03/14/2013 Live Update

MrMiyagi · Post by **MrMiyagi** » Thu Mar 14, 2013 3:16 pm

BullBear52x · Post by **BullBear52x** » Thu Mar 14, 2013 3:28 pm

double top with reversal candle on SMH

KENA · Post by **KENA** » Thu Mar 14, 2013 3:32 pm

Mark wrote:I am very eager to see an update to this chart, can somebody help? tomorrow can be a big down day if it confirms.

Give me 5 to clear up some items and I will post a new one.

Denali92 · Post by **Denali92** » Thu Mar 14, 2013 3:37 pm

VERY honest and very appropriate.

We are squeezing, squeezing, squeezing during an opex week let alone a quad witch .... like we have never done in the past 6 years... there have been more than a few opex weeks and quad witch weeks that have gone straight up.... but none that started the week with very high stochastics on both a weekly and daily basis that has kept on going.....

There have been 16 opex weeks where SPY's weekly stochastic was 90 or higher the week before.

Most of these had elevated daily stochastics, but only did not correct at least somewhat during the week. Here are the months that share some similarities to this week:

Feb 2013: Mon low and a Wed high and then a top post opex

May 07: Mon Low, down on Thursday, but then a gap up on Friday and a minor top the Wed post opex, but we had sold off a bit to start the week (unlike this week and we had also had a 23 pt correction the previous week)

Mar 2010: What to me is the closest to what we have experienced - but we had a Monday low, a Wednesday top and then a Monday after bottom

Aug 2012: This is possibly the closes comparison to this current opex week - Mon low (though an inside day to Friday's range and almost touched the lows of the previous Friday) and then a sharp move up on the Thursday and a slightly higher high on Friday before we minor topped out on the Tuesday after....

Anyway, it is an unusual opex week for certain and while I still expect a top of some sort between tomorrow and next week around the FOMC, I must admit that the playbook on post employment and opex week hourly sell signals has not worked at all this week.. so I will just keep providing the stats and let people make up their minds on the possible scenarios.

-D

Cobra wrote:I have no idea what the market is doing.

skittlesmds · Post by **skittlesmds** » Thu Mar 14, 2013 3:38 pm

Hi All,

I know I haven't posted in a while and wanted to let yall know why. I got an offer to work back in the oil & gas industry and it was like a "Godfather" offer. It was something that I couldn't refuse. I don't have time to trade anymore but still look at the live updates as much as I can which for now is very little as I'm busy. The work that I am doing is near OK City.

Just wanted to come on here to say hello while I had a few minutes during trading hours.

I miss posting and talking with all of yall.

Post by **Cobra** » Thu Mar 14, 2013 3:40 pm

testing the day high indeed. the pattern looks good, just 20 min to close now.

gappy · Post by **gappy** » Thu Mar 14, 2013 3:40 pm

skittlesmds wrote:Hi All,

I know I haven't posted in a while and wanted to let yall know why. I got an offer to work back in the oil & gas industry and it was like a "Godfather" offer. It was something that I couldn't refuse. I don't have time to trade anymore but still look at the live updates as much as I can which for now is very little as I'm busy. The work that I am doing is near OK City.

Just wanted to come on here to say hello while I had a few minutes during trading hours. I miss posting and talking with all of yall.

X-lent for you Skits! Keep in touch now.

MrMiyagi · Post by **MrMiyagi** » Thu Mar 14, 2013 3:41 pm

gappy · Post by **gappy** » Thu Mar 14, 2013 3:41 pm

Denali92 wrote:VERY honest and very appropriate.

We are squeezing, squeezing, squeezing during an opex week let alone a quad witch .... like we have never done in the past 6 years... there have been more than a few opex weeks and quad witch weeks that have gone straight up.... but none that started the week with very high stochastics on both a weekly and daily basis that has kept on going.....

There have been 16 opex weeks where SPY's weekly stochastic was 90 or higher the week before.

Most of these had elevated daily stochastics, but only did not correct at least somewhat during the week. Here are the months that share some similarities to this week:

Feb 2013: Mon low and a Wed high and then a top post opex

May 07: Mon Low, down on Thursday, but then a gap up on Friday and a minor top the Wed post opex, but we had sold off a bit to start the week (unlike this week and we had also had a 23 pt correction the previous week)

Mar 2010: What to me is the closest to what we have experienced - but we had a Monday low, a Wednesday top and then a Monday after bottom

Aug 2012: This is possibly the closes comparison to this current opex week - Mon low (though an inside day to Friday's range and almost touched the lows of the previous Friday) and then a sharp move up on the Thursday and a slightly higher high on Friday before we minor topped out on the Tuesday after....

Anyway, it is an unusual opex week for certain and while I still expect a top of some sort between tomorrow and next week around the FOMC, I must admit that the playbook on post employment and opex week hourly sell signals has not worked at all this week.. so I will just keep providing the stats and let people make up their minds on the possible scenarios.

-D

Cobra wrote:I have no idea what the market is doing.

KENA · Post by **KENA** » Thu Mar 14, 2013 3:41 pm

The chart for Mark

: chart by stocktiming

joeynickels · Post by **joeynickels** » Thu Mar 14, 2013 3:42 pm

skittlesmds wrote:Hi All,

I know I haven't posted in a while and wanted to let yall know why. I got an offer to work back in the oil & gas industry and it was like a "Godfather" offer. It was something that I couldn't refuse. I don't have time to trade anymore but still look at the live updates as much as I can which for now is very little as I'm busy. The work that I am doing is near OK City.

Just wanted to come on here to say hello while I had a few minutes during trading hours. I miss posting and talking with all of yall.

Best wishes for your happiness and success.

Out of Bounds · Post by **Out of Bounds** » Thu Mar 14, 2013 3:42 pm

The market is having an orgasm and I am the guy with the mop.

Post by **Cobra** » Thu Mar 14, 2013 3:43 pm

target met. looks like more.

Post by **Cobra** » Thu Mar 14, 2013 3:45 pm

members only update at 3:45pm
http://www.cobrasmarketview.com/2013/03 ... ay-update/

uempel · Post by **uempel** » Thu Mar 14, 2013 3:46 pm

1 min update looks bullish again:

jademann · Post by **jademann** » Thu Mar 14, 2013 3:47 pm

nice gap into friday am..

Unique · Post by **Unique** » Thu Mar 14, 2013 3:48 pm

Apple · Post by **Apple** » Thu Mar 14, 2013 3:49 pm

Out of Bounds · Post by **Out of Bounds** » Thu Mar 14, 2013 3:52 pm

Anyone know max pain for SPY? My program is not working

Post by **Cobra** » Thu Mar 14, 2013 3:54 pm

well, guess that's it for today. Seasonality tomorrow is just a little bit bearish biased as Dow down 3 of last 4, according to stock trader's almanac. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

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