06/13/2013 Live Update

[SERVO]

$NYMO now at -56.8

[EvilTrader]

$NYMO now at -56.8

bullish or bearish for intraday ?

[learningT]

Hi, I need help.
I got the following link to the IWM chart from this forum (or discussion following Cobra's daily briefings) a while back (not sure from Al_Dent or Uemepl or someone else).
Anyway, I found the chart quite useful and was following it in the past few months.
However, just realized that sometime in mid-may, that chart stopped updating (though the link is still alive). any insight on what happened and whether/how I can get it back. TIA.
http://stockcharts.com/h-sc/ui?s=IWM&p= ... ta-change0
TM

it's an al dente chart
your link IS CURRENTLY UPDATING
it is a RENKO chart, and the last RENKO "brick" was about 17 May and it won't add another brick until the RENKO demands it
RENKO is always weird
on stockcharts, go to > HOME (top left)
then type RENKO in the box at top right >SEARCH THIS SITE
and study the weirdness that is always RENKO
GL2U

Thank you Out_of_Bound for quick response to my post.

Thank you Al_Dent for creating the chart (and share with us), also for the explanation. It is quite useful guide for me to get a "feeling about the current market pulse". Yes, it seems "stopped" after May 17.
A follow-up question, if RENKO chart behavior like this, then, when the next brick is to be added, will it be extreme "wide" brick or the x-axis (time-axis) is to be squeezed to be one-brick width, i.e., non-uniform x-axis.

TM

[TraderGirl]

Two resistance areas...downtrend channel, plus this broadening descending wedge (which is bullish on a breakout)...but there is also a turn around 12:45 or close...

[Al_Dente]

...A follow-up question, if RENKO chart behavior like this, then, when the next brick is to be added, will it be extreme "wide" brick or the x-axis (time-axis) is to be squeezed to be one-brick width, i.e., non-uniform x-axis....
TM

U want to be sure to back any renko chart with a real candlestick or OHLC (open-hi-low-close lines), so the renko boxes or “bricks” don’t mislead you.
“It's important to note that prices may exceed the top (or bottom) of the current brick. Again, new bricks are only added when prices completely "fill" the brick… It's also important to remember that Renko charts may not change for several time periods. Prices have to rise or fall "significantly" in order for bricks to be added.”
More here:
https://stockcharts.com/school/doku.php ... ysis:renko

[SERVO]

$NYMO now at -56.8

bullish or bearish for intraday ?

Not sure for intraday. For long term, we have more up.

[Cobra]

another bull flag, so the bias still is up.

[ALdaytrade]

Two resistance areas...downtrend channel, plus this broadening descending wedge (which is bullish on a breakout)...but there is also a turn around 12:45 or close...

Maybe then down to tag Mr. Miyagi's pbar at 161.80 then a nice rally to where ever!

Stop loss...

Or, other way around

[MrMiyagi]

!!!!!!! POWER HOUR !!!!!!!

[seemore]

Two resistance areas...downtrend channel, plus this broadening descending wedge (which is bullish on a breakout)...but there is also a turn around 12:45 or close...

Maybe then down to tag Mr. Miyagi's pbar at 161.80 then a nice rally to where ever!

Stop loss...

Or, other way around

There's still one more large block purchase pbar above us from 6/11:

4:03 pm $164.76 597,455 shares $98,438,537.91

Hard to imagine we'll get there today, though....

[Auole]

Thinking 'mules' if crude breaks to upside. weekly so U can see where the large TrndLines come from, then 2 hr charts to reference that to this
very interesting inverse HnS.
A positive side of this is walking would really improve calve muscles.

[1der]

There's still one more large block purchase pbar above us from 6/11:

4:03 pm $164.76 597,455 shares $98,438,537.91

Hard to imagine we'll get there today, though....[/quote]

Really??? Hard to imagine??? This market is the ANYTHING is possible fairy tale world of imagination

[MrMiyagi]

FOMC meeting Tuesday and Wednesday. Any turn dates with those?

[joegamma]

Outside reversal possible R2K, FWIW
L/T i am short and looking to add puts on rallies....

[ALdaytrade]

Two resistance areas...downtrend channel, plus this broadening descending wedge (which is bullish on a breakout)...but there is also a turn around 12:45 or close...

Maybe then down to tag Mr. Miyagi's pbar at 161.80 then a nice rally to where ever!

Stop loss...

Or, other way around

There's still one more large block purchase pbar above us from 6/11:

4:03 pm $164.76 597,455 shares $98,438,537.91

Hard to imagine we'll get there today, though....

What platform did you see this pbar on? I only saw pbars on TD Waterhouse.

[KENA]

Again a great dome..It my even have time to close at yesterdays hi.

[joegamma]

10min shows running outa steam IWM, but wait and see about volume (huge from 6/03 at these levels)

[seemore]

Two resistance areas...downtrend channel, plus this broadening descending wedge (which is bullish on a breakout)...but there is also a turn around 12:45 or close...

Maybe then down to tag Mr. Miyagi's pbar at 161.80 then a nice rally to where ever!

Stop loss...

Or, other way around

There's still one more large block purchase pbar above us from 6/11:

4:03 pm $164.76 597,455 shares $98,438,537.91

Hard to imagine we'll get there today, though....

What platform did you see this pbar on? I only saw pbars on TD Waterhouse.

I'm checking Nasdaq.com each morning/night for premarket & aftermarket activity & logging them when I find the trades. Every trade is shown; I just look for the big ones (at least 250,000 shares). Here's the basic link: http://www.nasdaq.com/symbol/spy/premarket
(and no, Miyagi, I'm not trying to take your place, I just find the amount of $ on these intriguing.)

[joegamma]

Again a great dome..It my even have time to close at yesterdays hi.

sorry I cannot upload charts daytime, do you have the DOME picture?

[Cobra]

members only update at 3:41 pm
http://www.cobrasmarketview.com/2013/06 ... ay-update/