Live Update

Friday, August 14, 2009

08/14/2009 After Bell Quick Summary

I expect a green close next Monday for 2 reasons:

CPCI > 1.55 which means an up day next day.

CBOE CPCI

Both VIX and SPX closed in red today, by counting green vertical lines we can see high likely an up day the next day.

SPXandVIXWatch

There’s a catch though, I don’t have the final ISEE readings yet, since on the ISE web site it said the data was wrong. Just from the screenshot below (which is still a wrong data), ISEE index hit a 52 week high today and the previous 52 week high was hit on Mar 9, 2009. I think you should all remember what had happened after Mar 9, 2009. Anyway, I don’t mean the readings are bullish, I just mean even a slight different readings later posted by ISE, may change my speculations about the next Monday or even a little bit longer term, so I will talk about ISEE index later once I get the correct data.

ISEE

Posted by Cobra at 6:15 PM

16 comments:

  1. JeffAugust 14, 2009 at 6:20 PM

    Cobra, thank you for making me some money this week so I will follow your expectation again to buy some ERX now.

    ReplyDelete
  2. AnonymousAugust 14, 2009 at 6:31 PM

    True story. I've followed cobra's indicators since the beginning of 2009. I made 167% on my portfolio in a couple weeks earlier this year. Then I promptly ignored his signals for a couple weeks and blew a healthy chunk of those gains. Just goes to show -- do not ignore this guy. I learned my lesson.

    ReplyDelete
  3. AnonymousAugust 14, 2009 at 6:47 PM

    Thanks, Cobra.

    ReplyDelete
  4. UnknownAugust 14, 2009 at 7:30 PM

    thx, u r the man!

    ReplyDelete
  5. AnonymousAugust 14, 2009 at 9:07 PM

    Thanks Cobra.

    ReplyDelete
  6. AnonymousAugust 14, 2009 at 9:42 PM

    With you doing the "intra-day update", very informative, statistical & historical data. Thanks! -- 90ufo

    ReplyDelete
  7. DennisAugust 15, 2009 at 1:09 AM

    Hi Cobra,

    I am just wondering how people are trading after your post? I mean, don't you post after the market? which means the stock market has closed and how did those poeple sell or buy when the market is closed? or are they trading futures? or what? Thanks!

    Dennis

    ReplyDelete
  8. AnonymousAugust 15, 2009 at 1:22 AM

    Appreciate it.

    ReplyDelete
  9. AnonymousAugust 15, 2009 at 2:52 AM

    Cobra

    VIX was down but VXX is up. Need to consider the the busted trade that caused the vix to close down.

    Anyway I think we finally break to upside next week for intermediate top.

    ReplyDelete
  10. JimAugust 15, 2009 at 6:12 AM

    Hello Cobra,..

    My bias is for a High on Monday (per Ian's blog post),..

    http://timeandcycles.blogspot.com/2009/08/when-price-time-and-cycles-meet.html

    also,...ASMT blog is looking for same change in Trend (CIT) window, expecting a TOP on 08-14 to 08-17:

    http://allstarmarkettiming.typepad.com/my_weblog/2009/08/the-daily-jdv-market-timer-august-13-2009.html

    (Suggestion,..maybe add ASMT Blog to your blogroll? - Jack De Veaux does good work. ...thanks)

    My next 3 wk cycle (likely pivot) date is Tues 08-18,..and I expect that to mark a turn DOWN from a High.

    Regards, Jim P.

    ReplyDelete
  11. JimAugust 15, 2009 at 6:51 AM

    PS.. Also, worthwile article by Michael Kahn of Barron's, dtd 08-12-09:

    http://online.barrons.com/article/SB125002929160523899.html#mod=BOL_hpp_dc

    Logical, well developed thoughts,..I agree
    with his bottomline.

    Regards, Jim P.

    ReplyDelete
  12. BillAugust 15, 2009 at 10:18 AM

    Hi Cobra,

    After seeing your post, I checked out some data as well. Over the last six weeks when the CPC surged to > .90, the following trading day recorded gains averaging 21 to 25 points. The Bollinger bands are currently at 1025 approx. I'm expecting a surge into that level Monday and Tuesday with a possible drop from there into Friday. Ultimately by September, should get to 1060 or 1080, before a significant correction.


    http://content.screencast.com/users/texana44/folders/Jing/media/afb2287f-0569-49f9-90c4-0be1954269e7/2009-08-15_0739.png

    ReplyDelete
  13. CobraAugust 15, 2009 at 12:13 PM

    Thank you guys, thanks for all the info, I'll check them later as right now I'm fully occupied by my daughter. Just come to say hi.

    Dennis, there's after hour trading every week day until 8:00pm ET. Your broker has to support AH trading though.

    ReplyDelete
  14. AnonymousAugust 15, 2009 at 1:48 PM

    At 430 am I get your info and start looking for the opportunity that presents itself. Following your blog led to my biggest gain this week,
    Why CPCI, vs the other CBOE put call ratios? I appreciate your contribution to starting a two week winning streak.

    ReplyDelete
  15. AnonymousAugust 16, 2009 at 11:31 AM

    is the ISEE data going to be fixed?

    ReplyDelete
  16. MACDaddyAugust 16, 2009 at 11:33 AM

    Anyone interested in analyzing the Q's.

    http://macddaddy.blogspot.com/

    ReplyDelete

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