02/06/2014 Live Update

[Cobra]

this bull might have legs.

[joegamma]

btw that inverse in R2K was triggered with target minimum a=c 100% is around 1108

The attachment R2Kkk.png is no longer available

good call in the smalls, iwm back into Uncle Uemple 13 bb, (this chart a fe minutes old while internet crashed...)
also newhigh shows capitulation, (red histogram, when you get 2 strong dips within 4-6 days-first is usually a fade)
cautious but long, hoping to see the small and trannies begin to lead next few days and wary that they are not leading the uptick (yet)

[gappy]

Yen/SPY. 5 minute.

b.PNG

Weekly.

a.PNG

Make that dollar/yen to spy, but it's all about the currency wars.

[gappy]

Capture.PNG

[KeiZai]

btw that inverse in R2K was triggered with target minimum a=c 100% is around 1108

The attachment R2Kkk.png is no longer available

good call in the smalls, iwm back into Uncle Uemple 13 bb, (this chart a fe minutes old while internet crashed...)
also newhigh shows capitulation, (red histogram, when you get 2 strong dips within 4-6 days-first is usually a fade)
cautious but long, hoping to see the small and trannies begin to lead next few days and wary that they are not leading the uptick (yet)

The attachment rutday.png is no longer available

Thanks Joe nice chart, now it is all about overlap impulsive wave cannot return to W1-2 territory so in case of overlap odds are very high it was just a corrective wave (C-wave in this case) if not sky is the limit

[joegamma]

iwmrenko, double top until we break 110ish

and sds has some support athese levels so not getting too aggresive about buying highs

[Mr. BachNut]

Long. Shorts were cleared overnight.

My summation signal is down.
My composite trend signal is down.

I was hoping my shorts would hold until after NFP tomorrow, but alas here I am.
The action this morning improves the probability that a low is in for now.
However, given that the jackals took in a fair bit of inventory earlier this week, this may just be a stop run so they can clear the shelves.
We'll just have to see how things evolve.
Whether I win or lose on this campaign depends on where the long side of the book closes out. As I botched the long, any loss is leakage.
I don't have any short setups on deck at this point. If the rally continues, they may develop.
As there may be some volatility around NFP tomorrow, I may manage the long to capture some spread or avoid some damage.
Obviously if things fall out of bed, I'll be out.

[fehro]

VIX 15m. weak... broke messy H&S

[Cobra]

members only update at 10:40 am
http://www.cobrasmarketview.com/2014/02 ... ay-update/

[pezhead9000]

Spy - Currency comparison (USD/JPY; EUR/JPY)

[joegamma]

VIX 15m. weak... broke messy H&S

rvx not making new lows and
iwm not leading the charge, maybe its discounted because "juiced longs" got bruised and have yet to dip back in....iwm fail at 10990, and wait n see later today perhaps

[KeiZai]

SPX rectangle waiting for BO or BD

could be an ascending triangle so BO is more likely

SPX-range2.png

Did you catch that 90 point move down?

Morning Uempel haha no way I am not a Chuck Norris Dax was halted btw not all platforms are showing that spike, it is kind of tricky now do we have a new low or no? Little confusing but I am bulllish (ST?) on US market if we breakout from this range

SPX-range2.png

On the eurex exchange (Dax futures) limit down was reached ! A big sell order with no liquidity ! After 2 minutes of halted market, trading was back on track on pre-crash price! So Maybe the exchange gonna cancel the transactions...
Just for imagination, if you got your oder filled @ 9010 on the future for only 1 lot, 3 minutes later you would have won 5000 € / 7000 USD... not that bad !

Yeah that would be a nice trade I would buy there for sure it was a=c MM, now it is under investigation so we should know soon what happened...

"Trading in DAX futures was halted briefly earlier on Thursday due to excess volatility, though exchange operator Deutsche Boerse said it was very unlikely to have been triggered by a human error, or a so-called "fat finger" trade.
"We rule that out because our systems have various safety measures to safeguard against that," a spokesman for Deutsche Boerse said.
He said there have, however, been mis-trade filings, which Deutsche Boerse is investigating. "

OFF TOPIC: Russell a=c MM was met

[Zane]

tomorrow job report = bear ?

[fehro]

SPX 60m.. another look... horizontal resistance here... H&S? orange neckline?.. kinda messy... but it's there. fwiw.

[Mr. BachNut]

$ Yen just made an hourly close above downtrend line, 26 and 100 hour MA, and the Tuesday high.

It looks like a change in trend.

If there is a pullback and recent lows hold, it is a datapoint to support the notion that an equity low may be in too.

Yep... we're all currency traders now...

[pezhead9000]

"EUR/JPY is meeting supply there and is currently testing the downside through 138.60. The ECB held, but as Sebastien Galy wrote, “The ECB still doesn't want to pull the trigger on more easing hoping past easing will be enough. A short covering is on the way. "Underlying price pressure weak, credit subdued, prolonged period of inflation, further analysis on inflation in March""

http://www.fxstreet.com/news/forex-news ... 7b52528c67

[fehro]

SPY 60m

[koolblue]

For es daytraders who missed it, posted early morning with the main targets for this rally

[joegamma]

SPY 60m

L/T, could be a giant 5week bull flag?

ifthe banksters can tackle another rally, we would be setup for divergence with nyad and nyud, fwiw

[pezhead9000]

EUR/JPY 4hr - retracement levels from the 2013 EOY high.