05/19/2014 Live Update

[Cobra]

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Pullback to support then rebound again. If this current rebound can make a new rebound high, it'd be 3 legged rebound already, therefore the rebound is not strong. For now I'm neutral, don't know if the rebound can make a new rebound high.

[Cobra]

The week's stock picks are here: http://www.cobrasmarketview.com/2014/05 ... ock-picks/

[fehro]

SPX 15m possible bear flag.. mind the channel lines

[gappy]

Vote Cobra. glta

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[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/05 ... ay-update/

[uempel]

Update:

[fehro]

SPX 5m.. trying to fill morning gap

[fehro]

INDEX dialies.. testing 20d, 50d's VIX tagged 20d,

[L_T]

As of this moment IWM is showing greater strength than SPY or DIA.

[uempel]

Update:

[fehro]

SPX 5m.. not quite top of channel, or into the upper minor interday gap..

[fehro]

SPX 15m

[fehro]

USD/JPY daily ..new weekly lows

[arne reabel]

does the usdjpy stil matter

[Cobra]

members only update at 10:08 am
http://www.cobrasmarketview.com/2014/05 ... ay-update/

[arne reabel]

was not seriously ment

[Heck]

Undervalued opening long Equity calls/puts at +271% on opening rotation suggest up market

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

[Al_Dente]

Look who’s on top at the moment
Intraday

[Mr. BachNut]

Partial Long. No change.

My summation signal is neutral. A solid break of Friday's lows could turn it down.
My composite trend signal is neutral. A positive day today could turn it up.

My signals are ambiguous and need more trade to pick sides.
I have a long from last week, which is a bit trapped.
It either recovers or gets flushed, though it is possible if my summation signal turns down to also end up long and short.
Conceivably, I could also add long if my trend signal gets the plus sign, but last week's downdraft was a bit stiff to throw caution to the wind.
Even if the bulls get some mojo, I'd be inclined to limit size and limit risk or just sit tight with what I have got.
We are back in the heinous trading range, which just kind of sucks in my view.
Other markets are behaving more constructively from a technical view. So, that is where I am directing more attention.
With the SPX, I have no idea what will happen, as usual, however the breakdown in the yen concerns me if it makes tracks.

[Al_Dente]

NY Advancing issues: 1800
NY Declining issues: 1000
NY up/down volume ratio 1.3 to 1