11/20/2013 Live Update

[Cobra]

forget my guess. this bull shall have legs.

[fehro]

ECB said to weigh MINUS 0.1% deposit rate .. if more easing needed.

[uempel]

Update 1 min:

[Denali92]

What is the likelihood of just a very small post opex pullback? – ie. is 17 pts all we can expect?

It would be rare - though not unprecedented - just posted it in the intraday comments.

-D

members only update at 10:05 am
http://www.cobrasmarketview.com/2013/11 ... ay-update/

[Mr. BachNut]

Neutral. Closed a small long yesterday.

My summation signal is neutral.
My composite trend signal is up.

I honored a summation up signal with a small long and got out at the first sign of trouble with no tears.
It looked trappy.
The interesting thing is the R2K summation signal whipsawed.
Moreover, the up signal flopped before the R2K could make a higher high above the October high.
Perhaps it just needs to build up some more steam, so I think we may see some sort of triangle consolidation unfold before the next trend.
However, top watching is in order here as a possible lower high lower low scenario is on the radar.

[fehro]

SPX 15m.. possible triangle for the FED meeting.. if we chop around till the 2:00pm EST release.. the breakout/breakdown lines up near that time frame,,,

[Mr. BachNut]

What is the likelihood of just a very small post opex pullback? – ie. is 17 pts all we can expect?

It would be rare - though not unprecedented - just posted it in the intraday comments.

-D

I haven't crunched the numbers but it seems corrective moves in general have been getting shallower and shallower since 2011. Though October was a little deeper than August.
The air seems thin up here but buy the dip is very deeply ingrained.

[Cobra]

ok, don't know what's going on, I'm neutral.

[Al_Dente]

What are the odds that the minutes today will contain a taper scare?
Nil
As of yesterday, Ben repeated the FED’s threshold: 2% inflation and 6.5% unemployment

[fehro]

VIX 15m.. possible couple channels, thin green, wider red, ... could see a triangle.. bearish falling blue wedge.. nothing really clean... need to check the dailies..

[Denali92]

No - dips have not really gotten that much shallower - but we do have a tendencies to have a multi month stretch post getting daily OS where we run and run.... last Opex top of significance was September and that produced a nice 84 pt pullback and May's post opex top produced a 127pt top and pullback.... we got daily OS in August and June and prior to that was November.... I will leave it to Cobra to figure out when we next get daily OS. It tends to happen - twice a year at least!

-D

What is the likelihood of just a very small post opex pullback? – ie. is 17 pts all we can expect?

It would be rare - though not unprecedented - just posted it in the intraday comments.

-D

I haven't crunched the numbers but it seems corrective moves in general have been getting shallower and shallower since 2011. Though October was a little deeper than August.
The air seems thin up here but buy the dip is very deeply ingrained.

[fehro]

VIX daily.. stopped short of a confluence of resistance only 0.50 above the HOD atm...... the upper BB band 13.98, plus the 50d 14.43, 200d SMA 14.36

[quientuves]

I have a theory, a suposition, a guess... about FED.

Fed hawks know that Lady MoneyFalls is coming and they are going to try to make now the tapering cause later, whith her in charge, it's going to be more difficult.

[Cobra]

members only update at 11:10 am
http://www.cobrasmarketview.com/2013/11 ... ay-update/

[Cobra]

my guess. not sure. I think my morning guess might still make sense just it's interrupted by some news now the guess resumes...

[uempel]

Update on the long term:

[Cobra]

we might be here. tinted area possible target?

[Al_Dente]

2 days, 30 min, 20/50ma

[TWT]

$SPX: If yesterday´s lod holds price could be forming a Triangle

[Al_Dente]

What is going on with the currency pairs?
Bearish