10/01/2013 Live Update

[Cobra]

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I see 3 push up, the 3rd push up only made a double top, so the bias is down, we may see a 2 legged pullback here.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/10 ... ay-update/

[seemore]

Gold futures have tanked. Down to 1297 now from 1331 2 hours ago.

[L_T]

Anyone else been watching dollar weakness? This is a weekly of UUP.

[TWT]

$SPX: 1x1 target of ABC off last Monday´s lod at 1690

[Out of Bounds]

short - target 167.90

[Claire]

very quiet today? where's cobra???

[Daniel-David]

JNK and HYG not confirming equity bullishness today.

[Daniel-David]

15min timeframe, SPY encountering resistance at its (downslope) 50period MA.

[Cobra]

members only update at 10:08 am
http://www.cobrasmarketview.com/2013/10 ... ay-update/

[Daniel-David]

Intraday uptrend confirmed in market darling IWM by 20MA crossing above 50MA (15min bars), as it encounters resistance at its daily pivot R1 (ca.107.20). Price is above the 5day MA around 168.80

[fehro]

SPX 60m... still in a possible bear flag.. break down trend lines.. look to fill the gaps retest higher trend lines.. break down.. look for lower channels *added the morning gap

[Out of Bounds]

A/D is still 2:1 however, it is weakening

[Cobra]

consolidation, breakout bilateral, so I'm neutral here. wait.

[Daniel-David]

SPY now holding above yest. HI of 168.54

[Cobra]

target.

[fehro]

http://www.newyorkfed.org/markets/tot_o ... edule.html

[Mr. BachNut]

Pilot short. Generous stop. Waiting for the table to be set before eating the main course.

My summation index signal is down for the SPX but neutral for the R2K. R2K signal needs solid fresh lows to turn down.
My composite trend signal remains neutral. It is as bad as it can get without declaring a downtrend. All indicators in the model are now down except 3 critical ones, one of which needs to change to turn the signal.

I thought yesterday would roll my signals over but no.
While price has been whacked in recent days (and price rules), there are still bulls at work in the tape, especially in the Russell and the NASDAQ.
So, I have got some small short on to honor a signal, but I'll be needing more evidence to go serious bear.
Moreover, some strength could potentially turn my neutral signals up!
I'll probably be treading lightly for a few days to the charts some time to mash around.

[fehro]

SPX 15m... mind the minor interday gap on the SPX 5m... at 1687ish

[Mr. BachNut]

Looks like the the Russell wants to close at an all time high today.