02/14/2014 Live Update

[pezhead9000]

SPY vs EURJPY currency correlation

[Al_Dente]

Current correlations
Keyed to the 30 min chart of spy, currencies, emerging mkt, etc., that I posted earlier
(above 0.50 is considered “positive correlation” while 1.0 is perfect 100% correlation)

[BullBear52x]

Short term last stand for da bears, ED? need to see a quick sell off to hold bearish view. a close today will be important read into next week.

[Nrsimha]

Short term last stand for da bears, ED? need to see a quick sell off to hold bearish view. a close today will be important read into next week.

Looks like it needs to fill that gap!! (Also corresponds to an old Myagi P-bar ....)

[pezhead9000]

XLY up but lagging SPY
http://finviz.com/quote.ashx?t=xly

[fehro]

SPX 5m... so close to the last open gap above... 1842.29-1844.78 Jan22/23

[fehro]

VIX 15m

[BullBear52x]

Short term last stand for da bears, ED? need to see a quick sell off to hold bearish view. a close today will be important read into next week.

Looks like it needs to fill that gap!! (Also corresponds to an old Myagi P-bar ....)

I don't count that gap. the gap that I counted on was already filled and now becomes a support.

[BullBear52x]

Buy the dip is on, on all time frames of mine. dip will be bought.

SPY intraday = Buy

[Cobra]

didn't expect today to be up huge. so far no pullback at all, so this bull shall still have legs.

[TraderGirl]

There is a fib time signal on the 5 minute at 12-ish...PST, 3pm EST...

[BullBear52x]

The best hope for bears is extreme counter trend at 2x top with the help of Neg D on RSI.

[Cobra]

members only update at 3:07 pm
http://www.cobrasmarketview.com/2014/02 ... ay-update/

[BullBear52x]

IWM is having Neg D but buying the dip also aligned on all time frames.

[flumanchu]

Well, from a POMO standpoint, this week has been a bust. Not really sure what's happening next.

The bears had a huge opportunity to break the trendline at 2/5, along with no POMO for the week. However, there was a Significant Intervention! I think the Fed saw this problem coming, and decided to squeeze hard (still squeezing). The funds for this effort came from somewhere - maybe the Primary Dealers were told to go ahead and use the money for the next 2 weeks ahead of time, as based on POMO, there should be plenty the next 2 weeks to hold the market up and then some.

One caveat, there's a Bradley turn next Wed (2/19) which has been pretty reliable (I should have looked at the last one scheduled on 2/5 - spot on).

I hate guessing like this, and people who forecast like this => 'Well, if it's not up, it's down'. But, that's really all I can say when it's obvious the Fed is intervening.

My guess is 'Stay out, until 2/19' and let's see if it's a High. If so, there'll be a nasty turn around 2/19 and the POMO was used up burning the shorts.
.

[fehro]

SPX 5m minor H&S/testing 2-day uptrend

[Cobra]

members only update at 3:44 pm
http://www.cobrasmarketview.com/2014/02 ... ay-update/

[TraderGirl]

There is a fib time signal on the 5 minute at 12-ish...PST, 3pm EST...

So far there was a turn right on the money at 12pm..EST....

[TraderGirl]

There is a fib time signal on the 5 minute at 12-ish...PST, 3pm EST...

So far there was a turn right on the money at 12pm..PST....

Oops I mean 12pm PST

[Cobra]

well, guess that's it for day. Tuesday next week has been very very bullish. Thank you guys, I'll see you in the next couple of hours. You have great long weekend.

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