02/11/2013 Live Update

Post by **Cobra** » Mon Feb 11, 2013 10:02 am

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Flat open, so any gap will be filled.

My wild-est-est-est guess is the Global ES might have a pullback today because I see small 3 Push Up on the chart. That said as long as the blue line hold, bulls are OK. In fact, bears need a sharp pullback, any small and slow pullback only means it's just a pullback.

Post by **Cobra** » Mon Feb 11, 2013 10:06 am

Weekly stock picks are here: viewtopic.php?f=10&t=822&p=117406#p117406

Post by **Cobra** » Mon Feb 11, 2013 10:06 am

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

Post by **Cobra** » Mon Feb 11, 2013 10:08 am

the rebound on DAX does not look good, may resume down sometimes later, I guess.

Richarab · Post by **Richarab** » Mon Feb 11, 2013 10:08 am

Good morning...
Bears are welcome for some Arabic coffee and dates at my place....

Harapa · Post by **Harapa** » Mon Feb 11, 2013 10:22 am

Momentum Block

Global Equity Futures: US Bullish, EUR Bearish
Key Currency Pairs: Bearish (Bearish SPY)
SP500 Futures are above the trend line break out. Target for rectangle breakout is ~1530. When currency traders are on the fence, moves up in SP500 are blunted while moves down are exaggerated. Caution is warranted.

Note: This is my way of gauging traders sentiment across markets. It is not a precise timing setup.

Richarab · Post by **Richarab** » Mon Feb 11, 2013 10:29 am

Please. Have some coffee... It's strong yet delicious ..

Post by **Cobra** » Mon Feb 11, 2013 10:33 am

the open.

L_T · Post by **L_T** » Mon Feb 11, 2013 10:41 am

Richarab wrote:Please. Have some coffee... It's strong yet delicious ..

Rich Arab you still do exist

Where is the "I am here" part of your post?

L_T · Post by **L_T** » Mon Feb 11, 2013 10:42 am

Richarab wrote:Good morning...
Bears are welcome for some Arabic coffee and dates at my place....

Hope you didn't lose your shirt at Trader VIX......

JFR · Post by **JFR** » Mon Feb 11, 2013 10:59 am

Snapshot ... A sea of red ...

Tutti · Post by **Tutti** » Mon Feb 11, 2013 11:00 am

Just a bigger picture look at things:
Since the 2009 rally began, the SPX has moved 11.3%, 9%8.8% & as of Fridays high 6.6% away from its 12month SMA before we have seen a mean reversion to back below the 12month SMA (although the last 2 pullbacks never closed below it). It's interesting to note that as this cyclical bull has aged that the moves away from this MA have trend lower. Right now the mean sits at 9%.

Richarab · Post by **Richarab** » Mon Feb 11, 2013 11:02 am

L_T wrote:
Richarab wrote:Good morning...
Bears are welcome for some Arabic coffee and dates at my place....
Hope you didn't lose your shirt at Trader VIX......

yes. i did. its is well documented here.. thankfully i have a hairshirt underneath....

Post by **Cobra** » Mon Feb 11, 2013 11:04 am

members only update at 10:04 am
http://www.cobrasmarketview.com/2013/02 ... day-update/

Post by **Cobra** » Mon Feb 11, 2013 11:09 am

nothing new, as long as blue line hold, bulls are OK. as long as no sharp pullback, it's not bear attack.

Unique · Post by **Unique** » Mon Feb 11, 2013 11:15 am

My AAPL target has been reached. Be careful. Today determines stop at 480-485 or rocking till 495...

L_T · Post by **L_T** » Mon Feb 11, 2013 11:18 am

IWM looks relatively weaker than SPY (intraday 5 min).

uempel · Post by **uempel** » Mon Feb 11, 2013 11:21 am

This is last week's chart - resistance up at 1518 is still holding.

Green cycle signal for today and March futures ran up to 1516.75 before the opening, but so far SPX doesn't show the strength to climb any higher

I'm not yet sure in which direction the move will occur...

quientuves · Post by **quientuves** » Mon Feb 11, 2013 11:23 am

Cobra wrote:nothing new, as long as blue line hold, bulls are OK. as long as no sharp pullback, it's not bear attack.

Broken it is... Target 1200?

I'd take 1495 too...

KENA · Post by **KENA** » Mon Feb 11, 2013 11:38 am

Note the chart below..The 30 day strength is tending lower..The bottom chart the breakout direction indicator did break thru its support and is tending lower..Compare with the past months on the charts and maybe the bears might have some hope..Lets see.

: chart by stocktiming

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