02/04/2016 Live Update

[brokebybernacke2]

uempel
good mornin, aany time on those 2 ellipse moves?

[Trades with cats]

To me when Da Boyz were in control every round of overnight selling was met with determined buying before the traditional open. So when I see the small caps go straight up for 10 points on no good news with no red bars I assume someone(s) with a big account needs a green or close to it open. I also am thinking that since the January jobs report (the big one) is more seasonal adjustment than raw number this month because of the usual post Christmas layoffs, it could be hard to predict. Second, I assume poor is good, adding teeth to the Dudley comments, but bad would be bad (Fed losing control) and good would be bad,(Fed rate hike back on track). So if I am trying to liquidate without crashing the market (like most of the Hedge Funds are) maybe today is my last best chance to unload, with a bonus day tomorrow if jobs is only poor. I mean how many more times can they use the Reuters cattle prod on the oil shorts before they stop covering and the whole market joins High Yield credit and banking?

[fehro]

VIX spikes to about 23.25. intra day… still battle at the 20d 1904.62

[brokebybernacke2]

this is grreat headline
http://www.cnbc.com/2016/02/04/tom-lee- ... ke-it.html

[josephli]

Note USDJPY fast approaching neckline

[josephli]

To me when Da Boyz were in control every round of overnight selling was met with determined buying before the traditional open. So when I see the small caps go straight up for 10 points on no good news with no red bars I assume someone(s) with a big account needs a green or close to it open. I also am thinking that since the January jobs report (the big one) is more seasonal adjustment than raw number this month because of the usual post Christmas layoffs, it could be hard to predict. Second, I assume poor is good, adding teeth to the Dudley comments, but bad would be bad (Fed losing control) and good would be bad,(Fed rate hike back on track). So if I am trying to liquidate without crashing the market (like most of the Hedge Funds are) maybe today is my last best chance to unload, with a bonus day tomorrow if jobs is only poor. I mean how many more times can they use the Reuters cattle prod on the oil shorts before they stop covering and the whole market joins High Yield credit and banking?

I see. the market up move looks a bit sketchy in my book, since USD being duped during last couple of session. I would need to see whether there will be good set up today. but again, if USD turns around then we might have a very strong bull.

[Royal Flush]

Wedge broken TL was back tested last night.

[Cobra]

100% mm. at least this bull shall have legs

[fehro]

SPX/IWM new HOD, takes out yesterday's HOD… NDX lags.. VIX still green .hmmmmmmm

[brokebybernacke2]

DAX don't like Duetsche

[josephli]

everything seems turn around, breadth, forex.

[uempel]

1 min SPX:

[BullBear52x]

SMH holds in range (52 wk range) because INTC found support.

Look at INTC range, it's last stand just like AAPL, lots of air CCI long term is not healthy.

[superxy]

HI Cobra,

You forgot to mention morning hollow red bar?

[fehro]

SPX possible some resistance. here..

[Trades with cats]

ES stopped 0.5 short of overnight high of 1922.25. Sticking to my story that Jobs report needs to be goldilocks (just right) or this is Umpels kiss good by.

[uempel]

uempel
good mornin, aany time on those 2 ellipse moves?

Red arrows were the entry points. For selling check SPX resistance at 1927 (kiss) and at 1945/50. A break of 1945/50 is very unlikely. But should 1945/50 break there would be a huge, huge squeeze.

[josephli]

uempel
good mornin, aany time on those 2 ellipse moves?

Red arrows were the entry points. For selling check SPX resistance at 1927 (kiss) and at 1945/50. A break of 1945/50 is very unlikely. But should 1945/50 break there would be a huge, huge squeeze.

n.png

can't agree more.

[BullBear52x]

For the clockwork, intraday trend is up, dip will be bought (TSI is key until it fails )

[BullBear52x]

Just so you know, on the other corner we look at DBA. and it's a buy rating.