02/28/2014 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.

========================================================================================================================================================================

Looks like a small bull flag, so the bias is up.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/02 ... ay-update/

[gappy]

Vote the Cobra. glta

fx.PNG

[Al_Dente]

GDP reported red
2.4% vs forecast 2.5%

Chicago PMI at 9:45 ET and then Univ Michigan Consumer Confidence at 9:55 ET forecast is 81.3 (U Mich Sentiment is the only sentiment indicator in the famous “Ten Leading Economic Indicators”)… and then Pending Home Sales at 10:00 ET

AAPL annual shareholder meeting is today noon ET (I think)
Schaeffer’s sees bull AAPL:
“The most popular option so far today [edit: yesterday] is the equity's weekly 2/28 525-strike call, where more than 15,200 contracts have changed hands. A healthy majority of the calls crossed on the ask side, suggesting they were bought. Plus, volume has outstripped open interest at the strike, and implied volatility was last seen 4.8 percentage points higher -- both signs of newly opened positions.”

[koolblue]

Welcome to wave 3?...lol

[Al_Dente]

note some fresh green circles on the thirty min

[Cobra]

members only update at 9:48 am
http://www.cobrasmarketview.com/2014/02 ... ay-update/

[KeiZai]

Finally here is what I am watching in SPX http://i.imgur.com/ghnbgfA.png and in DAX http://i.imgur.com/5C57C0l.png

[L_T]

GDP reported red
2.4% vs forecast 2.5%

I wonder what it will be revised to next month?

[Cobra]

this bull shall have legs.

[KeiZai]

Finally here is what I am watching in SPX http://i.imgur.com/ghnbgfA.png and in DAX http://i.imgur.com/5C57C0l.png

1874 will be critical if it is abc of wave5

[Al_Dente]

GDP reported red 2.4% vs forecast 2.5%

I wonder what it will be revised to next month?

OFF TOPIC: They’re running the stops on XIV

OFF TOPIC:
STUDY FINDS A DECADE OF GOLD MANIPULATION:
A draft research paper from Stern Professor Rosa Abrantes-Metz and Moody's Albert Metz finds from 2004 on, frequent spikes (usually down) in spot gold prices around the time of the 3 PM London time call to set the afternoon fix. These price movements weren't observed during the morning gold fix call, nor were they apparent prior to 2004.
“The structure of the benchmark is certainly conducive to collusion and manipulation, and the empirical data are consistent with price artificiality,” …
http://www.bloomberg.com/news/2014-02-2 ... ation.html

[Cobra]

members only update at 10:07 am
http://www.cobrasmarketview.com/2014/02 ... ay-update/

[Al_Dente]

blue box target met already

[fehro]

SPX 60m

[fehro]

INDEX 60m.. VIX still not making new lows as SPX makes new highs ... yet..

[Al_Dente]

Bull Trend Day
But trin bear, momo weak, tick bear diverg,
don’t chase alert, buy on pullback…..
pullback already on IWM/TNA

[Al_Dente]

banks fas xlf are leading the pack (today only)
that hasn’t happened in a long time

[rhight]

I am my own best contrarian indicator, as soon as I say something, the opposite happens
That said, here is a weekly trend slope that the defines the rising resistance of the channel from the March 2009 low, coming in at 1870 (this week, 3.5 points higher next week), who thought we would reach it? (The weeks are dated from Mondays)

Also, an update to my price projection chart, a statistical creation, and given that there is only a sample of 6 for the Average gain (pivots circled) there is an uncalculated % uncertainty not defined. That said the Average projected forward = 1877. Time wise, we are in the window of the last 6 advances, but that window extends to 3/25. Turns, of course, can happen at any time.
I don't think the sky is the limit, but we are getting close, remember POMO will again be notched down in March (I think )
I think this pop is also related to FX, which I can't try to understand, someone please explain

[gappy]

15 minute Crude

Capture.PNG

Short, stop 103.