02/10/2016 Live Update

[Wallstreetrader]

ups, 57 cannot be break otherwise...

[Al_Dente]

5min FAANG

[rhight]

A bullish outcome would have SPX close above the 5 DMA (about 1875), then gap above the 20 DMA tomorrow. But then, immediately conk its head on the down channel from the 12/29 hi. Of course, that would require a hard reversal right here at the gap.

[BullBear52x]

It's like Bronco took out Panthers.

[fehro]

SPX daily not pretty

[BullBear52x]

I am not bearish into tomorrow. this dip as long as it stays above 1835, I will find excuse to buy intraday.

[TraderJoe]

BULLBEAR, it worked. Market did move down..

[BullBear52x]

BULLBEAR, it worked. Market did move down..

congrats, today is not easy trade for me.

[TraderJoe]

I only made a dime on each option BUT, it's better than loosing

[Wallstreetrader]

miss these

[brokebybernacke2]

SPX last hour another inverted hammer… VIX tags support.. SPX 5m neckline/triangle retest.. or the triangle just expanded a tad.. still have gap material for tomorrow

fehro, larger /longer term pic of your lower RT chart...still got churn time...vix will blow once she goes..

[Al_Dente]

This is a horror story called “Closing the Gates.” But don’t worry, it can’t happen here, ummmmm, it’s different this time…… everything is fine……

“…the latest hedge fund to liquidate is London-based Warwick Capital, which was founded in 2010 by former Polygon executives ……… and which according to its website had $900 million in AUM [assets under management] most recently.”
“…"the fund’s remaining assets — encompassing debt and equity positions … are too illiquid to be sold right away."
Mark to market:
“The real problem is that Warwick Capital had marked these bonds at ridiculously high levels and had refused to mark them lower to follow the declining overall market. As a result, Warwick's LPs have been given flawed information about the true value of their holdings, which are based on bond prices which may never be seen again.”

http://www.zerohedge.com/news/2016-02-1 ... -liquidate

[MrMiyagi]

SPY $185.33 hit.

[rhight]

I am not bearish into tomorrow. this dip as long as it stays above 1835, I will find excuse to buy intraday.

I'm thinking of trailing a long on this swing down. Sometime tomorrow or the next day . . . but then it's the weekend
It's looking like a bottom, but I'm just getting used to bear market rules after 7 years of bull market rules.

[Cobra]

too bad, possible double top.

[Al_Dente]

reminder MONDAY is closed, holiday

[BullBear52x]

I am not bearish into tomorrow. this dip as long as it stays above 1835, I will find excuse to buy intraday.

I'm thinking of trailing a long on this swing down. Sometime tomorrow or the next day . . . but then it's the weekend
It's looking like a bottom, but I'm just getting used to bear market rules after 7 years of bull market rules.

I'll give it one more buy, the lady is not singing yet.

[Cobra]

members only update at 3:53 pm
http://www.cobrasmarketview.com/2016/02 ... ay-update/

[Cobra]

well, guess that's it for today. Thursday tomorrow has been up 4 in a row recently. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

[fehro]

SPX sloppy 5m.. possible flag/H&S/triangle.. hourly.. still in down channel…. under resistance..

fehro, like these charts , so many possibles...
recent bear flag (upper left), HS neckline test (lower left), and a triangle (lower right)..
we are past yellen for another month, im guessin churny ups and downs until china opens up...all above are not too bullish...

yup… all depending on what time frame you like to trade.. choppy and sloppy intra day today.. "IF" we triangle.. still good for a possible 15 point move near end of day.. 1888 or 1850.. or gap it tomorrow

ding ding SPX gap fill