07/02/2013 Live Update

[Cobra]

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Watch horizontal blue line, breakdown below it would be 1-2-3 Formation, the pattern is not big enough to be a real threat to bulls though, so I'm neutral here, need wait and see. If I remember correctly, it's the very first time the overnight futures didn't make a new high?

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/07 ... ay-update/

[fehro]

some possible lines to watch on SPX5m... messy.. so channels may not work. fwiw.

[1der]

fwiw: TSLA - Tesla - Not available for Short via IB

[Unique]

AAPL Update - Just passed the first 413 major res/gap fill, gonna try for 418 then.
Oversold bounce looking very decent so can't treat this as deadcat bounce anymore, have to adapt to real time reversals to see.

viewtopic.php?f=2&t=976&start=20#p135516

[FlowerGirl]

pBar Reading:
I am sure non of you believed in this.
viewtopic.php?f=2&t=976&start=140#p135635
But here we are......
Correction yesterday = the size of small up pointing pBar. I am expecting rebound equal to the size of large down pointing pBar

[Cobra]

very strong open so normally this bull should have legs.

[Me XMan]

Time for a good squeeze? I'll take a look and see.

Seriously it can go as high as $150 before dying.

fwiw: TSLA - Tesla - Not available for Short via IB

[Unique]

ES Update hourly - Couldn't break the 1620.75 res yesterday, pretty clear rejection happened. Now we trying again

viewtopic.php?f=2&t=976&start=40#p135527

[Cobra]

members only update at 10:14 am
http://www.cobrasmarketview.com/2013/07 ... ay-update/

[Cobra]

resistance area, so might see pullback here first. not sure.

[fehro]

cleaner 5m SPX . fwiw.

[Unique]

GOOG Update - No decisive action at the 891 trigger since low volume week so can't really play on continuations. Patience, have to wait till next week to avoid being trapped and robbed

viewtopic.php?f=2&t=976&start=40#p135522

[Mr. BachNut]

Partial Short.
I have been holding out for a good price at the trend convergence to top off.
Starting to run out of time though.

My summation index confirmed up yesterday.
However, it is reading overbought (enough to be shortable) for the S&P.
The R2K is looking good, though another good day could push it into overbought territory.

My composite trend signal is still very down. It barely lifted its head off the mat as of yesterday.
While price and breadth have been strong, the other internals for this rally have been quite weak.
Price rules, but this rally leaves a lot to be desired.

Given an overbought S&P and a host of problematic internals, I'll stick with working a short unless it stops out, which is possible in a thin holiday market.
I'll review the R2K tonight to figure out whether to put some on long. It would be a lot more attractive after there has been some kind of test of the June 24 low.

[ALdaytrade]

My Fast Stochastic K% for HVI.To is at 100% and the D% is at 71.43%, so very, very close to a short position here.

[TWT]

$SPX: So far the ED idea looks ok

[ALdaytrade]

My Fast Stochastic K% for HVI.To is at 100% and the D% is at 71.43%, so very, very close to a short position here.

More importantly, $VIX is at K% .93 and D% 7.23 on my Fast Stochastic setting, so a short position is soon here.

[Cobra]

2nd test of the day high, key time. better no pullback here. consolidation is better.

[Unique]

Time for a good squeeze? I'll take a look and see.

Seriously it can go as high as $150 before dying.

fwiw: TSLA - Tesla - Not available for Short via IB

Patience, wait 1 more day close above 115 and BTFD next week. Elon train so fun

[MrMiyagi]