07/05/2013 Live Update

[Cobra]

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Testing the blue trend line so the bears' last hope of 3 Push Up still is possible. That said, 3 Push Up or not, this current bull should have legs, so to bears it's live or death but to bulls there're plenty of rooms allowing errors. Let's see.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/07 ... ay-update/

[wayne0708]

SPY 5 min

[wayne0708]

If clear upper resistances, potential bull targets are 61.8 fib level and yellow box

[Cobra]

members only update at 9:38 am
http://www.cobrasmarketview.com/2013/07 ... ay-update/

[wayne0708]

Double Bottom?

[uempel]

After US jobs-report DAX lost more than 2%, at the moment it is still down over 1%. I've never seen DAX behave so detached from other markets, and I've been following DAX for many, many years. I'm clueless as to what went on and what the significance of DAX weakness is (very glad that I didn't lose any money )

[TraderGirl]

TNX...and Bingo....5th wave cometh as mentioned here: viewtopic.php?f=2&t=969&p=135052&hilit=tnx#p135052

In that post I mentioned "I wouldn't buy bonds here...TNX still looks like it has another leg coming...then it would be nearing a possible trendline resistance...."

Now it's at resistance, we'll see how it goes here..

[Cobra]

what happened after morning black bar. I don't expect it to fail again. $spy
https://stockcharts.com/public/1684859/ ... /286407830;

[joegamma]

TNX...and Bingo....5th wave cometh as mentioned here: viewtopic.php?f=2&t=969&p=135052&hilit=tnx#p135052

In that post I mentioned "I wouldn't buy bonds here...TNX still looks like it has another leg coming...then it would be nearing a possible trendline resistance...."

Now it's at resistance, we'll see how it goes here..

THANKS TO YOU AND DR AL, I held a few short tlt....too bad I was not expecting a rally in spy

Interesting how the correlation spy vs tlt is working its way back to zero...was as high as +72 ( a peak that often saw reversals), has been coming down a bit earlier this week in hourly, now quickly reverting to norms.

Thanks for TNX charts, saved my tail from a horrible day

[joegamma]

these are the kind of sudden and large rate movements that are precursors to market crashes`, fwiw

Paging Dr Al: how bad is breadth this morning? looks pretty weak and not improving?

[Cobra]

tlt sharply down preparing QE to be over.

[wayne0708]

Cobra:
The hrly blk bar made me closed 1/2 of my long

[wayne0708]

Cobra:
How about the hollow red bar at start of rally, below that may be good spot for initiating long ?

[uempel]

Guys, be careful with your longs. Don't know if DAX is a leading indicator today, but it sure behaved bearishily

[Al_Dente]

these are the kind of sudden and large rate movements that are precursors to market crashes`, fwiw
Paging Dr Al: how bad is breadth this morning? looks pretty weak and not improving?

one min

[Daniel-David]

JJC, copper ETN, down nearly 4% today, and probing into multi-year lows.

[Daniel-David]

Fresh NYSE tick LOD, ca -800

[TraderGirl]

TNX...and Bingo....5th wave cometh as mentioned here: viewtopic.php?f=2&t=969&p=135052&hilit=tnx#p135052

In that post I mentioned "I wouldn't buy bonds here...TNX still looks like it has another leg coming...then it would be nearing a possible trendline resistance...."

Now it's at resistance, we'll see how it goes here..

THANKS TO YOU AND DR AL, I held a few short tlt....too bad I was not expecting a rally in spy

Interesting how the correlation spy vs tlt is working its way back to zero...was as high as +72 ( a peak that often saw reversals), has been coming down a bit earlier this week in hourly, now quickly reverting to norms.

Thanks for TNX charts, saved my tail from a horrible day

[Cobra]

Guys, be careful with your longs. Don't know if DAX is a leading indicator today, but it sure behaved bearishily

88.png

why DAX down 2%?