04/17/2013 Live Update

[gappy]

Silver Supercycle idea. GLTA.

Silver-XY-Contract-weekly-4-16-13.jpg

Nice Gappy! Thanks for sharing, good stuff!

U welcome sir. Find it here, http://elliottwavepredictions.com/ GLTY.

[Out of Bounds]

Well, I'm done for the day. Good trades today.
Have fun everyone.

Come back if Bears manage to trigger under 155.12, could be an easy free fall momentum trade (sell stop)

Still lurking. Sometimes it's good just to keep an eye on the screen every once in a while you can walk by and see a great 5 minute trade.

[KENA]

The Dorsey Wright P & F chart for BPNYSE only has 0.36 % to go to change to bearish trend..When this happens this will last for a few weeks.Better news for bears is coming.

[ClarkW]

$SOX not having a good day. Peaked @ 61.8% in the last 30 minutes yesterday. Big move today...

[Al_Dente]

members only update at 10:33 am
http://www.cobrasmarketview.com/2013/04 ... ay-update/

thanks cobra
can u draw a measured move on spy yet?

[Denali92]

Just a reminder that the price action is playing out somewhat as expected - while we are not exactly following the July 2011 analog - it is close, as we did get this type of volatile price action during that week.

We may get an hourly buy signal in the next few hours and it should signal a bounce - but ALL of the other 5 Wednesday opex buy signals in the last 4 years simply suggested a bounce before lower prices were made on opex day or early the following week.

All in all - expect the volatility to continue and a lower low between now and early next week - that is what opex week history tells us.

-D

[Unique]

Well, I'm done for the day. Good trades today.
Have fun everyone.

Come back if Bears manage to trigger under 155.12, could be an easy free fall momentum trade (sell stop)

Still lurking. Sometimes it's good just to keep an eye on the screen every once in a while you can walk by and see a great 5 minute trade.

This could be fun, look at these potential immediate free fall targets

[Tabby]

Well, I'm done for the day. Good trades today.
Have fun everyone.

Come back if Bears manage to trigger under 155.12, could be an easy free fall momentum trade (sell stop)

Ditto. Look at R2K.Waiting and hoping for 894.

[flrtrader]

Just filled gap es long counter trend move

[Cobra]

members only update at 10:49 am
http://www.cobrasmarketview.com/2013/04 ... ay-update/

[gappy]

The Dorsey Wright P & F chart for BPNYSE only has 0.36 % to go to change to bearish trend..When this happens this will last for a few weeks.Better news for bears is coming.

Raymond James guy Jeffery Saut: "The call for this week: The “buying stampede” is at a legendary 70 sessions and quite frankly I have never seen anything like this in 42 years in this business and more than 50 years of watching the markets. As they say, “Markets can do anything,” and this one certainly is! Indeed, it has now been more than 100 sessions without so much as a pullback of 5% or more, the third longest stint since 2002. This morning, however, China’s growth risks are in focus as Q1 economic data falls short, leaving the preopening SPX futures down about 8 points. So maybe we will finally see a pullback, but it should not be all that much." http://www.raymondjames.com/inv_strat.htm

[KeiZai]

ouch XIV not having a good day...18.50 next?

but what then...oy...could get ugly (looks like bull trap on PnF)
http://stockcharts.com/freecharts/gallery.html?s=xiv

[Unique]

Finally, bears have won once in these few weeks for a continutation

[BullBear52x]

ouch XIV not having a good day...18.50 next?

but what then...oy...could get ugly (looks like bull trap on PnF)
http://stockcharts.com/freecharts/gallery.html?s=xiv

IWM is cleared boss. XIV is heading to seaworld

[gappy]

The gold silver ratio (GSR, bottom panel) would indicate market liquidity contraction and associated deflationary forces. That is because though gold obviously gets hurt badly with a coming deflationary phase silver, the cross-dresser precious metal/commodity gets hurt worse. So is the breakout of a trend that has been in force since 2008 a warning to deflation? http://biiwii.com/wordpress/2013/04/17/ ... sign-post/

[Al_Dente]

NYDEC decliners 2300
Down to up volume ratio = 11 to 1
TRIN 2.4
Grizzly trend day

[Cobra]

volume surge, maybe another rebound attempt which most likely would fail again.

[Unique]

Now, the big question is can bears manage to CLOSE under the November trend line? Or Bernanke stick save the market once again?

At the very least, today is a sign of relief that bears can actually have a continuation to a potent bar like Monday's.. two way action is healthier than BTFD

[flrtrader]

Now, the big question is can bears manage to CLOSE under the November trend line? Or Bernanke stick save the market once again?

At the very least, today is a sign of relief that bears can actually have a continuation to a potent bar like Monday's.. two way action is healthier than BTFD

OK hold on Im calling Uncle Ben! This ain't right

[Cobra]

members only update at 10:33 am
http://www.cobrasmarketview.com/2013/04 ... ay-update/

thanks cobra
can u draw a measured move on spy yet?

Just did before I saw your request.