07/18/2014 Live Update

[Cobra]

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Normally should be another leg down but this never is a normal market, so I don't know if the low was in already. Shouldn't be but I saw too many cases and am brainwashed enough...

[FlowerGirl]

Position Management
Position: Long ES 1950
Take Profit: 1960
SL: 1951 (Breakeven after commissions)

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/07 ... ay-update/

[Out of Bounds]

Entered new short 196.30

[gappy]

Vote Cobra. glta

fx.PNG

[FlowerGirl]

Position Management
Position: Long ES 1950
Take Profit: 1960
SL: 1951 (Breakeven after commissions)

Done.
Thanks to my smarty paints Cousin for this trade.
I am too dumb for this kind of work

[fehro]

SPX 15m .. mind the morning gap.. and number to watch.... 20d SMA 1967.48

[gappy]

Capture.PNG

[brucekeller]

[fehro]

INDEX daily... $RUT almost testing 200d SMA from underneath @ 1140.77

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2014/07 ... ay-update/

[gappy]

SPY and it's CCI, a little diverse. Maybe a little drop coming.

Capture.PNG

[Mr. BachNut]

Short. No change. Profit stop.

My summation signal is down.
My composite trend signal went neutral yesterday but could easily whipsaw back to up today. Another bad day could turn it down.

I thought bears were extinct but maybe not.
Seems like SPY could work a move to one or both of the nearest strikes today.
I'll try to be patient but trade is still on a short leash.

My NYMO cycle chart finally reached an oversold level yesterday.
There are deeper oversold levels on the chart that are not visible so further downside is possible. Plunges can occur from an oversold state.
However, this is the neighborhood to start looking for a NYMO bounce in the days ahead, which may set a bottom or simply be corrective back to the zero line.
So, bears should not get ahead of themselves.
It is pretty darn remarkable to me that a NYMO trend this long to oversold only gets the index back to where it was at the NYMO high.

Today may be about OPEX and shaking out a bunch of folks. The color of things may not clarify until next week (if at all ).

[Cobra]

range with up bias.

[Out of Bounds]

breadth at highs of day

[L_T]

How are those horizontal lines calculated?

[FlowerGirl]

Market Turning Point ~ 12:10 EST
From Tarot Cards readings to numerology...way to go FG

[Out of Bounds]

It seems I have shorted at the low end of a bullish range - I call this a long term position.

[tsf]

Market Turning Point ~ 12:10 EST
From Tarot Cards readings to numerology...way to go FG

Watching you and your cousin is like watching a magician and an assistant.
One never knows what else you will pull out of that hat.
Thanks, FlowerGirl.

[brucekeller]

How are those horizontal lines calculated?

Just channel lines. Prior resistance and support.