08/25/2015 Live Update

[Cobra]

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100% mm targeting 1986.50, so maybe this rebound is to fill the gap above?

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2015/08 ... ay-update/

[fehro]

SPX mind yesterday's opening gap, and today's gap.. + SPX500 -premarket real time

[Cobra]

too stretched, so should be a pullback first then we'll see.

[marcueus]

Guys if the market wants to go up we need double bottom on es.f and inverted hammer on daily spx

[fehro]

mind the gaps.. yesterday's this morning, and the two nearby lower ones.. just under yesterday's LOD, and 1835 range. VIX holding at the moment

[Cobra]

morning hourly black bar.

[Cobra]

members only update at 10:06 am
http://www.cobrasmarketview.com/2015/08 ... ay-update/

[fehro]

Precisely 24 hours ago, in an attempt to pre-empt the panic-selling open, the NYSE invoked the little used Rule 48, which was to be expected: the Nasdaq 100 has just tumbled limit down and the S&P and DJIA would follow shortly. Today, however, it is unclear just why the NYSE decided to once again invoke Rule 48 as futures are set to open about 3-4% higher, and yet that is precisely what the NYSE did. As a reminder, what this means is that mandatory opening indications are not required, which in theory should make it easier to open stocks. via zerohedge.. fwiw... http://www.zerohedge.com/news/2015-08-2 ... arket-open


Rule 48. Exemptive Relief — Extreme Market Volatility Condition

(a) In the event that extremely high market volatility is likely to have a Floor-wide impact on the ability of DMMs to arrange for the fair and orderly opening, reopening following a market-wide halt of trading at the Exchange, or closing of trading at the Exchange and that absent relief, the operation of the Exchange is likely to be impaired, a qualified Exchange officer may declare an extreme market volatility condition with respect to trading on or through the facilities of the Exchange.

(b) In the event that an extreme market volatility condition is declared with respect to trading on or through the facilities of the Exchange, a qualified Exchange officer shall be empowered to temporarily suspend at the opening of trading or reopening of trading following a market-wide trading halt: (i) the need for prior Floor Official or prior NYSE Floor operations approval to open or reopen a security at the Exchange (Rules 123D(1) and 79A.30); and/or (ii) applicable requirements to make pre-opening indications in a security (Rules 15 and 123D(1)).

(c) A suspension under section (b) of this Rule is subject to the following provisions: .............

[Unique]

TSLA + GOOGL looks like a hard money day, it's time to shake again. Cannot make 15% and 6% on commons like yesterday's easy money day, the range is too big need to digest a bit. Gonna stay away from these to protect profits.

Swifching to ES:

Buystop at 1951, stop at 1940. Immediate target = 1968 gap fill. Target 2= 1980 Target 3 = 2000

It is not appropiate setting up a sell stop, since price is trending above 1HR 20EMA.

Set and forget type of trade. Good luck all

[Heck]

Two out of Three ISE Indices BEARS
https://www.ise.com/market-data/isee-index/
Market can work off oversolds sideways
http://stockcharts.com/public/1684859/chartbook

[Unique]

morning hourly black bar.

Pretty scary, since as you noted there's a red hollow bar open yesterday as well.
There could be a small possibility, if next few days are inside days then we consolidate near lows and then bears have a decent chance for the exact ES target of 1813

[daytradingES]

TSLA + GOOGL looks like a hard money day, it's time to shake again. Cannot make 15% and 6% on commons like yesterday's easy money day, the range is too big need to digest a bit. Gonna stay away from these to protect profits.

Swifching to ES:

Buystop at 1951, stop at 1940. Immediate target = 1968 gap fill. Target 2= 1980 Target 3 = 2000

It is not appropiate setting up a sell stop, since price is trending above 1HR 20EMA.

Set and forget type of trade. Good luck all

Hi Unique,

Are you entering the trade via the buystop at 1951?

[fehro]

take it with a grain of salt.. but /CL worth watching.. possible channel break to the upside.. short term.. watching weekly for a hammer.. railroad/ outside reversal on the daily.. should we pop up higher.. W/D/60

[Unique]

TSLA + GOOGL looks like a hard money day, it's time to shake again. Cannot make 15% and 6% on commons like yesterday's easy money day, the range is too big need to digest a bit. Gonna stay away from these to protect profits.

Swifching to ES:

Buystop at 1951, stop at 1940. Immediate target = 1968 gap fill. Target 2= 1980 Target 3 = 2000

It is not appropiate setting up a sell stop, since price is trending above 1HR 20EMA.

Set and forget type of trade. Good luck all

Hi Unique,

Are you entering the trade via the buystop at 1951?

Yup It is also to ensure I do not over trade today since I do not currently see any A+ setups except this one.

[daytradingES]

Thanks Unique.
Seems like you did well yest. congrats.

[Unique]

take it with a grain of salt.. but /CL worth watching.. possible channel break to the upside.. short term.. watching weekly for a hammer.. railroad on the daily.. should we pop up higher.. W/D/60

Daily candle wise, yesterday could be a sell climax. But if we break below 37.50 then next level is 35 then 33.20. This is just a typical Daily 8EMA bear train...need to get above it for bulls to buy

Looks like we exited shorts too quickly! Damnit!

[MrMiyagi]

spy

qqq

[jademann]

VXX down 10% XIV hardly moved..

[MrMiyagi]

VXX down 10% XIV hardly moved..

Expect high volatility at least into FOMC Friday, probably into the first week of September.
This type of drop doesn't get forgotten in a day, VIX reflects that sentiment, also there will probably be 10-15 point swing in the SPX like it's nothing.