07/22/2015 Live Update

[Daniel]

SPY 15min 200ema, 211ish; SPY has not been below this for more than 15 minutes since 7/10.

[Cobra]

possible 3 push down but bulls need exceeds the mini target to give us a signal.

[jway888]

SPY back inside its 30min opening range (OR-30), and below daily VWAP.

Its range today is clear-- low is Open; High is yest close.

"Widely watched" 15min 200ema is just above today's low/open, ca 211ish

Wouldn't be surprised to see a EoD liquidation break into close.

[brucekeller]

GS has a decent little cup and handle going from yesterday.

[Al_Dente]

Pretty tight channel here on SPY (dashed red lines)
Too tight?
Bears would like to see 1/VIX confirming the down-spy, and it’s not very convincing… yet…

[gappy]

After 48 hours of a broken handled pump, Japan is back with the hari kari. http://pebblewriter.com/the-yen-carry-trade-explained/ Hourly.

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Vote Cobra. glta

[Al_Dente]

Yes, earnings have proven to be quite critical this week… and next...
What’s watchable tonight and tomorrow? Anyone have that handy, please post, thx in advance

[Al_Dente]

Bears need help

[MrMiyagi]

Yes, earnings have proven to be quite critical this week… and next...
What’s watchable tonight and tomorrow? Anyone have that handy, please post, thx in advance

AXP and LVS, not much else of interest tonight.

[QED]

Fehro, do you have any thoughts on IWM … long or short? Thanks!

[fehro]

SPX .. mixed.. possible minor descending wedge.. . messy... but VIX looks like a bear flag 15m.. but man that gap, and 50d are so so close... *whoops wrong chart.. fixed

[gappy]

Two operators to consider when the bottom is in. http://www.mrt.com/business/oil/article ... 4d9a4.html

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10-K research required as always.

[fehro]

Fehro, do you have any thoughts on IWM … long or short? Thanks!

Prefer the indexes are per usual.. couple of views.. messy complex H&S 20w is right here at 1254.95 key level, then neckline...then previous highs pink.. should provide good support.. but overall looks weak..

[gappy]

30 minute fractal.

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[Cobra]

good, but still need exceeds the mini target.

[fehro]

XLF financials.. having their own party... or are they just holding up the indexes.. so they can sell..

[kongen]

Yes, earnings have proven to be quite critical this week… and next...
What’s watchable tonight and tomorrow? Anyone have that handy, please post, thx in advance

GILD after hours

[Daniel]

Bears beware.

IWM, Naz advancers both fresh HOD.

Intraday upside moves are often best, when these lead.

[fehro]

SPX trend still holds.. for the stealthy bears.. .. yeah I know it's a stretch.. H&S.. very small RS in today's action.. = nasty close, or nasty day tomorrow.
Would give it more credence if the VIX was stronger.. but expires today.. so could be a little wonky

[Unique]

TSLA:

Bulls held the 260-261 huge support I talked about this morning. Formed a mid-week bottom on 30min+60min charts. Would be best for bulls to close over 267.8 today.

For bears 1HR 20ema = 269.43, might be re-short opportunity if the market (ES futures) finally breaks below the 2100 level, until then this is a very tight hourly consolidation phase.
So far /ES and /NQ held daily 8ema first try for now, tomorrow seems very important for bears to breakdown. Or else, it's back to BTFD again lol...