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01/29/2013 Live Update

01/29/2013 Live Update

Postby Cobra » Tue Jan 29, 2013 10:03 am

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Gap down within yesterday's range so the gap might be filled.

Global ES indeed is 3 Push Up. The overnight rebound failed to make a new high so the pullback completed the 2nd leg down. Now whether there's a 3rd leg down, we'll have to watch if bears can break the thick blue line below.
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Re: 01/29/2013 Live Update

Postby Harapa » Tue Jan 29, 2013 10:10 am

:geek: Momentum Block :geek:
Global Equity Futures: Bullish
Key Currency Pairs: Neutral (2/2 bullish/bearish)
If SP500 futures breakdown next support is ~1479
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Re: 01/29/2013 Live Update

Postby wayne0708 » Tue Jan 29, 2013 10:12 am

Cobra wrote:If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.



Gap down within yesterday's range so the gap might be filled.

Global ES indeed is 3 Push Up. The overnight rebound failed to make a new high so the pullback completed the 2nd leg down. Now whether there's a 3rd leg down, we'll have to watch if bears can break the thick blue line below.


Very nice demonstration of 3-pushups
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Re: 01/29/2013 Live Update

Postby Cobra » Tue Jan 29, 2013 10:15 am


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Re: 01/29/2013 Live Update

Postby Cobra » Tue Jan 29, 2013 10:17 am

please be noticed, I've revised the weekly stock picks last night. A narrow range consolidation is now a must, this can give you a closer stop loss, therefore allowing a better gain lose ratio. Please check the revised picks here: viewtopic.php?f=10&t=808&p=115600#p115600

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Re: 01/29/2013 Live Update

Postby gappy » Tue Jan 29, 2013 10:18 am

spx.png
The QE cabbage diet is killing inner bear.
‘the petrodollar is our currency and our problem’....Gappy
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Re: 01/29/2013 Live Update

Postby JFR » Tue Jan 29, 2013 10:19 am

618 am

ES down 3.50

SPY down .36
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Re: 01/29/2013 Live Update

Postby uempel » Tue Jan 29, 2013 10:25 am

Harapa wrote::geek: Momentum Block :geek:
Global Equity Futures: Bullish
Key Currency Pairs: Neutral (2/2 bullish/bearish)
If SP500 futures breakdown next support is ~1479


Ha, my breakdown target is 1472 :lol: but I'm not in the bearish camp, I'm in the Wait-and-See camp. Is SPX going to break above 1503? - that would be bullish :D

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Re: 01/29/2013 Live Update

Postby Al_Dente » Tue Jan 29, 2013 10:30 am

[save for later….this is really long]

“How Bond Trading On Wall Street Really Works”
It’s an absolute certainty that the author of this article was a derivatives trader on Wall St
(Tyler was? Or is he linking an anonymous author?)
http://www.zerohedge.com/news/2013-01-2 ... ally-works

If u hate zh, you can read the cursory Bloomberg version:
“Ex-Jefferies Trader Litvak Arrested [yesterday] for Securities Fraud”
http://www.bloomberg.com/news/2013-01-2 ... fraud.html

If you get through all that, I encourage you to read the entire text of the lawsuit, linked in both articles.
We so seldom get to “lift the kimono” to peek at the opaque-derivatives market. This is a rare disclosure.

"We Are Doneski Gorgeous!"
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Re: 01/29/2013 Live Update

Postby Unique » Tue Jan 29, 2013 10:30 am

AAPL $455 target reached. Now the question remains, will SPXU get 10% or 2% this week
Restarted the AAPL blog into E-mini S&P 500 Trading Blog , see here: http://aapltechnicals.blogspot.ca/
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Re: 01/29/2013 Live Update

Postby Cobra » Tue Jan 29, 2013 10:31 am

open below neckline, so possible double top and tinted area the text book target.
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Re: 01/29/2013 Live Update

Postby L_T » Tue Jan 29, 2013 10:33 am

Cobra wrote:please be noticed, I've revised the weekly stock picks last night. A narrow range consolidation is now a must, this can give you a closer stop loss, therefore allowing a better gain lose ratio. Please check the revised picks here: viewtopic.php?f=10&t=808&p=115600#p115600


I like the new tighter ranges. Note LVS and EMN both report this week (LVS after close tomorrow and EMN Thursday).
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Re: 01/29/2013 Live Update

Postby Unique » Tue Jan 29, 2013 10:36 am

AAPL update since target reached
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Restarted the AAPL blog into E-mini S&P 500 Trading Blog , see here: http://aapltechnicals.blogspot.ca/
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Re: 01/29/2013 Live Update

Postby gappy » Tue Jan 29, 2013 10:36 am

‘the petrodollar is our currency and our problem’....Gappy
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Re: 01/29/2013 Live Update

Postby Cobra » Tue Jan 29, 2013 10:37 am

$TLT still is not out of danger, consolidate above the support is bad for $TLT bulls. need sharp rebound here.
https://stockcharts.com/public/1684859/ ... 132765947;

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Re: 01/29/2013 Live Update

Postby dr659 » Tue Jan 29, 2013 10:38 am

Cobra wrote:open below neckline, so possible double top and tinted area the text book target.

Approx. where is that target 149.35ish :?:
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Re: 01/29/2013 Live Update

Postby Al_Dente » Tue Jan 29, 2013 10:45 am

Counterpoint to the treasury bears, yesterday
“Bull Market in Treasurys Far From Over…”
http://blogs.wsj.com/marketbeat/2013/01 ... economics/
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Re: 01/29/2013 Live Update

Postby Cobra » Tue Jan 29, 2013 10:46 am

dr659 wrote:
Cobra wrote:open below neckline, so possible double top and tinted area the text book target.

Approx. where is that target 149.35ish :?:


not a valid breakdown yet, but no harm to know the target.
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Re: 01/29/2013 Live Update

Postby ClarkW » Tue Jan 29, 2013 10:46 am

Nice gap up in GDX today, we shall see if she holds.
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Re: 01/29/2013 Live Update

Postby Al_Dente » Tue Jan 29, 2013 10:47 am

ClarkW wrote:Nice gap up in GDX today, we shall see if she holds.

i was just going to page you
nice call :mrgreen:
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