02/20/2015 Live Update

[Daniel]

"Breaking News: Euro zone ministers, Greece agree on draft accord....

Perhaps this is why FAS and other fin'l ETFs had such an RS surge a couple hours ago, leakage of this accord..

[q2model]

ZOOM!!

Morning's pBars hit.

Now the other side?

[fehro]

SPY VIX.. VIX almost near bottom side of orange triangle .. those wicks to the upside..seem like the news is not convincing enough yet..for some

[FlowerGirl]

A big move in SPY is planned...
BLOCK TRADE: $SPY 500,873 shares @ $209.97 [11:34:25]
BLOCK TRADE: $SPY 501,159 shares @ $209.97 [11:16:39]
BLOCK TRADE: $SPY 501,159 shares @ $209.97 [11:00:41]
BLOCK TRADE: $SPY 500,885 shares @ $209.97 [10:48:58]
BLOCK TRADE: $SPY 999,835 shares @ $209.97 [10:31:11]
BLOCK TRADE: $SPY 501,170 shares @ $209.97 [10:23:58]
BLOCK TRADE: $SPY 501,109 shares @ $209.97 [10:09:56]
I didn't qualify for OBCare.. all because of entries on Schedule D (IRS)

[Cobra]

members only update at 12:57 pm
http://www.cobrasmarketview.com/2015/02 ... ay-update/

[Al_Dente]

"Breaking News: Euro zone ministers, Greece agree on draft accord....

Perhaps this is why FAS and other fin'l ETFs had such an RS surge a couple hours ago, leakage of this accord..

10 day %performance

[uempel]

Bonus chart.

DAX popped an ascending wedge this morning and is now looking like a shooting star.
Breaking the bottom of the wedge would now be a failure IMO and bearish.
Given the width of the wedge, support at the 26 day MA might prove temporary if it gets there.

I have no clue what will happen. These are just chart observations.
The wedge may simply be widening itself...
There are others on this board, like eumpel, who know a lot more about the DAX than I.

The attachment DAX.jpg is no longer available

BachNut, DAX 11'000/11'040 is critical

[johnnywa]

TRIN: Was as high as 3.24 this morning, now at 1.46 which is still Bearish selling pressure.

Guess trin only applies to rut today as it has a bad case of constipation

[MrMiyagi]

[champix]

I would expect a support at about 2082 on ES (MM9).

On ES, low was 2082.25... now at resistance. I will go long when/if price is ready to go through yellow line and stay above it. (about 2089 currently).

Update. Did not manage to get long above 2089, so I gave up...
Have a nice week end all !

[uempel]

Bullish Percentages are supportive for the bullish cause:

http://stockcharts.com/freecharts/candl ... BPENER|B|0

[Mr. BachNut]

Still early in the session to judge charts, but I have to run out this morning.

NYMO below zero at the moment. Down cycle appears to be ongoing.

The currency tell made an inside day yesterday and broke down today.
There is a bit of a rising wedge visible.
It is hitting a support zone. So, have to see how it behaves from here.

The end of the week close (when traders reveal what they are willing to take home for the weekend) will as usual be important.

My setups are not there yet, but the case for a short is building. Maybe this afternoon or Sunday.

Early to judge indeed. Everything changed after the opening flush.
NYMO now up a little for the day. The currency tell bounced hard off support.
I imagine there are stops above recent highs. So, they may need to get cleared out with new ATH.
We'll see how things close, but looks like short setups will need more time in the oven to bake.
Or perhaps we're never going down again...

[Trades with cats]

Darn, I was going to short oil if it got back to 54. Rig count showed smallest drop in four weeks so down it goes.

The focus on rig count is really crazy. Horizontal rigs are the important ones. Once again, most vertical rigs came off of the gas fields, horizontals stayed the same and production volumes have been relatively level.

Gary Shilling said that the direct cost of pumping the oil is around $20 and he expects to see that number before this is over, FWIIW

[Trades with cats]

Small cps are not following, ES clearly on a mission to retake 2100.

[Cobra]

testing yesterday's high, a little consolidation here is preferred...

[johnnywa]

Small cps are not following, ES clearly on a mission to retake 2100.

RUT needs to break 1230 with conviction

[Mr. BachNut]

Bonus chart.

DAX popped an ascending wedge this morning and is now looking like a shooting star.
Breaking the bottom of the wedge would now be a failure IMO and bearish.
Given the width of the wedge, support at the 26 day MA might prove temporary if it gets there.

I have no clue what will happen. These are just chart observations.
The wedge may simply be widening itself...

BachNut, DAX 11'000/11'040 is critical

At this point, I have widened the wedge to include today's high.
Looks like that high will get tested. Let's see how that goes.

[Cobra]

members only update at 1:45 pm
http://www.cobrasmarketview.com/2015/02 ... ay-update/

[Cobra]

vol surge, should be a pullback here first which likely would be bought.

[Trades with cats]

The TF futures are thinking about a down trend. Tested the top and bottom of the current box in the last 10 minutes. Their high was yesterday, so which index got the message?