09/13/2013 Live Update

[Cobra]

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For now, I'll read the pattern as Bull Flag, so it's a little bit bullish biased.

[Cobra]

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

[gappy]

From Hightower fwiw. GLTA the 13th.

Capture.PNG

[grachu]

cobra good morning when you get a chance . do you see a bull flag on apple ? on the 60 min

[Al_Dente]

Are options traders having problems with orders?

• *CBOE SAYS FIX USERS ON C2 PROBLEMS W/ORDERS, CANCELS, QUOTES
• *CBOE: SOME USERS CURRENTLY EXPERIENCING PROBLEMS ROUTING ORDERS

[wayne0708]

Gap Support?

[Al_Dente]

U Mich Sentiment at 10 ET

[Cobra]

members only update at 10:04 am
http://www.cobrasmarketview.com/2013/09 ... ay-update/

[Cobra]

cobra good morning when you get a chance . do you see a bull flag on apple ? on the 60 min

no. If you mean bear flag, yes, it's broken already. I just updated the members only intra-day update.

[rhight]

Good morning,

With regards to SPX, the overhead resistance can be defined as follows :

There is a Positive Price Reversal on the 15 & 60 min RSI(14) that calculates out to 1693.6
(If this is not met before a failure swing on the RSI, it can be indicative of a minor trend change.)
The 78.6% retrace of the August decline = 1692.1
The backtest of the broken neckline from the July/August top = 1693.9 for 9/13

There have been 21 closes between 1680 and 1700 since July, and only 3 closes above that.

[smith]

Here is my wall of worry that may help cause spy to break down (in no particular order):

Syria
10yr exceeding 3%
Tapering
U.S Budget debate
Debt ceiling debate
Fed Chair replacement
Housing slowdown


Did I miss anything significant for the next 4 weeks!!!

[Al_Dente]

friday 13th_png.png (120.87 KiB) Viewed 4982 times

[Cobra]

testing yesterday's low, might at least a pause here. noticed RSP has already taken yesterday's low so the bias favors bears a little here.

[daytradingES]

not trading today so I might as well post and embarrass myself!

H/L est 1692.50 1682.75 9.75

last Friday was a "down N"

good luck to all... :}

[Mr. BachNut]

Net long. Carrying long and short.

My summation signal is up.
My composite trend signal is up.
I have an ARMs sell warning into next week. Breaking this week's high would cancel it.

I remain cautious.
The ARMs sell warning may have triggered yesterday. Breaking yesterday's lows if it happens may be a confirmation.
I put on some short as a hedge (not big). I'll be out of it if the morning high is broken.
If the signal is a goer, closing the Monday gap may be a good target.

[Mr. BachNut]

I think this P-Bar can come off the to do list.

That's what I call a flash tag...

[rhight]

Additionally, on SPX the ADX is falling and <20, and below both the DI+ and DI- on the 15 min, 60 min, and Daily time frames.
This is interpreted as meaning that there is "no trend - use patterns, support and resistance, oscillator divergences and failures." And so, I propose that a fall below 1677 could presage a minor trend reversal. And, if seen as a lower high on the Daily chart, something more (really getting ahead of myself on that one).

[rhight]

As a caveat, the 5, 20, and 50 day sma's are all rising and below price. Although, the 20 and 50 are not bullishly aligned (yet).

[stlwater]

Corn long failed. Perhaps high corn prices are a thing of the past and the larger trend is down.

Coffee consolidating under 200MA 4-hour TF and down sloping trend line

took a small loss on gold long (don't like the weak reaction at this level) if we manage an "eve" bottom here and get the MAs back to bullish I may try again. If this level holds.

Semi/crude shorts going as planned.

long IACI, END.

[JFR]

pbar on SPY