01/26/2016 Live Update

[fehro]

SPX.. tests support hourly candles not that pretty..

[Cobra]

double top?

[Out of Bounds]

Closed short

[te_fern]

Bears really need to break below minimum 1890 for the potential double top setup then can backtest lower supports. Currently, 1HRR 20EMA = 1881

Or else, bulls keep grinding higher like clockwork till EOD.

Welcome back Unique!

[BullBear52x]

Why this buy is important? new HOD will clean out most short term and mid term stops.

lets do it bulls.

[fehro]

TLT new HOD .. volume low.. but green TLT, green SPX. a tad suspicious. Also GLD new HOD

[DellGriffith]

daily SPY:

It seems that MACD bullish crosses come with huge gaps up or massive rallies. The October 2015 bullish cross came with a rally from 188 to 193 SPY in one day plus a gap up. We went from 188 to 197 in two days.

[fehro]

@ 1122.50 - /GC going for the 10month sma @ 1127.20 only $5 bucks away, 200d 1134.20 - $12 bucks

[BullBear52x]

Chart for the road: As always, the overbought is high enough it will be a real buy to support breakout if it comes. for now, no breakout this is just another short term dead cat bounce over bought and should be sold into. Peace!

[DellGriffith]

Now it feels like we're building a dome on the day. Heading back down.

[nikman]

BB52x, it can still break out today since 90 minutes and power hour are still there. What makes you think it won't? Sorry if this is a stupid question, but I am still trying to learn. Thanks.

Chart for the road: As always, the overbought is high enough it will be a real buy to support breakout if it comes. for now, no breakout this is just another short term dead cat bounce over bought and should be sold into. Peace!

[BullBear52x]

BB52x, it can still break out today since 90 minutes and power hour are still there. What makes you think it won't? Sorry if this is a stupid question, but I am still trying to learn. Thanks.

Chart for the road: As always, the overbought is high enough it will be a real buy to support breakout if it comes. for now, no breakout this is just another short term dead cat bounce over bought and should be sold into. Peace!

show me the money, buy breakout if so.

[Out of Bounds]

Bull Flag?

[Denali92]

Given the less than strong turning points edge for tomorrow's FOMC, the preview is just posted here:


https://pugsma.wordpress.com/denalis-tu ... ints-2016/


Bottom Line

The market is challenging and has changed character. It is best to keep your risk under control and be flexible in one’s market view. While there is likely to be some significant volatility post the FOMC announcement, the first week of February may provide a better sense of the market’s next direction.

If the market rallies through the FOMC in to next week, there could be a significant top (like in 2008) or a rally continuation like was seen in 2011, 2012 & 2013, but if the market reverses and falls in to next week (like in 2009, 2010, 2014 & 2015), then a significant bottom is likely.

-D

[Al_Dente]

AFTER HOURS

[fehro]

. fwiw AAPL W compared to CNYUSD - china$/US$ .. think cost in China have a say in AAPL sales? maybe on outlook.. Earnings AAPL EOD

[Trades with cats]

The given trigger for this bounce has been central bank jaw boning. Hey it has worked for a number of years so why not. Well Deutshe Bank told off the ECB today claiming that any more printing will cause markets to fall. China has found an official scapegoat for their dubious economic numbers which opens the door to massive revisions. BOJ is doing nothing. Market already says Fed down to two rate hikes this year at best. I just don't see any re-ignition of a major rally out of tomorrows FOMC statement. I am leaning the other way because we all expect uber dovish. I am looking for more negativer rate chatter.

[Al_Dente]

now who’s your daddy?
(oversold)

[Unique]

AFTER HOURS

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[Jennyahwu]

do u buy apple thanks

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