02/15/2013 Live Update

[Cobra]

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Flat open, so any gap will be filled.

I see Symmetrical Triangle on the Global ES, so the bias is a little bit on the upside.

[Cobra]

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

[Cobra]

I read DAX as bear flag. Not very strong down bias though, say 60%.

[KeiZai]

Morning all


O: viewtopic.php?f=2&t=825&p=117830#p117830

DAX booked most of the profit after clear 5waves down, now playing the rebound, after I will short it again

GL

US market still sucks

[Unique]

AAPL - We had a classic limited range day just like anticipated, Apple still relatively easy to trade intraday when compared to SPY. Lets cut to the chase, the next 3 trading days is very important for the bulls (Feb 15, 19 and 20). As long as Friday's closing price is not decisively below $460, then on Feb 19 the bulls would have a high chance of a run up. However, in order to have a final confirmation of a LARGE leg(higher high to 500+), this must be followed by a Wednesday continuation run. Typically, Fridays are continuations of the week's current pattern and Monday is a new trend/direction with Tuesday being the final confirmation day. (Feb 18 is President's day) Same limited range as yesterday for Feb 15, $460-475. Stay nimble. See charts:

[kenttown]

Crude decoupled from SPY?

[Al_Dente]

[Tutti]

Presidents’ Day, Only Negative Holiday Before & After $SPY $DIA $QQQ $IWM
By Jeffrey A. Hirsch

Page 86 of the Stock Trader’s Almanac 2013, points out that Presidents’ Day is the poorest performing holiday of the eight holidays that are tracked. Unlike the others, the trading day before and the trading day after this three-day holiday weekend are both down on average over the past 33 years.

Depending on how February lays out in a monthly calendar, the Tuesday after Presidents’ Day is either the first trading day of option expiration week or the week after options expiration week. In the table below, the years when Presidents’ Day occurs in the week after option expiration are highlighted. In these years, losses on the day after tend to exceed the average loss for all years. 2013 falls into this category.

Regardless if the holiday is in the third or fourth week of February, the Friday before has a miserable track record with the least bad performance coming from the Russell 2000 small-cap index. It has managed to advance in 10 of the past 22 years. This modest outperformance could be attributed to the fading January Effect which is the tendency of small-cap stocks to outperform large caps from mid-December through mid-to-late February.

Presidents’ Day, Only Negative Holiday Before & After $SPY $DIA $QQQ $IWM

Link http://blog.stocktradersalmanac.com/pos ... IA-QQQ-IWM

[Tutti]

for those interested in a swing, this looks ready(maybe;-)

[gappy]

Vats, I sold covered calls on VELT that expire today, a break even deal. As the tide lifts all ships, if it rises with the market, I'll reconsider. No response needed. GLTyou.

[Cobra]

the open.

[ClarkW]

Al, I hope you own some DUST and participating in this move....ticked I'm missing out

[Al_Dente]

note DUST this morn

ps PAGING ALL GOLD
Please keep an eye out for this, and pls post when u find something, as this may goose gold price:

“Slowing gold demand may be about to get a catalyst to reignite, with the World Gold Council
predicting China will launch a physically-backed gold ETF this year.
A dream of goldbugs for years, the new product's launch has been paved by recent regulatory changes in the country, says the WGC.”

[Cobra]

my guess is right, indeed a breakdown on $GLD. Here's the potential target.
https://stockcharts.com/public/1684859/ ... /124844123;

[Al_Dente]

Al, I hope you own some DUST and participating in this move....ticked I'm missing out

I only have a nickel in it; “shoulda” loaded up the truck
How many days we been blabbing about how weak weak weak she is ??? oy
[edit: i'm NOT complaining just noting we were right oy]
chart soon

[Cobra]

look how many breakouts this week. Cannot believe people are not interested in my weekly stock picks.

[TraderJoe]

look how many breakouts this week. Cannot believe people are not interested in my weekly stock picks.

I bought and sold 4 of them this week

[Al_Dente]

clark here’s our little pissant
with my mm orange boxes already
[murphy’s law: dust will only gap 3 pts when u don’t own enuf]
oh, dang there’s the snake’s chart…………
clarkie u gotta enable yr disqus somehow…..what’s the prob anyway???

[gappy]

spx.png

http://www.youtube.com/watch?v=IKjnMMMYE-c

[Al_Dente]

Follow the inverted-dollar and bonds, update
The inverted-dollar is not confirming spy highs. Yield is confirming, but it is at the top of its channel