10/23/2015 Live Update

[fehro]

SPX green, VIX green.. looking to cover partial shorts on next spike down

[Unique]

Bull train employees: This is your 1HR 20EMA 2057 BTFD day trade for usual risk 3 for 10 ...if you choose....

[Unique]

Fib number still play a major role.

Boss, that's where my ES target is

[Cobra]

channel lower boundary and vol surge, let's see any rebound here.

[ALdaytrade]

Fib number still play a major role.

That would be a very nice place to get to today (2042ish), as tomorrow it could go back up to (2055ish) to form a H&S pattern.

[Unique]

Bot some VXX 20 calls

VXX Nov 20 calls - take 1/4 off at 1.30. Target still remains at 1.50. Start trailing. Up 30-35%

Out 1/4 VXX Nov 20 calls @ 1.2, couldn't make it to 1.30

[BullBear52x]

Bigger picture, resistance is very important here but as always I will keep an open mind that all supports and resistances are meant to be broken.

[Daniel]

Consumer stuff, transports, housing, midcaps esp. weak; semis and reg banks pockets of strength.

All VIX and safe haven areas (except Yen, importantly) very strong.

Note how SLV and GLD are gaining RS today, even as UUP keeps hitting intraday highs...

[fehro]

Consumer stuff, transports, housing, midcaps esp. weak; semis and reg banks pockets of strength.

All VIX and safe haven areas very strong.

Note how SLV and GLD are gaining RS today, even as UUP keeps hitting intraday highs...

$USD up against downtrend.. reverses here.. "possible" red descending wedge.. should it press down to Aug lows.

[Unique]

ES 15min hanging man....bears THIS IS make it or break it. a 15m follow thru here would make it an hourly bear reversal continuation below 1HR 20EMA

[Denali92]

Day trade: Took profit covered 1/4 at 2057.00 as explained in plan from a few mins ago

Nice trade - you are hot! Not sure you would have gotten the 2056.75s

Well done....

-D

[josephli]

IWM new LOD. Need to see next up leg.

[Tutti]

All GURUS,

Can anyone/everyone be kind to provide their view on :

What if we drop to 2030 by end of the day, will that cut the expectation of going higher high? Will that count as reversal and hint that market is going down?

Thanks

Not a guru by any stretch of that definition and not answering your question, but adding one to it: if the whole we can't cut rates bc it looks like we are entering a bear market argument is now dead and the market is up 10% for the month and companies like GOOG and AMZN are swimming in $$$$$$, how can the Fed argue against not raising rates? Everything is so great, why would the Fed be worried about a 1/4 point increase? Seems like an increase is imminent to me.

Most economists estimate it will be December. Though market think differently. The problem here is ECB hinted further QE later this year (DEC), a rate hike by the fed will strengthen the dollar further. That does not help the economy. Plus the tightening and low commodity price, it might cause deflation.

is a 25 basis point increase really going to cause deflation? Market participants seem to be pretending a quarter point now == 2500 basis points. Also isn't their decision data driven? If so, what the ECB or China does near-term probably wont have enough time to impact a December decision. Or am I wrong- headed here?

If they cut regulations on businesses, they can hike interest rates up to 5% and not get deflation. Cutting regulations is powerful stimulus that would overpower any deflationary aspect of higher rates.

No way current players cut regulations. Unfortunately they can't seem to agree on the color of the sky or the grass...Hell in a few more days we'll start worrying about debt ceiling again as that political nonsense begins anew...

Separately, wouldn't hurt to see some real stimulus like the old Build America Bonds and real, large & important federal infrastructure projects get launched. Putting men to work > companies buying back stock bc money is cheap.

PS I'm trying my best to help get us to at least 3sigma over the mean page count

[Unique]

ES Stop set at BE 2061.5 for the rest. Bulls too good at sticksaving 20EMA. This is probably LOD formed if I get stopped....

[Unique]

Day trade: Took profit covered 1/4 at 2057.00 as explained in plan from a few mins ago

Nice trade - you are hot! Not sure you would have gotten the 2056.75s

Well done....

-D

Much thanks

[Cobra]

members only update at 11:58 am
http://www.cobrasmarketview.com/2015/10 ... ay-update/

[Unique]

If break 1HR 20EMA decisively here with conviction and we get a may get confirmation of the ES 2035 target. Key time both sides

[fehro]

SPX nears green channel.. a break into the morning gap.. 2050 key.. anything lower could get messy very fast.. doubtful for Fri..

[MrMiyagi]

WE'RE
NEVER
EVER
GOING
DOWN
AGAIN!!!!

[BullBear52x]

Learn to let it runs: no new HH jut let it runs, yes, bull flag, yes, intraday is bulls day, but LL is still there to be.