06/05/2013 Live Update

[Cobra]

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Global ES kind like Descending Triangle, as it tested the previous low 3 times, so any more test we'd see a breakdown. Let's see.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/06 ... ay-update/

[joegamma]

Odd that we rejected tuesday lows in premarket (so far -slightly below closing levels, might be illiquidity)...
still a bit long but feels like a good day for another plunge, GLTA boardies and VOTE FOR THE KING

, I am nervously eyeing teesday closing levels of junk and hyg, GL

[joegamma]

Trin is correlating more with spy, careful of false signals intraday, not any extreme extremes from Cobra "Tricks" yet, but getting close on dailies, here is

2hr

[BullBear52x]

/ES fib, a breakdown I will shoot for 1607.xx

[Al_Dente]

Mortgage applications down -11% for the week
ADP employment 135k vs forecast 165k

[BullBear52x]

Keizai san, SPX wedge.

[Unique]

viewtopic.php?f=2&t=944&p=132465#p132465

ES Update
Key time, no overnight 1620 break still. Easy money potential is upon us if finally breaks this morning

Last try bears Or else BTFD bots come again!

[Unique]

viewtopic.php?f=2&t=944&p=132430#p132430

AAPL Update

Back to bottom of blue channel, patience too strong in this one

[TraderGirl]

Indicators suggest large move coming...so if we can break support, could get a large move to the downside today...

Large moves are typically 15 SPX pts or more....

[Al_Dente]

EWJ gapped down

[SERVO]

viewtopic.php?f=2&t=944&p=132430#p132430

AAPL Update

Back to bottom of blue channel, patience too strong in this one

Thanks Unique, I like your updates!

[gappy]

GLTA.

cs.PNG

[Al_Dente]

blue line is aussie/yen carry trade
30 min

[KeiZai]

Keizai san, SPX wedge.

Yep or flag? We will see soon

[gappy]

blue line is aussie/yen carry trade
30 min

65audjpy_png.png

AUDJPY4_1.png

http://dkdeathorglory.blogspot.com/2013 ... report.com

[Cobra]

I'm neutral here until yesterday low is taken decisively. wait.

[gappy]

Time for 4x1 Gann bounce?

spx.png

[Cobra]

members only update at 10:08 am
http://www.cobrasmarketview.com/2013/06 ... ay-update/

[Mr. BachNut]

Still short.
Still humble in my expectations for the trade as bears have failed all year.
Still expect position to get stressed if not killed.

Something has changed though.
I feel like recent trading is going differently then what I have been conditioned to expect.
I thought we would get an overnight ramp over resistance last night.
Little stuff like that isn't happening as much. Hmmm...

My summation index signal is down.
My composite trend signal flipped to down last night but weakly. A pop could flip it back up easily.

We have a NYMO oversold condition that continues to build.
While that argues to take profits on shorts, there is a problem.
Some of the best market cliff dives initiate from an oversold condition. (bears waiting to short a bounce get to watch...)
That is not the likely scenario, but these are the scenarios that provide the all important asymmetric returns. So, I want to hold some exposure if I can...at least for awhile.
So, I'll watch how things develop and perhaps adjust position size and stops.