01/06/2014 Live Update

[Al_Dente]

Happy 100th Birthday to Merrill Lynch
“During the financial crisis, the firm racked up over $20 billion in CDO, sub-prime, and related losses. Some estimates had Merrill losing more than $52 million a day over a one-year period… I have met huge numbers of hard-working, ethical, honest people who toil in this industry. The last crisis led to them being unfairly lumped in with the criminals and the fraudsters and scam artists and the thieves. Yes, honest people do work in finance today -- they just are not making headlines...”
http://www.bloomberg.com/news/2014-01-0 ... -you-.html

[q2model]

members only update at 10:06 am
http://www.cobrasmarketview.com/2014/01 ... ay-update/

Not sure if you have control of ads, one of ads (playfree?) might not be too good to show at work computers.

Thanks,

[Cobra]

members only update at 10:06 am
http://www.cobrasmarketview.com/2014/01 ... ay-update/

Not sure if you have control of ads, one of ads (playfree?) might not be too good to show at work computers.

Thanks,

All ads are controlled by you. It's google adsense, so it serves ads according to what you daily search and browse. Everyone has different ads showing on his/her own computer.

[Cobra]

possible double bottom. this is where those aggressive dip buyers coming in. let's see if they're still there.

[Cobra]

oops, they're still on vacation. here's 100% mm.

[fehro]

SPX 5m

[Heck]

Selling short and holding QQQ puts

Asia led the way overnight
EQ Option premiums overvalued = Sell Call
ETF/Index Options Undervalued = Buy Puts
Market hitting a cold snap

http://www.ise.com/market-data/isee-index/

[Al_Dente]

last 15-days, % performance, juiced shorts

[fehro]

members only update at 10:06 am
http://www.cobrasmarketview.com/2014/01 ... ay-update/

Not sure if you have control of ads, one of ads (playfree?) might not be too good to show at work computers.

Thanks,

All ads are controlled by you. It's google adsense, so it serves ads according to what you daily search and browse. Everyone has different ads showing on his/her own computer.

I like this for dealing with ads...... https://getadblock.com/

[Cobra]

target met. this bear may have legs.

[fehro]

SPX 5m ......mind the open gap... just a tad lower

[Cobra]

volume surge, biggest red bar, so might see rebound here first which likely would be sold though.

[viktrader]

Thanks for the great forum Cobra and wish you and the board members a very happy and prosperous new years 2014...I have one question to the team..Which Windows software (I run Win 7) do you use/recommend to draw shapes/patterns/measured moves on charts? I find the tools available on stockcharts limited and cumbersome for the purpose.

Thanks in advance
Vik

[q2model]

members only update at 10:06 am
http://www.cobrasmarketview.com/2014/01 ... ay-update/

Not sure if you have control of ads, one of ads (playfree?) might not be too good to show at work computers.

Thanks,

All ads are controlled by you. It's google adsense, so it serves ads according to what you daily search and browse. Everyone has different ads showing on his/her own computer.

I like this for dealing with ads...... https://getadblock.com/

Thanks, it works great!

[fehro]

SPX 15m

[Cobra]

members only update at 11:29 am, talking about a trading setup.
http://www.cobrasmarketview.com/2014/01 ... ay-update/

[MrMiyagi]

2 pBars taken out

spy10

[Cobra]

mini rebound target, bears only worried if bulls can pass that.

[TraderGirl]

Last week I mentioned that "SPX and Dow both appear to have 5 waves down...so bounces looks shortable at least until price gets below "a"...IMHO..."
viewtopic.php?f=2&t=1168&start=40#p151208

Now, either abc down, or i, ii, iii....

[fehro]

SPX 15m.. with possible bullish falling wedge below for the bulls.. possible positive MacD divergence with this lower low.... fwiw... if not look for 1810ish...