02/05/2013 Live Update

[Cobra]

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.


Huge gap up but within yesterday's range, so not sure if the gap will be filled or not.

Key time on Global ES as it can be seen as kiss channel goodbye (50% chances), on the other hand if indeed it is kiss channel goodbye, bears need decisively break the thick blue line below to seal the deal.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/02 ... ay-update/

[Al_Dente]

Good Morning Cobra

MHP, McGraw Hill, the parent company of Standard & Poor’s, dropped 13.78% yesterday

Yesterday, our Justice Department filed civil fraud charges against S.& P., “which during the boom years reaped record profits as it bestowed gilt-edged ratings on complex bundles of home loans that quickly went sour”.
http://dealbook.nytimes.com/2013/02/04/ ... h_20130205

“Settlement talks between S.& P. and the Justice Department broke down … after prosecutors sought a penalty in excess of $1 billion and insisted
that the company admit wrongdoing…That amount would wipe out the profits of McGraw-Hill for an entire year. S.& P. had proposed a settlement of
around $100 million…”

[bushwaffle]

1499 overnight....hmm

[KeiZai]

GM dollar is very close to first target then we will see what's coming next


O: viewtopic.php?f=2&t=816&p=116495#p116495

today's dip is likely a buy (indexes)

GL

[Harapa]

Momentum Block
Global Equity Futures: Neutral
Key Currency Pairs: Mildly Bullish (3/1 Bullish/Bearish)
SP500 Futures resting at a trend line of significance. Breakdown target is ~1487

[Cobra]

the open.

[uempel]

Momentum Block
Global Equity Futures: Neutral
Key Currency Pairs: Mildly Bullish (3/1 Bullish/Bearish)
SP500 Futures resting at a trend line of significance. Breakdown target is ~1487

Very good support at 1485ish: the DMA 20 and the ATR P&F both show the significance of 1485ish. I'll close hedge and go long at that level. Classical P&F (not shown here) shows support at 1472ish, any break below 1472 (closing basis) is bearish...

Check lower band of BB13/1 and MA 20 at 1485

Check support 1483.5

[Harapa]

Momentum Block
Global Equity Futures: Neutral
Key Currency Pairs: Mildly Bullish (3/1 Bullish/Bearish)
SP500 Futures resting at a trend line of significance. Breakdown target is ~1487

Very good support at 1485ish: the DMA 20 and the ATR P&F both show the significance of 1485ish. I'll close hedge and go long at that level. Classical P&F (not shown here) shows support at 1472ish, any break below 1472 (closing basis) is bearish...

Thanks
Watching 1485

[gappy]

Super caldera ground swell! http://www.youtube.com/watch?v=UpGZPONR ... WQ&index=1 Good mornin and good luck/skill. http://www.youtube.com/watch?v=Iv37WERow8Y

[uempel]

Introducing a big ellipse which points to Friday:

[Cobra]

biggest bar after series push up and volume surge, so might see a pullback or consolidation here. overall, this bull has legs.

[Al_Dente]

“UBS has shaken up its pay scheme, becoming the first big bank to give thousands of senior bankers bonuses in the form of bonds that can be wiped out if the lender fails to meet capital requirements.”

http://www.ft.com/intl/cms/s/0/47d6e2ae ... z2K24tR7Ly

[skittlesmds]

100+ up on Dow (Fri), 100+ down on Dow (Mon), 100+ up on Dow (Tues).

Is Volatility back with a vengeance?

[Al_Dente]

$NYADV >2100

[Cobra]

members only update at 10:06 am
http://www.cobrasmarketview.com/2013/02 ... ay-update/

[gappy]

Good Morning Cobra

MHP, McGraw Hill, the parent company of Standard & Poor’s, dropped 13.78% yesterday

Yesterday, our Justice Department filed civil fraud charges against S.& P., “which during the boom years reaped record profits as it bestowed gilt-edged ratings on complex bundles of home loans that quickly went sour”.
http://dealbook.nytimes.com/2013/02/04/ ... h_20130205

“Settlement talks between S.& P. and the Justice Department broke down … after prosecutors sought a penalty in excess of $1 billion and insisted
that the company admit wrongdoing…That amount would wipe out the profits of McGraw-Hill for an entire year. S.& P. had proposed a settlement of
around $100 million…”

mcgr.png

Yowza! http://www.youtube.com/watch?v=Ju5NztMnQxE

[skittlesmds]

Good Morning Cobra

MHP, McGraw Hill, the parent company of Standard & Poor’s, dropped 13.78% yesterday

Yesterday, our Justice Department filed civil fraud charges against S.& P., “which during the boom years reaped record profits as it bestowed gilt-edged ratings on complex bundles of home loans that quickly went sour”.
http://dealbook.nytimes.com/2013/02/04/ ... h_20130205

“Settlement talks between S.& P. and the Justice Department broke down … after prosecutors sought a penalty in excess of $1 billion and insisted
that the company admit wrongdoing…That amount would wipe out the profits of McGraw-Hill for an entire year. S.& P. had proposed a settlement of
around $100 million…”

mcgr.png

Yowza! http://www.youtube.com/watch?v=Ju5NztMnQxE

I guess since they aren't a "Too Big To Fail" Bank that they don't get any sweetheart settlement deals.

[Mr. BachNut]

Light Long.

I almost went neutral yesterday at the lows but two things stopped me. One, price reached a natural sell stop location and, rather than downdraft, it just stuck there. So, the stops got swept but the dip buying was strong. Two, the Dow did not make lower low.

Composite trend signal is up (yawn). A little erosion in some stats yesterday for the first time in awhile.
Summation signal is up but will flip to down if today's McClellan Oscillator closes negative (may not judging by the strong open this morning).
A down signal would open up a possible counter trend short for me.

[Mr. BachNut]

Good Morning Cobra

MHP, McGraw Hill, the parent company of Standard & Poor’s, dropped 13.78% yesterday

Yesterday, our Justice Department filed civil fraud charges against S.& P., “which during the boom years reaped record profits as it bestowed gilt-edged ratings on complex bundles of home loans that quickly went sour”.
http://dealbook.nytimes.com/2013/02/04/ ... h_20130205

“Settlement talks between S.& P. and the Justice Department broke down … after prosecutors sought a penalty in excess of $1 billion and insisted
that the company admit wrongdoing…That amount would wipe out the profits of McGraw-Hill for an entire year. S.& P. had proposed a settlement of
around $100 million…”

mcgr.png

Yowza! http://www.youtube.com/watch?v=Ju5NztMnQxE

I guess since they aren't a "Too Big To Fail" Bank that they don't get any sweetheart settlement deals.

You got that right. S&P was an accessory to the wrongdoing, not the main perpetrator(s). [Insert passionate rant here.]

Sort of makes any downgrade of U.S. Treasuries conflicted and awkward...