03/28/2014 Live Update

[Cobra]

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I'm neutral, need see more bars. The rebound is not strong but I've seen so many times the rebound started weak but became stronger and stronger so I don't trust so called bear flag anymore.

[TWT]

$EURUSD: Follow up of the panned out wedge

[Cobra]

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

[gappy]

glta

Capture.PNG

[champix]

Europe once again on fire... thanks to European QE rumors.
Does Dax will lead SPI ? DO not know, but 4% difference between dax and SPI return last 4 days.

[Zane]

is spy forming a bigger bull flag? supports are holding

[fehro]

SPX 15m...

[champix]

Europe once again on fire... thanks to European QE rumors.
Does Dax will lead SPI ? DO not know, but 4% difference between dax and SPI return last 4 days.

ok, we have the answer...

[fehro]

near resistance zone.... SPX 60m

[Cobra]

members only update at 9:45 am
http://www.cobrasmarketview.com/2014/03 ... ay-update/

[SigmaEcho]

Europe once again on fire... thanks to European QE rumors.
Does Dax will lead SPI ? DO not know, but 4% difference between dax and SPI return last 4 days.

ok, we have the answer...

europe just catching up?
http://stockcharts.com/h-sc/ui?s=SPY&p= ... 1181671048

[Cobra]

members only update at 9:47 am
http://www.cobrasmarketview.com/2014/03 ... ay-update/

[TWT]

$SPX: It is a Zig Zag up but a stronger move will jeopardize the wave C option

[rhight]

An update of the 60 min cycle chart, note that I mis-drew the blue box yesterday, it actually ended on yesterday's 3pm bar. The current red box spans 1860 to 1882 and extends into Monday. Price continues in a corrective (overlapping) wave pattern. 20D sma at 1863 may offer some resistance, and then there is the potential "down trend" resistance at ~1870. It can't be said that we are in a down trend YET, as the waves overlap, and neckline and horizontal support at ~1850 has held. I must say that it would surprise me at this point if we returned to the 1884 level, with the sector rotation observed, and negative divergence/momentum in the breadth, volume, and sentiment indicators. Still, SPX may wear off an overbought condition with a sideways consolidation. You just never know, that's what makes it so darn frustrating. I'm holding a short position for now, I've been in and out of the $ a half dozen times through this chop, and I'm about to lose patience! I entered by my rules, but those tend to be a little aggressive and early, geared more for 2 week tops, not these month long churns.

[Cobra]

members only update at 10:07 am
http://www.cobrasmarketview.com/2014/03 ... ay-update/

[Cobra]

vol surge, might see pullback here first which likely would be bought.

[Mr. BachNut]

Short. Longs were sold moments ago.

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

I exited longs today.
This may be just the wrong thing to do, but I am honoring the change in my trend signal.
I also have possible short setups in play as well. Gulp.

I can argue that the low is in, and a rally to new ATHs is starting. Perhaps rumors of European and Chinese stimulus are true.
I can argue that after some quarter end window dressing, the downtrend will go to its end point.
As usual, I don't know what will happen.

My signals produce odds that favor more down.
That said, there have been several times over the last year where the bulls have pulled out right at the precipice.
So, things may change perhaps even by the end of the day.
I have managed pretty well in the trading range we have been in with a few nimble trades.
However, with my trend signal turning down, discipline is to sell the rally and let stops limit risk.
The odds suggest heads, but it could come up tails.
I'll review the action after the close and on Monday and adjust if warranted.

[TWT]

$YCS: Daily chart with few thoughts

[rhight]

Euro strength and Yen weakness appears to be driving this mornings move, still TIP/TLT and JNK/TLT point to longer term risk off and resemble 2011 profile. JNK/LQD is holding up, and I'm not sure what to make of that?

[rhight]

Short. Longs were sold moments ago.

I also have possible short setups in play as well. Gulp.

I have managed pretty well in the trading range we have been in with a few nimble trades.

Bravo!