04/01/2013 Live Update

[Cobra]

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Flat open, so any gap will be filled.

Global ES is hard to call here, needs wait and see. Because it can be seen as a breakout of Ascending Triangle then consolidates above the breakout point, which is bullish, but also before the blue line at the top is broken, it could be a small Double Top, so which way it is, we'll have to wait and see. Normally, since the trend is up, Double Top has a little bit lower odds than consolidation above the breakout point.

[Cobra]

The weekly stock picks are here: viewtopic.php?f=10&t=873&p=124661#p124661

[Cobra]

members only update is here: http://www.cobrasmarketview.com/2013/04 ... ay-update/

[L_T]

Remember we are in the midst of reverse and forward splitting of many Direxion ETF's:

http://finance.yahoo.com/news/direxion- ... 00249.html

[Out of Bounds]

Shorted this morning at yesterday's close.

[Cobra]

not a bad open. if bulls can simply consolidate here, then it's bullish. wait.

[TradingJackal]

YM. Tracking the pattern from the weekend post. If they mean anything, we should see weakness in the market soon.

[TradingJackal]

Half a diamond. Will it be a continuation pattern or a reversal?

[TradingJackal]

Hand over fist baby!!!

[Cobra]

must be a bad news, big red bar plus volume surge, wait. green line the support.

[L_T]

I'm watching SPY put options and the spread is all over the place---it's usually much tighter. Quite a nice move down.

[Out of Bounds]

I'm watching SPY put options and the spread is all over the place---it's usually much tighter. Quite a nice move down.

i'm trying to read the tape and it is just crazy. i thought we had a flash crash coming at first.

[Out of Bounds]

Closed shorts. neutral

[L_T]

I'm watching SPY put options and the spread is all over the place---it's usually much tighter. Quite a nice move down.

i'm trying to read the tape and it is just crazy. i thought we had a flash crash coming at first.

For a second the bid ask went from 2.02/2.04 or something like that to 2.02/3.50.

[Major]

I'm watching SPY put options and the spread is all over the place---it's usually much tighter. Quite a nice move down.

i'm trying to read the tape and it is just crazy. i thought we had a flash crash coming at first.

Mar. ISM Manufacturing Index: 51.3 vs. 54.0 consensus and 54.2 prior.

[Cobra]

members only update at 10:09 am
http://www.cobrasmarketview.com/2013/04 ... ay-update/

[Out of Bounds]

I'm watching SPY put options and the spread is all over the place---it's usually much tighter. Quite a nice move down.

i'm trying to read the tape and it is just crazy. i thought we had a flash crash coming at first.

Mar. ISM Manufacturing Index: 51.3 vs. 54.0 consensus and 54.2 prior.

I saw that. but the tape went nuts before the news broke.

[Out of Bounds]

a return to the 5 minute 20EMA and i will short again.

[Major]

I'm watching SPY put options and the spread is all over the place---it's usually much tighter. Quite a nice move down.

i'm trying to read the tape and it is just crazy. i thought we had a flash crash coming at first.

Mar. ISM Manufacturing Index: 51.3 vs. 54.0 consensus and 54.2 prior.

I saw that. but the tape went nuts before the news broke.

Insider front running?

[TradingJackal]

Here is another diamond half on YM. Break to the downside looks more plausible.