02/01/2013 Live Update

[KeiZai]

Hedging silver again

Holding short over the weekend. Then we'll see.

This was my original plan 1. after yesterdays pullback I changed it to this 2. now I am little confused which one is going to play out...but I see dollar strength coming so I favor the second one


1.

2.

[chetas]

SPY all the upside _bar, trgts have been met, on downside we have a P-bar to 149.7

[Cobra]

members only update at 9:49 am
http://www.cobrasmarketview.com/2013/02 ... ay-update/

[gappy]

$NYADV = 2200

Nice to see that again. http://www.youtube.com/watch?v=XIs1vcoPQbw

[TWT]

$SPX: Bearish setup wounded but not dead yet

[Al_Dente]

$NYADV = 2200

Nice to see that again. http://www.youtube.com/watch?v=XIs1vcoPQbw

Been a long time since we’ve seen a real “bull trend day”
Must stay > 2000
(thanks for the Count)

[Cobra]

Cobra

I have a doubt on bearish reversal day,

for a bearish reversal day, does SPY / es should make a higher high , or just a gapup and then closing in red is enough ?

It's higher than yesterday's high, so higher high is fulfilled.

[chetas]

Thanks cobra

[gappy]

Hedging silver again

Holding short over the weekend. Then we'll see.

This was my original plan 1. after yesterdays pullback I changed it to this 2.

silv.png

The trend is a friend. I just can't buy the "safe haven" maintainence, but continue to look forward to your guidance Mr. KeiZai.

[Cobra]

here's what happened when we have a morning black hourly bar. $SPY
https://stockcharts.com/public/1684859/ ... /286407830;

[skittlesmds]

IMHO, major battles going on between bulls and bears at least on 5 min ES chart.

[Mr. BachNut]

Light Long.

My composite trend indicator is up and unchanged.
My summation index model, after yesterday's close, put out a low quality signal to short a break of yesterday's low if it occurs.
The signal was low quality because the McClellan was only a little negative (easily whipsawed) and the Russell 2000 component of the oscillator was negative but rising (falling oscillators on all components work better).

At the moment, yesterday's low is not in play. So, the signal may not trigger.
If it does, I may go neutral and wait for more data before shorting.
The trend is still up.

[Tutti]

Trade idea if anyone is interested.

HGG inv H&S with gap right above - love this set up. Massive short int with 22 days to cover @ 44.5% of the float in a very thin stock:-)

[KeiZai]

Hedging silver again

Holding short over the weekend. Then we'll see.

This was my original plan 1. after yesterdays pullback I changed it to this 2.

silv.png

The trend is a friend. I just can't buy the "safe haven" maintainence, but continue to look forward to your guidance Mr. KeiZai.

I don´t see downtrend in silver but long lasting consolidation, maybe because I play silver in bigger TF only hedging in ST

[skittlesmds]

14K on Dow

[Unique]

Exhaustion candle. Real bears are here

Still exhaustion candle
This is too fishy. We are at top of limitations, this gonna end badly. If 20EMA 1min still shows strength after shake, then have to respect and take shorts loss.

[Cobra]

this bull may have legs.

[bushwaffle]

Exhaustion candle. Real bears are here

Still exhaustion candle
This is too fishy. We are at top of limitations, this gonna end badly. If 20EMA 1min still shows strength after shake, then have to respect and take shorts loss.

What exactly is a "limitation"?

[Unique]

Exhaustion candle. Real bears are here

Still exhaustion candle
This is too fishy. We are at top of limitations, this gonna end badly. If 20EMA 1min still shows strength after shake, then have to respect and take shorts loss.

What exactly is a "limitation"?

Limitations are just short term top signals. Confirmation is always on price.

1min 20EMA and ongoing support for today will give us the answer of strength and sustainability.

[kenttown]

What was DOW p-bar from yesterday, anyone remember?