02/12/2014 Live Update

[Cobra]

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Break the blue line below would be double top, if cannot, simply consolidating here then more up.

[DellGriffith]

Mr. T can sum this up with his "we're never going down again!"

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/02 ... ay-update/

[fehro]

SPX 5m.. mind the channel and the gaps

[gappy]

Vote Cobra. glta

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[johnnywa]

rut finally leading

[gappy]

Capture.PNG

[fehro]

rut finally leading

leading? or playing catch-up?.. just under 20d / 50d... NDX close to the Jan highs...

[johnnywa]

rut finally leading

leading? or playing catch-up?.. just under 20d / 50d... NDX close to the Jan highs...

Well catching up but today is 1st day they are leading in 3 weeks?

[rhight]

Good morning Cobra

What the heck, I'll propose the 78.6% retrace (SPX cash 1850.84 to 1737.92 swing) at 1826.7 and the 1/24 gap down as temporary resistance here, for a consolidation of some sort, the FXE:FXY cross appears to be cooperating this morning for such a pull back

[fehro]

SPX red channel tag..slight possible divg on RSI, MacD

[gappy]

Copper still being used as the loan pink slip? Not good.

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[Cobra]

members only update at 9:59 am
http://www.cobrasmarketview.com/2014/02 ... ay-update/

[fehro]

VIX 15m. fwiw. little pop above the declining RSI line, and possible pos div on MacD... but as always price is king

[tomsky]

A picture is worth a thousand words...

http://moneymorning.com/2014/02/11/stoc ... eet-night/

lets see when this fractal ends, before or after the drop.

[KENA]

Money flow on the options is still heading up..A few days ago the narrow red line started to turn up and the mkt turned green..Mkt follows the money flow.

chart by stocktiming

-%20Opt.png (20.75 KiB) Viewed 5544 times

[KENA]

Up date on liquidity..Mkt follows liquidity but I guess now it is the $ /yen.

chart by stocktiming

[Mr. BachNut]

Long.

My summation signal is up.
My composite trend signal is neutral. It flipped after the close yesterday.

I honored my summation signal with some long yesterday.
The model is putting out overbought readings this morning, which I expect to remain at the close.
So, I'll be following fairly mechanical exit procedures with a tightening stop from here on.
That doesn't necessarily mean the market is about to turn. It just gets me out when it eventually does.
I am guessing though that this trade will not be on the books for long.

My trend model is at an interesting juncture. There is, at the moment, a balance of strong and weak internals.
Even if the model turns up in the next day or two, the overbought condition above will inhibit any long setups until the condition is cleared.
On the other hand, turning neutral yesterday has the effect of reloading the gun on the short side.
So, if the model turns back down with enough force (say next week), I may have short setups in play.
I have no idea what will happen. We'll just have to see how things go.

[fehro]

SPX 5m

[Cobra]

this pullback probably has small legs.