12/05/2013 Live Update

[Cobra]

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Small double top? I'm neutral.

[koolblue]

Heres a synopsis of my opinion fwiw

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/12 ... ay-update/

[gappy]

Hightower morning blurb. glta.[attachment=0]Capture.PNG[/attachment]

[joegamma]

no idea today, hopefully not buyin high and selling low like yesterday

still feels like need blowoff volume below, maybe not til next week?

[DellGriffith]

Also, gold resumes downtrend. h&s break means we should wait for extreme bearish readings on MACD and RSI before closing shorts... glta!

[joegamma]

10 years, odd to bounce if "taper-on"

[koolblue]

Dont forget the seasonals!

[joegamma]

bigger picture suggests down

[BigChief]

Possible inv h&s on SPY?

[fehro]

SPX 15m... speculative at this point... yellow invs H&S or triangle...

[fehro]

VIX 15m... inbetween

[Cobra]

100% mm, not sure. I'm neutral.

[Mr. BachNut]

Short. Sold the afternoon bounce yesterday.

My summation signal is down. The plunge yesterday turned it.
My composite trend signal is up. Some technical damage was done yesterday. One of the required indicators for a trend change turned.
Bears still have more work to do though to change the trend, which remains up.

I honored my summation signal with a sell yesterday. The afternoon rebound was not supportive but it allowed for a favorable entry.
If yesterday's low was the low for the move, we're probably headed for more ATHs and this will obviously be a loser. It was good to see some technicals weaken.
The no easy for bears principle will be in effect so I don't expect an easy ride even if this works. Fridays in particular have been bullish.
As usual, I have no idea what will happen...

[koolblue]

The prc bands on my charts have begun pointing down up to the 30 min, so they better start pushing her up soon or the seasonals win again.

[fehro]

SPX 5m

[koolblue]

The prc bands on my charts have begun pointing down up to the 30 min, so they better start pushing her up soon or the seasonals win again.

.... Note that the avgs are neg now also!

[uempel]

Just an observation - note that the next up-cycle should begin between 1:30 p.m and 3:00 p.m. - it depends on where price hits the dashed blue

[Cobra]

possible double bottom. just in the recent past this should mean the low was in for today. nowadays, we'll have to wait and see.

[fehro]

SPX 5m... possible minor bullish falling wedge.. pink