09/09/2014 Live Update

[fehro]

SPY pbar 200.63 @10.46am

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/09 ... ay-update/

Good morning, All.

Cobra, I was looking at AAPL, etc. on the Members page, and I see the link to "Double Bottom" is "Page Not Found." Not a big deal. I think StockCharts has moved stuff around with their re-organization.

Thanks. I'll check and update.

[Cobra]

so it's 3 push down, 2 legged rebound. we're on the 1st leg rebound.

[Cobra]

cobra loos like a bear flag forming

Yes, could be bear flag.

[Cobra]

confirmed, it should be a 2 legged rebound at least. we're still on the 1st leg.

[MrMiyagi]

VIX near the day's low.

[Al_Dente]

If bears can break H&S neckline 199.40ish, then the blue down target is activated
The risk is that the AAPL event will unleash a torrent of dip-buyers

[MrMiyagi]

qqq5

spy10

[fehro]

INDEX dailies .. 20d SMA creeping up SPX/INDU .. should weakness increase.... look for a tag

[Daniel]

Intraday correlation very high today btw TLT and EEM and EWZ.

Normally is high, as Emerging Markets like liquidity and low rates.

But today TLT hit its HOD about 5 min before the two emerging market etfs. It has looked like a pulling guard for a running back (to use a football analogy) all morning long, leading other sectors up or down.

Makes sense, TLT is at a clear inflection point (to use a term often used by Mr. BachNut); many eyes are on it.

[Al_Dente]

This bounce caused deterioration in the internals, now:
NY declining volume = 2.0x advancing volume
NY declining stocks = 2.2x advancing stocks
Bears could retake this if they had the balls……

[fehro]

SPX daily, fwiw.

[Daniel]

Decisive rejection by XOP of intraday double top. Impulsive move back down to LOD here.. and USO now also pushing at its LOD.

[MrMiyagi]

VIX popped from 12.72 to 13.05.

[Al_Dente]

AAPL 5min

[gappy]

tlt.PNG

bb.PNG

Who's zoomin who?

yardeni.PNG

[Al_Dente]

AAPL squeeze in progress
5min

[JFR]

tlt.PNG

bb.PNG

Who's zoomin who?

yardeni.PNG

Thanks, gappy. That was interesting. I always struggle to keep those relationships straight. Bond prices, interest rates, yield, economy, Fed policy. Much of it seems counter intuitive to me. And I studied Economics in college. LOL

[fehro]

SPX 15m.. messy H&S for da bears.. target aims for two gap fills and the 50d SMA@ 1971ish

[JFR]

AAPL squeeze in progress
5min

New products from AAPL. Hmmmm ... I have to wonder if that company will maintain its hold on the public, in the absence of Steve Jobs. So far, so good.