08/15/2013 Live Update

[fehro]

SPX still sitting on support.. so far..

[fehro]

starting to loose 50day SMA's

[joegamma]

SPY...

looks like more down, BUT r2k 10 min looks like dbl bottom, minor bull diverg...for brave or foolish or lucky...

[uempel]

This is only for the long term:

Two long term ratios I follow are SPX/Gold and USB/SPX. Both ratios suggest that the equity markets might not see new highs in the next few weeks - or even worse. If the USB/SPX ratio rises all the way back to 0.95 and breaks the grey line the bull is dead. But at the moment this is alarmist talk, I guess I sound like Prechter. Please don't take it too seriously

[jarbo456]

This is only for the long term:

Two long term ratios I follow are SPX/Gold and USB/SPX. Both ratios suggest that the equity markets might not see new highs in the next few weeks - or even worse. If the USB/SPX ratio rises all the way back to 0.95 and breaks the grey line the bull is dead. But at the moment this is alarmist talk, I guess I sound like Prechter. Please don't take it too seriously

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Great ratios!

[user13]

This is only for the long term:

Two long term ratios I follow are SPX/Gold and USB/SPX. Both ratios suggest that the equity markets might not see new highs in the next few weeks - or even worse. If the USB/SPX ratio rises all the way back to 0.95 and breaks the grey line the bull is dead. But at the moment this is alarmist talk, I guess I sound like Prechter. Please don't take it too seriously

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Great stuff Uempel, It almost looks just like a 2 legged measured move pullback on the SPX/GLD, before the next big leg.

[TraderGirl]

SPY...

looks like more down, BUT r2k 10 min looks like dbl bottom, minor bull diverg...for brave or foolish or lucky...

Looking at the count for RUT...I think it's quite possible we are only on wave 3, with wave v of 3 not yet complete....IMHO

[joegamma]

SPY...

looks like more down, BUT r2k 10 min looks like dbl bottom, minor bull diverg...for brave or foolish or lucky...

Looking at the count for RUT...I think it's quite possible we are only on wave 3, with wave v of 3 not yet complete....IMHO

Thanks,nice count,
maybe I should exit my calls now

ANY ONE HAVE STATS ON DAYS WITH $TICK HOD LOWER THAN 500? (or we may get a shortcoverpop latetoday).

[Cobra]

volume surge, day low, so might see rebound here. then we'll see.

[TraderGirl]

May or may not happen...seen it in the past...if this support gives on the XIV...we could cascade lower.....

[rhight]

TRIN seems very low at the moment. It usually pops on a downdraft.
Not sure what to make of it except that it looks off...

TRIN (components) = ( NYADV / NYDEC ) / ( NYUPV / NYDNV )

the component that is keeping TRIN low today is NYDNV, which is low (~300 now) compared tho NYUPV (~100 now). For TRIN to rise today, we need to see in uptick in Down Volume. The lack of volume means sellers have not poured in. I'm afraid to see what happens when sellers do show up.

Hope that helps

[Cobra]

this rebound shall have small legs.

[TraderGirl]

Dow...not sure if this is wave b of (5)...sometimes wave 4 similar height as wave (1) so could see more down, but don't know where wave (1) ended, so this is possible...

it also takes us down to that support level....

[Cobra]

mini target.

[fehro]

possible bullish falling wedge within a larger bear flag/ending diagonal? SPX 5m

[Mr. BachNut]

TRIN seems very low at the moment. It usually pops on a downdraft.
Not sure what to make of it except that it looks off...

TRIN (components) = ( NYADV / NYDEC ) / ( NYUPV / NYDNV )

the component that is keeping TRIN low today is NYDNV, which is low (~300 now) compared tho NYUPV (~100 now). For TRIN to rise today, we need to see in uptick in Down Volume. The lack of volume means sellers have not poured in. I'm afraid to see what happens when sellers do show up.

Hope that helps

Agree. Not consistent with a typical selloff and the impulsive price action we have seen.
Part of this could be programs related to OPEX...arbitraging their way to a settlement that enriches the market makers.
Part of this could be dip buyers stepping in.
Part of this could be complacency.
I am interested to see whether there is selling into the close or if it is well bid.

And yes, the bulls still have that solid green arrow coupon...

[Denali92]

Will also re-post tonight.

Extensive opex analysis of today:

http://www.cobrasmarketview.com/2013/08 ... ay-update/

-D

[wayne0708]

mini target.

let's buy the FD?

[jademann]

wheres the power hour guy?

[fehro]

SPX 15m