09/05/2014 Live Update

[Cobra]

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Double bottom or kiss channel good bye, wait and see. Since it's bull market, so usually when not sure, just guess it's up, so double bottom may have better chances?

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/09 ... ay-update/

[Out of Bounds]

Short SPY 200 (via long SDS @24.23). NFP reaction was not bullish enough.

[fulkdaddy]

Cobra, I think last month you said the typical NFP day if gap down, trend up the rest of the day is no longer is valid?

[JFR]

GILD ...

[JFR]

And a few minutes later ... Gheez ... A guy can't even go get a cup of coffee.

[Cobra]

possible double bottom.

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2014/09 ... ay-update/

[Out of Bounds]

I'm really starting to hate those arrows, Cobra.

Really.

[Heck]

127% opening long overvalued All calls/puts, 295% opening long overvalued Equity calls/puts and 41% opening long undervalued Index calls/puts = Moar down

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

[fehro]

SPX 15m... possible pink/orange channel.... or H&S ... tops are a process they say

[Denali92]

Posted in the market outlook a few research points on the employment turning point.

Next week is where it gets interesting, as we have been WEAK till at least Wed post employment every month since March.

http://www.cobrasmarketview.com/2014/09 ... tive-days/

-D

[fehro]

INDEX dailies.. nothing interesting yet... RUT near 20d/50d

[TraderGirl]

Anyone else take this DUST trade I posted at the red arrow??

Looks like could be a pullback, but perhaps more up....

[fehro]

INDEX weeklies... the bears want to fill that tiny little gap at 1990-1988.. would give a bearish engulfing.. will be an interesting close...

[Mr. BachNut]

No position.

My summation signal turned to neutral at the close yesterday. Lower lows could turn it down.
My composite trend signal is up. No real movement on the internals. Still good.

The move in my summation signal is interesting but needs more development to be actionable.
My NYMO chart tagged zero yesterday, which is also interesting. That is often a spot for counter bounce/pullback before proceeding.

The market seems tired, and there is evidence to start looking for a turn.
However, the trend has been strong. My model signal remains strong. So, it may take some time and chop to organize for a downtrend, or perhaps we'll just get a corrective pause.
Seeing volatility pick up is a good start.
As the Alibaba IPO is on deck (OPEX week?), I am inclined to believe that the jackals will not let the current weakness get too far as that should be a big payday.
Perhaps a little angst in the days ahead to raise some cash in front of that... call me jaded...

[fehro]

Anyone else take this DUST trade I posted at the red arrow??

Looks like could be a pullback, but perhaps more up....

Yes- DUST daily/60m/1m ... possible invs complex H&S .. target gap fill..... will follow up with long term GOLD/USD

[TraderGirl]

Here's NUGT...it fell below support, now wondering if it gets down to triangle support??

If it does get down to triangle support then most likely could break that support at some point to a lower low...

[Cobra]

range, for now it's likely to breakdown.

[Out of Bounds]

range, for now it's likely to breakdown.

Thank you for removing the green arrows! lol