05/10/2012 Live Update

[fehro]

triangle? break down... 1330ish ..or ascending triangle if it breaks up and out of the channel.. target 1390

[KeiZai]

Europe tomorrow RED again?

[Cobra]

Hi Cobra:

I am paid member of your site and usually just read. My question is which symbol do you use to see "Total Option Volume". Is it related to overall market (e.g. Nasdaq, S&P500, DOW) or for individual index e.g. S&P500.

Thanks,

Swingtrader

Cobra, thanks.

Thank you for subscribing my services.

[taggard]

Hi Cobra:

I am paid member of your site and usually just read. My question is which symbol do you use to see "Total Option Volume". Is it related to overall market (e.g. Nasdaq, S&P500, DOW) or for individual index e.g. S&P500.

Thanks,Swingtrader

Cobra, thanks.

i am an options guy and most of the time i ignore the intra day. if you are are interested in using daily stuff http://www.cboe.com/data/mktstat.aspx

this stuff is posted by 3pm calif time most weekdays and is the most likely to be accurate. i had problems with stockcharts data in the past and even very expensive data is not that great (at least what i have seen). if you get interested in ratios understanding what the differences are between total index equity and the amusing cboe vol index options can provide clues. the best way to do this is to look at 3 or more years data and then check the relationships between say spy and the various indexes. these guys are most useful at extremes and i would say 80% of the time really don't show much. but at extremes they are highly useful. the biggest problem for beginners is the problem of understanding the context because nothing is absolute. options themselves can be used many different ways and open interest is not as simple as it used to be.

if i were just starting off and was actually interested in this stuff--i would learn basic options and then look at the last 2-3 years data on an excel spread sheet with all of the options end of day and prices in spy end of day on that sheet. and yeah that is a bit of an effort but options are interesting and complex creatures and deserve respect no matter how you are using the information.

if you are interested intra day you can get this stuff with a lag http://www.cboe.com/data/IntraDayVol.aspx by doing the math you can calculate equity and index and get a sense of what is going on. again context is everything--and extreme readings are generally more useful than the majority of data.

[Al_Dente]

for what it's worth http://www.youtube.com/watch?v=gp5JCrSX ... re=related

[MrMiyagi]

Obama called me and said his credit card's limit is full, no buying today unless Michelle returns some shoes.
So expect SPY below 136$

[CarlosDK]

Cobra ,, what is best for bulls and bears with the close ? If we close lower ,, good for bulls or what ?

[KeiZai]

Thx folks seeya, seems to me the squeeze is 4 tomorrow

Euro

SP

Gold

[Ed02]

Cobra,
Is the CIS signal you mentioned in yesterday's "Trading Signal" still valid as of now? Thx.

[Cobra]

Cobra,
Is the CIS signal you mentioned in yesterday's "Trading Signal" still valid as of now? Thx.

valid for 25 trading days but the sooner it triggers the better

[Ed02]

Can anyone comment on the possibility of Gap Down tomorrow?

[Ed02]

Cobra,
Is the CIS signal you mentioned in yesterday's "Trading Signal" still valid as of now? Thx.

valid for 25 trading days but the sooner it triggers the better

Thanks a lot!

[Cobra]

Cobra ,, what is best for bulls and bears with the close ? If we close lower ,, good for bulls or what ?

no conclusion today, need see tomorrow. daily chart is another reversal bar, so still bulls are not over yet.

[KeiZai]

One last, if this count is correct there is possibility that squeeze on gold will fire up with C-wave

[pezhead9000]

No power hour today

[MrMiyagi]

TAKE BACK THOSE DAMN SHOES WOMAN!

[TraderGirl]

Breaking down....

[Mr. T]

Power Hour????

You know that show "The hour of power" = it went BK.
Maybe it took Power Hour with it.......

[TraderGirl]

IWM...

[MrMiyagi]

IWM waterfall.