01/29/2016 Live Update

[Wallstreetrader]

Another sideway day...

Looking for 1925 for open pos.

[Daniel]

Sectors scurrying all over the place.

Dramatic reversal-- Broker/Dealers now leading to the downside, near LOD! Silver, yen HOD! But SPY, SMH, homebuilders all lurk near their HOD.

Must be lots of little micro bonus-chasing events by large traders. In other words, sound and fury but signifying little.

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Another excellent post Mr. B, although as usual you are far too hard on yourself. Nobody is neatly "exiting or entering" any position in this multimonth chopfest.

[jademann]

One little wrong side trade... bang 1 years gain lost..

[uempel]

Time signal on the 60 min SPX was at 11:00 a.m. ...

[Al_Dente]

Five+ days of choppy chop
Twice backtesting the inverse H&S was not encouraging, but SPY held twice and formed a double/triple bottom
She should be able to bust through resistance here
Overbought could persist another day, possibly two
If she fails, I’ll call it a BOX and treat it like one

[fehro]

SPX at the gap again.. .. stalls again….double top? ... need more time… to assess … VXX weak.. AAPL weak.. TRIN pullback but > 1.0

[fehro]

TLT new HOD + 1.46 1.16%

[BullBear52x]

CCI 144 focus, not all that exciting, bulls need to do more to get out of this hole longer term.

[Cobra]

i don't believe it's double top but i certainly don't like this pullback happens too often for a strong uptrend day.

[BullBear52x]

This chart show how much MACD can push up during CCI embedded, not much on the first trial.

[BullBear52x]

Here is bottom I'd like to see, no new LL on the next pull back and when MACD histogram turns up it will be time to sell the kidney or second a mortgage to do it.

[BullBear52x]

short term intraday

[Out of Bounds]

Weird janking moves. Sold longs.

[Cobra]

triangle. nowadays mostly reversal pattern.

[Al_Dente]

Adding correction, clarification:
“”””Overbought could persist another day, possibly two””””
Should read “overbought could persist today, possibly through tomorrow” before a bit of a pullback
60min

[fehro]

SPY 5m.. bull flag.. SPY 20d 192.07 - SPX 20d getting closer… curving down .. now at 1923.62.. close enough for a gap fill tag

[BullBear52x]

Adding correction, clarification:
“”””Overbought could persist another day, possibly two””””
Should read “overbought could persist today, possibly through tomorrow” before a bit of a pullback
60min

For long term overbought it could run up more until RSI 5 hits 70 then another long term sell will kick in.

[Al_Dente]

USO bad but still at “back-testing breakout” level
Will SPY follow?

[Daniel]

IWM w multiple 15min topping tails at that clear 101.50 resistance level. Now well off its high.

[brokebybernacke2]

Time to pounce?
This market ripe for some moves. Next 7days new month see 1800 sp threat low Miyagi pbar. and then major bounce. This not major move up yet too weak imo... uempel "violence" . Head fake.1st then.. Positioned..have a great weekend!