05/31/2013 Live Update

[Cobra]

resistance, volume surge, biggest bar, so the rebound might be over now. wait.

[BullBear52x]

I know everyone is looking for good Pos Div, TLT worth a look long term. Have a good weekend

[Cobra]

new low, indeed the rebound was over. now volume surge biggest bar again, let's see any rebound here first.

[Mr. BachNut]

Yet TRIN remains bull all day

TRIN at 0.71 on stockcharts for a while, I'm beginning to think there is a glitch

I think if advance decline is headed down like today but the volume on the advancing issues is relatively greater than the volume on the declining you can get a trin that looks like this.
So, I have to wonder what is driving the volumes here...
The TRIN has been low enough for long enough, I'll probably be getting an ARMs sell warning today. Seems odd as the market has been going nowhere.

Thanks Mr B
So: in a nutshell:
There is more volume flowing into advancing stocks, even though the actual number of advancing issues is very low (900). That indicates less (not broad) participation; fewer stocks are getting the juice (weak breadth); most are down (1900)

There is no “glitch” in the data.
I only like momentum divergence as a leading indicator, I hate divergences in the internals……..internals work best when they align properly…. intraday only….example: with nydec 1999, if trin would have cooperated, this would/could have been a down -100 to -150 point day….

Agree or disagree?
Intraday only

Agree. Seems we found some alignment now. Looks like TRIN going bear enough to prevent ARMs sell warning at the close.

FYI. Formula = (Advances/Declines)/(volume of advances/volume of declines)

[Cobra]

members only update at 3:43 pm
http://www.cobrasmarketview.com/2013/05 ... ay-update/

[Cobra]

rebound weak, might fail.

[TWT]

$SPX: Bears need more traction to the downside

[Cobra]

well, guess that's it for today. need dig a little before calling the next Monday, usually the very 1st trading day of month is very very bullish though. Thank you guys, I'll see you TONIGHT.

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

[MrMiyagi]

Power Hour brokeded today

[Al_Dente]

** THANK ** YOU ** COBRA **

Thank you to all boardies who post all those great charts and great chatter

[TWT]

$SPX: Triangle Kaput

[Mr. BachNut]

End of Day, End of Week, End of Month Close is a very bad dog.

Given width of the triangle, technical target would be ES 1588.

[TWT]

End of Day, End of Week, End of Month Close is a very bad dog.

Given width of the triangle, technical target would be ES 1588.

Muy Malo.jpg

1611-1597 is good enough for me

[Mr. BachNut]

End of Day, End of Week, End of Month Close is a very bad dog.

Given width of the triangle, technical target would be ES 1588.

Muy Malo.jpg

1611-1597 is good enough for me

Oh...alright...bears should not overstay their welcome...

[wayne0708]

Price is in the green area .

[Out of Bounds]

What the hell y'all?

...everytime I leave y'all wreck this place.