01/03/2013 Live Update

[skittlesmds]

There may be a small bear flag on ES 5 minute targeting 1451 or lower. *** Just an opinion; not trading advice ***

I had the chart pattern wrong but the result was the same.

[KENA]

I don't think the mkt had a Santa ralley even if the mkt was up big for one of the 2 days..Maybe COBRA will say something on this to confirm if we did or did not.

[Cobra]

members only update at 3:40pm
http://www.cobrasmarketview.com/2013/01 ... ay-update/

[Unique]

Boring day only tanked 14 bucks, maybe tomorrow for 535 dessert

[fehro]

SPX 15m fwiw

[Al_Dente]

these bastards may attempt a squeeze into the close
????

[MrMiyagi]

[Cobra]

resistance.

[EvilTrader]

Daily VIX candle is a Doji, after the highest 2-day percentage fall in VIX history.

IMO, we are setting up for at least a 1-2% pullback next week, if not a trend change.

[Cobra]

dollar rising sharply. I don't believe it's making H&S top as H&S top requires a prior uptrend. https://stockcharts.com/public/1684859/ ... /276865556;

[Cobra]

still I'm not sure if that from high to low 1% pullback has started.
https://stockcharts.com/public/1684859/ ... /286418274;

[fehro]

neckline retest? or broken pattern

[TraderGirl]

UCO hit resistance...

[skittlesmds]

dollar rising sharply. I don't believe it's making H&S top as H&S top requires a prior uptrend. https://stockcharts.com/public/1684859/ ... /276865556;

Cobra,

How does dollar strength affect the overall stock market?

Thanks

[ClarkW]

Holding my nose and buying a little bit of NUGT for short term trade.
NOT A RECOMMENDATION OR ADVICE

[KENA]

Daily VIX candle is a Doji, after the highest 2-day percentage fall in VIX history.

IMO, we are setting up for at least a 1-2% pullback next week, if not a trend change.

I show a pull back thru all next week.

[Cobra]

I don't think the mkt had a Santa ralley even if the mkt was up big for one of the 2 days..Maybe COBRA will say something on this to confirm if we did or did not.

I think we did have the Santa Rally, today is the end of Santa Rally, SPX did up a lot, although just 2 days, but still the overall performance is up.

[Unique]

Friday = continuation

SPY hourly MACD needs a small dive still. Note, fridays are usually pretty f'ing boring

[TraderJoe]

Here is a stock some may be interested in, I copied this from a news letter;
Pandora Media - P - close: 9.49
Target(s): 10.75

It looks like shares of Pandora may have bottomed. The stock has been building on a bullish pattern of higher lows. Now P is poised to breakout past resistance at the $9.50 level.
Please note that I do consider this an aggressive, higher risk trade. Not only is P a somewhat volatile stock but in addition to resistance at $9.50 there is also potential resistance at the 200-dma (near 9.65), the exponential 200-dma (near $10.00) and the $10.00 level itself.
If Pandora is able to breakout it could spark a short squeeze.
The most recent data listed short interest at 60% of the 110.9 million-share float.
A trigger to open small bullish positions at $9.60. If triggered our target is $10.75.

Up 5% today

[Jupiter]

Holding my nose and buying a little bit of NUGT for short term trade.
NOT A RECOMMENDATION OR ADVICE

Clark - what's is the immediate upside target on NUGT? Thx.