08/09/2013 Live Update

[TraderGirl]

While SPX is sitting at mid-BBand...

nice little bit of negative divergence on the MacD

Yes...and look how tight the BBands are squeezing...in the last few years that has indicated a squeeze up...??

[tonghu]

got it, thanks. i'm using IB, and never saw these, interesting

just curious, where did you get the pbar chart, why i can't see these on mine?

TD Waterhouse in Canada.

[Cobra]

I know nowadays bears always are one legged, but i think today might be different as I see already 2 legged rebound but not much up, so there might be another leg down?

[MrMiyagi]

I know nowadays bears always are one legged, but i think today might be different as I see already 2 legged rebound but not much up, so there might be another leg down?

Friday end of day Bullish still applies?

[fehro]

SPX 15m.. retest red trendline? or will the blue line hold..

[Al_Dente]

I was expecting a lower low
BUT THE INTERNALS say… no.… not …. yet

[Nrsimha]

I know nowadays bears always are one legged, but i think today might be different as I see already 2 legged rebound but not much up, so there might be another leg down?

Friday end of day Bullish still applies?

Market is holding up very well considering that the Federal Reserve CONSISTS OF THE THREE STOOGES.
There will be NO tapering .... wait, there might be tapering next month, NO wait ... there won't be any tapering
until 2014 .... no wait ... we might start tapering next week .... NO , next month ... NO WAIT ... we might already
be tapering and we just haven't told you yet .... NO wait ... there wont be ANY tapering until the summer of 2015... no WAIT... we might start tapering tomorrow .... whatsa matta with you ... hey Moe look at the markets ....

Time for a "surprise" Friday 'Hilsenramp' ???

[MrMiyagi]

IWM/RUT turned green.

[Cobra]

well, no difference today: down in the morning then up the rest of the day. this bear has only one leg.

[fehro]

retesting and maybe more..

[TraderGirl]

Dow held support at May highs on the weekly candle...

[Cobra]

members only update at 12:46 pm
http://www.cobrasmarketview.com/2013/08 ... ay-update/

[user13]

well, no difference today: down in the morning then up the rest of the day. this bear has only one leg.

[user13]

SPY may be testing the range and the flag breakout point here

[Al_Dente]

VIX wants to print another shooting star thingie
But note (second panel): this is the first time since June that SPY has dared to pierce her centerline bolinger (20/2) aka her 20ma on the daily
That usually spells trouble, at least down to 167.41 which is currently the lower bb band

[fehro]

SPX 15m

[rhight]

SPX 08-09-13 Weekly Report 15min.png

A possible ABC (wave 2?) bear flag is breaking as we speak. Could it be that an actual intermediate downtrend is continuing? Imagine that.

]

Need the VIX to break above .. to confirm?

Righteo I suppose. I monitor the VIX/VXV ratio. You appear to be a chart freak, like myself, no offense. I might get carpal tunnel syndrome. Looking for TRIN to go bearish, but today NYUPV is greater than NYDNV even though price is down. The scary thing is that is takes no selling volume to send SPX down, which is why everyone is afraid to sell. It appears that intermediate bullish momentum is waning though. Time for another short squeeze?

[joegamma]

SPX 08-09-13 Weekly Report 15min.png

A possible ABC (wave 2?) bear flag is breaking as we speak. Could it be that an actual intermediate downtrend is continuing? Imagine that.

]

Need the VIX to break above .. to confirm?

Righteo I suppose. I monitor the VIX/VXV ratio. You appear to be a chart freak, like myself, no offense. I might get carpal tunnel syndrome. Looking for TRIN to go bearish, but today NYUPV is greater than NYDNV even though price is down. The scary thing is that is takes no selling volume to send SPX down, which is why everyone is afraid to sell. It appears that intermediate bullish momentum is waning though. Time for another short squeeze?

summertime blues...no volume=no depth...yesterday am saw no significant volume until near lows of am downdraft, today chart similar, except up around london closing...
the up/dwn vol ratio sticking around 1.25 -not that significant, but
with no depth then there are no resting sell orders above so I expect the tick volatility to continue, while we develope recent range for a bit...1 week? 2 weeks? don't know, last time was about a month of consolidation before upleg began but now breadth momentum and volume momentum looking neutral to negative and the leaders (small caps + Fincl) not leading,
GL

[Mr. BachNut]

Starting to look like a coil.
Could break either way or could evolve into something more complex.
The bottom has an interesting feature as it stretches back to form a neckline on a flaky but visible Head and shoulderish type structure.
With four lows touching that neckline, the stops that are likely to be accumulated below could be honey for the bears. A break could be a goer.
If the right shoulder breaks, bears are done...again...

[user13]

Lol basically another V reversal it looks like