12/26/2013 Live Update

[Cobra]

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I see nothing wrong, normally, this bull shall have legs.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/12 ... ay-update/

[maldini]

Morning, Cobra.
Long time no see (still remember me? .
Merry Christmas!

[Sank1]

Hi,

Will we see 1775 on SPX and 1125 on RUT again? Reason I ask is that I'd like to get out of my short at breakeven, and this inexorable grind upwards has me gnashing my teeth.

Thanks,

[maldini]

leap put?

[Cobra]

Morning, Cobra.
Long time no see (still remember me? .
Merry Christmas!

Thanks, you too, happy holiday!

[Cobra]

members only update at 10:06 am
http://www.cobrasmarketview.com/2013/12 ... ay-update/

[Cobra]

Range, wait for breakout or breakdown. most likely a breakout though.

[maldini]

Break out (up) is coming.

[Cobra]

breakout, target.

[maldini]

Boring.
Today's best trade for me was from qqq

[KENA]

By stocktiming..90 + year of the Dow. Notice the 1 year spike dn after hitting the top of wedge. consensus is the Fed will not let the mkt drop and will try to prop it up for 1 to 6 months extending the mkt up to break the wedge and go higher.If they do the outcome will not be good for the overall mkt. So now we wait and see what happens.

[Al_Dente]

This month copper broke out above its daily 200ma. It hasn’t been above its 200ma since February.
It’s now in a confirmed breakout of the neckline of the inverted H&S.
It may pullback to test the 200ma, but strength in copper is usually indicative of strength in the overall economy.

Long-term weekly: it is still in a descending triangle, so it still has a lot to prove

[Al_Dente]

hourly cumulative volume index

hourly A/D exceeded its inverse H&S target

[Mr. T]

Com'on Miyagi QQQ P-Bar

[Al_Dente]

“Amazon peak day orders a positive indicator, says RW Baird
Amazon had discontinued reporting on its Peak Day orders in 2011 and 2012, but reported this morning that Cyber Monday orders rose 39% from 2012's peak day to 36.9M items, said RW Baird. The firm says the data adds some visibility to its Q4 revenue growth estimate of 23% for Amazon and keeps an Outperform rating on the stock, though notes that it prefers to add to positions on pullbacks.

“Amazon SSS [same store sales] up 39% Holiday to date, eBay SSS up 21%, ChannelAdvisor says
Amazon.com's (AMZN) same-store sales for November 28-December 15 are up a "date shifted" 39.0% compared to last year, according to ChannelAdvisor. eBay's (EBAY) SSS are up 20.9% compared to last year over the same period, the research firm estimates

[Cobra]

target met. 50% chances of double top.

[Heck]

Boy who cried wolf Dept
Overvalued EQ opening long calls/puts = 246% suggest sell here
http://www.ise.com/market-data/isee-index/

[Al_Dente]

VIX is approaching a double bottom with 15 Nov which was 11.99
We may see an oversold VIX bounce, then it could resume lower toward the Aug low of 11.83 and the March yearly low of 11.05
This is day three of SPY piercing her upper bolinger band… she’ll need a bit of a breather soon…

[uempel]

Cobra, the daily SPX has made a nice staircase without overlap these last few days. I've been looking up the candlestick patterns at Bulkowki and Murphy and have not found it - do you have better eyes than I?