04/29/2014 Live Update

[Cobra]

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I don't know what pattern it is, so I'm neutral. Sharp pullback here would be bad though as it's the 2nd test of the rebound high since 04/13.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/04 ... ay-update/

[gappy]

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Vote Cobra glta

[gappy]

Daily. Inverted h/s?

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Nah, probably not.

[Denali92]

Have just posted my FOMC Turning Point Preview.

Since 2007, there have been 9 other weeks where the FOMC and employment report were in the same week .... and there were a lot of MAJOR TURNS too....

http://www.cobrasmarketview.com/2014/04 ... ay-update/

-D

[Cobra]

members only update at 10:04 am
http://www.cobrasmarketview.com/2014/04 ... ay-update/

[Xian]

Have just posted my FOMC Turning Point Preview.

Since 2007, there have been 9 other weeks where the FOMC and employment report were in the same week .... and there were a lot of MAJOR TURNS too....

http://www.cobrasmarketview.com/2014/04 ... ay-update/

-D

Thanks D! Always a ton of great info in your reports.

[merryme]

Denali92: Thank you.
I googled "FOMC Turning Point Preview Denali" and was able to read your analysis.

[Cobra]

vol surge, could mean rebound, then we'll see. overall, very boring day.

[Mr. BachNut]

Neutral. No position. Worked on other things yesterday.

My summation signal is neutral.
My composite trend signal remains up. Remarkably, all 3 of the critical trend indicators are down!
So, if enough weakness were to evolve in the rest of the model, the next signal would be down and not neutral.

I want to buy trends that run for awhile, and my models are set up to signal possible candidates.
Appropriately given recent trading, the signals are experiencing funk and neutrality.
So, I am spending more time shopping elsewhere for now.
This environment will clear, perhaps soon, and I'll engage.
Sometimes the trend that comes out of a swamp like this is not particularly juicy but it sets up a rhythm for good ones to follow.

I believe today is Tuesday. I read the market is always up on Tuesday. Whatever works.
eumpels ellipse signal for tomorrow may be a goer. Not only is there FOMC but also ADP and GDP. Alphabet soup is on the menu.

[fehro]

SPX 15m into yellow trend line again

[fehro]

SPX 60m

[fehro]

VIX 15m trying to hold support looks weak

[Cobra]

100% mm.

[uempel]

Neutral. No position. Worked on other things yesterday.

My summation signal is neutral.
My composite trend signal remains up. Remarkably, all 3 of the critical trend indicators are down!
So, if enough weakness were to evolve in the rest of the model, the next signal would be down and not neutral.

I want to buy trends that run for awhile, and my models are set up to signal possible candidates.
Appropriately given recent trading, the signals are experiencing funk and neutrality.
So, I am spending more time shopping elsewhere for now.
This environment will clear, perhaps soon, and I'll engage.
Sometimes the trend that comes out of a swamp like this is not particularly juicy but it sets up a rhythm for good ones to follow.

I believe today is Tuesday. I read the market is always up on Tuesday. Whatever works.
eumpels ellipse signal for tomorrow may be a goer. Not only is there FOMC but also ADP and GDP. Alphabet soup is on the menu.

BachNut, I always enjoy reading your careful assessment of your indicators. Thanks. Here a look at the signal on the 60 min chart which suggests a break of the recent consolidation in the 1850 range.

I have a slightly bullish bias - but perhaps it's going to be a mere trap. Very difficult to assess.

[Cobra]

my guess for fun as it's too boring.

[DellGriffith]

Not sure how to approach this situation. A part of me says I got stopped out on some super rare headfake and I should get back in soon and ride it up to the upper bb as per usual.

[Cobra]

target met. it might still have legs so forget about my guess.

[DellGriffith]

See, here's the thing. The daily SPY MACD bullish cross (using my cocktail of rules) is 30-3 since 2006. I called the most recent one last week a fail...but let's set that aside. The other 2 "failed" but they both occurred when price was already at the upper bb. So if I add one more rule to ignore the buy signal when price is at the upper bb, the signal suddenly is 30-0....until what happened last week.

So maybe it was all just a headfake the past few days and we are about to race to the upper bb??

[BullBear52x]

Trend following on a daily setup, simply using %B could help a buck or two.