pull back until at least filling the two gaps above, and then fill in the 3rd gap above in the 2nd leg up

Sorry, wrong!

[flumanchu]

.

Here's POMO this week:

Mon, Aug 18, 2014 Tue, Aug 19, 2014 Outright Treasury Coupon Purchases 02/15/2036 - 08/15/2044 $0.95 - $1.15 billion
Tue, Aug 19, 2014 Wed, Aug 20, 2014 Outright Treasury Coupon Purchases 11/15/2024 - 02/15/2031 $0.25 - $0.35 billion
Thu, Aug 21, 2014 Fri, Aug 22, 2014 Outright Treasury Coupon Purchases 11/15/2021 - 08/15/2024 $2.05 - $2.50 billion

They might have already used used up the POMO for tomorrow (1.15 billion), looks like it based on the bond funds.

Big POMO end of the week (2.5 billion).

So, tomorrow will either be even or down, then we begin going down pretty hard until OPEX - at which point they deploy 2.5 billion to hold the market.

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