01/03/2014 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

========================================================================================================================================================================

Typical reversal pattern after the 2nd test, let's see if bulls could make a double bottom here targeting 1838.50.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/01 ... ay-update/

[joegamma]

good morning boardies, everybody stay warm!
30 min smalls look to grind higher?

2hour, possibly fail on upside a retest of lows monday before tuesday pomo?

GLTA and thanks Cobra!

[Cobra]

members only update at 9:39 am
http://www.cobrasmarketview.com/2014/01 ... ay-update/

[maldini]

Morning, Cobra.
Don't know how to trade today. Will sit back and watch mostly

[Cobra]

the bias is up.

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2014/01 ... ay-update/

[fehro]

SPX 15m .. moment of truth for H&S.. mind the open gaps below....if it plays out..

[Out of Bounds]

At current levels, Snog turns red. Not confirmed until after close and even then it is good to see next day's open.

Gone for the day - Still short from much lower levels.

[maldini]

Ha, I was trapped too.
Should have stayed back

the bias is up.

[Mr. BachNut]

Neutral. No change.

My summation signal is up.
My composite trend signal is up.

A little technical damage yesterday but not too bad.
I am inclined to look for a stop run below yesterday's lows or a test of yesterday's lows for a dip buy.
Otherwise, I'll stay neutral for now and see how the signals evolve.
Other markets appear more interesting at the moment.

[fehro]

VIX 15m... sitting on the bottom side of a possible minor orange triangle... or may head lower to make a more symmetrical invs H&S ?

[KENA]

Utilities are weak so far today..Weak utilizes = weak mkt..Bulls hope is that they can keep them up into the 480's +...Lets see

[fehro]

the NDX big four.... 60m... AAPL looking weak..

[fehro]

AAPL 60m... lower red line (bigger bearish rising wedge) is key.. break that ... look out below.

[Cobra]

H&S top?

[fehro]

AAPL monthly... fwiw. way too early in the month.. but under 538.80... cuts below Dec lows...

[Cobra]

H2. let's see if bulls could make a good rebound here. failure would be real H&S top.

[Cobra]

failed h2 means H&S Top, now almost at target.

[fehro]

looking to fill the morning gap.. possible support on the channel.. if not neckline.. if not ... look out below SPX 15m