04/21/2014 Live Update

[Cobra]

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Bull flag, so bias is up.

[Cobra]

weekly stock picks are here: http://www.cobrasmarketview.com/2014/04 ... ock-picks/

[Cobra]

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

[fehro]

SPX 5m... a tad messy.. but mind the trend lines, and the lower open gap.

[fehro]

SPX 5m.. back test of pink wedge... blue trend next?

[fehro]

VIX 15m.. a tad messy too.. but active this AM

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2014/04 ... ay-update/

[fehro]

SPX 5m.. stalled then popped above the pink trend.. new highs.. still have minor divergence on RSI, MacD

[Mr. BachNut]

Neutral. No position.

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

I got shaken out of some shorts last week in the black.
At this point, my models are agnostic as to whether we resume the downtrend or engage an uptrend.
I have my own opinion, but Mr. Market doesn't care what I think.
If I fear anything, it is that we could end up wallowing in another heinous range trade for awhile.

I'll probably do nothing today.
Depending on how things go, my models may set up to reload shorts or just sit tight.
We're near some resistance on the SPX, which looks intriguing for the bears.

[Mr. BachNut]

P.S. I am also pondering the following. We are getting into the heart of earnings season. How that unfolds may become salient to how Mr. Market chooses to behave in upcoming days.

[Platy]

Major turn date today/tomorrow. SPX has resistance on the grand cross at 1873.5.

[KENA]

Margin info....Just gets higher and higher.

[fehro]

SPX 5m.. possible support here.. mind the inter day gap... red trend, blue trend

[soku]

anybody has issue with twitter? i cannot login the pc version this morning. keep on asking for pswd reset. mobile works

[Cobra]

vol surge, may see rebound here first then we'll see.

[fehro]

SPX 5m.. inter day gap filled

[soku]

my reading of support resistance

[fehro]

SPX 5m.. near top of channel red/cyan.. possible resistance

[Heck]

vol surge, may see rebound here first then we'll see.

Red Alert GeoMag storm yesterday gives cover to stealth bulls this week:

http://www.n3kl.org/sun/noaa.html

ISE ISEE undervalued All, Equity and Index calls/puts as high as 355% this AM say Hi and Buy dips:

http://www.ise.com/market-data/isee-index/

Very unexpected sentiment trade.

[Heck]

Neutral. No position.

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

I got shaken out of some shorts last week in the black.
At this point, my models are agnostic as to whether we resume the downtrend or engage an uptrend.
I have my own opinion, but Mr. Market doesn't care what I think.
If I fear anything, it is that we could end up wallowing in another heinous range trade for awhile.

I'll probably do nothing today.
Depending on how things go, my models may set up to reload shorts or just sit tight.
We're near some resistance on the SPX, which looks intriguing for the bears.

Re "I have my own opinion, but Mr. Market doesn't care what I think."

Amen, perhaps our most valuable market insight.