01/31/2026 Weekend Update

[Cobra]

Up 1 week, the next week has 54% chances to close up, 77% chances to make a higher high.

So more up.

[te_fern]

Over the weekend, please take a little time to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449377

[tsf]

Thank you, Cobra and the Board.
Cobra's chart 2.1.0 XIU.TO Daily doesn't look good for TSX 60 bulls.
https://stockcharts.com/public/1684859/ ... /533449457

[tsf]

Cobra's chart 8.1.0 Extremely Low CPCE Readings Watch
noted that $CPCE below 0.5 seemed to be around a top of some kind
https://stockcharts.com/public/1684859/ ... /533449414

[JFR]

SPY daily.

Trend is still up imo.

Major resistance above.

EMAs all in good order, as are indicators.

Playing the range until breakout.

Many players are scared of huge pullback or mini crash. This trader says bring it on.

[tsf]

Cobra's chart 8.1.0 Extremely Low CPCE Readings Watch
noted that $CPCE below 0.5 seemed to be around a top of some kind
https://stockcharts.com/public/1684859/ ... /533449414

FWIW
https://articles.stockcharts.com/articl ... ge-beware/
January 30, 2026
The following comments by Tom Bowley shed more light on the wisdom of Cobra's chart 8.1.0 Extremely Low CPCE Readings Watch

All Eyes On Sentiment
Finally, equity options traders have gone all in. They've been buying equity call options like there's no tomorrow.
When this trade gets one sided, we're typically ripe for at least short-term weakness.
Any time the 10-day SMA of the CPCE has moved down to or below 0.52, not-so-good market action has mostly taken place. Again, this suggests a very crowded trade in which equity options buyers believe the stock market can only go higher. We know how that usually ends — painfully for those options buyers.