02/19/2015 Live Update

[Cobra]

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I hope it's ascending triangle. need wait and see.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2015/02 ... ay-update/

[champix]

Nothing new in Europe.
Eurostoxx50 and dax made a new high after Greece request for a six month delay (good news) and German Finance minister said : NO (bad news).... so still going !

[Out of Bounds]

Update

[cletus]

Oil fanboys getting crushed!

Nasdaq 100 is up. Doesn't seem too awful for bulls out there right now.

[Xian]

Yeah, this is what I don't like about trading SPY— You're basically counting on everyone in the world not to do something stupid. Tough bet.

I have such a hard time seeing why Greece matters, except contagion— and the others, Portugal et al seem to be lining up with Europe. So what's the problem?

Oh well, see what happens after they close.

Have a good day everyone.

[fehro]

SPX.. possible RS .. or the triangle just expanded.. VIX into resistance.. over resistance.. then 2nd H&S could be in play..

[Cobra]

gap down 3 days in a row, if today still up, then this bull is invincible. I kind doubt if today still up.

[fehro]

INDEX days… two directions… SPX INDU RUT down.. NDX TRAN up…USO on 50d SMA .. UUP.. bear flag?

[DellGriffith]

harapa posted this morning and said its unlikely we get any kind of correction for at least the next 3-5 days. i agree with him.

[Cobra]

morning hourly hollow red bar again.

[Xian]

So for now on the smaller time frames call 209.60-209.70 resistance, 209.00-209.12 support?

[q2model]

harapa posted this morning and said its unlikely we get any kind of correction for at least the next 3-5 days. i agree with him.

What are the reasons behind your assessment?

Thanks

[Trades with cats]

I was waiting to go long with finger on the trigger and then wham. I am guessing that was Philly Fed. Another hour and we get the EIA petro report. Then, maybe the European Finance Ministers will go to the bars and I can go long for an hour or two.

[Cobra]

members only update at 10:10 am
http://www.cobrasmarketview.com/2015/02 ... ay-update/

[fehro]

NDX - 2m/1yr some of the big players

[fehro]

moment of truth.. for the H&Ss .. VIX looks weak

[uempel]

harapa posted this morning and said its unlikely we get any kind of correction for at least the next 3-5 days. i agree with him.

What are the reasons behind your assessment?

Thanks

Momentum looks ok/neutral on several time frames. By the way, Harapa is not an indicator, momentum charts are indicators.

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

[uempel]

Let's see what happens when SPX bangs into the green cycle. If SPX breaks through the market might/should continue higher.

[Cobra]

this rebound shall have legs. guess it'll test blue line above eventually.