02/22/2013 Live Update

[TWT]

If of interest this is the link of my daily update:

http://www.thewavetrading.com/2013/02/2 ... rm-ewp-85/

thanks twt

You are most welcome

[uempel]

20 DMA is at 1511 and bulls are trying to bust that level...

[Out of Bounds]

Covered the fade. Neutral. Out for the day. Have a good weekend.

[Cobra]

here's what happened after a first hour black bar. $SPY
https://stockcharts.com/public/1684859/ ... /286407830;

[gappy]

IMMU @ 2.29. Love these new stock issue dumps. http://www.youtube.com/watch?v=lGfYkNgCshA

[Cobra]

members only update at 10:14 am
http://www.cobrasmarketview.com/2013/02 ... ay-update/

[gappy]

Covered the fade. Neutral. Out for the day. Have a good weekend.

Wham,bam,thank you maam! http://www.youtube.com/watch?v=_8LbcD3olCk

[Mr. BachNut]

Net Long. Carrying longs and shorts.
Worked hedge yesterday. Strength today would stop it out.

My composite trend indicator is up but issued a potential change in trend warning yesterday. Continued weakness could possibly turn it next week. Guessing it will hold though.
My summation signal remains down and sent a fresh signal yesterday. It would be shortable, especially if yesterday's lows were broken, but for the fact that MO is oversold.
So, nothing to do here. Worth revisiting if the MO corrects back to the zero neighborhood as a rally may be a set up to retest yesterday's low. The opening trade this morning got MO out of oversold intra-day but not close to zero. Need to see how the day progresses.

I look forward to see how the week closes this afternoon. Looks like trading equities may get more interesting in the day's ahead.

[jademann]

Doesnt the coming sequestration bias your trading at all in either direction either before or after an agreement? What I mean is, is it a mistake to rely on short term technicals too much with this known event coming very soon?

[gappy]

upv.png

[TraderGirl]

XIV...my weekly charts says more down next week...

[ClarkW]

Gap fill for FAS then lower?

[Al_Dente]

The only thing weird and unusual about this renko is the VXZ
INTRADAY 5min
The volatility measures on the top panel ALMOST ALWAYS MOVE TOGETHER
But VXZ (medium term vol) is moving contrary…. towards bull spy, med-term
(see green circle, arrow)
FWIW..................

[gappy]

Doesnt the coming sequestration bias your trading at all in either direction either before or after an agreement? What I mean is, is it a mistake to rely on short term technicals with this known event coming very soon?

It is baked in as we move along. The "tell" of an impending dump will be evident as in all other times. Sheeple will withdraw in fear, traders will trade it. Cobra's the man.

[gappy]

spx.png

[Al_Dente]

Edit re VXZ
I think that means that the futures traders of MEDIUM TERM VOLATILITY are a bit bullish at the moment
They don’t believe my sell-spy signals on my daily charts...
??
Comments welcomed

[Al_Dente]

upv.png

gap I like your chart configurations here (and on most of yr other charts)
especially the “bar code” low to high one
as a consumer, I have been programmed to immediately want to buy that “bar code”
keep up the good work, seriously
http://www.youtube.com/watch?v=hXUDfoLyirU

[gappy]

upv.png

gap I like your chart configurations here (and on most of yr other charts)
especially the “bar code” low to high one
as a consumer, I have been programmed to immediately want to buy that “bar code”
keep up the good work, seriously
http://www.youtube.com/watch?v=hXUDfoLyirU

Thanks, what you like is simply what I am stealing off the stockcharts.com voyeur page. But i will keep it up for us until I breakdown and buy some real charting software. http://www.youtube.com/watch?v=ldaLS6Clmg0

[Heck]

Edit re VXZ
I think that means that the futures traders of MEDIUM TERM VOLATILITY are a bit bullish at the moment
They don’t believe my sell-spy signals on my daily charts...
??
Comments welcomed

AD: SPY PnF Target still 162 despite two-day correction:

http://stockcharts.com/freecharts/gallery.html?spy

[Harapa]

Edit re VXZ
I think that means that the futures traders of MEDIUM TERM VOLATILITY are a bit bullish at the moment
They don’t believe my sell-spy signals on my daily charts...
??
Comments welcomed

The far end of VIX term structure (which what VXZ represents) tends to "not in alignment" with the near term end on turning points;usually it is early for buy and late for sell SPY.
Currently all in sell mode.