01/14/2022 Live Update

[Cobra]

Possible double bottom.

[BullBear52x]

Last sell, for me, need to see new LL from here, if this sell fails, the day is over for me. sideways range day is the next trading method, which I will not use on Friday.

[BullBear52x]

Projection, Cash SPX, I know, crazy low.

[Cobra]

Members only update at 12:12 pm
http://www.cobrasmarketview.com/2022/01 ... ay-update/

[Al_Dente]

This was yesterday's SPX heat map, with the biggest red boxes (tech) being the largest weighted holdings in SPY, as you know

This is today's heat map, so far

[BullBear52x]

Classical Trend following method. it hasn't failed why think it other wise? today may be but not yet. Keep it simple.

[Cobra]

Possible higher low, once again confirms the low was in?

[BullBear52x]

Possible higher low, once again confirms the low was in?

Bullish pattern has been failing lately boss. take out sell the rip zone then I will believe the bulls, show me the money.

[Cobra]

Now breakdown would be more likely.

[Cobra]

Possible higher low, once again confirms the low was in?

Bullish pattern has been failing lately boss. take out sell the rip zone then I will believe the bulls, show me the money.

Right, bull biased no longer work those day. But I just called breakdown likely, let's see whether bear pattern works or not? Suspect it's just a range day so the breakdown if indeed, might not go far.

[Al_Dente]

When just 20% of stocks are advancing, that's oversold.
SPY can go lower, but it is entering the bounce ZONE (see lime boxes).
60m

[BullBear52x]

Possible higher low, once again confirms the low was in?

Bullish pattern has been failing lately boss. take out sell the rip zone then I will believe the bulls, show me the money.

Right, bull biased no longer work those day. But I just called breakdown likely, let's see whether bear pattern works or not? Suspect it's just a range day so the breakdown if indeed, might not go far.

I am looking at over night low for any sign of reversal. breakdown and quick reversal and stay up, Bears need to be careful to hold on. rip your face off warning if so.

[Trades w 2 Cats]

Gave up on footprint chart again. Just can't easily read it. Trying out "Think or Swim" color combos. Former Chicago floor trader with a really long thread over at Futures IO really like the Klinger ossilator so why not see what it does, right. It is saying we are oversold and due for a bounce.

Going to spend the long weekend thinking about whast could be next now that my "Banks hit earnings home run" idea has failed.

Personal note, Daughter has a good friend who is a Pulmonologist. She has 14 ICU beds, lost 7 of her patients this week. Sure hope the forecasts that this will start going away by the end of the month come true.

Have a good three days off!

[BullBear52x]

Falling wedge is in play now. But it is Friday, Peace!

[JFR]

SPY 5. All is quiet.

Have a good weekend, Everyone.

Thanks for hosting us, Cobra.

[Al_Dente]

Putin thinks oil will go to $100 bbl. "That is quite possible."
Additionally, Trafigura, one of the world’s largest independent oil traders, affirmed Putin's thinking [CNBC]
WTIC was $82 bbl last night

[Al_Dente]

INFLATION
"Fed Chair Jerome Powell is a big believer in inflation expectations. So were previous Fed Chairs Janet Yellen and Ben Bernanke.
It is all part of the groupthink nature of the Fed.
Monkeys and astrologers would be right half the time, far better than the Fed ... because they do not have the Fed's ego and bias.
https://mishtalk.com/economics/astrolog ... orecasting

[Cobra]

As I said, it's a range day so the breakdown wouldn't go far. Now testing the range high, let's see whether bulls can finally make a breakout and whether the breakout can go far this time.

[Cobra]

Members only update at 3:40 pm
http://www.cobrasmarketview.com/2022/01 ... ay-update/

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2022/01 ... ay-update/