07/17/2013 Live Update

[Cobra]

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Bears couldn't break down below the range so now it's bull's turn. It's the 3rd time testing the range upper band now, so more likely we'll see breakout.

[Cobra]

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

[Harapa]

SP500 return after 2 days of testimony.

http://blogs.marketwatch.com/thetell/20 ... needtoknow

[Mr. T]

"We're never going down again!!!!"

[fehro]

mind the morning gap on SPX 60m

[fehro]

SPX 15m

[KENA]

The Dorsey Wright P & F BPNYSE is now in X's again. Usually this will stay for a few weeks. So maybe look for another up trend after this pull back off hi's is satisfied. Looks like the mkt wants to break 1700 and higher. So lets see.

[fehro]

too early... but some lines on SPX 15m

[KENA]

Liquidity is still holding in there...Hi liquidity means mkt up.

chart by stocktiming

[Cobra]

morning hourly black bar again. $SPY
http://stockcharts.com/public/1684859/c ... /286407830;

[fehro]

Bernanke Q&A in minutes... 10am EST

[Cobra]

members only update at 10:06 am
http://www.cobrasmarketview.com/2013/07 ... ay-update/

[Al_Dente]

ben
live
http://www.zerohedge.com/node/476505

[daytradingES]

Well perhaps best to be out -
I forgot about BAD BEN blab

[L_T]

IWM has already made higher highs (intraday 5 minute). Smallies have been leading for a while now. SPY to follow?

[Mr. BachNut]

Long. No change.
Moving up stop to below yesterday's low.
While the index pinocchio'd a lower low yesterday, the future (TF) made a higher low.

My summation index signal is up.
My composite trend signal is up.

The Mr. T market continues..."we are never going down again!!!"...

Someone from Mars would be scratching their head..."You mean to say that things are so bad that your central bank has to inject $85 bln a month and keep real interest rates negative which makes things so good that your equity markets make all time highs?!?!..." Yep. And they can't stop...or else...

[auger]

IWM has already made higher highs (intraday 5 minute). Smallies have been leading for a while now. SPY to follow?

That has been the expectation trumpeted around the web for this entire rally, from the June bottom. Yet, SPX and INDU have not followed...

[daytradingES]

bb vid
http://screencast.com/t/Xn0lFyDV0sf

lots of uncertainty today and estimates are pretty vague
high 78-82.50 with possibility of sickening ramp to 88 area
low 69 to 1666
trend for the day should be up but who knows?

watch 1679 area for possible failure

[L_T]

IWM has already made higher highs (intraday 5 minute). Smallies have been leading for a while now. SPY to follow?

That has been the expectation trumpeted around the web for this entire rally, from the June bottom. Yet, SPX and INDU have not followed...

I'm talking intraday. I've noticed also that IWM has consistently had better "structure" for trading than SPY for weeks now (higher % breakouts that follow through, patterns that "make sense", etc.).

[auger]

I'm talking intraday. I've noticed also that IWM has consistently had better "structure" for trading than SPY for weeks now (higher % breakouts that follow through, patterns that "make sense", etc.).

I realize you're talking intraday. Your point about structure is what I was alluding to regarding lack of follow through with large caps