06/20/2013 Live Update

[MrMiyagi]

Anyone see a bounce tomorrow?

[TWT]

$SPX: The 20 wma = 1584 is too close. Logical place for the bottom of the w (1) of (C)

[Cobra]

members only update at 3:41 pm
http://www.cobrasmarketview.com/2013/06 ... ay-update/

[TraderGirl]

I posted this chart previously...indicating successful backtests of this triangle structure is dangerous for the market...

[joegamma]

Somebody must have sneezed.

But, seriously, you HAVE to believe that Bernanke crashed the market deliberately.
He is not stupid.

He MUST have realized that his hints at tapering/ending QE would result in interest rates shooting upwards
resulting in nuclear winter for the now struggling economy.

Anyone want to care to weigh in?

i am a bright guy too and thought the same of Ben....was legging out of the flighttoquality trade by buying back my equity puts and holding TLT....after TIP auction I was not feeling so bright and am now reconsidering if fringe blogs are correct about their negative assessment of Ben's understanding of market reactions......

[Al_Dente]

t2.PNG

Gappy could u offer us some bla bla on how primary dealers ARE NOT ALLOWED TO SELL and JUST MOVING STUFF AROUND
and NO END-USER BUYERS……..………………. etc…
Thx

[Apple]

XLE: Another gap.

[MrMiyagi]

VIX over 21.

[TraderGirl]

Another that I posted was this one of the XIV...a break below the 200 ma has lead to a considerable selloff...the problem is that there is not much history to understand future price action...getting close to measured move...but it looks like it may slice through it...

[fehro]

Anyone see a bounce tomorrow?

off the channel? daily

[Unique]

Bulls or Bears, either side counter trend is no easy entry. well still way oversold however I look at it. dead cat bounce that's all I am asking for.

Careful if they embed the oversoldness signal then next Major support area is 1575-1578, which is the 100DMA

ES Update, both ES and SPY are at Extreme Oversold signals on hourly now. Price no reversal yet still. Major support 1575-1578, patience pays well.

SPY filled the 5/2 gap now.

Almost time to back up the truck Please Mr.Market

Time to start loading up, fire sale Patience, yes

[gappy]

t2.PNG

Gappy could u offer us some bla bla on how primary dealers ARE NOT ALLOWED TO SELL and JUST MOVING STUFF AROUND
and NO END-USER BUYERS……..………………. etc…
Thx

Will try again to find that tonight, big tout now is illiquid credit, same deal as 2008. Can't understand the ramifications offhand, sorry.

[BullBear52x]

one word today if you are bulls


Meow

have a good one all of you diehard traders. I will trade /ES all night tonight so.......I am up.

[Unique]

one word today if you are bulls


Meow

have a good one all of you diehard traders. I will trade /ES all night tonight so.......I am up.

No bathroom or snack breaks today, BIG MONEY for momentum traders

[Cobra]

well, guess that's it for today. I've explained enough to member what might be the next, so no more blah blah here. thank you guys, I'll see you tomorrow.

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

[uempel]

Update:

[KeiZai]

Pff what a crazy day again, let's see if tomorrow is gonna be "good old" market or another bloody friday


Have a good one folks!

[joegamma]

members only update at 3:41 pm
http://www.cobrasmarketview.com/2013/06 ... ay-update/

THANKS COBRA...."CLOSE GREEN" MEANS FRIDAY CLOSE SHOULD BE HIGHER THAN TODAY CLOSE OR
FRIDAY OPEN>FRIDAY CLOSE?



Since people are asking: What a back to back Major Distribution Day means (2 days in a row NYSE Down Volume : NYSE Up Volume >= 9). The statistics below shows about 6 out 7 chances in the last 2,000 trading days, SPX would close in green the next day

[HenryR]

members only update at 3:41 pm
http://www.cobrasmarketview.com/2013/06 ... ay-update/

THANKS COBRA...."CLOSE GREEN" MEANS FRIDAY CLOSE SHOULD BE HIGHER THAN TODAY CLOSE OR
FRIDAY OPEN>FRIDAY CLOSE?



Since people are asking: What a back to back Major Distribution Day means (2 days in a row NYSE Down Volume : NYSE Up Volume >= 9). The statistics below shows about 6 out 7 chances in the last 2,000 trading days, SPX would close in green the next day

Green close is closed above today's closing 1588

[Cobra]

members only update at 3:41 pm
http://www.cobrasmarketview.com/2013/06 ... ay-update/

THANKS COBRA...."CLOSE GREEN" MEANS FRIDAY CLOSE SHOULD BE HIGHER THAN TODAY CLOSE OR
FRIDAY OPEN>FRIDAY CLOSE?



Since people are asking: What a back to back Major Distribution Day means (2 days in a row NYSE Down Volume : NYSE Up Volume >= 9). The statistics below shows about 6 out 7 chances in the last 2,000 trading days, SPX would close in green the next day

Higher than today's close.