02/03/2014 Live Update

[Mr. BachNut]

Neutral. Lowered stop on shorts.

My summation signal is down.
My composite trend signal is down.

Looks like another battle for the December low.
VIX above 19 now, which is bearish IMO.
I keep watching the Dow hourly to tell me when the short term down move is ending. Not yet.

I was happy to sit last week out neutral given all the gyrations.
I got an oversold read on my summation model last week, which suggests this move may be concluding soon. (no comment on what price)
At some point this week I may end up long, but it will be to capture some spread on a bounce.

[Junior Buffett]

VIX weekly

Hi Fehro,

can you please post next resistance for VIX for short term? and based on chart I see VIX can hit $ 20, do you see same?

Thanks

[fehro]

SPX daily... support on blue/red dashed.

[fehro]

VIX weekly

Hi Fehro,

can you please post next resistance for VIX for short term? and based on chart I see VIX can hit $ 20, do you see same?

Thanks

bhere's my messy charts.. need to clean them up... looking more at the daily but seems could go a little higher VIX 15m, 60m

[Cobra]

members only update at 10:28 am
http://www.cobrasmarketview.com/2014/02 ... ay-update/

[koolblue]

Cash spx has now violated its "line in the sand" at 1767.99! wow!..that means the scenerio i laid out in the weekend update just went way up in probabilities. It also means this thing is free to turn and pursue the rally thats due at any time. Do they go all the way to 1750-52 first?

[Junior Buffett]

bhere's my messy charts.. need to clean them up... looking more at the daily but seems could go a little higher VIX 15m, 60m[/quote]

Thanks Ferro! much helpful...cheers

[Mr. BachNut]

Cash spx has now violated its "line in the sand" at 1767.99! wow!..that means the scenerio i laid out in the weekend update just went way up in probabilities. It also means this thing is free to turn and pursue the rally thats due at any time. Do they go all the way to 1750-52 first?

All sell stops below the December low are getting cleared out now.
I am wondering what the margin clerk is up to. Should know by the close.

[Cobra]

members only update at 10:42 am
http://www.cobrasmarketview.com/2014/02 ... ay-update/

[fehro]

SPX 5m.. retesting pink triangle breakout.

[Al_Dente]

VIX descending-triangle target is about 22.50
But October’s double-top resistance may cause a pause

[Cobra]

members only update at 10:54 am
http://www.cobrasmarketview.com/2014/02 ... ay-update/

[Mr. BachNut]

Gulp.

On the big Dow megaphone with ascending wedge chart, an important juncture appears to have been reached.

[Cobra]

2nd test of day low, key time.

[fehro]

SPX 60m.. now lower low.. MacD lagging.. so possible divergence starting to set up...

[uempel]

Looks bad

[fehro]

getting closer.... SPX daily.. below blue.. look for dashed green, grey.

[Al_Dente]

Domestic banks performance, 2 months

[Al_Dente]

broke the "box"
SPY target about 174
positive divergence [edit: RSI-14]
bottom panel shows 1/TRIN selling pressure

[koolblue]

I'm killing em today...lol..heres an update...