12/19/2014 Live Update

[Cobra]

members only update at 11:53 am
http://www.cobrasmarketview.com/2014/12 ... ay-update/

[Junior Buffett]

Thanks Fehro for excellent charts!

Have a great holidays every one here..hope your new year brings you loads of money and happiness to you and your family!

[fehro]

SPX .. still not clean.. a tad more bearish.. for the lunch hour

[Medman]

Merry Xmas and Happy New Year to all including Cobra and all the active posters. I am a dedicated daily voyeur and have learned much from you all. We are heading from Oklahoma to Colorado for the holidays, so see you next year.

[fehro]

SPX .. gap still unfilled.. still in a possible bull flag.. break upper pink/cyan above.. look out above.. VIX retesting of sorts..

[TraderGirl]

Either that is an abc up for wave 5, and the wave is done, or one small tiny leg up to v of 5 of a on SPY (right)...

In any case any pullback to say fill the gap would be bought.....

[MrMiyagi]

spy

qqq

[Cobra]

bigger bull flag. this rebound may have small legs at least.

[K447]

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A pbar outside of the prior recent range.

Except for that ridiculous spike at the close yesterday ...

[K447]

A pbar outside of the prior recent range.

Except for that ridiculous spike at the close yesterday ...

[DellGriffith]

Anyone else scared to put any money in this market?

The volatile rocket shot off the lows makes me fear an equally impressive move down at any time, at least until things settle down....

[cletus]

Anyone else scared to put any money in this market?

The volatile rocket shot off the lows makes me fear an equally impressive move down at any time, at least until things settle down....

No, not at all. To stay out would be following the herd.

[MrMiyagi]

Is SPY green or red? Looks like Dividends have screwed up some platforms

[DellGriffith]

Anyone else scared to put any money in this market?

The volatile rocket shot off the lows makes me fear an equally impressive move down at any time, at least until things settle down....

No, not at all. To stay out would be following the herd.

I don't care if I follow the herd or not. My goal is to make money. Don't trust this market right now so sitting out.

[gappy]

Lunchtime look in. Hope y'all took good ponzi profits for presents this week. As long as the Uncle Buck status is challenged by the bric's, and selling our inflated debt is pressured, we can expect the Fedster's put to continue to line our pockets. By hook or by crook, there is no way out for their antics. Three day chart.

Capture.PNG

soma.PNG

Out my silver short, flat and see ya next year. Happy Holiday to you all. Vote Cobra. glta

[fehro]

SPX .. VIX 5m..possible minor invs H&S could see a pop up to 18 .. would make wider bull flag?

[Tutti]

Anyone else scared to put any money in this market?

The volatile rocket shot off the lows makes me fear an equally impressive move down at any time, at least until things settle down....

You aren't alone at all. I'm stealing this from last nights Kirk report, but paraphrasing from author unknown, '...trying to time this market is like rooting for the Indians in a Rin Tin Tin show.'

[fehro]

SPX clean and messy… little bearish rising wedge.. and break out of the flag wasn't explosive.. yet… chop/flat friday.. VIX still strongish -- options

[cletus]

VXN final update for the day. We are 8 vols higher than the p-bar at 9.66. The reason I believe the market will hit that is 1) Central banks have further to drive on volatility, they are committed to it, 2) the VIX has gone under 10 in all of the major bull markets of the past 20+ years, and we have yet to see the VIX under 10 in this one.

[cletus]

One more thing...

Bear trap confirmed on XLE.