12/27/2012 Live Update

[Cobra]

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Small gap up, within yesterday's range, so the gap might be filled.

Key time on Global ES, as it's the 2nd time testing the yesterday's rebound high and (maybe) kiss the Pennant goodbye, so no failure allowed here for bulls. I'm neutral.

[Out of Bounds]

SHORT in premarket at 141.80

[Cobra]

Euro back tested the breakout point then rally again, looks good.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2012/12 ... ay-update/

[Cobra]

the open.

[Out of Bounds]

SHORT in premarket at 141.80

Closed at 141.69 .... and I'm done for the day.

[Cobra]

gold pullback as expected. the rebound appears weak, so it may take awhile before a bottom shape can be seen. https://stockcharts.com/public/1684859/ ... /124844123;

[KENA]

Watch the 200 ema cross at 1419..If breaks thru with some strength the mkt could see 1400/ 1395.

[gappy]

Watch the 200 ema cross at 1419..If breaks thru with some strength the mkt could see 1400/ 1395.

Consumer Confidence - Level

73.7

70.0

64.8 to 79.0 Watching this in 4 minutes.

[Cobra]

target I'm not sure.

[L_T]

Cobra would this chart follow the rule of buying the first touch of EMA 20 because of the strong uptrend? Thanks.

[Mr. BachNut]

Market Neutral. Holding longs and shorts.

My composite trend signal remains positive. It has been deteriorating but the bullish percentage component is holding firm.
My summation index signal went negative yesterday. It can be early (as well as wrong) but it is signaling a change in trend.
I think it will take until after new years to sort things out in terms of a clear turn or resumption of uptrend.

I have been anticipating two way trade during the holidays, and we have seen the sell side of that so far.
I am guessing we will see a buy side soon.
The jackals have swept up a lot of long in last week's overnight plunge and yesterday's stop run. They'll want to mark that up and exit.
The weakness of the last few days has also drawn in short interest.
Between a year-end mark-up, new year buying and some short squeeze, conditions are shaping for an up move.
If we don't see a rally start, I'll get very concerned...

I am neutral, but I expect to be doing some trading in out and around my positions over the next few days.

[KENA]

The Institutional selling is nearing distribution area..If dn good today the mkt could see some good distribution.Wait and see.

chart by stocktiming

net.png (17.39 KiB) Viewed 16096 times

[Petsamo]

My GDX is staying buoyant. Go figure.

[Harapa]

VIXies Update:
VIXies short term setup remains bearish for equities.

[gappy]

What made these gaps?

[Petsamo]

What made these gaps?

Maybe the dividend price adjustment

[gappy]

What made these gaps?

Maybe the dividend price adjustment

[Petsamo]

What made these gaps?

Maybe the dividend price adjustment

That gap is not present at marketwatch.com or stockcharts.com

[dr659]

Consolidation means continuation?