01/16/2015 Live Update

[Cobra]

vol surge, hopefully a round here first, then we'll see. strong rebound would be good for bulls.

[fehro]

INDEX days

[fehro]

bulls definitely do not want this candle by the end of day.. SPX weekly.. but should it stick.. lower green channel ~ 200d

[Out of Bounds]

Biotechs are running nicely if anyone wants to play the scalping game.

[Cobra]

very good. good chances the low was in for today.

[fehro]

SPX did make a slightly lower low which is good.. still a tad messy.. VIX holding initial support

[fehro]

Biotechs are running nicely if anyone wants to play the scalping game.

but wouldn't want to hold them over the long weekend!… topping candle.. on the weekly.. need to see it at the close…

[L_T]

You don't see this often: on freestockcharts these are the leaders in the S&P 500---all energy names.

[zudec]

Make note:

Monday is market Holiday - both stocks and bonds

[fehro]

2000 level seems key.. possible messy descending triangle/double bottom?.... still mixed picture.. over 2000 bulls have a chance… break the lows?.. 200d?

[Denali92]

Looking to get long next week as well, though today could have been the low too.

I posted an opex update earlier today. Sorry for not pointing to it earlier.

http://www.cobrasmarketview.com/2015/01 ... wn-5-days/


regards,

-D

This correction has grinded for about 3 weeks and my bias now is that it is coming to a close soon. We're just running out of room on the charts I use. These charts aren't price but some oscillators, etc. So...we could still have a capitulation next week with a large price drop.

However, I expect I will throw long next week at some point.

[BullBear52x]

don't know why, looks like maker will going on a positive note this weekend. well, show me the money.

IWM is at major support level.

[Heck]

ISE 135% INDEX opening long undervalued calls/puts = buying stampede

[Al_Dente]

spy iwm qqq 60min

[fehro]

don't know why, looks like maker will going on a positive note this weekend. well, show me the money.
IWM is at major support level.

$RUT weekly 20/50w SMA.. major support.. but.. red line is the spike lows from the 2009 lows.. wedging sort of.. could make a few more bounces with in it.. daily.. also diamond.. break the 20/50 then could see sharp roll over..

[fehro]

SPX

[BullBear52x]

Intraday active trade got one more sell, this will be last sell, I want to see it fail but per my usual, one step at the time.

[fehro]

/es 60m… key resistance… maybe a tad higher.. pink.. a little fake out

[Out of Bounds]

Sold my biotechs (NVAX)
I am out. See you guys later. Enjoy the long weekend.

[fehro]

big block trade on AAPL 15m.. 10m @ 106.54