02/07/2013 Live Update

Post by **Cobra** » Thu Feb 07, 2013 9:59 am

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Flat open, so any gap will be filled.

The Global ES looks good, could be an ascending triangle in the forming, so the bias is up. Especially the previous high has been tested 4 times, so most likely it won't stand for the 5th test.

Post by **Cobra** » Thu Feb 07, 2013 10:02 am

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

Harapa · Post by **Harapa** » Thu Feb 07, 2013 10:16 am

Momentum Block

Global Equity Futures: Bullish, except DAX
Key Currency Pairs: Mildly Bullish (3/1 Bullish/Bearish)
SP500 Futures are against a resistance. The current pattern can be a rectangle or ascending triangle. If this pattern is true expect a move of 20 points on SP500 Futures if and when it breaks the upper resistance line. Alternatively it can pay a visit to ~1489 without violating the pattern. However, if it breaks the lower trend line expect another 20 point downside.

victorm · Post by **victorm** » Thu Feb 07, 2013 10:17 am

euro dropped 100 pips, ECB ...?

Royal Flush · Post by **Royal Flush** » Thu Feb 07, 2013 10:23 am

victorm wrote:euro dropped 100 pips, ECB ...?

Synchronous with the jump in UI claims to 366k from 361k although it seems like an over reaction.

L_T · Post by **L_T** » Thu Feb 07, 2013 10:25 am

Interesting divergence between the overall market and junk bonds. Maybe a warning for things to come or just caution at extended levels?

Al_Dente · Post by **Al_Dente** » Thu Feb 07, 2013 10:30 am

BBRY
“BlackBerry Inc. is reportedly showing early signs of strong demand for its new Z10 smartphone...”
... but.....
http://www.marketwatch.com/story/blackb ... ry_popular

Post by **Cobra** » Thu Feb 07, 2013 10:31 am

the open.

TraderJoe · Post by **TraderJoe** » Thu Feb 07, 2013 10:34 am

Al_Dente wrote:BBRY
“BlackBerry Inc. is reportedly showing early signs of strong demand for its new Z10 smartphone...”
... but.....
http://www.marketwatch.com/story/blackb ... ry_popular

And they won't be in the US until march. I think the stock may go through the roof???

L_T · Post by **L_T** » Thu Feb 07, 2013 10:35 am

Al_Dente wrote:BBRY
“BlackBerry Inc. is reportedly showing early signs of strong demand for its new Z10 smartphone...”
... but.....
http://www.marketwatch.com/story/blackb ... ry_popular

Blackberry ha ha. The year 2006 is calling and they want their phone back......

KeiZai · Post by **KeiZai** » Thu Feb 07, 2013 10:36 am

Morning

some today's charts

euro: in the c-wave down

DX
O: viewtopic.php?f=2&t=818&p=116930#p116930

DAX
had a breakout from the wedge I closed long scalps here (7650) now in wait and see mode

US ST bullish to max to +- 1525 there I will short it heavily

ClarkW · Post by **ClarkW** » Thu Feb 07, 2013 10:36 am

Are we making another higher low in UVXY? Heck if I know...

kenttown · Post by **kenttown** » Thu Feb 07, 2013 10:45 am

Down -30, close up 50. Same story every dip. I seriously don't get who is risking long this market. Limited upside, unlimited downside.

Daniel-David · Post by **Daniel-David** » Thu Feb 07, 2013 10:46 am

UUP above the 50 day MA for first time since early Jan.

gappy · Post by **gappy** » Thu Feb 07, 2013 10:50 am

kenttown wrote:Down -30, close up 50. Same story every dip. I seriously don't get who is risking long this market. Limited upside, unlimited downside.

http://www.youtube.com/watch?v=ZfrpQ-edx_Y

Al_Dente · Post by **Al_Dente** » Thu Feb 07, 2013 10:57 am

TraderJoe wrote:
Al_Dente wrote:BBRY
“BlackBerry Inc. is reportedly showing early signs of strong demand for its new Z10 smartphone...” ... but.....
http://www.marketwatch.com/story/blackb ... ry_popular
And they won't be in the US until march. I think the stock may go through the roof???

Morning Joe:

kenttown · Post by **kenttown** » Thu Feb 07, 2013 10:59 am

UVXY 15min slow stochs 5,3,3 giving really nice buy sell signals past 2 weeks

uempel · Post by **uempel** » Thu Feb 07, 2013 11:00 am

gap up wrote:
kenttown wrote:Down -30, close up 50. Same story every dip. I seriously don't get who is risking long this market. Limited upside, unlimited downside.
http://www.youtube.com/watch?v=ZfrpQ-edx_Y

Squeezing can be very profitable

uempel · Post by **uempel** » Thu Feb 07, 2013 11:02 am

SPX 1 min chart:

ClarkW · Post by **ClarkW** » Thu Feb 07, 2013 11:03 am

kenttown wrote:UVXY 15min slow stochs 5,3,3 giving really nice buy sell signals past 2 weeks

uvxy.png

Very nice! Thanks Kenttown!

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