02/23/2015 Live Update

champix · Post by **champix** » Mon Feb 23, 2015 1:06 pm

Nothing new, ES still on fire mode, on its way to target (pink).
Dax is arriving to the end of its bullish MM (measured move). I will try a short late tonight/tomorrow morning on it.
Nice trading everybody.

Out of Bounds · Post by **Out of Bounds** » Mon Feb 23, 2015 1:09 pm

FlowerGirl wrote: SPY morning gap filled ...as expected...
You know where to find these predictions...and for nothing...save your money

You really are just full of yourself. You come to a board that is paid for by Cobra that he offers for free to encourage people to pay for his business and tell people to just use your advice for free and save their money.

You are affecting his business and have no regard for the consequences... Narcissist.

BullBear52x · Post by **BullBear52x** » Mon Feb 23, 2015 1:16 pm

Bulls are alot weaker than I anticipated today. well, a trade <2106 SPX we may see a high for today.

fehro · Post by **fehro** » Mon Feb 23, 2015 1:16 pm

could get interesting here…

Mr. BachNut · Post by **Mr. BachNut** » Mon Feb 23, 2015 1:25 pm

The currency tell is at resistance in a consolidation.
There may be an ascending triangle forming in it.
A clear break up would suggest more highs for equities.
If it swings back down and breaks the bottom, it would suggest something else.

My NYMO chart continues to suggest the possibility of a nice downside move.
However, trend strength in the SPX has reached a level where the market would probably need to bleed momentum in some topping pattern before it can engage.
So, I thought last week I might get to stalk a short this week, but it looks like the bulls will have to tire out first.

fehro · Post by **fehro** » Mon Feb 23, 2015 1:26 pm

internals trying.. but TRIN higher highs…

fehro · Post by **fehro** » Mon Feb 23, 2015 1:29 pm

Mr. BachNut wrote:The currency tell is at resistance in a consolidation.
There may be an ascending triangle forming in it.
A clear break up would suggest more highs for equities.
If it swings back down and breaks the bottom, it would suggest something else.

GLD near key support.. depends on the dollars next move? watch for a possible inverted hammer?.. GOLD a hammer

Post by **Cobra** » Mon Feb 23, 2015 1:30 pm

members only update at 12:30 pm
http://www.cobrasmarketview.com/2015/02 ... ay-update/

Post by **Cobra** » Mon Feb 23, 2015 1:35 pm

support, but my guess is this pullback may have small legs.

MrMiyagi · Post by **MrMiyagi** » Mon Feb 23, 2015 1:43 pm

: heil!

fehro · Post by **fehro** » Mon Feb 23, 2015 1:46 pm

SPX .. possible triangle.. or bull flag should it hold.. weakening tho..

MrMiyagi · Post by **MrMiyagi** » Mon Feb 23, 2015 1:56 pm

TRIN quite Bearish at 1.92

Xian · Post by **Xian** » Mon Feb 23, 2015 1:58 pm

Out of Bounds wrote:
FlowerGirl wrote: SPY morning gap filled ...as expected...
You know where to find these predictions...and for nothing...save your money
You really are just full of yourself. You come to a board that is paid for by Cobra that he offers for free to encourage people to pay for his business and tell people to just use your advice for free and save their money.

You are affecting his business and have no regard for the consequences... Narcissist.

Let's review, shall we?

Cobra, a seasoned pro with a proven track record posted on his free board (though some may be stupid enough to think it's a pay board) "Double Bottom? wow, gap bought again? Wow." this morning, page 1.

24 yr old poser wannabe posted on twitter this morning "Chance SPY will fill morning gap? Fair."

Yeah, big difference. In your face Cobra! End zone dance. Chest beating.

"Save your money"? More like save your breath.

Out of Bounds · Post by **Out of Bounds** » Mon Feb 23, 2015 2:03 pm

MrMiyagi wrote:TRIN quite Bearish at 1.92

Was about to say the same thing. 2.0 right now

JTrader · Post by **JTrader** » Mon Feb 23, 2015 2:06 pm

Out of Bounds wrote:
FlowerGirl wrote: SPY morning gap filled ...as expected...
You know where to find these predictions...and for nothing...save your money
You really are just full of yourself. You come to a board that is paid for by Cobra that he offers for free to encourage people to pay for his business and tell people to just use your advice for free and save their money.

You are affecting his business and have no regard for the consequences... Narcissist.

The funny thing is the gap hasn't filled. So....

fehro · Post by **fehro** » Mon Feb 23, 2015 2:17 pm

triangle holds.. bigger move around 1:15-30pm ET? after the lunch hour..

Xian · Post by **Xian** » Mon Feb 23, 2015 2:18 pm

Another "no icar" piece:
http://www.mondaynote.com/2015/02/22/ap ... -thoughts/

(There's enough "They're building a car!" articles out there)

Ultimately for me:

Pro: CarPlay is like when they built that iTunes for Motorola phone a couple years before iPhone came out. Make a car contract out manufacturing. Same as iPhone.

Con: Why build one car and change brake pads, etc, when you can build the software for all cars and never change a break pad?

(From that Onion piece a few days back: when the iCar stalls, the rims become spinning rainbows. Also liked the one about "windshield cracks easily, but car will still function normally.")

Mr Cash · Post by **Mr Cash** » Mon Feb 23, 2015 2:27 pm

Nice Triangle /wedge on 3min SVXY chart - measures to approx. $62.59.
Gonna try scalp here…..
Full Disclosure, crystal ball is somewhat defective ……. LoL

BullBear52x · Post by **BullBear52x** » Mon Feb 23, 2015 2:30 pm

Challenging Papa bull.

Out of Bounds · Post by **Out of Bounds** » Mon Feb 23, 2015 2:32 pm

13:31 News Bot: Financial Times writes that OPEC may hold an extraordinary summit due to the slide in crude oil prices

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