05/29/2015 Live Update

[Daniel]

TF just not seeing any selling... It is like trying to short "The Terminator", it just won't die.

Yup, that is exactly what Fighting the Fed feels like.

As long as ZIRP-like conditions exist, world equity markets cannot go down. Economies may not be robustly growing, but liquidity fills all available nooks and crannies.

The bond market already knew about this morning's GDP report.

[Cobra]

good, now let's wait for 4th push up.

[Daniel]

Yest low, spy, 211.63; current = 211.63

[Cobra]

well, looks like 2 legged pullback has already started. now is 1st leg.

[Cobra]

vol surge, should be a rebound here first then we'll see, likely another leg down.

[jademann]

that VIX gap still has me on the fence. need to see it fill before I buy vix

[Daniel]

Up/down volume is also now eroding on the Nazdaq; both it and NYSE are well off their best levels.

[fehro]

SPX

[BullBear52x]

PAGING BullBear52x:
Boss: This here “trophy” will cost you only $100m
http://www.smh.com.au/business/property ... hcl8r.html

Not in a million year, I see myself next to no neighbor on my small hut at my secret fishing spot.

[BullBear52x]

I see this coming from miles away...... Peace!

[Junior Buffett]

Those who believe that there will not be a default of some shape or or form by Greece has simply not been paying attention. Greece leaders cannot yield on jobs, pensions and an end to austerity, the most it can do is accommodate a short suspension of these aims as a compromise. On the other hand the Euro-zone leaders cannot be seen to be encouraging a rowing back on austerity, as this open a Pandora box with the rest of their PIGS clamoring to also be afforded time at the trough. Additionally, such a compromise by the Euro-zone does not solve any problems, and further leaves Euro-zone leaders like Germany even more exposed. There can be no compromise without capitulation by one side, and I cannot see this happening

[Junior Buffett]

I see this coming from miles away...... Peace!

picture perfect..kudos!!!

[fehro]

cover portion of shorts here from earlier today.. still holding a portion..

[Cobra]

near day low, vol surge, so should be a rebound here first then we'll see.

[fehro]

cover more shorts here.. SPX . looks like 50d is in the cards.. 2099.11

[Cobra]

members only update at 2:57 pm
http://www.cobrasmarketview.com/2015/05 ... ay-update/

[Unique]

ES Update:

ES second leg down actually working it seems, despite low probabilities. Impressive performances by bulls and bears today.
Hourly 20ema rejection by bears on ES on that backtest.

Bears must try to press lower lows, it would bode well for next week bears on daily chart.
Bear,bull,bull held high,bear reversal.
2101 trigger -> 2096 full retrace coming up

Hopefully, this finally sets up for some range breakout next week

[Heck]

ISE on two SELL signals
Verging on Three SELLS

https://www.ise.com/market-data/isee-index/

[MrMiyagi]

!!! POWER HOUR !!!

[Cobra]

!!! POWER HOUR !!!