04/18/2013 Live Update

[flrtrader]

Thoughts on longs from 36?

[rocket]

Thoughts on longs from 36?

I would keep it until at least above 1550 ES. Today might be that big squeeze day.

[gappy]

sectors.png

[wayne0708]

looks like a head fake on the down side.

[BullBear52x]

/ES 1528

[Tabby]

No bloodbath as expect after a weak rebound so out of IWM puts .

out of curiosity, how much blood are you looking for? We went from 954 on March 15 to 894-899 up and down in a month.

[wayne0708]

looks like a head fake on the down side.

[BullBear52x]

looks like a head fake on the down side.

/ES here, 3rd time is a charm?

[KENA]

Looks like we may be green today..Keep in mind the up P Bars yesterday.

[Cobra]

the rebound might have legs.

[uempel]

Reminder of the time signal on SPX 60min - approx 3:00 p.m.

[TumblingDice]

No bloodbath as expect after a weak rebound so out of IWM puts .

out of curiosity, how much blood are you looking for? We went from 954 on March 15 to 894-899 up and down in a month.

I was talking about the intra-day action. After a weak rebound (no gap up, no push up at the open) the resulting selloff should have been violent. Instead it was (so far...) a dud. Hence I am expecting a rebound here. What should have happened today was a major selloff, instead since these expectations were not met, an even stronger move in the other direction should materialize.

Now, we can either see a repeat of February: two strong down days then a squeeze from hell, and if this rebound keeps going that will be the expectation. Or we can see a breakdown of that pattern either on Friday or Monday with a heavy turn down.

[Cobra]

members only update at 10:56 am
http://www.cobrasmarketview.com/2013/04 ... ay-update/

[stlwater]

Well I got rid of my GDX widowmakers, and the take away lesson here is to never touch that symbol again... unless it paints a very compelling bottoming setup.

No bloodbath as expect after a weak rebound so out of IWM puts and loaded up on VXX puts.

Maybe I'm wrong but you just might have sold the bottom. Time will tell.

[johnnywa]

Looks like we may be green today..Keep in mind the up P Bars yesterday.

Kena,what were the p bars?

[TWT]

$SPX: The ED of the ZZ option could be done Critical support at 1539.50 not breached

[EvilTrader]

Long and proud of it.

For how long Long ? Thats the question !

[EvilTrader]

Looks like we may be green today..Keep in mind the up P Bars yesterday.

Miyagi p-bars are the sh*t.

[TumblingDice]

Well I got rid of my GDX widowmakers, and the take away lesson here is to never touch that symbol again... unless it paints a very compelling bottoming setup.

No bloodbath as expect after a weak rebound so out of IWM puts and loaded up on VXX puts.

Maybe I'm wrong but you just might have sold the bottom. Time will tell.

It's entirely possible, but I'm sure there will be a retest sometime in the future. Maybe I'll add a few way OTM July calls here just for fun.

[Al_Dente]

11 of the 30 dow stocks are green
It looks earnings-driven

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