05/02/2013 Live Update

[uempel]

15 min to go, check Al's 1 min chart as to the direction

http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250236810

The attachment 44.png is no longer available

Sooooo, spare one minute to tell me what this chart is all about and what I am looking for to indicate change of direction?

Ok, ok. Al_Dente's chart shows us indicators/markets which help us determine the direction of SPX: next to ticks and advancing/declining issues (green/red) it shows vix, treasuries (both dotted) spy and spy volume. The moves of all this helps us to see what's going on...

Note that this is intellectual property of Al_Dente, he'll send you an invoice

[Unique]

Sold long at 159.09
I'm out running errands all day
see y'all tomorrow

Don't worry you won't miss much, inside day

Neutral.

My composite trend signal is neutral, but could turn up today or tomorrow with positive closes.
My summation signal is up, but it could turn down for the R2K today or tomorrow with weak closes.
A conflicted market...?

Still sitting. My signaling could get me long or short or both by the end of the week.
Not particularly excited about that as my gut is saying range trade with maybe some mildly higher highs sprinkled in for the month of May.

A block of text but no charts/numbers

[jarbo456]

valid breakout in aapl yet?

maybe a small C&H.

whoever targeted $460...i like the target. may look to add to my aapl position via calls if this breakout holds.

[Cobra]

I consider the C&H target met. neutral to bullish biased here.

[Al_Dente]

Ok, ok. Al_Dente's chart shows us indicators/markets which help us determine the direction of SPX: next to ticks and advancing/declining issues (green/red) it shows vix, treasuries (both dotted) spy and spy volume. The moves of all this helps us to see what's going on...
Note that this is intellectual property of Al_Dente, he'll send you an invoice

The attachment 456.png is no longer available

uempel
Thanks boss, u r a very kind and handsome person
That’s an "oldie but goodie"
These days I’m using a version of this for longs (inverted for shorts)
Edit:
For shorts:
NYDNV:NYUPV
NYDEC:NYADV
VIX
TRIN

[uempel]

Did anybody trade DAX this morning? What happend at 8:30 a.m. (EDT) was kind of phenomenal. While Draghi was speaking up 0.8% (up to the high BB 20.2 on the daily) and then down 1.5%. I managed to make a bit of money, but I didn't manage to get in a short at the top because index was falling too rapidly. I'm not a high frequency robot, it was difficult to sell at the top, market was falling too rapidly. I made a bit of money, but nothing big. I missed a great opportunity

[rocket]

Being so close to it, I believe we will tag the SPY pbar from yesterday at $159.75..

[Al_Dente]

Uemp:
So THAT’S WHY the currency pairs went honey badger this morn
eur/usd hasn’t recovered

[L_T]

I'm not high frequency robot, it was difficult to sell at the top, market was falling too rapidly. I made a bit of money, but nothing big. I missed a great opportunity

Inexcusable! We will have to upgrade you to a newer model immediately!

[gappy]

Great-Wallet-of-China.jpg

http://www.youtube.com/watch?v=XUNgQ03D2qA

[TWT]

$NDX: 11-wave legged advance = TZZ. This should be the final wave of the EWP

[Cobra]

2nd target met. this bull has legs.

[1der]

Great-Wallet-of-China.jpg

http://www.youtube.com/watch?v=XUNgQ03D2qA

Ah!!! That is why VISA (V) is up $11.47 ( almost 7%) today!

[fehro]

SPX 60m

[fehro]

http://www.aaii.com/sentimentsurvey/sent_results

[uempel]

Checking on SPX:

[Mr. BachNut]

Neutral.

My composite trend signal is neutral, but could turn up today or tomorrow with positive closes.
My summation signal is up, but it could turn down for the R2K today or tomorrow with weak closes.
A conflicted market...?

Still sitting. My signaling could get me long or short or both by the end of the week.
Not particularly excited about that as my gut is saying range trade with maybe some mildly higher highs sprinkled in for the month of May.

A block of text but no charts/numbers [/quote]

Apologies for the lack of visuals and numbers.

Here is a chart of my R2K summation model. It is essentially a McClellan Oscillator and summation index calculation on just the R2K combined with an oscillator of my own design. The lines are signals (basically 2 days of aligned movement on all 3 indicators). A higher high or lower low after a signal is required to trigger a trade. These are marked by triangles (on) and diamonds (off).

Converting my composite trend signal into a chart is on the to do list. The signal is a scoring of a collection of indicators 74% + correlated to intermediate term trends. It seems to turn a little faster than Cobra's non-stop but slower than his impulse.

[fehro]

SPX 60m with fewer lines, ascending triangle? within a larger bearish wedge?

[uempel]

I'll be scalping SPX 1602 - high risk, but resistance up there should hold

[Cobra]

members only update at 11:33 am
http://www.cobrasmarketview.com/2013/05 ... ay-update/