01/16/2013 Live Update

[Cobra]

$GLD might pullback from here.
https://stockcharts.com/public/1684859/ ... /124844123;

[Cobra]

$TLT might pullback too.
https://stockcharts.com/public/1684859/ ... /132765947;

[Cobra]

still the same question I've been asking everyday: sharp reversal up everyday?

[Mr. BachNut]

Small starter short.
Put on after the pop from Goldman earnings.
My inner bear pestered me all night, and I did this to shut him up.
Technically, it's a crap shoot.

My trend signal is all up.
My summation signal is up.

Last Friday I went neutral in spite of trend for reasons stated then.
So far, it's been beneficial.

With VX expiration done, I now believe the market will move to it's OPEX strike area in the next 48 hours.
Obvious candidates are SPY 149, 148, 147, 146 and 145, and all seem possible to me.

I put on a little short for a few reasons:
Vix seems cheap.
The financials, which have been the bulk of S&P earnings growth, don't seem to be inspiring the bulls to stampede.
Cobra's evil plan.
The overnight action was bearish IMO.
My ongoing narrative about everyone back in the pool, whereby:
Jackals took in a lot of inventory during fiscal cliff drama,
Inventory was marked up and bullish dynamics have facilitated distribution since beginning of year,
OPEX may be opportunity to finish distribution so Jackal warehouse has space for an upcoming debt ceiling accumulation.

Obviously, this could all be bear fantasy. My trade is counter-trend and thus probably wrong.
It's small. So, if the market ramps to the upper strikes, I'll stop it out. No biggy.
If the bulls ain't got it, I may scale a breakdown.

[Cobra]

testing resistance but normally this rebound shall have legs.

[skittlesmds]

$GLD might pullback from here.
https://stockcharts.com/public/1684859/ ... /124844123;

I'm on the same page with you, Cobra. GLD needs to backtest the trendline. Personally, I hope that it holds.

[Al_Dente]

Hmmmm
Nydec is 1900
Not quite enough yet for a “bear trend” day (needs 2000)
But should be enough to fail here
Trin disagrees with me

[Out of Bounds]

Snog indicator is slightly bullish but I'm reading it as neutral. Not meaningful as it keeps flipping every couple of hours. I'm going to short against the intraday trend of the last few days.
Short 146.89

[Al_Dente]

trin it is

[gappy]

Goldman Sachs and Morgan Stanley have reached agreements in principle with the Federal Reserve Board to pay $557 million in cash payments and other assistance to help mortgage borrowers.

These agreements are similar to those announced on January 7, 2013, between 10 mortgage servicing companies and the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board. Like the other institutions, Goldman Sachs and Morgan Stanley were subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing.

The sum paid by Goldman Sachs and Morgan Stanley includes $232 million in direct payments to eligible borrowers and $325 million in other assistance, such as loan modifications and forgiveness of deficiency judgments. More than 220,000 borrowers whose homes were in foreclosure in 2009 and 2010 with the former subsidiaries of Goldman Sachs (Litton Loan Servicing LP) and Morgan Stanley (Saxon Mortgage Services, Inc.) will receive cash compensation under the agreements in principle. Eligible borrowers are expected to receive compensation ranging from hundreds of dollars up to $125,000, depending on the type of possible servicer error.
(Board of Gov's, Fed Reserve)

[JFR]

Is $SILVER ready for a breakout, or a pullback?

[Al_Dente]

If nydec insists on hanging around 1900
That means the bears are not finished ….yet….

[chetas]

Cobra "still the same question I've been asking everyday: sharp reversal up everyday? "

Its always the same until its different

please do not remind benny about this , he may shutdown his robots

[Out of Bounds]

Goldman Sachs and Morgan Stanley have reached agreements in principle with the Federal Reserve Board to pay $557 million in cash payments and other assistance to help mortgage borrowers.

These agreements are similar to those announced on January 7, 2013, between 10 mortgage servicing companies and the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board. Like the other institutions, Goldman Sachs and Morgan Stanley were subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing.

The sum paid by Goldman Sachs and Morgan Stanley includes $232 million in direct payments to eligible borrowers and $325 million in other assistance, such as loan modifications and forgiveness of deficiency judgments. More than 220,000 borrowers whose homes were in foreclosure in 2009 and 2010 with the former subsidiaries of Goldman Sachs (Litton Loan Servicing LP) and Morgan Stanley (Saxon Mortgage Services, Inc.) will receive cash compensation under the agreements in principle. Eligible borrowers are expected to receive compensation ranging from hundreds of dollars up to $125,000, depending on the type of possible servicer error.
(Board of Gov's, Fed Reserve)

$557,000,000.00 won't pay for breakfast.

[TraderJoe]

Tax Dollars at Work - The Interior Secretary's $220,000 Bathroom
http://news.yahoo.com/blogs/abc-blogs/i ... itics.html

[Al_Dente]

Aapl knows how to bounce
“Should the shares continue to rise the resistance pivots of $505.04 and $520.65 should be of interest”
[source: Comtex]

mmmmmmm looks like it needs to pullback right about here
[source: me]

[Harapa]

VIXies Update
Posted here:
http://www.cobrasmarketview.com/2013/01 ... ay-update/

[gappy]

VIXies Update
Posted here:
http://www.cobrasmarketview.com/2013/01 ... ay-update/

[Out of Bounds]

I have a new target of 145.57 - fib retracement. Fingers crossed.

[TraderJoe]

I have a new target of 145.57 - fib retracement. Fingers crossed.

and toes