10/28/2015 Live Update

[fehro]

SPY upper resistance.. here.. or up to pink E.. holds here Cyan E ?.. I know crazy talk .. bears only way to dent the weekly/monthly candles

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2015/10 ... ay-update/

[Cobra]

well, guess that's it for today. Thursday tomorrow has been generally bull friendly. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[Al_Dente]

Another new all-time-high: XLY

[brokebybernacke2]

SPY upper resistance.. here.. or up to pink E.. holds here Cyan E ?.. I know crazy talk .. bears only way to dent the weekly/monthly candles

im calling a TOP!!!! TOP!!! stop run TOP!!!

[Unique]

Day trades: ALL OUT @ 2083. Be back tonight. Peace!

[MrMiyagi]

NEVER
EVER
GOING
DOWN
AGAIN

[BullBear52x]

Long term on IWM and Trans both are in the buy-able dips now that HH is seen, down trend is in question now, dips will be bought.

[BullBear52x]

NEVER
EVER
GOING
DOWN
AGAIN

can you add EVAR......

[marcueus]

we have beautiful W harmonic formation on spx so we will get at least few retests of 2000 area

[DellGriffith]

daily SPY MACD closes at a new all time record high of 2.8 and change. I'm not sure why anyone would long that. That's clearly a short on a basic level and a winner. Even if it goes against you for a bit, it will win.

[Out of Bounds]

Caution

[MrMiyagi]

can you add EVAR......

EVARRRRR!!!!

[kongen]

daily SPY MACD closes at a new all time record high of 2.8 and change. I'm not sure why anyone would long that. That's clearly a short on a basic level and a winner. Even if it goes against you for a bit, it will win.

I don't see why this should be true. Weekly MacD histogram just turned positive last Friday for the first time since May. I am not impressed with the forecasting power of differences in MA.

[DellGriffith]

daily SPY MACD closes at a new all time record high of 2.8 and change. I'm not sure why anyone would long that. That's clearly a short on a basic level and a winner. Even if it goes against you for a bit, it will win.

I don't see why this should be true. Weekly MacD histogram just turned positive last Friday for the first time since May. I am not impressed with the forecasting power of differences in MA.

You should always doubt everything. I would never tell you to trade based on what you read on a message board.

[DellGriffith]

The fundamentals behind my trading is that QE has ended. Since 2008, we've had two periods: QE and no QE. They trade differently. The last QE ended 1 year ago tomorrow, October 29, 2014. The market has been basically flat for the past year. Up 5%. Its funny that the close of trading on the last day of QE was 194.19 and if we went back down there, it would close that gap at 195 on SPY.

I think that's what we get. The market rises if there is QE. If there is no QE, it stays flat and is wide open to waterfall events (like 2011 or last august).

I think the bear case has merit until they do more QE .... or actually fix the economy but not holding my breath there.

Do I think the market is about to launch into some massive rally like all of 2013 and most of 2014? No. Because there is no QE. i think we're going back down.

[DellGriffith]

Bears wiped out in latest AAII data:

Oct 29: down to 20.59% Last time we had a low reading was 6/25 when we had a big drop. Doesn't guarantee a drop immediately since it could just stay low for 2-3 weeks before a drop, but some might take the low bear reading as a warning.

http://www.aaii.com/sentimentsurvey/sent_results