10/15/2013 Live Update

[BullBear52x]

I would not be comfortable in bear position until SPX trades <1703.5

[fehro]

VIX daily.. still hanging above the mid BBand 20d SMA, 50d SMA, 200d SMA.. fwiw.

[Denali92]

SPY which I use to track opex, has the higher high, so from an opex perspective, the Monday gap down play can envision the market heading down in to an opex low starting today or we can go higher in to tomorrow and then down....

Simply put - from an opex historical perspective - the Monday Gap Down and Rally situation has ticked its first two boxes.

http://www.cobrasmarketview.com/2013/10 ... ay-update/

-D

[BullBear52x]

bear hopeful chart, bears are now in defensive mode.

[gappy]

SPY which I use to track opex, has the higher high, so from an opex perspective, the Monday gap down play can envision the market heading down in to an opex low starting today or we can go higher in to tomorrow and then down....

Simply put - from an opex historical perspective - the Monday Gap Down and Rally situation has ticked its first two boxes.

http://www.cobrasmarketview.com/2013/10 ... ay-update/

-D

Some agreement here if signal can't be crossed.

Capt.PNG

http://www.safehaven.com/article/31460/ ... rticles%29

[uempel]

Update:

[BullBear52x]

[UUP are doing good on the first buy, GLD is getting more ugly.

[Al_Dente]

Meanwhile over at the bond market:
$TNX (TBT) folks selling treasuries again; fear of default
Fidelity was bragging yesterday that they own NO treasury bills in their money markets (ALL money markets are loaded with T bills)
Wouldn’t it be something if “breaking the buck” on money markets would this time be due to treasury default…yup… an impossible thought….
$TNX = higher high
This is TBT, no hod yet

[BullBear52x]

Update:

4.png

Half of them are going to get voted out any ways, just don't vote my bums out

[BullBear52x]

Meanwhile over at the bond market:
$TNX (TBT) folks selling treasuries again; fear of default
Fidelity was bragging yesterday that they own NO treasury bills in their money markets (ALL money markets are loaded with T bills)
Wouldn’t it be something if “breaking the buck” on money markets would this time be due to treasury default…yup… an impossible thought….
$TNX = higher high
This is TBT, no hod yet

1015tbt_png.png

Dollar up and interest rate up = good economy, no?

[Cobra]

sorry, the projected rebound hasn't started yet. the bias now favor bears a little.

[Xian]

This chart from Minzie Chinn may help give an idea why "Congessional misbehavior" (I love Uempel's way with words) has yet to spark a big sell off, and at what point such an event might occur, if at all, during the current imbroglio.

Hmmm...... Can't post chart from iPad. Here's the link instead: http://www.econbrowser.com/archives/201 ... tai_1.html

Anyhow, food for thought

[Al_Dente]

Meanwhile over at the bond market:
$TNX (TBT) folks selling treasuries again; fear of default
Fidelity was bragging yesterday that they own NO treasury bills in their money markets (ALL money markets are loaded with T bills)
Wouldn’t it be something if “breaking the buck” on money markets would this time be due to treasury default…yup… an impossible thought….
$TNX = higher high
This is TBT, no hod yet

1015tbt_png.png

Dollar up and interest rate up = good economy, no?

or "wall of worry"
oy

[BullBear52x]

Watch list is still $NYAD ( MO after market) are we going to be in the red for real?

[Al_Dente]

nydec = 2000

[Xian]

Ugh, tax day. Mrs. X just asked me to review the check before she heads down to the post office. Ah, patriotism; that sinking feeling you get from writing a giant check to the Treasury Dept.

[uempel]

Some visitor on CNBC suggested that the market might have to fall in order to put pressure on Congress. His idea is that if the DOW loses 1000 or even more congressmen would be forced to halt obstructive moves.

Somehow this makes sense - the bullish market doesn't show how dangerous the current controversy is.

[Cobra]

we're here. rebound looks weak.

[BullBear52x]

Intraday = sell the rip

[Al_Dente]

XIV non confirmation (SPY is in purple behind price)