12/12/2014 Live Update

[Out of Bounds]

Long ADBE for a scalp

That is scary it's in my sell the rip zone for mid to long term setup. wish you the best.

I'm already out. Quick $500!

[Out of Bounds]

I'm out guys, treating myself to an early start on the weekend.

[BullBear52x]

161.8% SPX intraday sit at 2008.

[Mr. BachNut]

Well, the benchmark for this NYMO down cycle (SPX 2018.19) was finally reached this morning.
Market is free to go lower as benchmark is just a suggestion that price may at least go that far.
There is still an unclosed gap at 1999.40 that looks interesting, particularly because it coincides with the 50 day MA.

Things are interesting here IMO. A few observations:

The NYMO down cycle has run a long time in days. Time-wise it is fair to look for a turn.
NYMO has also ticked into the turn zone (thin green line) intra-day. So, it is fair to start looking for a turn.
The NYMO oversold zone (barely visible lower green line) is still a ways away. So, this thing could go lower.
Even if NYMO turns in the days ahead, it is not uncommon for price to make lower lows (generally after a bounce) with a divergence. Doesn't have to though.

The GBP Yen cross I have been following is putting in an inside day. If this doesn't breakdown, I'll consider it a bullish divergence. Perhaps a Friday afternoon rally if it climbs? We'll see.
A weekly VIX close above 19 is bearish IMO. Generally suggests more trouble ahead. However, we got one in October, which set up the price low instead.
The R2K is flirting with a head & shoulders neckline, which suggests some real downside. I'll be watching the close.
Seasonality is bullish. OPEX is next week, and folks taking profits on expiring December futures should be wrapping up soon.

So, there is a mix of bearish and bullish stuff. I am clueless as usual as to what will happen.
However, edge and asymmetry for new (multi-day bigger move) equity trades are not there for me at this moment.
Maybe next week. I anticipate taking some short index chips off the table shortly and leaving runners with profit stops just in case.

[tsf]

Newbie's wild guess: Bears beware. This may be a SELL of SDS ???

BLOCK TRADE: $SDS 560,389 shares @ $23.13 [11:17:55]

[K447]

Long SVXY ~ 59...

IN...
It is a counter trend trade...Don't Jinx it...

Where do you want to go with this?

[FlowerGirl]

Where do you want to go with this?

Ha Ha...you think I know that...
I just follow the trend...never ever worry about target... (except to enter)

[Al_Dente]

Update on the -4% = 200 posted on the overnight board
Today brings us down (peak to today) ROUGHLY -2.8%
The angle of the downtrend line is a bit steep, so we should bounce before we see 200

[BullBear52x]

Where do you want to go with this?

Ha Ha...you think I know that...
I just follow the trend...never ever worry about target... (except to enter)

what is a stop?

[FlowerGirl]

Where do you want to go with this?

Ha Ha...you think I know that...
I just follow the trend...never ever worry about target... (except to enter)

what is a stop?

SPX 1995

[uempel]

The important BPs way down:

http://stockcharts.com/freecharts/candl ... BPFINA|B|0

[fehro]

VIX a little jumpy today…

[FlowerGirl]

BlockTradeAlert ‏
Dec 4
$TVIX 2,000,000 shares @ $2.13 [14:34:38]

Good for 2 MILLION DOLLAR CG...lots of christmas presents...

[uempel]

The pre-noon time signal stopped the decline - but so far it has not turned the market ...

[finman66]

“Just a flesh wound” [The Black Knight in “Monty Python and the Holy Grail” after he had both arms sliced off]

Oil futures $58.18 lowest since 2009

One of the truly greatest comedic movies of all time.

[fehro]

RUT still sitting there on the edge of a cliff.. TLT pressing the spike highs

[Al_Dente]

“Just a flesh wound” [The Black Knight in “Monty Python and the Holy Grail” after he had both arms sliced off]
Oil futures $58.18 lowest since 2009

One of the truly greatest comedic movies of all time.

off topic
60m
Pretty clean spy channel, and good place to ba ba ba bounce

[tsf]

Thank you, Mr BachNut.
There are also quite a few "UP" block trades for SPY and IWM today, in case you still pay attention to these alerts.

Well, the benchmark for this NYMO down cycle (SPX 2018.19) was finally reached this morning.
Market is free to go lower as benchmark is just a suggestion that price may at least go that far.
There is still an unclosed gap at 1999.40 that looks interesting, particularly because it coincides with the 50 day MA.

Things are interesting here IMO. A few observations:

The NYMO down cycle has run a long time in days. Time-wise it is fair to look for a turn.
NYMO has also ticked into the turn zone (thin green line) intra-day. So, it is fair to start looking for a turn.
The NYMO oversold zone (barely visible lower green line) is still a ways away. So, this thing could go lower.
Even if NYMO turns in the days ahead, it is not uncommon for price to make lower lows (generally after a bounce) with a divergence. Doesn't have to though.

The GBP Yen cross I have been following is putting in an inside day. If this doesn't breakdown, I'll consider it a bullish divergence. Perhaps a Friday afternoon rally if it climbs? We'll see.
A weekly VIX close above 19 is bearish IMO. Generally suggests more trouble ahead. However, we got one in October, which set up the price low instead.
The R2K is flirting with a head & shoulders neckline, which suggests some real downside. I'll be watching the close.
Seasonality is bullish. OPEX is next week, and folks taking profits on expiring December futures should be wrapping up soon.

So, there is a mix of bearish and bullish stuff. I am clueless as usual as to what will happen.
However, edge and asymmetry for new (multi-day bigger move) equity trades are not there for me at this moment.
Maybe next week. I anticipate taking some short index chips off the table shortly and leaving runners with profit stops just in case.

NYMO 121214.jpg

GBP YEN 121214.jpg

[Cobra]

members only update at 12:10 pm
http://www.cobrasmarketview.com/2014/12 ... ay-update/

[Al_Dente]

The pre-noon time signal stopped the decline - but so far it has not turned the market ...

Uempel: happy holidays, have a great time, be safe, thanks for “everything,” luv u
https://www.youtube.com/watch?v=DeNhjPaP53I