05/15/2014 Live Update

[Cobra]

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100% Measured Move is to 1873.50, but now is already at Fib 61.8% Measured Move and blue line support, so don't know if this bear can go further to 100%.

[Cobra]

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

[gappy]

Vote Cobra. glta

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Pebblewriter explains the USD/JPY scam.

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http://pebblewriter.com/why-are-stocks-rising/

[fehro]

SPX 5m / after open mind the morning gap as per usual

[fehro]

VIX 15m.. into resistance

[fehro]

SPX 5m... near possible first support

[fehro]

SPX 60m.. watch the green trend...for break/bounce... break it.. it will get ugly fast

[uempel]

Update:

[KENA]

Looks like the mkt may go dn to Tue premkt low PB of 188.

[Major]

Central bankers telegraphing plans.

http://davidstockmanscontracorner.com/r ... en-to-buy/?

[fehro]

SPX 5m.. gap fill

[Al_Dente]

[Cobra]

vol surge, biggest bar, so might be a rebound here first then we'll see.

[BullBear52x]

The correction from overbought has start on longer time frame. My Mid to Long term entry setup is in the Buy zone (wait for RSI >30).

So...how dip this correction will go? that will be a question.

[Al_Dente]

Euro/yen is the gold line; something’s wrong there since 5/8
Hourly; overlay (not %)

[Cobra]

members only update at 9:52 am
http://www.cobrasmarketview.com/2014/05 ... ay-update/

[fehro]

SPX 5m.. mind the interday gap .. longer view

[fehro]

VIX 15m

[Al_Dente]

Momentum update:
Hourly with STO 13/4 overlay
A similar thing happens at oversold momo (very short term)
Recall on the upside (overbought momo) we counted 1-3 days overbought before a pullback (4 days max), and yesterday was a “day three” pullback.
On the oversold downside, I’m seeing only 1 or 2 days oversold before a bounce (pink boxes).
This is not opinion, it’s just counting the number of days in very recent history.
This suffers from “recency bias” which is the erroneous assumption that what happened in the recent past will repeat in the present).
In other words, the STO shows that recently the overbought status remained overbought longer than the oversold status remained oversold, as the stock-sellers have been delaying sells at interim tops, and dip-buyers have been more aggressive at interim bottoms. That reality could change in a hot minute

[gappy]

Close nuff for gov't work.

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Target met.