11/21/2013 Live Update

[Cobra]

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Possible double bottom every morning so one day it'd work, don't know if today is the day, I'm neutral.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/11 ... ay-update/

[gappy]

Hightower. glta.

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[BigChief]

Well, I find myself at support in the rising channel, if price can't rebound in the SPY 1hr chart here and move higher, I will have to follow my stops, momentum continues to show a sign of a rebound possibly.

[KeiZai]

GM DAX update: viewtopic.php?f=2&t=1126&p=148417#p148417

Indeed, structure from the lows could be counted as very impulsive and this looks very bullish atm with potential MM even to 9380, so if bears mean bussiness they have to use handbrake very very soon

Short-term count

[joegamma]

Thanks Keizai, TRIN says stay long (so far),need to break downtrend by spike above 1.30-1.35 while correlation with prices is still negative.

playing with a renko, frindly trindicator looks like downtrend in trin may be ending

[joegamma]

very minor mo-mo and breadth volume bull-divergence with wednesday lower lows, where to addshorts?

[KeiZai]

Thanks Keizai, TRIN says stay long (so far),need to break downtrend by spike above 1.30-1.35 while correlation with prices is still negative.

The attachment 1121trin.png is no longer available

playing with a renko, frindly trindicator looks like downtrend in trin may be ending

The attachment 1121trindicator.png is no longer available

Bears need to break the support to see some selling pressure so far RSI and TL support gets bought aggressively, there is nothing bearish till then

ES

[KeiZai]

Thanks Keizai, TRIN says stay long (so far),need to break downtrend by spike above 1.30-1.35 while correlation with prices is still negative.

The attachment 1121trin.png is no longer available

playing with a renko, frindly trindicator looks like downtrend in trin may be ending

The attachment 1121trindicator.png is no longer available

Bears need to break the support to see some selling pressure so far RSI and TL support gets bought aggressively, there is nothing bearish till then

ES

The attachment ES-ca.png is no longer available

Here is another look, bulls are also not out of the woods yet

[joegamma]

wait n see how smalls develop range here 10955/60 to 11025/35, small chance of shortsqueez toward 11060 later this morning?

and then, what to do about the Uempel ellipse 2morrow?

[stlwater]

SOX

[champix]

Do it or die on CL. Still hanging over the cliff.
I keep my remaining short short under 96 USD with the final target @ 79 ?

[KeiZai]

SOX

and broke the relative outperformance trend yesterday

[stlwater]

SOX

and broke the relative outperformance trend yesterday

[Mr. BachNut]

Neutral.

My summation signal is neutral. It could possibly turn down tomorrow or next week if the market doesn't firm up.
My composite trend signal is up. This has been consistently solid, but floor thresholds have been creeping up to indicator levels. So, it could get quite sensitive ahead.

Just waiting for a signal at this point...
Working on other markets in the meantime.

[KENA]

Royal Flush..You are right that Thanksgiving is not the best of bullish weeks,although most times going into the week long and out on strength on Fri has been fairly good. Pick your days Mon/Tue to enter,but you must buy stock that has pulled back off highs. Anyway lets see what next week will bring.

[joegamma]

feels like more shorts to sqeez, not shorting iwm here but maybe 40 tics higher, covered a few o/n calls around 11050

[grachu]

coba, did you remember what is the seasonality for Thanks giving and the market . going into next week ?

[Cobra]

nothing to say, it's testing resistance area. maybe pullback is buy, maybe.

[KeiZai]

In case of squeeze here after getting back to channel this seems to be likely scenario

(premature)