04/16/2014 Live Update

[Cobra]

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I see nothing wrong on the chart, probably this bull has legs?

[gappy]

vote Cobra glta

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[Cobra]

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

[fehro]

SPX 15m.. some higher trend lines to watch, and minor interday gaps (yellow)

[fehro]

SPX 5m.. first trend line.. possible resistance, morphing into a possible bearish rising wedge, if not green channel... and mind the open gap

[Out of Bounds]

Trapped short.
Have my closing order in for small profit - any meaningful dip today will get me out.
Volatility is my friend today.

[fehro]

Index Dailies to start... 20d SMA SPX tagged?

[Cobra]

members only update at 9:41 am
http://www.cobrasmarketview.com/2014/04 ... ay-update/

[flumanchu]

.
From a POMO perspective, this is very stretched. At this rate, there will be no POMO left for the month by the middle of next week. I look for this to come down.

.

[Cobra]

members only update at 9:54 am
http://www.cobrasmarketview.com/2014/04 ... ay-update/

[Cobra]

morning hourly black bar again.

[fehro]

SPX 60m .. poked it's head above the trend lines at the open... will it hold... SPX holding just over 50d @ 1848.65

[fehro]

SPX 5m.. fill morning gap just before Yellen's speech @ 12:15 ET then pop up again to new interday highs to finish off bearish rising wedge?

[Claire]

Any p-bar people: I see what may be a p-bar yesterday in after hours at 183 (actually 2 of them). Do they count??? thanks

[soku]

damn cannot link chart here
patern repeat

[Mr. BachNut]

Partial short. Profit stop was hit after hours.
Did another day trade short yesterday morning that worked.

My summation signal is neutral.
My composite trend signal is down.

I only honored half my stop last night as I generally don't trust after hours prices, but this was just shortly after the close.
I have some decent profit cushion. So, I am going to watch for awhile before making a call on the balance.

Having done some day shorting (with trend), I can say that the down moves have taken work while the up moves were swift and smooth.
Day longing would have been easier and more lucrative as some of you probably experienced. Not my gig.
Bears came close and needed to break that Friday low but failed to close the deal.

Some of this mornings action may have been related to setting a print for the VIX contract expiration.
For the SPY, it is looking like 185 may be the battleground strike. The question is how big is the plus/minus?

If the downtrend is going to continue, it looks like it may have to wait until next week.
My technicals improved but more is needed to move my signals.
The candles on the Russell and NASDAQ have bottomy type tails.
If their low is in, I don't see the SPX varying from that.
Protocol tells me to get out of my trend trade.
If the stop is just due to an OPEX pump, I'll be open to re-load later.

[BullBear52x]

Entering the danger zone.

[BullBear52x]

Mid to Long term = Come to papazone

[fehro]

VIX daily trying to hold 20d, 50d, 200d SMA

[uempel]

Intraday Bullish Percentages: BPNYA +1.04%, BPCOMPQ +0.18%, BPNDX +5.13% (finally!) BPSPX +0.92%, BPOEX +1.00% - only BPINDU and BPFINA are flat.

Does BPNDX performance indicate a reversal in big tech?