04/02/2014 Live Update

[Cobra]

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I see nothing wrong. The pullback can be seen as a Bull Flag for now.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/04 ... ay-update/

[gappy]

fx.PNG

glta

[Mr. BachNut]

Working to flat.
Stop hit.
On a plane traveling.

Summation signal is up.
Trend signal is neutral.

Sent from my ADR6350 using Tapatalk 2

[rhight]

Good morning Cobra,

I still think this is a top, even with the ludicrous suggestion on Marketwatch that the past few weeks could be interpreted as a double bottom. It could be considered a consolidation, leading to a continuation, but I doubt that too. I agree with DellGriffith that a breakout up when the Daily and Weekly BB's are narrow, and SPX price is virtually touching the top of both bands, is unlikely. The two annotated sentiment charts I posted on the Weekend update from 3/22 are still giving the same message, and the following TIP/TLT chart concurs. I'm working on a volume study now that I can see is giving the same message. The take away is that what we are seeing is a controlled distribution at high prices into steady buying pressure, and when the major players are in position, then the market will drop. It is the prolonged nature of the distribution pattern that really concerns me. Just what is in store?

[Cobra]

morning hourly black bar.

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2014/04 ... ay-update/

[Cobra]

possible 3 push up so the final direction might be down.

[fehro]

SPX 5m

[DumbMoney]

gm,based on Mr Miyagi's P-bars,I think SPY may go like this.

[fehro]

VIX 15m... possible blue bullish falling wedge... other wise look for lower red = pop in SPX

[Out of Bounds]

Sold my longs that were established in pre-market.

Edit to include the trade
Bot SSO 106.77 Sold 107.27

[uempel]

Intraday Bullish Percentages are gaining strength, just like yesterday, BPNYA +0.43%, BPCOMPQ +0.37%, BPSPX +0.48% and BPNDX +1.72% - the others are flat.

[Out of Bounds]

Short for pullback bot SDS 27.84.

[fehro]

SPX 5m.. possible resistance area.. minor divergence RSI, MacD

[fehro]

VIX 15m... still weak

[DumbMoney]

Short for pullback bot SDS 27.84.

I bought SDS at 27.84,too.

[Out of Bounds]

Short for pullback bot SDS 27.84.

I bought SDS at 27.84,too.

I thought we would have topped really quick. It may be forming bit of a flag here and if it does, I will gladly sell you more at the same price

[Platy]

I have a pretty important astro turn date today.

[fehro]

VIX 60m... gap filled.. possible descending triangle pink trend break... but could be a head fake.. orange bullish falling wedge.. not clean.. SPX / TRAN new highs.. all others still lag