01/08/2016 Live Update

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2016/01 ... ay-update/

[champix]

GM,
Looking at european indices : French CAC40 and German Dax reached the 61.8 Fibo from the huge rally back to october 2014 (Draghi QE).
Eurostoxx50 (50 european big caps) at lower side of the red channel, so maybe a bottom in near in Europe.
Looking at ES longer term, I will need about 1915 level (red circle) to go long.
Well time will say.
Good trading.

[Unique]

Stopped out ES 15m 20EMA rejection. No major support until 1934.5

[fehro]

SPX testing morning gap

[josephli]

TLT strong push up. bet morning gap will be filled.

[fehro]

INDEX days.. RUT weak.. new LOD, takes out yesterday's LOD

[finman66]

Nearby SPY p-bars residing at $193.54 and $190.86 from Oct 29 and Nov 11 respectively

[josephli]

USD rebound, TLT retreat. no direction.

[fehro]

VIX minor H&S neckline LOD. measured move -3 target 18 = sharp pop in SPX/SPY… if it plays out ( not marked on chart .. but you get the idea)

*SPX morning gap still not filled

[uempel]

Great charts, thanks Champix. As to your ES trade suggestion at 1915: long term charts are spitting out tons of negative info, I'm not playing the long side, neither in Europe nor the US (except perhaps intraday). For me it's easier to make money with the trend.

You must have seen that Coppock chart I showed yesterday, here again:

GM,
Looking at european indices : French CAC40 and German Dax reached the 61.8 Fibo from the huge rally back to october 2014 (Draghi QE).
Eurostoxx50 (50 european big caps) at lower side of the red channel, so maybe a bottom in near in Europe.
Looking at ES longer term, I will need about 1915 level (red circle) to go long.
Well time will say.
Good trading.

[daytradingES]

9:33 AM 1/8/2016
sim trade
Dir 1
Range est 36.00
cabb,V,C

[josephli]

VIX minor H&S neckline LOD. measured move -3 target 18 = sharp pop in SPX/SPY… if it plays out ( not marked on chart .. but you get the idea)

*SPX morning gap still not filled

market may also choose to compress volatility (small rise + range consolidation) that cause VIX to drop without big pop in SPX/SPY

[josephli]

IWM break down.

[Daniel]

Out of about 20 ETFs, across markets, that I widget-track, only two are currently green since the Open. QQQ, TLT... and they are just barely positive.

[Al_Dente]

Blue Box target is 190 ish
But oversold bounce is due
Last oversold bounce was shallow as we all know
60min

18oversold 60m.png

[Daniel]

SMH, ITB fresh LOD

[Al_Dente]

Internals had a bullish edge at the open, then gave it away
Now chop/range anything can happen:
Advancing stocks are 0.8 x declining stocks
Advancing volume is 0.7 x declining volume
Declining stocks are 1.2 x advancing stocks
Declining volume is 1.2 x advancing volume

“Until there is a breakout, there is no breakout.” [Al Brooks]

5min

[BullBear52x]

A trade lower than open from here signals the first counter trend buy is failing.

[Al_Dente]

A trade lower than open from here signals the first counter trend buy is failing.

hi boss happy new year

[fehro]

VIX daily.. hmmm saying a possible big shock is close.. invs H&S … fwiw…