01/07/2013 Live Update

[Cobra]

Dollar pullback may have started, but I think it's just a short-term pullback.
https://stockcharts.com/public/1684859/ ... /276865556;

[ellenlin]

Hi Cobra, Can you please comment on the pull back targets for SPY? Thanks! I think it could go to 142.73, 50% Fib retracement.
It is also the neckline for the 9/13 to 10/23. I maybe wrong because I am new in learning about charts.

[Cobra]

Q&A: Earlier I said CREE looked OK, but today's gap down changed the picture, it's a small double top now.

[JFR]

Bullish Percent Index for the S&P 100 ...

Does anyone here use Point and Figure charts, or the related bullish percent indexes? I have not relied on them (looking at them more often now), but it seems they give good confirmation for trend.

[flrtrader]

Bears need to show off power by breaking 145.34 if they mean business.

Agreed!! I'm short from friday looking for 143.40 ish to exit

I will take 80% of the lot off and let the other 20% runs, what if the mid line doesn't hold.

Oh your saying 145.34 and under that the trap door could open? Maybe so but I'm looking for a gap fill es at 1423 and 143.25ish spy... I'll follow you!!

[flrtrader]

Will short every pop till then

[Out of Bounds]

Bought FB 29.38
out at 29.40

[Out of Bounds]

Mood is very negative. When and if SPY revisits the 5 minute 20EMA I will short. that's Cobra's sticky line.

[BullBear52x]

Bears need to show off power by breaking 145.34 if they mean business.

Agreed!! I'm short from friday looking for 143.40 ish to exit

I will take 80% of the lot off and let the other 20% runs, what if the mid line doesn't hold.

Oh your saying 145.34 and under that the trap door could open? Maybe so but I'm looking for a gap fill es at 1423 and 143.25ish spy... I'll follow you!!

taking profit never hurt, especially during consolidation phase. bears will sleep better if 145.34 is taken out. and gap area is definitely a key zone.

[BullBear52x]

internals, bottom planes, bears need more work to do there.

[Out of Bounds]

Mood is very negative. When and if SPY revisits the 5 minute 20EMA I will short. that's Cobra's sticky line.

Close enough. Short 145.58

[Heck]

Bullish Percent Index for the S&P 100 ...

Does anyone here use Point and Figure charts, or the related bullish percent indexes? I have not relied on them (looking at them more often now), but it seems they give good confirmation for trend.

Yes.
They are useful lagging indicators used to confirm trend...

[Cobra]

rebound so far is weak. bears have hopes.

[Cobra]

possible rebound target. bulls need do more than that though.

[fehro]

highly speculative, and neckline is still subject to change.. but fwiw. H&S? SPX 15m

[KENA]

Bullish Percent Index for the S&P 100 ...

Does anyone here use Point and Figure charts, or the related bullish percent indexes? I have not relied on them (looking at them more often now), but it seems they give good confirmation for trend.

Have used them for years and yes they are good for trends and stock researsh.GT

[BullBear52x]

SPY is slowly moving to intraday sell spot, like most of the time all indexes must hit the sell/buy together before a big move. let see what the second mouse will do here, the early bird already done with their break fast.

[fehro]

SPX 60m

[Nage]

calm here.
calm before the storm?

[Al_Dente]

Q:
If you had moved 4.16 points last week, like XIV did… the biggest weekly bull move in her history… wouldn’t you want a breather?
Of course she’s only 2 years old, but still, that is > 28% in one week, oy
Weekly chart:
(bull divergence but it’s on the WEEKLY)