05/09/2014 Live Update

[Out of Bounds]

An astounding number of tweets about people going long SPY here. I don't see it but there they go.

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2014/05 ... ay-update/

[fehro]

SPX 15m

[1der]

An astounding number of tweets about people going long SPY here. I don't see it but there they go.

186.71 PBar close by.

[L_T]

FWIW as of this minute IWM is slightly outperforming SPY.

[Out of Bounds]

An astounding number of tweets about people going long SPY here. I don't see it but there they go.

186.71 PBar close by.

186.74 20 day SMA

[gappy]

5 minute SPY.

Capture.PNG

Way below the cloud.

[Out of Bounds]

NYSE A/D 960/1773
S&P A/D line -302

[BullBear52x]

5 minute SPY.

The attachment Capture.PNG is no longer available

Way below the cloud.

[gappy]

5 minute SPY.

Capture.PNG

Way below the cloud.

[Cobra]

possible small double bottom. key time.

[Cobra]

target. bears might be over.

[KENA]

Planning the Mkt will attempt to go to 188.71 and maybe higher..Could work out for swing trade( DT For these trades have been very few ) Lets see

[Mr. BachNut]

Neutral.

My summation signal is down for the R2K and neutral for the SPX. A good break of yesterday's lows would turn it down for the SPX.
My composite trend signal is up with two of three critical indicators down.

My breadth related models (NYMO and Summation) suggest all is not well.
My other models are fine and up with a few warts.
We're still in the heinous trading range, and things can go either way. Perhaps both.
I think next week may be OPEX. Maybe the bulls can squeeze shorts and smush putties to new highs.
However, the recent tape shows little enthusiasm for buying at higher prices.
I am still in rental mode only doing day trades. That may change if I get a down summation signal on the SPX or if another of my critical trend indicators turn up.
I noticed ADX (average directional movement index) is getting quite low. Levels this low often precede a good trend. So, I'll be attuned to the way things are moving when ADX next turns upward.

[merryme]

AROON still parallel. (Not aroon oscillator.)

http://stockcharts.com/h-sc/ui?s=SPY&p= ... =350417338

[Al_Dente]

What I look for if RSI Pos.D is failing.

thanks boss
Will u chase it up? Or do you never long a "sell the rip" day ?

[BullBear52x]

chase down or come to papa sell.

what different does it make?

[gappy]

Neutral.

My summation signal is down for the R2K and neutral for the SPX. A good break of yesterday's lows would turn it down for the SPX.
My composite trend signal is up with two of three critical indicators down.

My breadth related models (NYMO and Summation) suggest all is not well.
My other models are fine and up with a few warts.
We're still in the heinous trading range, and things can go either way. Perhaps both.
I think next week may be OPEX. Maybe the bulls can squeeze shorts and smush putties to new highs.
However, the recent tape shows little enthusiasm for buying at higher prices.
I am still in rental mode only doing day trades. That may change if I get a down summation signal on the SPX or if another of my critical trend indicators turn up.
I noticed ADX (average directional movement index) is getting quite low. Levels this low often precede a good trend. So, I'll be attuned to the way things are moving when ADX next turns upward.

Yes, way down there!

Capture.PNG

[BullBear52x]

What I look for if RSI Pos.D is failing.

thanks boss
Will u chase it up? Or do you never long a "sell the rip" day ?

depends for trend following most the time no buy on the sell mode.

[BullBear52x]

Dr. Al
The sell intraday on /ES is still good, no fail yet, another reason not to buy.