07/28/2015 Live Update

[Al_Dente]

Cumulative Advance Decline (the pink line) is moving up VERY SLIGHTLY for the first time since it started down on 17 july.
Cumulative-anything may lag or at least distort a bit, so it’s not an exact timing signal, just a warning.
For example: note on 17 july when the AD peaked, it took SPY two days to notice the dreadful breadth and start moving down…

[Cobra]

this bull may have legs.

[fehro]

/CL stalling.. another RS.. or triangle.. on the daily trying to print an outside reversal

[fehro]

SPX ... selling some longs here..

[Cobra]

members only update at 12:15 pm
http://www.cobrasmarketview.com/2015/07 ... ay-update/

[Cobra]

biggest bull bar after being up a lot, so maybe a pullback here first which likely would be bought.

[Unique]

TSLA: Sold 50% of TSLA calls, have 25% left trailing. If you missed this, I don't feel sorry for ya

ES: Here's the chart for IHS 100% MM = 2094.5~

Heading to the beach, good luck

[Al_Dente]

TSLA: Sold 50% of TSLA calls, have 25% left trailing. If you missed this, I don't feel sorry for ya
.......................

nice call....... sweet........

[MrMiyagi]

spy

[silicon_beaver]

Finally CL moves above 48.

[MrMiyagi]

spy10

[Al_Dente]

Big green circles illustrate what I’m talking about:
Yesterday’s dip near the close actually printed a higher low … only by a few cents, so it sounds trivial, but bear with me
Note the 7/7 lower low compared with the next day 7/8 where testing the low was a success and printed a higher low but only by a few cents. That was followed by another back-test and a HL on 7/10. From there on up it was higher lows all the way until the break at the top.
I’m NOT suggesting that this leg will be the same. I’m just suggesting that yesterday’s HL at 206.31 matters. I’m also suggesting that a back-test would not be a surprise…
Right now we’re in the middle of a squeeze.
Once the bears exhaust their covering we’ll see if the longs have enough punch to carry the weight all by themselves.

[fehro]

SPX 20d tagged.. a couple overs.. 50d 2101.. resistance top of channel 2093ish one invs H&S target tagged.. possibly two

[fehro]

INDEX days.. TRAN still non stop.. hammers RUT/COMPQ

[MrMiyagi]

Might be intraday top here.

[Cobra]

members only update at 1:30 pm
http://www.cobrasmarketview.com/2015/07 ... ay-update/

[fehro]

SPX .. out of more longs.. here.. dabble a tiny short

[jademann]

Anyone have any views on whether USO is a short or long term buy here?

[Al_Dente]

Interesting that all the previously weak sectors are getting the bulk of the covering
I don’t know what to make of that

[fehro]

USD.. minor bear flag 60m. worth watching gold/oils for a pop mid to end of the week.. to try to save their monthly weekly candles..