01/22/2014 Live Update

[uempel]

GM,


DAX is in the rectangle still could be a wave4 but DAX loves this kind of distributions with breakdown (see august) so we have to wait and see

The attachment DAX-rect.png is no longer available

To the ES: 1-2 count was invalidated so it was an ABC, there was a reaction off 50back so bulls are not looking bad in ST, but I am neutral viewtopic.php?f=2&t=1186&p=152561#p152561

DAX: Toppish area, but a last (futile) dash up to 9999 might be in the cards. Breaks out of this grid occurred quite often...

[fehro]

VIX 15m.. could be a little yellow H&S for the bulls.. calls for new lows for the VIX! .....if not.. watch the green channel

[koolblue]

HERES A VERY SHORT TERM UPDATE... QUICKLY HEADING FOR OVERSOLD...

[Mr. BachNut]

Net long. Holding longs and shorts. No change.

My summation signal is down. A good day today could flip it neutral.
My composite trend signal is up.

Still in the chop zone.
We have been in this long enough where a fair bit of energy should be accruing to power a move.
Perhaps the bull is tired and needs to rest longer before trotting further, or perhaps the bull is just hanging on and could lose its grip.
I don't know.

My signals remain conflicted. Under the hood though, things improved yesterday.
If things improve more today, I'll be inclined to tilt my juggling positions more bullish.
If they don't improve, I'll do nothing or go with the flow.

[uempel]

Update SPX:

[Cobra]

range, nothing to say, wait.

[fehro]

SPX 5m another look.. bearish rising wedge for the bears.. green channel, cyan consolidation for the bulls

[fehro]

VIX 15m.. right shoulder in .... break yellow neckline look for a pop in the indexes...

[Cobra]

bigger range, still no clue.

[koolblue]

Shorted the usual 2 es at 1839.25... update

[jungle trunks]

Nice analysis by you in next day edges last night Cobra, appreciated racer's comments as well. Was reviewing XRT over a multi year period, I noticed money flow out of that etf is at its worse since inception. I intend to keep a close eye out on that one

[fehro]

VIX heating up.. so much for the H&S.... could see a pop up in the VIX near here.. at resistance..

[fehro]

VIX daily

[koolblue]

just covered my short at 1837.50.. its just gettin too late and a win is a win... Also were oversold on my charts up to the 30 min so its no longer worth the risk ..

[fehro]

SPX 5m.. possible minor H&S

[fehro]

SPX 5m..

[champix]

breakout on nasdaq (here mini nasdaq future)

[fehro]

RUT, TRAN, new all time highs, new multi year highs COMPQ, ... SPX lags.. and DOW under it's 20d SMA

[Cobra]

C&H, so bias is up?

[Cobra]

members only update at 1:01 pm
http://www.cobrasmarketview.com/2014/01 ... ay-update/