07/12/2013 Live Update

[Cobra]

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Could be a small 3 Push Up in the forming, so might see a pullback of some kind here. Break below the blue horizontal line would double top. The pattern is too small to be a real threat to bulls though.

[Cobra]

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

[fehro]

SPX 15m

[wayne0708]

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

SPX makes higher high today 1675.64

[Mr. BachNut]

Long. No change.
Stop moved up to under yesterday's low.

My summation index signals are up.
My composite trend indicator signals are up.

Market internals have improved a lot, but the delta in price compared to the delta in technicals still looks dramatic.
I continue to scratch my head about this. Whenever things look off or unusual, it makes me uncomfortable, but we'll roll with what Mr. Market gives us.
I continue to have overbought readings. So, I expect a dip to take out my long at some point.
All things remaining the same, the dip will be bought.
I am interested to see if today's close shows the bulls take some risk off heading into the weekend.

[KENA]

Can't fight liquidity..Mkt may have a pull back off hi's (short term ) but then I think it may continue its up trend. Lets see.

chart by stocktiming

[Al_Dente]

note XIV 5min

[fehro]

SPX 5m

[L_T]

Out of Bounds you lurking or is he on a trading vacation?

[Cobra]

double bottom, so might be the low in for today.

[Cobra]

members only update at 10:25 am
http://www.cobrasmarketview.com/2013/07 ... ay-update/

[Al_Dente]

one min

[xfradnex]

Someone big is playing

[Cobra]

double bottom breakout. text book target $167.89.

[BullBear52x]

new development that show topish/overbought relief pull back is very near. weak DBV and overbought NYMO/NAMO negative closed on MO will confirm short term overbought(or MO sell signal on my read)

[xfradnex]

Double Top?

[BullBear52x]

Island reversal on GLD

[Cobra]

my guess, we might have a head fake here.

[springheel_jack]

I posted this chart last night on twitter. Channel resistance 1680-2? Worth watching IMO:

[xfradnex]

Island reversal on GLD

Going lower BB? http://www.thepatternsite.com/islandrev.html