09/23/2013 Live Update

[Cobra]

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Measured Move target 1688.75, as usual, I'd believe Fib 61.8% Measured Move at 1695.91 which is almost there. Bears need push harder otherwise it could be 3 Push Down.

[Cobra]

Weekly stock picks are here: http://www.cobrasmarketview.com/2013/09 ... ock-picks/

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/09 ... ay-update/

[smith]

This week is historically bearish

http://humblestudentofthemarkets.blogspot.com/

[fehro]

SPX 15m, 60m

[fehro]

nice gap on AAPL today... 60m

[L_T]

This week is historically bearish

http://humblestudentofthemarkets.blogspot.com/

Glad my expectations are the same as his:

"The market may show some minor weakness in the week. Unless the fundamentals seriously deteriorate, such as forward earnings start to fall, the bulls are still in control of the tape."

[Cobra]

members only update at 9:35 am
http://www.cobrasmarketview.com/2013/09 ... ay-update/

[fehro]

nice pop in the VIX 15m

[Cobra]

members only update at 9:39 am
http://www.cobrasmarketview.com/2013/09 ... ay-update/

[fehro]

about to fill the FED open gap to 1703ish SPX 60m

[fehro]

SPX 5m... mind the minor interday gap at 1708 ish..

[L_T]

GDX hourly. Just an interesting looking chart having re-traced the entire fed bounce.

[fehro]

VIX daily tagging the 50d SMA at 14.09 VIX =14.18 atm

[Cobra]

members only update at 10:04 am
http://www.cobrasmarketview.com/2013/09 ... ay-update/

[Cobra]

volume surge, may see rebound here first but NORMALLY this bear shall have legs.

[wayne0708]

I would expect a bounce at 38% fib and gap support

[fehro]

SPX 5m, SPX 60m... we don't hold here look for lower cyan line? .. fill next gap? ... mind the tiny minor gap at 1708 SPX 5m

[Mr. BachNut]

Long.

My summation index signal is up.
My composite trend signal is up.
Both signals retreated on Friday but ended up on the up side of neutral.

I re-established my long to align with my signals.
I caught a nice chunk of spread rolling from September to December contracts between Wednesday and Friday.
At this point, even if I get stopped out of current position, the campaign for this trend should be profitable.
I am inclined to be bearish here, but I am going to stick to the signals.
They took some damage Friday. If this week goes poorly, they could turn.
My view will also be colored if we get a Dow down Friday and Monday (looking that way at the moment).

[fehro]

VIX 15m.. up against resistance