05/06/2014 Live Update

[Cobra]

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Key time for bears. See the blue line above? It's been tested 4 times now, right? So if bears cannot push down from here, one more rebound to touch the blue line, you bet we'll see a breakout. I see an Ascending Triangle here.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/05 ... ay-update/

[gappy]

Vote Cobra. glta

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[fehro]

SPX 15m.. watch blue trend.. for support. break that then we may have a sharper down move..

[uempel]

Update:

[gappy]

SPY 3 minute.

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[Denali92]

Interesting to see the first 10 min buy signal on a Tuesday in TWO MONTHS - last one was on March 11th.... post employment...

While we had some nice intraday volatility that day..... we amazingly closed down 10pts in the SPX that day

At some point, the Tuesdays need to start reverting to norm....

-D

[KENA]

watch for a bounce up to 188.45 and maybe more. Lets see

[KENA]

chart by stocktiming

Liquidity has been holding in the positive area,If you are a bear you need a less liquidity to make a buck.

[Cobra]

triangle, bias is a little down, but it also means bears are not strong.

[Cobra]

members only update at 10:04 am
http://www.cobrasmarketview.com/2014/05 ... ay-update/

[fehro]

VIX 15m.. messy but a couple of possible little patterns.. messy invs H&S / ascending triangle ( uncomplete.. more chop) larger blue triangle... all messy.. or just a plain "W" bottom.. which measures much higher.. but more data on the left of the chart you can't see makes that suspect pattern..

[Mr. BachNut]

Neutral. Sitting by the dock of the bay...

My summation signal is neutral.
My composite trend signal is up with 2 critical indicators pointed down. One critical indicator turned up yesterday.
Price remains in the heinous trading range.

My models remain neutral to up. The range trading is rendering them lethargic.
I think they are telling me that money continues to flow into the market but the interest to buy at higher prices is not great.
There is not much pressure to sell either at the moment.
I continue to anticipate a pop of the trading range top if only to run stops. However, the inability to do so by now should be troubling to the bulls.
It feels like they are running out of time, and price action is starting to look dubious to my eyes.
Janet speaks tomorrow, which could spark a move one way or the other.

My models are slow moving. So, they probably won't say much new until price starts moving.
Until I get some good signaling, if I put on a position, it will be a rental based on tape and chart reading.
In the mean time, I am working other markets.

One thing to note is that NYMO is looking poor this morning. If it closes that way, it will be sounding a cautionary note. It was same deal yesterday, and bulls pulled it out.

[fehro]

USD/JPY daily.. pressing 200d long term support

[Cobra]

double bottom?

[gappy]

SPY 3 minute again.

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[gappy]

USD/JPY daily.. pressing 200d long term support

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[fehro]

SPX 5m.. yesterday's possible H&S = fail.. was a tad questionable.... anyhow possible orange triangle.. should we have chop until after lunch hour.

[gappy]

SPY 3 minute. Posted 15 minutes ago:

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Now see magic different bars?

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WTH

[TumblingDice]

XLF heavily underperforming the last two days. It usually leads.