11/13/2012 Live Update

[Cobra]

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Gap down below yesterday's low so the gap might not be filled.

Hard to call Global ES here because it's the 2nd test of the previous low with much slower selling speed, so a consolidation or small rebound here is OK for bears but overall, bears need decisively break below the previous low otherwise it's double bottom which is large enough for an intermediate-term bottom. So key time here.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2012/11 ... ay-update/

[Cobra]

For DAX, hopefully this time is a real breakdown of the Triple Top pattern.

[Cobra]

Euro might be on the way to the Double Top target.

[Cobra]

oil consolidation here is generally good for bears.

[Petsamo]

A few weeks ago I told you guys that the US will become an oil exporter. Here's the article, dated yesterday.

[Cobra]

the open.

[Cobra]

fib info. very strong rebound.

[Out of Bounds]

Initiated short position.

[uempel]

For DAX, hopefully this time is a real breakdown of the Triple Top pattern.

Found good support at 7075 today, long, maybe not merely a daytrade.

[uempel]

For DAX, hopefully this time is a real breakdown of the Triple Top pattern.

Found good support at 7075 today, long, maybe not a mere daytrade.

Check the 1 min chart

[Cobra]

members only update at 10:07am
http://www.cobrasmarketview.com/2012/11 ... ay-update/

[fehro]

trend line SPX 60m. Divergence formed. Another hammer candle. fwiw.

[L_T]

From Cobra's stock pick page EPXE is looking very nice here. I also like the charts of ETN and V. All of them showing relative strength in the face of a weak market. If we can get some strength in the broad indexes I like these on the long side FWIW.

[Cobra]

volume surge, biggest bar, so might see pullback here first but this bull has legs.

[Out of Bounds]

2nd short in, may not do 3rd

[Mr. BachNut]

Market Neutral, but thinking potential for bullish turn.

While the SPY printed below Friday's low this morning, the ES Future did not.

[Petsamo]

Market Neutral, but thinking potential for bullish turn.

While the SPY printed below Friday's low this morning, the ES Future did not.

We came close to busting yesterday's high. Short-term, we're oversold.

[Mr. BachNut]

There is a trend convergence worth noting.
The present declining tops line and the broken October low rising bottoms will start to hug and kiss Friday/Monday.
I have also sketched in a thin meridian line that seems to fit the trend and goes to the same neighborhood.
If we get a bounce into OPEX, this area is a prospective target.
I don't know what will happen though... Just something to noodle on.

[Out of Bounds]

Closed the shorts and took the loss.