02/27/2014 Live Update

[gappy]

If vwap designates good/bad entries, we are seeing an all day lollipop, based on the now Yellen put I guess.

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http://www.youtube.com/watch?v=y23WN9t_WVU

[MrMiyagi]

spy

[Cobra]

100% mm target.

[gappy]

MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500 Eyes 1,850 Record

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[Out of Bounds]

TRIN is ...odd today.

Volume for decliners is higher than volume for advancers.

[Cobra]

members only update at 1:44 pm
http://www.cobrasmarketview.com/2014/02 ... ay-update/

[Al_Dente]

holy shite
friggin worthless bears
friggin box
surely it will need to backtest the box breakout, as not enough folks have been screwed just yet

[koolblue]

1853!...11:29 page 4 post... pretty good call for an old man. lol

[Al_Dente]

[add on] FWIW
That blue box target is roughly 186.70
I don’t see any resistance between here and the old 24 Feb hi

[champix]

1853!...11:29 page 4 post... pretty good call for an old man. lol

experience always wins the day

[BullBear52x]

what a mess, 20 points span, this casino is only getting better.

back to buy the dip intraday both /ES and Cash, vixies is with bulls.

[Nrsimha]

Al Dente, Was that your order on the SPY? (one million shares)

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LOL

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[BullBear52x]

bulls need to take out 1853ish to cancel this bearish fib extensions.

[koolblue]

1853!...11:29 page 4 post... pretty good call for an old man. lol

experience always wins the day

Yeah, but a little common sense and luck doesnt hurt either!...LOL

[KeiZai]

Watch XIV I was expecting little deeper pullback download/file.php?id=59517&mode=view but this could be actually done here (with triangle as a wave2) and someone may see it also as a inverse HnS (breakout would trigger wave3) so good to keep an eye on this one imo

[gappy]

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Guess old correlations suffer when only price pays.

[BullBear52x]

one step at a time, now hourly /ES is entering a sell zone, until this one fail before bulls can gain the full strength.

/ES and SPX is still on a conflict on buy and sell, more volatility ahead, /ES is going on the 5th sell.

[rhight]

This is the way I look at it ; the smart money longs (GS, JPM, etc) from 4 weeks ago, want to sell their longs, and they don't want to do it with a trailing stop, so as to maximize their profit. So they periodically sell at a perceived top (daily swing top) and play the late buyers like a fish, and each time the buyers come in, sell a little more. When that game gets long in the tooth, they throw their weight around, because they can (drive significant % of volume) and they run the short stops. That way their remaining longs are sold to someone who really doesn't want to being holding a long either, but the shorts got ahead of themselves, through their analysis, and prudently shorted an overvalued stock, and prudently put in a stop. And, the late buyers think there is a breakout to ungodly new highs. Now this can go on for quite some time until all available "dumb" buyers have been exhausted, and the "dumb" shorts have wised up, then the smart money proceeds to sell off the rest their swing longs, the market dives, and they look for a discounted buying opportunity later.

Now, I don't know for sure, but I'm looking for a swing top between now and the end of next week, between the current price point, and maybe 1880 on SPX (an educated guess). 1858.7 may already be that high, I don't know. We got stopped at the neckline of the little inverse cup and handle from 2/24, and that may be it (but probably not, there are more stops above there )
Jack be quick, Jack be nimble (It may go to March expiry, I don't know, I don't run the show)

[BullBear52x]

Watch XIV I was expecting little deeper pullback download/file.php?id=59517&mode=view but this could be actually done here (with triangle as a wave2) and someone may see it also as a inverse HnS (breakout would trigger wave3) so good to keep an eye on this one imo

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dip buying on XIV is weakening but not a failure just yet. histogram is still positive, no sell for me.

[koolblue]

jUST COVERED MY SHORT FROM 1852.50 AT 1849.50...THE RED AVG ON THE 10 MIN CHART.. HERES AN UPDATE: (back to the 1844line?)