04/13/2016 Live Update

[Cobra]

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This bull shall have legs.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/04 ... ay-update/

[fehro]

SPX opening around 2072, gapping the gap of last Thursday as mentioned yesterday, next higher open tiny gap 2077-78 Dec 29/30 then 2090-91 Dec 4/7 gap next. Next trends resistance, yellow/cyan 2080-2085, then 2100

Mind the abandoned baby candle daily for the bears, should we hold/close near the top of the morning gap up, and still RS on the 60m H&S.

[fehro]

DXY daily As per yesterday.. mind the dollar strength.. again watch your gold/oils - viewtopic.php?f=2&t=2003#p220043

[fehro]

SPX prior open

[Out of Bounds]

Snog was a failure all night long
It indicated a top around 2055 and we are now 11 points higher (14 at one point)
Can this be read as divergent? NO.
It merely means that the move started out strong and has slowed its rate of climb so that the EMA fell below the SMA.
This is where Snog fails.

And gaps. Snog fails with gaps for the same reason.

[JFR]

Overnight gap up on ES, NQ and YM.

[Wallstreetrader]

GM

Not surprise these gap

The Big R

[MrMiyagi]

SPY gap up... oh what a shock

[fehro]

SPX .. last chance for that RS// looks iffy 60m but still hanging in by a thread...

[Trades with cats]

I take a long weekend and oil goes through the roof while Aunt Janet has three secret meeting in a row. You people want some real excitement just wait for me to go on a weeklong vacation in May!

Waiting for EIA to confirm large build at 10:30. Question is will it be like last week and set off a second leg down in oil, or will we wait to hear that Putin is happy to cut production now that his country is broke and his people can't buy food the way they were. Or better yet were the secret meetings about how the US banks have adequate loan reserves to shut down the shale producers without risk cutting US production by 2 million barrels a day to balance world supply/demand (at scuttle the auto industry at the same time).

[fehro]

SPX hourly looking strong.. dabble small position short.. maybe early by an hour.. next one doji.. would be ideal. double top daily?

[JFR]

Trading in a range, building a base.

[JFR]

The DOW. J.P. Morgan leading the parade.

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2016/04 ... ay-update/

[fehro]

CPC/CPCE .50-55 near extreme levels. 30m

[finman66]

SPY p-bar at $207.45 from Dec 30 was just tagged in addition to $206.40 and $206.93 from April 4 & 7 respecitively

[MrMiyagi]

SPY p-bar at $207.45 from Dec 30 was just tagged in addition to $206.40 and $206.93 from April 4 & 7 respecitively

No upside left on SPY.

[josephli]

I take a long weekend and oil goes through the roof while Aunt Janet has three secret meeting in a row. You people want some real excitement just wait for me to go on a weeklong vacation in May!

Waiting for EIA to confirm large build at 10:30. Question is will it be like last week and set off a second leg down in oil, or will we wait to hear that Putin is happy to cut production now that his country is broke and his people can't buy food the way they were. Or better yet were the secret meetings about how the US banks have adequate loan reserves to shut down the shale producers without risk cutting US production by 2 million barrels a day to balance world supply/demand (at scuttle the auto industry at the same time).

Market probably decouple from crude.

[Wallstreetrader]

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