01/17/2013 Live Update

[Cobra]

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Gap up above yesterday's high so the gap might not be filled.

Global ES looks good, a breakout to Fib 76.4% Measured Move target, hope it's real, let's see. Even the breakout is sold, NORMALLY there'd be a 2nd leg up to at least revisit the previous high. So overall, not bad for bulls.

[portobellovcs3]

Voted. Nice pop this morning. Squeeze the shorts.

Thanks Cobra for all your hard work!

[Harapa]

Momentum Block:
Equities mostly bullish but currency markets are showing some weakness. SP500 futures just broke out of what may be regarded as ascending triangle. SPY is to follow?

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/01 ... ay-update/

[KeiZai]

GM all, finally we have a movement I think this is the wave 3 of last push up before correction

I thought XIV will be early bird as always but not showing weakness yet (will short more higher )

Morning russell chart

Now we are clearly in wave 3

looking to short after 5 waves up as I said viewtopic.php?f=2&t=797&p=113584#p113584

Good luck soldiers!

[Denali92]

Fairly rare event here - a significant gap up on Opex Thursday has only occurred 3 times in the last 3 plus years - most recent one was LAST JANUARY - it was a GAP and GO and we went on to briefly top on the Monday post opex.

Nov 2010 and May 2011 were the other two instances, but those were gap ups from oversold positions. - Though the gap up in May 2011 ended at 9:56am and marked the opex top and we fell very hard till the Wed post opex....

We may also trigger an hourly sell signal - which on Opex Thursdays is a decent signal.... last one was last December.... there was also one in May 2011 ....

There have been 5 of them in the last 4 years... Dec 2012 (topped on the Thursday and fell hard), Sep 11 - different market, but we did not top in SPX till the Tuesday after and then fell hard, May 2011 (as above), 15-Oct-09 (fell on Friday - bounced on the Monday after and that marked the top until 2-Nov-09) and 16-Apr-09 - we topped the next day and then fell very hard on Monday and Tuesday.....

Presents a few different possibilities, but supports the view that we will top between today and Tuesday and then fall hard.....

-D

[JFR]

622 am

ES up 7.50

SPY up .64

[uempel]

A break to the upside from 1472 is quite significant

[chetas]

Cobra,

today is there possiblity of open high, higher high and then close in negative ?

[joeynickels]

1/16 (AH) EBAY beat by 0.01with in line revs, guides 1Q EPS below concencus

1/17 - AXP, COF, INTC report AH

BAC - beats by 0.01, misses on revs
BLK - beats by 0.26, beats on revs, raises dividend 12%, increases buyback
C - misses by 0.27, misses on revs
FITB - beats by 0.01, NIM declines 7 bps
HBAN - beats by 0.02, NIM increases 3 bps
UNH - beats by 0.01, beats on revs, reaffirms FY13 guidance and revs guidance

1/18 - 

GE
MS
NHC
SLB

[Harapa]

A break to the upside from 1472 is quite significant

44.png

oy, last night I started to wonder, are we the only two bulls left on this board?

[Cobra]

the open.

[JFR]

SPY green

TLT red

[victorm]

the guys desided to put gold back in place, silver become scared too... what happened?

[skittlesmds]

GLD still above my trendline. Very early in the session so we will wait and see.

[SigmaEcho]

A break to the upside from 1472 is quite significant

44.png

DAX still below Jan 2nd high

[TWT]

$SPX: Ending Diagonal project is being jeopardized

[chetas]

is there a P-bar to 147.05 in spy, when claims data came?

[gappy]

A little more on gold and Basel III. http://biiwii.com/guest/guest95.htm

[uempel]

A break to the upside from 1472 is quite significant

44.png

oy, last night I thought we two were the only two bulls left on this board.

The last 12 years didn't coin many bulls, some might not recall that a bull can be quite persistent - I'm thinking of 1995/2000.