03/27/2014 Live Update

[Cobra]

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I don't read it as H&S Top because it requires an uptrend leading into the pattern but a Fib 61.8% Measured Move to 1831.65 is possible, say 55% chances?

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/03 ... ay-update/

[Cobra]

vol surge, biggest red bar, so might see rebound here first which likely would be sold later.

[Cobra]

members only update at 9:55 am
http://www.cobrasmarketview.com/2014/03 ... ay-update/

[TWT]

$SPX: Probably the impulsive decline off yesterday´s hod is not done yet now wave iv

[fehro]

SPX 60M... mind the lower gap.. and the morning gap..

[fehro]

SPX 15m

[Cobra]

biggest bar on vol surge, we may see pullback here first which likely would be bought. forget about bears for about a few hours now.

[Out of Bounds]

Rumor alert: New shorts ready to enter at 11AM - thinking pomo may be finished then.
Not my rumor - not my shorts.

[gappy]

Vote for Cobra. glta

fx.PNG

[fehro]

SPX 60m... window dressing for today, tomorrow... for eow, eom, eoq ( end of quarter)... make a nice right shoulder ... chop... and gap on Monday?

[fehro]

http://www.aaii.com/sentimentsurvey/sent_results

[Vaamsy]

Fehro, I like to hear your thoughts on GDX please.

[Al_Dente]

New IPO 'Candy Crush' parent King Digital Entertainment PLC (KING) is already being called the "worst IPO of the year.”
http://www.schaeffersresearch.com/comme ... ampaign=OV

[Mr. BachNut]

Net short. Long and short. No change.

My summation signal is down.
My composite trend signal turned to down at yesterday's close.

As my trend signal has changed, I'll be looking to exit the long side of my book. It should end up in the black either straight up or with the SPY dividend on the way.

While my trend signal flipped to down, it is not yet negative enough to bring additional short setups into play. Maybe today. A whipsaw if things rally is also possible.
I need to study it a bit as it is SPX oriented. The NASDAQ and R2K are considerably weaker and may be shortable.

One consideration is that yesterday was T+3 for the quarter close.
So, funds that want to show less beta and perhaps more treasuries in their portfolios would have done so by now and may have been dumping a bit the last few days.
Consequently, I would like to see if selling pressure abates today in what has been weak and if buying quiets in what has been strong.
Even if we have seen a bunch of repositioning for quarter-end, there is still an incentive to work out a descent mark by Monday, which may be a bit bullish.
All this is a long way of saying, I'll keep my short orientation but will be watching to see whether the action changes in the time frame ahead.

[Al_Dente]

SCALP
Inverted TRIN (see the brown line behind price) showed volume pouring into advancing stocks this morning (bull spy).
It’s easing off just a slight bit now, but not enough for a short just yet.

[L_T]

SCALP
Inverted TRIN (see the brown line behind price) showed volume pouring into advancing stocks this morning (bull spy).
It’s easing off just a slight bit now, but not enough for a short just yet.

327trin2_png.png

Did that tell you to get short the morning of 3/21? If you did way to go.

[TWT]

$SPX: The wave C option requires a failure at 1863 or lower

[fehro]

Fehro, I like to hear your thoughts on GDX please.

GDX weekly, GOLD daily, GOLD monthly.. the charts are similar... GOLD monthly.. not looking good on the candle.. at the moment... still two days to go... weekly GDX holding 20w SMA.... possible invs H&S on GOLD... daily.. holding 200d 50d..... overall ... looks a tad bearish... but good support here... next week will be key... could make a higher* low, invs RS..or plunge to new lows....

[Vaamsy]

Fehro, I like to hear your thoughts on GDX please.

GDX weekly, GOLD daily, GOLD monthly.. the charts are similar... GOLD monthly.. not looking good on the candle.. at the moment... still two days to go... weekly GDX holding 20w SMA.... possible invs H&S on GOLD... daily.. holding 200d 50d..... overall ... looks a tad bearish... but good support here... next week will be key... could make a lower low, invs RS..or plunge to new lows....

Thank you for the detailed response sir!