10/29/2013 Live Update

[Cobra]

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Kind like Ascending Triangle, so the bias is up.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/10 ... ay-update/

[gappy]

Hightower, glta.

gold.PNG

[KeiZai]

Watching nasdaq already with the breakout

O: viewtopic.php?f=2&t=1100&p=145739#p145739

few hours old

[uempel]

Let's see if my resistance in the 1767 area works out (Chart was posted in the early morning in Cobra's blog)

[fehro]

SPX 5m poking it's head again outside of the channel ... a mere 9 points from 1776.. would be an ironic top from the 666 lows.
http://en.wikipedia.org/wiki/Independen ... ed_States)

[KeiZai]

Let's see if my resistance in the 1767 area works out (Chart was posted in the early morning in Cobra's blog)

q.png

Nice chart I am short some ES from 1762.50 but I think I am an early bird here lets see GL all (want to scale in higher tho ideal would be around 1770-80 SPX)

[DellGriffith]

So now we have more data on the breach of the upper bollinger band. Looking back on SPY over the past few years, you could make a case it most closely resembles this one that I didn't have marked originally:



That breach led to a lot of skepticism and baited breath over the next 14 trading days. And then the payoff came in a matter of just 4 trading days ending with a huge red candle that pierced the 50 dma. Still paid off, if you were patient. We are current 7 days post-breach, and the situation is similar. You could argue we are still seeing NEW highs, but the momentum is tailing off.

[fehro]

VIX 15m

[uempel]

Let's see if my resistance in the 1767 area works out (Chart was posted in the early morning in Cobra's blog)

q.png

Nice chart I am short some ES from 1762.50 but I think I am an early bird here lets see GL all (want to scale in higher tho ideal would be around 1770-80 SPX)

These crossovers have an impressive record - on the y-axis and the x-axis too

[fehro]

SPX 5m, VIX 15m

[uempel]

KeiZai, DAX might be topping out too...

[Cobra]

members only update at 10:07 am
http://www.cobrasmarketview.com/2013/10 ... ay-update/

[Cobra]

bears need exceed the mini target to see a little hope as so far all the morning dips were bought aggressively.

[Cobra]

morning hourly black bar.

[KeiZai]

KeiZai, DAX might be topping out too...

Yep could be kind of messy HnS pattern forming there but I would like to see trendline breakdown in EU banks first, hopefully soon

Bigger picture: http://i.imgur.com/VLL4Gfr.png

[gappy]

Capture.PNG

Price stability is the main focus of central bankers.

The ECB already sees inflation increasing only modestly in the next two years. Staff projections put it at 1.3 percent next year. While the 2015 inflation forecast will be published only in December, an ECB policymaker said the central bank sees inflation below 1.5 percent in that year, too.

Euro strength could cut price pressures further to levels at which deflation could become a concern.

"This might push inflation to below 1 percent and should set off alarm bells," OP-Pohjola economist Reijo Heiskanen said. "There are some who question whether there is a case for further easing with the economy recovering, but with the increasing uncertainty, I see there is one."

JP Morgan calculates a 10 percent currency shock crimps GDP by 1 percent, with most of this felt within two years, and that the annual inflation rate is lowered by 0.3 percentage points for two years.

The ECB said in July it expected to keep rates at current or lower levels for an extended period of time, maintaining a downward bias. Despite this 'forward guidance', few investors have believed that another rate cut could be in the works. But their thinking is changing.

Last time, when analysts expected the ECB to hold rates, Draghi said the Council discussed a rate cut before holding fire. It will surely do so again.

[fehro]

SPX 60m.. sitting on support

[Mr. BachNut]

Neutral.

My summation signal is up.
My composite trend signal is up.

Focused on other things until FOMC.

[jack black]

LOL, somehow bulls are unaware that dollar creeps up in the last couple of days. Financials don't confirm the recent new highs.
I'm holding my XLF puts and waiting for dollar/miners sell off to repurchase calls.