09/24/2014 Live Update

[Cobra]

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Breakout of channel mostly doesn't mean reversal, it means bigger channel, probably a range, then a reversal is possible, so we might be in a range stage.

[Cobra]

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

[fehro]

/ES 60m fwiw.. retesting a neckline of sorts... of a wedding cake of H&S (see yesterday) .. dotted vertical line target.. crazy I know.... bear flag?

[DellGriffith]

RyanDetrick Sept 24th 6:03 AM PST
$SPX hasn't been down 4 days in a row in '14. Longest streak to start a year going back to 1970. $SPY

[Out of Bounds]

Long SPY 198.04.
NASDAQ pushing higher this morning hard while S&P is lagging. Rut looks strong also

[DellGriffith]

Ryan Detrick on the strong US dollar:

http://ryandetrick.tumblr.com/

The facts are a higher currency suggests higher interest rates are coming. I know everyone is worried about higher rates, but historically higher rates have been a good thing, not a bad thing for the economy. Also, a stronger currency increases the odds of foreign investment. Those things don’t sound too bad to me. Is the US Dollar telling us something? I sure think so.

Quantitative easing (QE) is used to jump start an economy and in turn it tends to put downward pressure on the home currency. With Japan and the European Union both looking at starting new rounds of QE and the US about to end their QE in October - there are some solid fundamental reasons to think that the US Dollar should stay strong.

[fehro]

SPX 15m.... mind the morning gap.... wave # for AL.. not really my thing.

[fehro]

INDEX dailies.. SPX 50d @ 1976ish.. only 5 points away

[Out of Bounds]

Breadths dropping but ticks hitting highs - waiting to see if strength renews or weakness takes over.

[champix]

EURUSD broke 1.28 support, next stop 1.2740
strong USD --> no good for stocks

[finman66]

If I was more cynical, I'd think that perhaps something big was about to occur with POTUS in NYC at the UN.

"See You in New York"
http://www.thedailybeast.com/articles/2 ... -york.html

[uempel]

Bullish Percentages weakish - except BPCOMPQ which is up 0.32% ..

http://stockcharts.com/freecharts/candl ... BPFINA|B|0

[gappy]

If range it be. Hourly.

Capture.PNG

Vote Cobra. glta

[Cobra]

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

[Cobra]

3 push down, channel lower boundary, vol surge, so probably a rebound is due.

[Al_Dente]

Anyone notice an odd discrepancy between stockcharts and freestockcharts?
On stockcharts spy has barely reached the 9/15 low
On freestockcharts it busted it already and is at the 8/19 gap fill zone

[fehro]

VIX 15m... VIX daily btw, closed outside of it's BBband yesterday *open gap 15-15.50ish... Aug 11 ish

[Daniel]

Trans leading lower, fresh multi-day low on Dow Transports.

[L_T]

Anyone notice an odd discrepancy between stockcharts and freestockcharts?
On stockcharts spy has barely reached the 9/15 low
On freestockcharts it busted it already and is at the 8/19 gap fill zone

I see the same thing. The low reported on 9/15 is different. Weird.

[Out of Bounds]

Anyone notice an odd discrepancy between stockcharts and freestockcharts?
On stockcharts spy has barely reached the 9/15 low
On freestockcharts it busted it already and is at the 8/19 gap fill zone

I see the same thing. The low reported on 9/15 is different. Weird.

Someone forgot to adjust for dividend?