06/28/2016 Live Update

[Cobra]

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generally this rebound would fail somewhere.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/06 ... ay-update/

[fehro]

SPX opening near 200d/50w 2021. Mind yesterday's open gap 2031-37.
20w SMA @ 2044.

[fehro]

SPX pre-open.. seems yesterday's VIX 15m H&S is playing out.. Target 20.50ish

[Out of Bounds]

Internet outage here in S. Florida today.
On backup.
_________________

Sold my longs last night at 2005

[Wallstreetrader]

GM

On short mode now , not much down should be expected imo (low?2013)...
The big question is will go first to the 2030 ?

[Daniel]

Internet outage here in S. Florida today. On backup.

Isnt it amazing how fast the market moves when you're on dialup?

[fehro]

SPX first resistance trend line 200d/50w 2022 ish. trying to hold the MA's

[Out of Bounds]

Internet outage here in S. Florida today. On backup.

Isnt it amazing how fast the market moves when you're on dialup?

LOL. It's not that bad. Backup gets about 75 Mbps down and 12 up normally.
Slower now because it's under a strain.

[fehro]

INDEX days.. TLT barely moves.. Bank Stress Test RESULTS tomo. USO into 50d/200d confluence. 11.48/11.53

[K447]

Internet outage here in S. Florida today. On backup.

Isnt it amazing how fast the market moves when you're on dialup?

Cellular/mobile Internet, seems more likely.

Happily in many areas mobile Internet is speed competitive with landline service, sometimes faster. I look forward to a future where mobile Internet is my main service and landline is the 'backup'.

[K447]

...
generally this rebound ...

Folks who were long into the close on Brexit eve and were short into the close yesterday might be feeling whipsawed today

[Out of Bounds]

Short 2015

[fehro]

Put/Call sloshing around like a drunk sailor.. 1.40 to 0.60 that's *one rocky boat..

[Daniel]

UUP (dollar) well under 25 now, with a classic island reversal. Many buyers trapped around the 25 level.

Inverse correlations to the dollar should do well today, as that island is a resistance cap.

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2016/06 ... ay-update/

[Daniel]

generally this rebound would fail somewhere.

Folks who were long into the close on Brexit eve and were short into the close yesterday might be feeling whipsawed today

They should be feeling whipsawed, that's what the market does, when folks are all riled up and genuine uncertainty exists. It fibrillates, as it seeks a re-establishment of intrinsic value. This is why one watches first derivatives of volatility carefully, in times like these.

[Daniel]

Noting some intraday weakness in AAPL, underperf vs SPY and signif underperf vs QQQ.

[Cobra]

if the pullback is bought here then very likely today is a strong uptrend day.

[KENA]

FYI...BP for IWM is at 50 (per Dorsey Wright }