07/22/2014 Live Update

[Cobra]

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Resistance, since it's been tested many times, so as long as bulls can simply consolidate here then a breakout is very likely.

[Cobra]

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

[fehro]

SPX 15m.. mind the two upper open gaps.. and red trend.

[gappy]

Vote Cobra. glta

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[gappy]

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The CPI print was front run, then in a millisecond, the low was wiped out. Very bullish.

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Still watching for weakness though, the push for yield and such trumps war.

[fehro]

SPX 15m filled a gap, made a gap

[gappy]

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[gappy]

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[gappy]

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Hourly.

[FlowerGirl]

SPY 198.05 target predicted by odd lot block trades reached

2014-07-17
BLOCK TRADE: $SPY 501,232 shares @ $198.05 [14:35:16]
BLOCK TRADE: $SPY 501,232 shares @ $198.05 [15:20:17]
BLOCK TRADE: $SPY 501,232 shares @ $198.05 [15:22:23]
BLOCK TRADE: $SPY 501,232 shares @ $198.05 [15:58:51]

Market Turning point for today, once again, ~ 12:00 EST.

[Cobra]

members only update at 10:04 am
http://www.cobrasmarketview.com/2014/07 ... ay-update/

[fehro]

INDEX dailies.. SPX pressing all time highs.. NDX multi year new highs.. TRAN new all time highs... others lag

[fehro]

SPX 15m.. another gap filled

[Cobra]

members only update at 10:24 am
http://www.cobrasmarketview.com/2014/07 ... ay-update/

[Out of Bounds]

Closed short at a loss. Apocalypse has been canceled due to lack of interest.
Going long some individual issues.

[daytradingES]

sell?

[Mr. BachNut]

No position. Closed short yesterday and reloaded higher. Reload stopped this morning.

My summation signal is down but could be bottoming.
My composite trend signal is neutral but could easily flip either way.

I have tentatively marked July 17 as a cycle low on my NYMO chart as a higher high and higher low are now apparent (assuming this holds into the close).
While NYMO has been undergoing a long correction to mildly oversold a few days ago, the index went basically nowhere supporting the notion that bears are extinct.
Consequently, this campaign did not produce much juice for me (and but for some luck would have been a loser).
As NYMO is still below zero,I don't expect my summation signal (which is an advance decline based cousin of the MO) to turn up just yet.
I'll want to see how NYMO does around the zero line before judging the rally.
My trend signal could turn up today.
I plan to do nothing for now and will assess where things stand after the close.

[soku]

smell like new high this week.

[Daniel]

Quite the Bollinger Band squeeze in SLV, as it hovers just below its 20day SMA.

Looks like it's ready to squirt like a watermelon seed... but in which direction?

[Cobra]

vol surge so might see pullback here first then we'll see.