10/07/2015 Live Update

[BullBear52x]

Bears need to see LL or bulls still not that weak, daily reversal candle might change hand later in the day. lets do it bears.

Think we have good chances today. Two false breakouts in a row...

I just trade the chart, I know permabulls hates my comments on the sell side.

[fehro]

Just checked, James Bullard speaks at 9:30 eastern tomorrow. How many times a year is he allowed to move markets? Cause it seems like after he moves the market he can bla bla half a dozen times with no effect, then wham a 50 point speech .

Busy day tomorrow.. fwiw.

[hunterman]

Thanks Fehro, got em for all! You all are very good at this and I normally enter fine (not last one lol was "scary") but this board has helped w my exits....

I am now looking at resistance at the obvious 2000 level w support at the 1970, 50,and my ultimate 1930 range. The vix got close enough to my 18 range....also watchin tlt for all in entry but waiting for 2-3 buck pullback.

On oil, I think better entry third or last week of october based on my cycle...

[uempel]

Nikman, you write "if these guys are correct..." and I of course we don't know.

What we do know is that unless SPX support 1925 and 1890 fail the picture remains bullish. At the very moment SPX is trying to stay above the gray grid line

If these guys are correct, then this means that no more sub-1960 print on SPX for the next several months???

Some (smart?) guys are referring to 1998.

But I don't see much similarities between 1998 and 2015. Even though the correction was much stronger in 1998 (22.4% versus 12.4% in 2015) important MAs like 377 were only broken for a couple of days. Whereas SPX has now been trading below this threshold for 30 days.

On the other hand there is this W low, which is a bullish signal. Its span was 27 trading days in 1998 and in 2015 it's the same, exactly 27 trading days. Coincidence? Or did the guys doing the algos just copy the 1998 bottom?

The attachment lki.png is no longer available

[BullBear52x]

On USO, let the hero build the base

And we the scalpers can tag along just like AA

[MrMiyagi]

spy

qqq

[MrMiyagi]

Bears dead for today.

[BullBear52x]

market boom without AAPL? looks like AAPL will resume its down trend any time from here.

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2015/10 ... ay-update/

[Al_Dente]

Advancing stocks are 2.5 x declining stocks
Advancing volume is 2.5 x declining volume
bulls fight back

[Cobra]

vol surge, hopefully a pullback here first then we'll see.

[BullBear52x]

if bears can not move to new LOD from here, intraday will be a rough day for da bears.

[BullBear52x]

Kiss pattern

[uempel]

Update

[fehro]

FB under pressure.. sharp move under 20d/50d.. volume light tho.. possible wedge 60m..

[MrMiyagi]

vol surge, hopefully a pullback here first then we'll see.

Why do you need the pullback first, and if none comes, then what happens?

[BullBear52x]

vol surge, hopefully a pullback here first then we'll see.

Why do you need the pullback first, and if none comes, then what happens?

Then chase it up like there's no tomorrow

[BullBear52x]

Anyone know anything on FRO fundamentally, cheap stock but looking good on my chart, came up this week on my radar.

[Cobra]

now it's 2nd test of day low, if bears cannot make a decisive new low then game is over, so key time.

[BullBear52x]

now it's 2nd test of day low, if bears cannot make a decisive new low then game is over, so key time.

look at the falling bars they will