02/08/2016 Live Update

[Cobra]

test EMA20 got sold as expected, now let's see if bulls can make double bottom here.

[josephli]

SPX 2015 gains all wiped, another 90 points down and 2014 gains will be wiped.

you mean 2014 then 2013?

[MrMiyagi]

you mean 2014 then 2013?

No, 2015 and 2014. 2013 low is under 1500.

[ALdaytrade]

Today's selling is so orderly? Why is that?

[Heck]

Two/Three ISE Indices BULLISH
https://www.ise.com/market-data/isee-index/

[Trades with cats]

My abut 1 minute ES chart says we are trying to bounce, but it isn't easy.

[brokebybernacke2]

brokebybernacke2, my favorite MA is daily 377 or weekly 75. At the moment not very helpful as we don't yet see if it's a dud or not. For confirmation have to rely on other indicators - such as Coppock.

A377.png

Brone by B- my cycle analysis also points to the mid march timeframe for major move! Posted that over weekend and last week. Do believe we do not obviously go straight down til then n we will have bounces albeit weak in terms of end game.
Glta - current position all cash waiting for swing opportunity...

hunter
yes. it never goes straight down, , however, given the smoothness of this down move, we still have some major selling ahead in the next few weeks ... the bounces will be short lived in my opinion--- in bull market , err on the buy side, in bear, on sell. you should do well, after next bounce, that's when it could get fun....

What's great about MA 200? Linear chart doesn't look much better.

jjj.png

Uempel. there is NOTHING really great about it! just a bounce zone ala your red circles... added some stuff, nice chart!

as you know, do not think a dud, like 2001 analogy a bit better as tech here quite overpriced, and don't see bounce coming back to touch 377ma again...just my opinion. shorting any decent rips until volatility volcano like, water cooler talk is always about market, and Yellen gets NIRPY!

[Wallstreetrader]

Place your bets

[BullBear52x]

2x bottom

[hunterman]

This is WAY too early in my cycke to have a L translated end to current....so for now I agrEe w broke...sell rips til we get closer to da middle of the bend.....and by the way, ever since Dell changed that pic of his to the dog-face things just havnt been "right"!! Just kiddin Dell!

[Al_Dente]

OIL
The oil rout is also “…wreaking havoc on investors in short-term bonds issued by leading banks.”
In 2015, units of BAC, C, CS, GS, JPM, MS, UBS and others “… issued at least 300 “structured notes,” or short-term borrowings, whose returns are linked to the price of oil or other energy-related assets. These securities total at least $1.3 billion.”
This debt is such incredible bullshit, you have to read about it yourself.
They think routine disclosures like “investors may lose up to 100%” makes everything okay.
Bunch of crooks.
To bypass the paywall, click the top story “The Oil Rout's Surprise Victims” here:
https://www.google.com/search?hl=en&gl= ... 1FmsqDKn9g

[Trades with cats]

My twitchy fast chart is trying to break out of the range to the upside for the last 15 minutes, but it is hit selling, again.

[ALdaytrade]

My twitchy fast chart is trying to break out of the range to the upside for the last 15 minutes, but it is hit selling, again.

Yes, my charts gave me a false signal too!

[MrMiyagi]

!!! POWER HOUR !!!

[brokebybernacke2]

2x bottom

bb, that is the level i wait to break and cause a bit of scare..then bounce potential will soon form

[Out of Bounds]

My twitchy fast chart is trying to break out of the range to the upside for the last 15 minutes, but it is hit selling, again.

Yes, my charts gave me a false signal too!

Not so sure it's false

[Trades with cats]

Small Cap buy signal made to the about 5 minute chart (1,200 volume bars).

[Al_Dente]

!!! POWER HOUR !!!

[Cobra]

don't know if it's a double bottom but the rebound shall have small legs at least.

[ALdaytrade]

bonust chart -SPX daily... triangle possibly in play, on support? or a tad lower? otherwise lower red.

fehro, where are we...