02/03/2017 Live Update

[Cobra]

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100% mm target 2287.25, better exceeds it to secure this bull shall have legs.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/02 ... ay-update/

[fehro]

As per late yesterday… gap +8-10 points Opening at open gap 2290-2295

[BullBear52x]

Bulls can not leave the gap behind. /ES is on a north bound train still. 2284 is a stop for now.

[fehro]

SPX into gap… some "possible" resistance.. "should" fill upper gap to 2295.

[BullBear52x]

There is Neg D. on /ES

today will take an hour or so for /ES and Cash index to align.

[fehro]

Index days.. TRANSports into 50d/20d.. VIX slammed again.

[Trades with cats]

Well I guessed wrong on Amazon earnings. But this morning makes it perfectly clear that this market is all about what the Fed will do.

Longer term we have had FANG earnings and they were not awe inspiring. FANG was what something like 80% of the increase in the indexes, so intermediate term we should start rolling over, as BullBear said.

[BullBear52x]

Well I guessed wrong on Amazon earnings. But this morning makes it perfectly clear that this market is all about what the Fed will do.

Longer term we have had FANG earnings and they were not awe inspiring. FANG was what something like 80% of the increase in the indexes, so intermediate term we should start rolling over, as BullBear said.

The key support was strongly defensed yesterday, this is why shorting overnight is dangerous. I thought AMZN will help the bear out but guess not

[BullBear52x]

Short able top, long stop out, reverse to sell now.

[BullBear52x]

Mid term setup, entering sell the rip zone, Hmmm...will it triggers today?

[uempel]

These ellipse crossovers suggest a good move next Tuesday February 7. And 3 weeks later, Monday February 27 looks good too. The ellipse crossovers don't indicate the direction of the move. They only predict a nice move.

[Cobra]

members only update at 10:03 am
http://www.cobrasmarketview.com/2017/02 ... ay-update/

[Cobra]

morning hourly black bar.

[BullBear52x]

Now cash index's turn to go Negative D. no new LL from next sell bears are doomed. will see.

[fehro]

SPX trying to fill that gap to 2295..

[Trades with cats]

Looking at the crystal ball (Econmatters calendar http://mam.econoday.com/byweek.asp?day= ... =mam&lid=0) looks like a really quiet week. Bullard and Evans speak on Thursday and Vice-Chair Fisher a week from Saturday. We are half way with earnings so given that FANG and the I-center banks have reported I think that potential drama is behind us. Guess as usual I will be surprised if there is a big move on Tuesday.

[Al_Dente]

NY advancing stocks = 3.7 x declining stocks
NY advancing volume = 3.1 x declining volume

[BullBear52x]

Beears are no go,

[uempel]

My view: sideways or down.