01/19/2013 Weekend Update

[Cobra]

Algo from stocktiming. It's overbought, consider the Martin Luther King week bearish seasonality (http://www.cobrasmarketview.com/martin- ... g-jr-week/), so maybe a small pullback next week. But generally a negative divergence is needed for Algo before a meaningful top is possible, so chances are the small pullback next week would be bought, there'll be a new high later.

[Cobra]

II and AAII. I don't think they're extreme enough.

[Cobra]

I believe VIX collapsed today, cannot prove it though, but certainly those who bet VIX up were capitulated. Just look at the UVXY volume today.

[Cobra]

VXX volume surged too.

[Cobra]

Summary of the week's stock picks.
viewtopic.php?f=10&t=794&p=114443#p114443

[Cobra]

Stock picks for next week.
viewtopic.php?f=10&t=802&p=114445#p114445

[Cobra]

Yes, VXX/UVXY volume surged, might mean VIX bulls capitulation. How above SPX then?

I don't see volume surged enough on SPX today especially it's OE day, so volume should be surging. The price volume pattern shown in chart below however, is interesting, which I'll show more detailed back test in the members only report this weekend.

P.S. I don't mean top, the previous case happened to be a top, it's just a coincidence. The price volume pattern does have certain chances to mean top though.

[Jcantrade]

Cobra, the money flow looks really confusing today. ChiOsc shows as oversold. While the rest overbought. Any say on this? Thanks.

[Royal Flush]

A degapped ES Equity RTH bounced off of the bull trend line from 1/10 on a 4th touch yesterday at a prior support level.

[Cobra]

Cobra, the money flow looks really confusing today. ChiOsc shows as oversold. While the rest overbought. Any say on this? Thanks.

Forget about Monday flow, especially ChiOsc which is more a momentum indicator. So momentum is low doesn't mean the price won't rise, no to mention ChiOsc only means the money flow momentum is low, not price momentum is low.

[uempel]

This is for Harapa he'll add some info later on. It's about VIX behaviour when these long term ellipses on the weekly get either touched or are pierced by price - as happened last week

[Al_Dente]

Bespoke has great fresh stuff on earnings season
Scroll down to see next week’s earnings data (with % beats)
http://www.bespokeinvest.com/

IBM (11% of the dow) reports on 1/22. They have a 78% “beat rate” on eps (earnings per share) and a 56% “beat rate” on revenue.
Chart resistance is the 200sma black-dotted line, where it has stopped twice in the last two months. Support is obvious at the succession of higher lows.
Also, lots of dow stocks report next week; it should be an “earnings driven” week.

[Al_Dente]

PAGING NEWBIES
Here’s a good starter piece on how-to create and use chart ratios (quick and easy)
http://dynamichedge.com/2013/01/17/how- ... ree-tools/

[Al_Dente]

Filthy rich CEO watch … just for fun

Pay for Disney's Iger Exceeds $40 Million
http://online.wsj.com/article/SB1000142 ... business_f

Big Payday for Goldman CEO
Stock Bonus Jumps to $13.3 Million; On Track for $21 Million in Compensation
http://online.wsj.com/article/SB1000142 ... business_f

[How to access ANY article if u are not a subscriber: copy and paste the headline in the search window at news.google.com
Click the search button. It should come up as a clickable article that you can fully read.]

[knock]

In recent gold silver COT report, smart money is hedging more. What does that imply?

[Harapa]

This is for Harapa he'll add some info later on. It's about VIX behaviour when these long term ellipses on the weekly get either touched or are pierced by price - as happened last week

I have posted my analysis here. Please take a look.
http://www.cobrasmarketview.com/2013/01 ... g-signals/

[KeiZai]

My primary target in russell has been reached...closed all long positions here, opened new ones...if u know what I mean

IWM

Everyone see bond market as bearish, not me...might around 168 I will

constructive

If anyone is trading RIMM here, this is what I see

-made one change there, with big gap down cycle has ended, nevertheless chart was on the money : viewtopic.php?f=2&t=769&p=110295#p110295

time for a pullback soon

this is very likely exhaustion gap

BB I think I will regret I didn´t go short XIV, friday´s move was more like throw over what is very often in ending patterns (for example in ending diagonals) might you know my MT target is 21.90 that´s f* close....and thanks for charts at the end of the day, like them...have a nice weekend guys

[BullBear52x]

My primary target in russell has been reached...closed all long positions here, opened new ones...if u know what I mean

IWM.png

Everyone see bond market as bearish, not me...might around 168 I will

US01.png

If anyone is trading RIMM here, this is what I see

-made one change there, with big gap down cycle has ended, nevertheless chart was on the money : viewtopic.php?f=2&t=769&p=110295#p110295

Rimm01.png

this is very likely exhaustion gap

Rimm02.png

BB I think I will regret I didn´t go short XIV, friday´s move was more like throw over what is very often in ending patterns (for example in ending diagonals) might you know my MT target is 21.90 that´s f* close....and thanks for charts at the end of the day, like them...have a nice weekend guys

Thanks, regret that you are missing the train? it wouldn't surprise me at all that it will hit your target some times the best looking entry turns out to be the most unprofitable one. I don't know what to talk bout this week, seems like we cover all possible corner of the market already short or long term. anyone want second opinion on anything? I'll check back in tomorrow.

Thanks and good luck to everyone.

[Jack12]

My primary target in russell has been reached...closed all long positions here, opened new ones...if u know what I mean

IWM.png

Everyone see bond market as bearish, not me...might around 168 I will

US01.png

If anyone is trading RIMM here, this is what I see

-made one change there, with big gap down cycle has ended, nevertheless chart was on the money : viewtopic.php?f=2&t=769&p=110295#p110295

Rimm01.png

this is very likely exhaustion gap

Rimm02.png

BB I think I will regret I didn´t go short XIV, friday´s move was more like throw over what is very often in ending patterns (for example in ending diagonals) might you know my MT target is 21.90 that´s f* close....and thanks for charts at the end of the day, like them...have a nice weekend guys

Yes, it looks like a bull flag

[BullBear52x]

Sunday entertainment. very few comments this weekend Hmmmm.

lets talk GLD and SLV, lots of over head resistances but chart pattern are bullish also for GLD and SLV. a break out over 50 DMA will be very encouraging for the long term swing.