08/26/2014 Live Update

[Cobra]

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Double Top? Even it is, it's too small to be a real threat to bulls.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/08 ... ay-update/

[DellGriffith]

This will be day 12 without any kind of real pullback. We're approaching 3 weeks and its very hard to find ralllies that go much more than that. It should need a rest, for a day or two at least, and very very soon.

[DellGriffith]

We had a rally like this last May. Ran for 3 weeks and then took a break for 3 days into some minor oversold conditions.

[FlowerGirl]

Wealth Builder Series-II

If you can't beat them...join them

[cletus]

Crude catching a bid, possible on the Ukraine talks. Well, I think it's a good place to be long right now. One could also argue it's hanging on a cliff edge. With the fed printing I'd rather be betting on crude long than short in general, though.

[JFR]

Bad news happening with AAPL?

[jungle trunks]

There's been RSI negative divergence on the SPY hourly last couple days, maybe a pullback due?

[fehro]

SPX 15m.. new all time highs.. ES tags 2000

[Cobra]

members only update at 10:10 am
http://www.cobrasmarketview.com/2014/08 ... ay-update/

[Mr. BachNut]

No position. Missed my entry and haven't chased the rally.

My summation signal is up.
My composite trend signal is up.

Nothing new to report really.
NYMO is deciding whether to declare a cycle top or make another push to reach overbought.
Of note, my upper Keltner band is at SPX 2008.8.
Price looks like it might peter out before tagging the band.
Prior cycles suggest failing to tag the band is often followed by some range trade and ultimately a tradeable decline.

[Out of Bounds]

I'll just leave this here.

http://www.ajc.com/news/news/weird-news ... hef/ng8z8/

[fehro]

SPX daily

[Cobra]

I'll just leave this here.

http://www.ajc.com/news/news/weird-news ... hef/ng8z8/

[Cobra]

just a little bit up biased as the blue line has been tested many times now.

[Denali92]

We had a rally like this last May. Ran for 3 weeks and then took a break for 3 days into some minor oversold conditions.

Actually, that run was the spring top post May opex... and then we had the volatile move down in to June opex.

In the past in this bull, the RUT has led these V reversals, but that changed with the rally from opex in April.

For the bears, this sadly can run for some time, as we had our 50 plus point correction after 104 days without such a correction in July. Interestingly, the last extended runs were followed by shorter runs and the markets became more volatile, so it is something to watch....

April 2012 105 day rally ended 8 day correction then 21 day rally (not to new highs) to 1-May.... then whoosh down 10.5% in 34 days

April 2013 101 day rally ended 7 day correction then 34 day rally to new highs and then 33 day 7.5% correction

Based on that - the end of this week to as late as Sept opex might provide some relief for the bears.

-D

[uempel]

Minor resistance up at SPX 2004

[Heck]

ISE ALL opening long overvalued calls/puts @ 154%, Equity opening long overvalued calls/puts at @ 304% and Index opening long undervalued calls/puts at 62% = Market Down, so selling rips for dips

http://www.ise.com/market-data/isee-index/

[fehro]

INDEX dailies new all time highs INDU

[Daniel]

USO above 35.16 will generate a 30min timeframe buy signal, as the Energy ETFs continue to strongly outperform.