08/30/2013 Live Update

[Cobra]

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Doesn't look good. It's a typical 3 Push Up with the 3rd push up failed to make a new high, so now it's bears' turn.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/08 ... ay-update/

[fehro]

SPX 5m, 60m. Break the long term green line, could see a sharp down move. Volume "should" be light today as it's long weekend.

[gappy]

GLTA.

gold.PNG

[Out of Bounds]

OK. I'll bite.
Short 164.20.

[TraderGirl]

SPX... bearish wedge with 5 wave structure down...

[fehro]

possible minor bullish falling wedge should we chop around for a couple of hours between the pink and green line... break down.. watch the red line.. break that.. could see a very sharp down move. SPX 5m

[ALdaytrade]

Entered a long position, fast stochastics for $VIX, %K 91.64 and %D 78.35, very high???

[Out of Bounds]

Entered a long position, fast stochastics for $VIX, %K 91.64 and %D 78.35, very high???

Long VIX?

[Al_Dente]

the strongest (QQQ) is weak today

[wayne0708]

Waiting for Negative Div anb sign of roll over in VIX to initiate some quick long positions.

[KENA]

The Dorsey Wright BPNYSE dropped only 0.10% yesterday..I would expect a drop to the O's today if the mkt drops a fair amt.

[ALdaytrade]

Entered a long position, fast stochastics for $VIX, %K 91.64 and %D 78.35, very high???

Long VIX?

Sorry, I was not clear.

Long $spx.

Short $vix.

[Cobra]

members only update at 10:03 am
http://www.cobrasmarketview.com/2013/08 ... ay-update/

[fehro]

careful... SPX 5m

[Cobra]

target not sure.

[jack black]

I just sold my XLF puts bought yesterday. Probably money left on the table, but feels like VIX should drop some more before next wave of selling. Bought HL calls instead on a nice dip.

[TraderGirl]

Entered a long position, fast stochastics for $VIX, %K 91.64 and %D 78.35, very high???

Long VIX?

Sorry, I was not clear.

Long $spx.

Short $vix.

ADT...you see the bearish wedge? SPX sitting right around support with neg d...btw indicators suggest a big move coming...plus my charts indicate we fall at the end of the day...that sets us up for slicing through support later today/early next week...be careful on the long side here....

[fehro]

SPX 60m... green line is from Nov 2012 lows uptrend line

[Mr. BachNut]

Short. Added a unit yesterday (at eumpel's Gaan grid resistance ).
Still have capacity to add another unit.

My summation index signal is neutral. A strong rally today could turn it up, but end of month signals are suspect.
My composite trend indicator signal is down. Still on the mat...

Some long setups based on the summation index are coming into view.
So, I could end up with mixed signals and mixed positions in coming days (ugh).
Meanwhile, my trend signal looks bleak.
Price is down a bit but holding up OK for now.
I guess after Labor Day folks will get back to their desks and push a button to buy or sell.
I wish I had a clue...