02/20/2013 Live Update

[Vaamsy]

If am looking at the charts of GOLD and SILVER right, they are hitting the bottom of the bull flag patterns today. Should be a IT bottom?

[Out of Bounds]

Is it time to wake up?

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2013/02 ... ay-update/

[Cobra]

RSP leads down, so today bears might have some chances.

[Al_Dente]

Fave currency pairs pointing down
Intraday

[gappy]

If am looking at the charts of GOLD and SILVER right, they are hitting the bottom of the bull flag patterns today. Should be a IT bottom?

FOMC today. No news is good news for PM bears. http://www.youtube.com/watch?v=cMAo0m4E4Lc

[Out of Bounds]

Dear Bear Market: http://youtu.be/Sy-K80FbwOE

it was either that or "Living on a prayer".

[TWT]

$SPX: Third Ending Diagonal Project

[Al_Dente]

COBRA
Glance at this
I use orange-dotted lines on my charts to signify “cobra targets”
Dude, I don’t even remember when, what date, I drew this/your target ??
Just wanted to show all that ANOTHER COBRA TARGET WAS HIT RIGHT ON
Keep up the good work, snake
Luv u

[Mr. BachNut]

Net Long. Carrying longs and shorts.
I have been stopping out of and in the short but it is accumulating some red.

My composite trend indicator is up.
My summation index signal is down, but a positive MO today would switch it back to up. A down day means stay tuned.
Because the MO has been coiling around zero, the summation index signal may be subject to whipsaw if it turns up.
Nonetheless, a switch to up would force me to consider the possibility that the recent consolidation in the trading may have been corrective and the upward climb continues going forward.
Bubbles happen.
It is also possible that MO moves up due to a final exhaustive thrust. This would be the 3rd push up for the summation index if it climbs from here. We'll have to watch and see.

I have been playing with some short hedge in the face of strong technicals out of caution given this sequester thing, which the market is ignoring.
There are 8 trading days until it goes into effect, and there appears to be a good shot it will.
As it lops about 60 basis points off of 2013 GDP growth, this would hit corporate profits, jobs, etc.
The market is probably right to be unconcerned about this (a last minute fix on deck) but some times the market picks a moment to become concerned and prices change suddenly.
So, I am staying long but trying to hedge a bit into month-end.

[Al_Dente]

[save for later]

Bob Farrell's famous “10 Rules of Investing” in chart form:
http://seekingalpha.com/article/1203561 ... ource=feed


“My daddy was a coal miner, and my mama was a Certified Financial Planner”
http://www.youtube.com/watch?v=emHIZiat ... 2980713189

[kenttown]

It's not just WMT

Today

1. CAT Asia/Pac sales down 12% on a 3-month rolling basis and North America down 11%
2. CMI lowered estimates

No doubt more to come.

[JFR]

JOY update ...

[TWT]

$VIX: A potential bottomning sequence

[JFR]

Wild JOY ride ... Will it go back up?

pbar alert

[Out of Bounds]

Cobra's 5 min chart.
Lots of long tails on top and bottom of candles.
http://stockcharts.com/public/1684859/c ... /290112007

[Cobra]

volume surge, not sure if it means anything, wait.

[Kato]

My JNK:SPY chart is sending out an early warning for the bulls. Remember the adage..."the stock market is the credit markets stupid little brother"

[Unique]

Almost time to scalp buy SPY 152.56 from last night

[Cobra]

volume surge, biggest bar, so might see rebound here. overall, bears still have chances because RSP still leads.