12/06/2013 Live Update

[Royal Flush]

Staying long and strong from the last Sentiment Signal
Undervalued opening calls/puts on ALL 333%, EQ 360% and ETF/Index 317%
as high as they were on 9 March 2009 666 SPX low

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

Excellent call Heck, I covered my shorts at the Dec 4th low but did not get long. I probably would have had I noticed the divergence on the XIV to the SPX yesterday.

[BigChief]

Here is a daily chart bear case on the SPY if this small h&s pans out and falls, then rebounds to new highs creating a larger h&s bouncing again from the 2009 up channel, finally falling and breaking back into the 2009 up channel to begin the year off with a drop, possibly larger down to the up channel bottom near 150 on the SPY from a top near 190

[Heck]

Staying long and strong from the last Sentiment Signal
Undervalued opening calls/puts on ALL 333%, EQ 360% and ETF/Index 317%
as high as they were on 9 March 2009 666 SPX low

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

Excellent call Heck, I covered my shorts at the Dec 4th low but did not get long. I probably would have had I noticed the divergence on the XIV to the SPX yesterday.

xymofsc.png

Thanks RF

Session highs

[Cobra]

C&H target. Not sure but this bull shall have legs at least.

[fehro]

XIV 60m.. H&S failed, blue... neckline... coming up to cyan mid channel.. possible red flag.. within a larger ascending pink triangle.. for the christmas rally... should santa show up.

[uempel]

The attachment rr.png is no longer available

Master Uempel: can you show us how to move than fan forward a few days??

as in, where will the lines be on next Tuesday, relative to where we are now??

I'm just playing around. I might have to draw fans like that for a few more days or even weeks I wonder what has to happen to break the bulls' stampede. So far momentum is too strong for bearish games.

[Al_Dente]

I thought the bear stops would be just above the morning opening high, and that the bears would get squeezed out right about here……….. come on already

[flumanchu]

First time post:

This market is all about POMO, and that's it. No one can deny that POMO has moved the markets - up! The Fed has said that was the purpose of POMO. This week has appr. $17 billion to be deployed. So, why did the markets even go down until today. One of the things I've noticed, is some days when there's a POMO scheduled, the market might actually go down. Then, the next day, it's up - pretty consistently, almost like the money was being held until the right time.

What if, the Fed buys the Treasuries and tells the Primary dealers, don't deploy 'today', wait until tomorrow. This way, the market looks like it actually does go down every now and then, instead of straight up day after day. However, this week, it's been down all week. Except, today... but, today was a big day, with a big number. And, we all know, the Fed knows that number ahead of time. Why couldn't the Fed say, hold all the POMO for the week until Friday, then deploy. Monday is another big POMO (2 in fact).

More than likely, if the market is down this Monday, it will be up Big on Tuesday.

Just a guess, based on what I've seen.

[Mr. T]

"We're never going down again!!!"

[fehro]

VIX 15m

[uempel]

Update:

[Al_Dente]

First time post:
This market is all about POMO, and that's it. No one can deny that POMO has moved the markets - up! The Fed has said that was the purpose of POMO. This week has appr. $17 billion to be deployed. So, why did the markets even go down until today. One of the things I've noticed, is some days when there's a POMO scheduled, the market might actually go down. Then, the next day, it's up - pretty consistently, almost like the money was being held until the right time.
What if, the Fed buys the Treasuries and tells the Primary dealers, don't deploy 'today', wait until tomorrow. This way, the market looks like it actually does go down every now and then, instead of straight up day after day. However, this week, it's been down all week. Except, today... but, today was a big day, with a big number. And, we all know, the Fed knows that number ahead of time. Why couldn't the Fed say, hold all the POMO for the week until Friday, then deploy. Monday is another big POMO (2 in fact).
More than likely, if the market is down this Monday, it will be up Big on Tuesday.
Just a guess, based on what I've seen.

Hey hi thanks welcome
http://www.youtube.com/watch?v=hBlB8RAJEEc

[joegamma]

I thought the bear stops would be just above the morning opening high, and that the bears would get squeezed out right about here……….. come on already

careful, i think a bear market has begun, another top / complacency sign is:
me the neverending bear, owned calls overnight and is now comfortable being long overnight....

[uempel]

First time post:
This market is all about POMO, and that's it. No one can deny that POMO has moved the markets - up! The Fed has said that was the purpose of POMO. This week has appr. $17 billion to be deployed. So, why did the markets even go down until today. One of the things I've noticed, is some days when there's a POMO scheduled, the market might actually go down. Then, the next day, it's up - pretty consistently, almost like the money was being held until the right time.
What if, the Fed buys the Treasuries and tells the Primary dealers, don't deploy 'today', wait until tomorrow. This way, the market looks like it actually does go down every now and then, instead of straight up day after day. However, this week, it's been down all week. Except, today... but, today was a big day, with a big number. And, we all know, the Fed knows that number ahead of time. Why couldn't the Fed say, hold all the POMO for the week until Friday, then deploy. Monday is another big POMO (2 in fact).
More than likely, if the market is down this Monday, it will be up Big on Tuesday.
Just a guess, based on what I've seen.

Hey hi thanks welcome
http://www.youtube.com/watch?v=hBlB8RAJEEc

Flumanchu, it's not that simple. If the 10 year treasury is at 3% pomo money might think twice before going into equities. For all I know CS has a "sell" on US equity markets, and they know why.

[uempel]

Flumanchu, check the charts showing Treasury/SPX ratios - they are topping resp turning. Not today, not next week, but they are turning.

[flrtrader]

Any Thoughts on TLT

[joegamma]

Any Thoughts on TLT

seems to be limited on upside at my breakeven long point..... , will have an old chart in a minute

[Denali92]

http://www.cobrasmarketview.com/2013/12 ... ay-update/

Just posted some info that should help you position yourself over the next ten plus days..... Employment pullbacks and FOMC and Opex in the same week.... I will re-post with the weekend's market outlook.

Definitely an impressive market.

-D

[fehro]

possible resistance here. SPX 15m

[Heck]

Any Thoughts on TLT

TLT IT target -22% to 80