07/10/2015 Live Update

[Cobra]

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In range bounded by upper and lower blue lines, direction not clear. Just if bulls are able to touch the upper blue line again, the line is unlikely to hold. Also ES rarely leaves gaps, now it has upper and lower gap, both would be filled sooner or later.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2015/07 ... ay-update/

[fehro]

Having even more fun yet? Surprise, surprise...another gap on overnight movement that’s the fun with an elevated VIX! So mind the morning gap, and 200d 2055. And yesterday’s gap 2047-50ish. Still in expanding triangle/bear flag 60m, still in a downtrend channel, fwiw. Upside the 20d is dropping down and getting closer at 2090.. should we press up to the upper trends.

As per yesterday .. again ... VIX possible ascending triangle ABCDE move.. with one more move down for E lower triangle. Should they fade the gap.. target still in 24 range if it plays out/breaks out to the upside.

[Unique]

Oh boy oh boy!
ES Patience Update:
Will we finally resolve the 5 session hourly range bound 2078 vs 2034 today or we gonna get a good old Sunday gap so both sides remain trapped?

Last night update: http://www.cobrasmarketview.com/2015/07 ... -in-range/

[fehro]

SPY 15m.. triangle / channel/bear flag.. for even more chop...

[Unique]

Having even more fun yet?

Too fun. Think my jet lag has been cured by trading china a50 overnight this week.

Now, looking at the risk assessment of whether to keep the rest of CL swing shorts riding like previously 85-> 50 momentum
or is this a pretty range bounded market for now since first try sticksaved at 50.58. Covered 3/4 at around 52.50 target already earlier this week. U still in a little oil?
Damn first world problems

[cletus]

In range bounded by upper and lower blue lines, direction not clear. Just if bulls are able to touch the upper blue line again, the line is unlikely to hold. Also ES rarely leaves gaps, now it has upper and lower gap, both would be filled sooner or later.

In order to fill both gaps, what could happen is the Greek agreement is agreed upon by the creditors this weekend, but the Greek parliament fails to pass the agreement early next week, then back to the drawing board. This has the potential to go on for a while, but I think it's been well established that no matter what happens, the Greek issue is simply not generating the pullback that the bears would have hoped. 3-4% is nothing considering the bull's 300% rise.

[fehro]

SPX

[Daniel]

FXI down 0.8% from the Open, at the end of first 10min bar

[Unique]

NFLX:

Daily is back to best in breed status. Impressive bull leader, above 8ema and 20ema.
Yesterday, closed as bull breakout of 667-668 resistance range. Lots of resistance at 690-695 coming up.
Too bad my risk 2 for 10 short didn't work yesterday.
Split and earnings is next week so I'll revisit this bad boy another time. Even though approaching Extreme hourly overbought signal very soon

[fehro]

Having even more fun yet?

Too fun. Think my jet lag has been cured by trading china a50 overnight this week.

Now, looking at the risk assessment of whether to keep the rest of CL swing shorts riding like previously 85-> 50 momentum
or is this a pretty range bounded market for now since first try sticksaved at 50.58. Covered 3/4 at around 52.50 target already earlier this week. U still in a little oil?
Damn first world problems

/CL -oil update... choppy.. leaning to the downside still.. today's weekly will be of interest.. possible next week may settle down with a small doji.. if not it's going to get uglier. waiting for a bit.

[Cobra]

morning hourly black bar.

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2015/07 ... ay-update/

[Daniel]

Homebuilders, semis strong from Open

Biotechs, China largecaps weak

[Daniel]

morning hourly black bar.

Where have I heard that before?



Seems like we've been having alot of them.

[fehro]

bad cop good cop routine today?

[Daniel]

bad cop good cop routine today?

"Keystone Cops" is more like it.

See my comment from yest. I used the term clowns.

I mean no disrespect, central bankers have a tough job, but this Greece situation and fallout is comic opera. Greece is now offering terms similar to what their (senseless) referendum just rejected? Central banks have created all this, with what BB52 yest called their "excessive engineering" or something to that effect.

[fehro]

SPX so many gaps.. so little movement

[Al_Dente]

AAPL received a fundamental win today when a federal judge in Texas threw out a previous verdict which called for the company to pay $533 million in patent infringement damages, and ordered a new trial. This may be what's helping lift AAPL 0.6% higher this morning to $123.36, a much-needed boost …
Amid the stock's recent struggles, option traders have been scooping up long puts over calls at a rapid-fire rate. AAPL's 10-day put/call volume ratio of 0.57 ranks in the 93rd annual percentile.

Today, AAPL puts are crossing the tape at a rate 1.3 times the average intraday pace. Weekly options are hot, with the 7/10 series accounting for six of AAPL's 10 most active options. Drilling down, it looks like some speculators are purchasing new positions at the security's weekly 7/10 123- and 124-strike puts, betting on the stock to resume its recent downtrend by tomorrow's close, when the series expires.
[schaeffer’s]

[fehro]

bad cop good cop routine today?

"Keystone Cops" is more like it.

See my comment from yest. I used the term clowns.

I mean no disrespect, central bankers have a tough job, but this Greece situation and fallout is comic opera. Greece is now offering terms similar to what their (senseless) referendum just rejected? Central banks have created all this, with what BB52 yest called their "excessive engineering" or something to that effect.

you want comic... unfortunately.. China, ban short selling, force funds not to sell for 6 months, jail short sellers, halt 50% of the equites... are you serious?? really that is hilarious.... and very very scary.. at the same time.. this will definitely not end well.. it's just a matter of time.. and feeling it's closer than most people think.