05/14/2014 Live Update

[Cobra]

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Small Double Top I see, too small to be a real threat to bulls.

[gappy]

Vote Cobra. glta

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[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/05 ... ay-update/

[gappy]

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[fehro]

SPX 60m ... mind the morning gap.. and yesterday's morning gap

[Out of Bounds]

Haven't seen this action in a long time.

[fehro]

SPX 5m

[uempel]

Update:

[gappy]

Fund Manager´s Current Asset Allocation – May

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http://www.thewavetrading.com/fund-mana ... ation-may/

[Out of Bounds]

Morning rally in USD/JPY has been erased

[fehro]

SPX 5m.. possible support if not lower levels, gap

[Out of Bounds]

Breadth NYSE 11adv/16decl .... S&P -180

[fehro]

VIX 15m.. weak / bear flag?

[Cobra]

members only update at 10:01 am
http://www.cobrasmarketview.com/2014/05 ... ay-update/

[Cobra]

this bull may have legs.

[Al_Dente]

update on momentum
hourly
STO 13/4 is the black solid line behind indices

[uempel]

Update:

[Mr. BachNut]

Partial Long. No change.

My summation signal is neutral. Solid new highs today could turn it up. (Looks unlikely at the moment.)
My composite trend signal is up.

Just guessing but anticipating a pull back today/tomorrow perhaps to go test former resistance, which should now be support.
That would be in the neighborhood of 1884-1891 roughly. If the breakout from the heinous trading range is solid, it should hold.
If things plunge back into the heart of the range, there's a problem. The weakness in the R2K is a concern if it continues (chart).
The NYMO remains lackluster.
OPEX makes things tricky.

I would like to do nothing today. A good test of support could provoke adds. A breakdown would have to be evaluated and perhaps provoke exit.
If things kept going up, I'd be inclined to ride the partial or supplement with day trade longs.

[fehro]

for whatever reason.. the order is all screwed up.. yet the link, and the order of symbols never changed... anyhow... TLT tagging recent highs

[gappy]

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