10/21/2014 Live Update

[Cobra]

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Channel up. Double Bottom target fulfilled, Horizontal blue line above is the resistance.

[jway888]

wonder how long should the shorts pretend dead this time, that pre-market looks over-bullish

[cletus]

Most bullish market conditions since March 2009 will set up another 3rd wave up in equities (eventually).

Evidence:

TLT:TIP Super Bullish

TED Spread extremely low and dropping

VIX Still in secular bull range (well, this is one that is on the cusp of turning)

[redbull247]

Anyone else see a strange $TRIN spike on the open?

[DellGriffith]

[uempel]

Update on the 1 min chart

[uempel]

wonder how long should the shorts pretend dead this time, that pre-market looks over-bullish

Whoever "pretends dead" right now might soon be carried away in a coffin. Bullish percentages very bullish - except BPOEX which is down 2% - presumably KO, IBM or MCD.

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

[uempel]

Remember this chart

[Vaamsy]

I see loads of people turning bullish. What if this is just a bear market rally that would fade away in a day or two?

[Cobra]

members only update at 9:58 am
http://www.cobrasmarketview.com/2014/10 ... ay-update/

[Out of Bounds]

Anyone else see a strange $TRIN spike on the open?

Sometimes TRIN can get weird at open because not every stock opens at the same time. I always ignore the first few minutes.

[johnnywa]

Remember this chart

23.png

Would this not be a beautiful setup???

[Mr. BachNut]

Hey everybody,

Just thought I would stop by and post NYMO Cycle chart.
Pretty wild action. Oversold to overbought in just a few days.
Some marked upside price targets (if they are to be had) may be hard to reach without a pullback toward zero to reload.

I am flat at the moment.

[uempel]

Update:

[Mr. BachNut]

Also, today is last day of trading for October VIX contract.
Expiration tomorrow at the open.
I am curious to see how trade unfolds after that has cleared.
Squeezing and squaring books may be a factor today.

It is curious to me that VIX expiration is always before or after OPEX.
Would love an explanation some time as to why they do that.

[Ratbastrd]

Anyone else see a strange $TRIN spike on the open?

Yes, TRIN briefly touched 22 on Schwab. Is there such a thing as a TRIN pbar????????? Spooky

[KENA]

Took profits on spy swing long..1920 was my goal so now wait and lets see. Uempel is looking for 1940 but 1920 was my top.BP's looking good but the dn PB's may come into play. Lets see what happens this afternoon.

[BananaStand]

I see loads of people turning bullish. What if this is just a bear market rally that would fade away in a day or two?

Where's the bear market?

[Vaamsy]

I see loads of people turning bullish. What if this is just a bear market rally that would fade away in a day or two?

Where's the bear market?

Bear markets are always seen as they come to the end. Its begun I guess

[KENA]

I see loads of people turning bullish. What if this is just a bear market rally that would fade away in a day or two?

Where's the bear market?

Might be right behind you.