09/12/2013 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.

========================================================================================================================================================================

Need break the blue line decisively to make bearish pattern, either Double Top or 1-2-3 Formation.

[gappy]

Hightower blurb. glta.

Capture.PNG

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/09 ... ay-update/

[Harapa]

Happy Trading

[fehro]

SPX 60m

[fehro]

SPX 5m... mind yesterday's late interday gap

[Al_Dente]

Initial jobless claims came in green at 292k vs estimate of 30k

[simpletrader]

Initial jobless claims came in green at 292k vs estimate of 330k

due to a glitch in the system. WS games

[fehro]

Gap filled SPX 5m

[Al_Dente]

Initial jobless claims came in green at 292k vs estimate of 330k

due to a glitch in the system. WS games

Evidently a labor official said that two states did not report data following a computer system upgrade

[Cobra]

testing blue line. must decisively break it to be bear a little.

[Al_Dente]

R.I.P. Joe Granville
http://www.marketwatch.com/story/four-l ... 2013-09-10

[fehro]

Daily GDX needs to hold this trend line ... or the lows will be retested.

[jademann]

Looks like a slow day today, short term overbought?

Are they trying to force people who follow historical trends to lose again?

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2013/09 ... ay-update/

[Al_Dente]

XIV busts through double top

[Cobra]

this rebound may still have small legs.

[fehro]

SPX 5m... red channel? lower yellow area open gap from Sept 10

[Al_Dente]

XIV is already back-testing the breakout
IWM is weak this morn

[Mr. BachNut]

Long.

My summation index signal is up.
My composite trend signal is up.
I have an ARMs sell warning into next week.

I am sticking to my setups, but I remain cautious about this rally.
While price rules, a number of things I watch just do not show the kind of strength they usually do at the start of a run.
The gist of it is that the market is thin (and a bit overbought).
Said another way, the movie is good but if someone yells fire, it will be tough to exit the theater.
This nervous bull will try to enjoy the show but sit near the exit.
In the mean time, the ARMs sell warning is fading fast, and the trend is up.