12/27/2013 Live Update

[Cobra]

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Possible Cup with Handle so the bias is up.

[Cobra]

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

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2013/12 ... ay-update/

[Cobra]

morning hourly black bar.

[maldini]

Morning Cobra.
Today's 1hour's best trade for me was in NQ/QQQ.

[Cobra]

volume surge, biggest red bar, support, so might see rebound here first. then we'll see, probably another small leg down?

[Cobra]

usually there should be another small leg either lower low or higher low.

[Cobra]

higher low it is. we might be here.

[Heck]

Undervalued ETF/Index opening long puts 7 x calls say, "Look out below":
http://www.ise.com/market-data/isee-index/ …

[MrMiyagi]

iwm

[KENA]

Great Dome...If it goes to the bottom expect more dn.

[Cobra]

2nd test of day low, let's see if those aggressive dip buyers coming in once again. the bias is down though.

[Mr. BachNut]

Long. Tightened profit stops.

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

Profits stops are on due to an overbought reading on my summation model.

Generally, last days of old year and first days of new year are good, but sometimes Mr. Market delivers a surprise.
I don't know what will happen, but I am pondering the possibility of a 2000 or 2005 analog for the days after new years.
Just possibilities not a prediction... the trend is up.

[MrMiyagi]

Fells weak today.

[Mr. BachNut]

2014 Bear Food:

The Dow has tagged the top line of its multi-year megaphone (purple lines)(log scale). Should be significant resistance.

The New York Average is a chip shot away from its prior all time high from 2007 (finally). Double top possibility?

As of this week, the SPX has exceeded a 5 year rate of change of 150%. The five times this has happened in the past were 1929, 1937, 1987, 1998 and 2000. While not statistically significant, four of these occasions preceded substantial drops.

Happy New Year!

[Cobra]

higher low, dip buyers did come. this bull might have small legs at least.

[daytradingES]

I wonder how the SPX would look if we de-twittered and de-facebooked it?

They change the index (each 6 months?) dropping the losers and adding in new "winners".
What would the August 2007 SPX look like today with the same stocks as then?

See article:
http://www.zerohedge.com/news/2013-12-2 ... -companies

[MrMiyagi]

!!!!! POWER HOUR !!!!!

[Cobra]

no small legs. I'm neutral.

[Mr. T]

How boring.....

"We're never going anywhere again!!!"