01/13/2016 Live Update

[josephli]

"Gandalf" is suggested short the S&P and go long oil read all about it at zerohedge.
Gandalf is on the left."The Croatian duo of doom"

but going long on oil would it be a bigger disaster.

[BullBear52x]

bottom fishing, twice empty hooks

histogram is back negative today.

[MrMiyagi]

nyadv

2192.png (8.63 KiB) Viewed 4149 times

[Out of Bounds]

Some moderation in the selling?

[Al_Dente]

Let’s call it a box, not exactly, but near enough
Box target is black box
If it tests and fails, the bears will think it was a trap and race to close their shorts, and the trajectory will move it up to test the top side of the box (that’s the theory anyway). Watch for possible trap.
Oversold.
This is 30min SSO 2x SPY

[fehro]

SPX

[MrMiyagi]

!!! CANCELLED !!!

[Eddie]

SPX at trendline support

[Al_Dente]

MrM:

[DellGriffith]

News outlets aren't even covering this drop. Not even a byline.

We're down around 2%. We've averaged just under 1% down per day for this drawdown. In 2008, we had some days down 5%-7%.

[Cobra]

members only update at 3:08 pm
http://www.cobrasmarketview.com/2016/01 ... ay-update/

[MrMiyagi]

US Markets closed on Monday, MLK day.

[fehro]

Update on the first, morning chart.. support at this level.. fwiw.. but open gaps a tad lower.. RUT almost fills a 2013 gap as it tags 2013 summer highs, 2013 fall lows… 2013? that's ugly.

[MrMiyagi]

NYDEC at Extreme just under 2700. Typically this is followed by market reversal.
Except when I go long, Then all bets are off.

[Al_Dente]

FAANGT
20 days, % change

[Denali92]

NYDEC at Extreme just under 2700. Typically this is followed by market reversal.
Except when I go long, Then all bets are off.

amazing how that p bar that showed up yesterday at 189.17 was hit today. I saw it, noted it, but really did not expect it to get nailed!

really extraordinary.

-D

[josephli]

NYDEC at Extreme just under 2700. Typically this is followed by market reversal.
Except when I go long, Then all bets are off.

amazing how that p bar that showed up yesterday at 189.17 was hit today. I saw it, noted it, but really did not expect it to get nailed!

really extraordinary.

-D

was there one? i did not see Mr.M's spreadsheet.

[josephli]

Friday opex will be very interesting. big movement very likely.

[fehro]

Friday opex will be very interesting. big movement very likely.

"thinking" bigger move tomorrow?.. and flat Friday?.. as big players take off early for the long weekend.. .. and I shouldn't think about market direction.. Weekly Candle will be a big battle.

[jaijailyc]

Friday is OPEX, players will not take off.