12/26/2012 Live Update

[Cobra]

members only update at 1:33 pm
http://www.cobrasmarketview.com/2012/12 ... ay-update/

[L_T]

one more chart for SPY, swing is sell, intraday is also sell. that's all I got to day, good luck all.

What is your take on IWM?

Uptrend still intact on a daily chart (weeks) time frame. Seasonality also favors holding Smallies here.

Overbought conditions are now burned off as well.

Thanks, but should I ignore VIXies?

Different time frame though right?

Your system seems sensitive to a shorter time frame than I'm looking at here. (I like your system by the way...)

[L_T]

I'm probably stating what everyone else has already noticed but retailers have been beaten up today.

[BullBear52x]

one more chart for SPY, swing is sell, intraday is also sell. that's all I got to day, good luck all.

What is your take on IWM?

IWM swing = sell, intraday is waiting to go sell see red arrow here. right chart.

[Harapa]

Different time frame though right?
Your system seems sensitive to a shorter time frame than I'm looking at here. (I like your system by the way...)

VIXies are bearish in all time frames, as I posted earlier along with a daily chart.

[Harapa]

Different time frame though right?
Your system seems sensitive to a shorter time frame than I'm looking at here. (I like your system by the way...)

VIXies are bearish in all time frames, as I posted earlier along with a daily chart.
Now I am looking for a scalping opportunity

[Mr. T]

Intraday, sell GLD, was waiting for the rip sell spot, but I guess chasing is inviting....nah...wait.

Gold and silver are pathetically weak, they are behaving like the sickly kid in grade-school that always had the flu, got better, got leukemia, got better, got attacked by a dog, got better, got shot, got bett... you get the idea.

"They're trying to steal my gold chains!!!!"

LOL

Those will comeback with a vengeance either soon, or after a washout.
They're not getting my gold that easy...... but it would be nice if metals would put in an obvious floor.

[Cobra]

the consolidation favors bulls, so guess more rebound.

[Cobra]

possible targets.

[MrMiyagi]

Is anyone else still full from last night's dinner?
I can't even think of eating.

[BullBear52x]

Now for intraday, SPY and DIA suggest buy the next dip. today is a little messy. well.....it is what it is eh?

[StudentBill]

Is anyone else still full from last night's dinner?
I can't even think of eating.

Rookie.

[MrMiyagi]

[Petsamo]

Is anyone else still full from last night's dinner?
I can't even think of eating.

Rookie.

He doesn't have the gut that you have.

[BullBear52x]

now I have to pull out Fib buy zone for SPY

[StudentBill]

Is anyone else still full from last night's dinner?
I can't even think of eating.

Rookie.

He doesn't have the gut that you have.

That is most likely true.

[BullBear52x]

as much as I am talking daytrade intraday here, but the bigger swing is clear, bears are in control. last chart got to go.

[Cobra]

possible 3 push up, wait, need see more pullback to confirm.

[L_T]

Is anyone else still full from last night's dinner?
I can't even think of eating.

No way I had leftovers for lunch!!! Spiral ham is delicious!

[Petsamo]

The case for a gap up tomorrow is my spreadsheet.
The case for a gap down is overseas markets will duplicate our red candlestick.

Yea, I said Monday we'll gap down today. But I keep saying if my spreadsheet predicts a gap down, and we gap up, there's still a chance we go red, as if we gapped down. Today is a great example.

If the gap up prediction changes, I'll let ya'll know.