01/16/2014 Live Update

[Cobra]

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NORMALLY the pullback would be bought.

[koolblue]

i have a short term cycle low today around 10:45 give or take...

[KeiZai]

GM here is my da game plan (scalp)

I am long already viewtopic.php?f=2&t=1181&p=152188#p152188

[Cobra]

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

[gappy]

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Vote Cobra. glta

[Al_Dente]

CPI reported flat at 0.1%
C earnings missed: 0.82 vs estimate 0.98 cents pr shr (trading down pre-mkt)
GS beat eps = 4.60 vs estimate 4.10
SCHW beat eps
BBT beat

Bernanke speaks at 11:10 a.m. ET
After the close, eps due from AXP and INTC

[Al_Dente]

Also UNH (a dow 30 stock) beat eps by one penny

[johnnywa]

Trannies off and running again,not good sign for bears

[DellGriffith]

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Vote Cobra. glta

Great chart. There is an "accepted" definition of a recession as 2 consecutive quarters of negative growth. That feels like an arbitrary definition to me. I prefer to define a recession as a period of negative real rates. The reason is negative real rates ONLY occur when an economy is sick. Instead of calling our current condition an economic expansion, it would be more precise to call our current condition a "stimulated economy" because if a fair interest rate was paid right now, our economy would IMMEDIATELY slide back into recession. So that's really where we are. We are in a recession.

That chart says we've been in a recession since 2000, which feels right. We've had a couple stimulated economies since then, but no true economic boom. The Great Recession started way way back...in the Clinton years!

[fehro]

SPX 5m.. debatably sloppy H&S.. red channel, fill gap?

[Cobra]

Double Top text book target.

[fehro]

SPX 60m

[BullBear52x]

SPY intraday = Buy

gap support here. if weak and flat all day today a possibility of reversal island tomorrow is possible ( wishful thinking)

[fehro]

VIX 15m... at resistance.. needs to break out for invs H&S

[gappy]

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Vote Cobra. glta

Great chart. There is an "accepted" definition of a recession as 2 consecutive quarters of negative growth. That feels like an arbitrary definition to me. I prefer to define a recession as a period of negative real rates. The reason is negative real rates ONLY occur when an economy is sick. Instead of calling our current condition an economic expansion, it would be more precise to call our current condition a "stimulated economy" because if a fair interest rate was paid right now, our economy would IMMEDIATELY slide back into recession. So that's really where we are. We are in a recession.

That chart says we've been in a recession since 2000, which feels right. We've had a couple stimulated economies since then, but no true economic boom. The Great Recession started way way back...in the Clinton years!

Thanks. Was reading somewhere that there is a huge unsold inventory build-up at car dealerships that the manufacturers count income/sales accrued.

[koolblue]

Wow. Sold that pop up to my 1840.50 number and just covered 1836.50 cause i wanted out ahead of 1835.75.. My lucky day i guess.. i will try a buy scalp either at 1835.75 or 1833.75 depending on when (and of course if) it occurs...

[fehro]

SPX 5m * added blue channel

[BullBear52x]

To da moon KeiZai.

[BullBear52x]

a second run on AAPL

[Cobra]

back to resistance area. Fib 61.8% of the double top text book target was fulfilled, that's good enough for double top.