07/30/2013 Live Update

[Cobra]

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Third test of the blue horizontal line, a breakout is more likely.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/07 ... ay-update/

[L_T]

Here is a headline for you:

Fertilizer Companies Are Getting Destroyed Today

Full story:

http://finance.yahoo.com/news/fertilize ... 24673.html

POT is down something like 23% in the pre-market.

[FlowerGirl]

Based on SPY pBAR down to 162.10.
Looks like a stretch but is drawn on the assumption that this pBAR is being used to indicate some extreme targets.
-Two yellow lines are parallel to each other. Notice how pBAR (purple line) anchored at intersection of cyan and lower yellow line
-SPY seems to be forming a Bull Flag, a break out can take the prices to the upper yellow line.
- Are they hinting that fall will occur once price reaches the upper yellow line? Not clear at the moment but future pBARs may shed some light.

This may sound absurd to some folks here . It is this reason you shouldn't be investing even a penny in this analysis.

[fehro]

SPX 15m... new gap this am.. filling yesterday's ... cyan upper line

[fehro]

tagged.. now.. back down?... fill the gap.. and chop around.. still in a bearish rising wedge

[jarbo456]

CHK positioned for a breakout.

Careful of the false one.

[Cobra]

morning black bar again, next hour likely red. $SPY
https://stockcharts.com/public/1684859/ ... /286407830;

[fehro]

SPX 5m.. invs H&S for the bulls.. bearish rising wedge for the bears...

[L_T]

CHK positioned for a breakout.

Careful of the false one.

What's your time frame? Daily?

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2013/07 ... ay-update/

[daytradingES]

energy of the day mixed and undecided
retraced to 1684
up watch 89 area for resistance but probably 1695 area = target
Range 10.25+1684 act low at 8:57 = 1694.25
http://screencast.com/t/rGBreYDN1

[rhight]

Greetings,
As a lurker, and former contributor, I would like to express my gratitude for this forum. I dropped back because I'm trying (oh so hard) to be a position or intermediate term, and not a day trader, and the daily banter was confusing my adled brain. I saw the rising trend line resistance on the SPX 5 year chart and this week plugged the numbers into a slope calculator (my own) so as to draw the line on a shorter term 6 month chart (shown in yellow). I gave it a range by using the two date points shown (in red text box). Notice how price has stalled (so far) in this range. We will see if euphoria will cause a pop through this resistance, something my bias makes me think this would be relatively short lived.

Some other things to notice on this chart :
a) the 4/18 to 5/22 uptrend (dashed blue line) was copied and pasted to the current uptrend. Notice that the current was initially steeper, but now equal in length, but not price of that uptrend.
b) the light blue trend lines of both advances are now exactly equal in slope. When that TL broke on May 23, it presaged the June decline.
c) the uptrend of the past 3 days is that the same as that line.
d) this is not to say that a break will lead to an intermediate decline, just something to keep an eye on.

Disclosure : 25% short at SPX 1684. Longs closed.

[L_T]

SPX Daily 073013.png

Greetings,
As a lurker, and former contributor, I would like to express my gratitude for this forum. I dropped back because I'm trying (oh so hard) to be a position or intermediate term, and not a day trader, and the daily banter was confusing my adled brain. I saw the rising trend line resistance on the SPX 5 year chart and this week plugged the numbers into a slope calculator (my own) so as to draw the line on a shorter term 6 month chart (shown in yellow). I gave it a range by using the two date points shown (in red text box). Notice how price has stalled (so far) in this range. We will see if euphoria will cause a pop through this resistance, something my bias makes me think this would be relatively short lived.

Some other things to notice on this chart :
a) the 4/18 to 5/22 uptrend (dashed blue line) was copied and pasted to the current uptrend. Notice that the current was initially steeper, but now equal in length, but not price of that uptrend.
b) the light blue trend lines of both advances are now exactly equal in slope. When that TL broke on May 23, it presaged the June decline.
c) the uptrend of the past 3 days is that the same as that line.
d) this is not to say that a break will lead to an intermediate decline, just something to keep an eye on.

Disclosure : 25% short at SPX 1684. Longs closed.

Very nice. You should go from "former" to "current" contributor!

Do I see you follow Demark counts as well?

[Cobra]

range day, nothing to say, wait for OR breakout first.

[grachu]

is this the usually pattern before the FOMC meeting ?

[fehro]

little triangle on SPX5m.. bullish looking

[Al_Dente]

5 day % performance

[PanamaJack]

energy of the day mixed and undecided
retraced to 1684
up watch 89 area for resistance but probably 1695 area = target
Range 10.25+1684 act low at 8:57 = 1694.25
http://screencast.com/t/rGBreYDN1

DayTradingES
Thanks for the update.
I did notice in my scans that there was a lot of buying of 1X, 2X, & 3X -- Short funds.
This was a Bullish MACD scan. I anticipated more of a pullback from the open similar to previous days trends.
Good Trades,
PanamaJack

[fehro]

little triangle on SPX5m.. bullish looking

ah.. no... so much for bullish looking.. still could be an inverse RS... but should hold it here if that's the case...