02/27/2013 Live Update

[jademann]

Hi BB, are you still shorting XIV and if so, how do you expect this to play out? TIA!

yes, now TSI confirmed sell. need to see new low, if so 15 is the ultimate target. as posted earlier dip will be bought I will have to be careful there on my short on XIV.

Tired of the bulls stealing my bearish UVXY calls so I am on the fence. I cant go long with the markets in the upper stratosphere..

[Tabby]

RUT 60m. resistance? or bull flag?

Strange thing about R2K. When we hit 912 ( daily chart) early Feb, my indicators went bearish while RUT was pushing to 932. This shows how effortlessly this index can be manipulated.

Off topic, looking at MOS,CAT,POT which all came back from dead from hourly chart. CAT closed huge gap from 12/28/2012.

[skittlesmds]

Market seems to be waiting for Power Hour to rocket launch into infinity and beyond.

[skittlesmds]

RUT 60m. resistance? or bull flag?

Strange thing about R2K. When we hit 912 ( daily chart) early Feb, my indicators went bearish while RUT was pushing to 932. This shows how effortlessly this index can be manipulated.

Off topic, looking at MOS,CAT,POT which all came back from dead from hourly chart. CAT closed huge gap from 12/28/2012.

Doesn't Bernanke like to talk about the R2K and play in that pool?

[joegamma]

RUT 60m. resistance? or bull flag?

FEHRO: you have some outstanding CLEAR charts, thanks, here is a possible H&S the wiser trader Harapa pointed out to me.....as for bull flag, could scare some shorts then couldn't it?

2hr bars confirm volume needs for H&S??
GLTA, a bit short s/t here

[Cobra]

ascending triangle, bullish.

[Cobra]

breakout as expected, tinted area the target. we can basically forget about bump and run top now.

[Tabby]

RUT 60m. resistance? or bull flag?

Strange thing about R2K. When we hit 912 ( daily chart) early Feb, my indicators went bearish while RUT was pushing to 932. This shows how effortlessly this index can be manipulated.

Off topic, looking at MOS,CAT,POT which all came back from dead from hourly chart. CAT closed huge gap from 12/28/2012.

Doesn't Bernanke like to talk about the R2K and play in that pool?

I think this is up to market makers, they got squeeze you if you are a bull or bear, avoid getting trapped. At this point of the market that is up from Nov 2012, greed it is not good.
I honestly feel sorry for Bernanke.

[BullBear52x]

Where is the P-bar master?

[ClarkW]

Any info on nat gas today? Big intraday turnaround. Was hating my KOLD at the open, now happy....would like to stay happy

[Out of Bounds]

Still holding short but not so confidant about it.

[tkvprasad]

dip will be bought on XIV, I thought I will get it to 15 from here, well, rip it is.

Thank you

Agree...dip will be bot...the next high after dip should be telling...

SPY sitting at resistance...tried to break out of this resistance the other day...but couldn't stay above...

BB :
Testing 152 area now where we had seller come in on MON, key time; If they break decisively above this area, we gap up tomorrow above 152.86 ; Strong up volume on SSO ETF , almost equal to last FRI and we could see more coming once 152 taken out ... thoughts !!!!

[skittlesmds]

Where is the P-bar master?

I think I would be dancing in the streets if we could hit those lower p-bars.

[Unique]

ES res?

[BullBear52x]

dip will be bought on XIV, I thought I will get it to 15 from here, well, rip it is.

Thank you

Agree...dip will be bot...the next high after dip should be telling...

SPY sitting at resistance...tried to break out of this resistance the other day...but couldn't stay above...

BB :
Testing 152 area now where we had seller come in on MON, key time; If they break decisively above this area, we gap up tomorrow above 152.86 ; Strong up volume on SSO ETF , almost equal to last FRI and we could see more coming once 152 taken out ... thoughts !!!!

I see more resistance ahead, short term so far bulls took out 2 resistance

longer term, patience bears will let it ripe

[BullBear52x]

Here is negative D.

[Cobra]

target met, could be more.

[Cobra]

members only update at 2:36 pm
http://www.cobrasmarketview.com/2013/02 ... ay-update/

[Cobra]

still could be Bump and Run Top, but I wouldn't count on it. anything against the trend, not easy to be right.

[fehro]

next levels 60m SPX