11/15/2013 Live Update

[Cobra]

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Don't know what pattern it is other than normally this bull shall have legs (i.e. the very first meaningful pullback most likely would be bought).

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/11 ... ay-update/

[stlwater]

As tantalizing as a long VIX play is going to be... A word of caution. I remembered some funny stuff with the VIX a while back before the 2011 correction (if I cared to do the research I could look back at the TZA message board because it was folks there who got hit). So I did a little digging, sure enough I found what I was looking for. This one is a shocker and I think someone should have gone to prison for it... Check out what happened to TVIX when the trendline we are about to encounter was hit. On the zoomed out view it is the area enclosed in the grey circle. On the zoomed in comparison the day is market with a vertical red line. Needless to say this reeeaaalllly screwed some people and made absolutely no sense whatsoever other than someone wanted to make sure Credit Suisse didn't have to pay out. You'll see the same price action on XIV (inverted of course) while the VIX itself did not have any such reaction. Should have been a class action lawsuit IMHO.

Looking back I think there may have been a R/S which MAY account for the selling. A sneaky play nonetheless.

[BigChief]

SPY rising in a steeper channel now after breaking out and confirming it. The shorter time frame channel from the low in October showing price could hit about 185 before a meaning pullback. Momentum indicators still showing divergence on the dailies. Short term momentum showing strength, so higher to 185 before a drop is possible.

[joegamma]

TRIN MIGHT GIVE A SELL SIGNAL NEXT DAY OR SO, bretz rule needs 5 day avg below 4.0

For a strong rally, we need a surge in NYADV, or a drop in nyhgh from these levels, normally ratio needs lower

still looking at these and wondering if we are in a new leg up or not

and, RARE to see the amex highs have negative slope, not sure what it implies

[stlwater]

As tantalizing as a long VIX play is going to be... A word of caution. I remembered some funny stuff with the VIX a while back before the 2011 correction (if I cared to do the research I could look back at the TZA message board because it was folks there who got hit). So I did a little digging, sure enough I found what I was looking for. This one is a shocker and I think someone should have gone to prison for it... Check out what happened to TVIX when the trendline we are about to encounter was hit. On the zoomed out view it is the area enclosed in the grey circle. On the zoomed in comparison the day is market with a vertical red line. Needless to say this reeeaaalllly screwed some people and made absolutely no sense whatsoever other than someone wanted to make sure Credit Suisse didn't have to pay out. You'll see the same price action on XIV (inverted of course) while the VIX itself did not have any such reaction. Should have been a class action lawsuit IMHO.

Looking back I think there may have been a R/S which MAY account for the selling. A sneaky play nonetheless.

Nope, not a R/S... there IS a lawsuit pertaining to this very issue!

http://www.investment-losses.com/tvix-l ... vix-short/

[stlwater]

A major sell signal IS possible today since we have an open above the daily BB on SPX and an open below the daily BB on the VIX as well. Let's pray the bears can pull it off.

[Out of Bounds]

Short 179.41. Even though a/d and TRIN say bull, I don't think the VIX can stay at this low level. Crazy low.

[DellGriffith]

A major sell signal IS possible today since we have an open above the daily BB on SPX and an open below the daily BB on the VIX as well. Let's pray the bears can pull it off.

Last time that happened, BPNYA had enjoyed an extended bullish run and was setting up to turn bearish. This time, its been bearish for a while and about to make a bullish cross, which warns of even higher prices!

[BigChief]

VIX breaking down lower?

[stlwater]

A major sell signal IS possible today since we have an open above the daily BB on SPX and an open below the daily BB on the VIX as well. Let's pray the bears can pull it off.

Last time that happened, BPNYA had enjoyed an extended bullish run and was setting up to turn bearish. This time, its been bearish for a while and about to make a bullish cross, which warns of even higher prices!

II has bullish sentiment at extremes for 4 weeks now..

[gappy]

Hightower morning precious metal blurb, glta.

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[Cobra]

members only update at 9:55 am
http://www.cobrasmarketview.com/2013/11 ... ay-update/

[Cobra]

very small double top some chances.

[Al_Dente]

XLF breaking out at double top

[gappy]

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[Cobra]

range day. nothing to say. overall, consolidation favors bulls.

[gappy]

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[Cobra]

ascending triangle?

[fehro]

SPX 60m almost tagging green tops trendline.... so close...