02/07/2014 Live Update

[Cobra]

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Don't know what pattern it is now, the Double Bottom target has been met and now it's resistance area and Fib 50%.

[fehro]

SPX 60m, 5m... pop up to resistance.. 1780-1785ish

[fehro]

http://www.investing.com/economic-calendar/

[gappy]

Vote Cobra. glta

fx.PNG

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/02 ... ay-update/

[koolblue]

When this rally began i said to watch 3 targets...1766.75 which gave a small reaction, 1775.00 which gave a large reation and the 1787-88 area (missed by a handle?) .So understanably im a little leery of the continuation of the rally.. it should be an interesting day to say the least!

[uempel]

Cycle ...

[koolblue]

just covered my one contract long at 1778.50, tried told for 1779.00 but im too skittish... up 6.75 handles today so thats probably it for me. Now i can be an interested observer!..Good trading boardies!

[Al_Dente]

"In the week ended February 5, investors staged a historic move out of stocks and into bonds. Bond funds received $14.8 billion in inflows, while equity funds suffered $28.3 billion of outflows — both record figures."

[Cobra]

members only update at 9:37 am
http://www.cobrasmarketview.com/2014/02 ... ay-update/

[fehro]

SPX 5m.. possible green channel resistance / cyan neckline of an invs H&S

[fehro]

SPX 60m

[fehro]

VIX 15m.. messy H&S target hit... possible support on orange channel

[Cobra]

members only update at 9:53 am
http://www.cobrasmarketview.com/2014/02 ... ay-update/

[fehro]

COMPQ/NDX dailies.. tagging 50d SMA... VIX tagging 20d SMA

[uempel]

Chart tell us two things:

A) 1789 might be today's SPX top

B) good time signal for next Tuesday (biggish move either up or down)

[Mr. BachNut]

Neutral. Closed short hedge pre-market flat. Closed long near the high for loss a few minutes ago.

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

My positions are all closed, and I am starting the weekend now as far as equities are concerned.
The profit on shorts closed yesterday offset the loss on longs closed today. So, I managed to end the campaign with a profit.
Nonetheless, the discipline breakdown violating my stop some days ago cost me a chunk. Leakage is a bitch.
I think there is more upside in equities into next week (could be wrong), but I really needed to close out those trapped longs.
They have been weighing on me psychologically, and the position was outside my setups and against my signals.
I can now approach next week fresh.

Next week could be very interesting.
Seems like folks are taking the poor jobs report to mean more QE and less taper.
Could be. Janet speaks on Tuesday (I think) and perhaps she will tell us.
However, given all the QE so far, the results this morning suggest maybe they should think up a plan B...

[uempel]

Thanks BachNut, Janet speaking on Tuesday? I've got a time signal for Tuesday

[fehro]

SPX 15m.. NOT 5m.. sorry been calling this chart 5m... need more coffee!!

[Al_Dente]

...... need more coffee!!

try Green Mountain