01/14/2015 Live Update

[MrMiyagi]

unless sharp down from here, otherwise a rebound would confirm it's 3 push down.

I can't wrap my head around this push up push down thingamajiggy....

[Daniel]

SPY 199.50 and SPX 2000 are clear lines in the sand today.

IWM, by staying above recent hourly lows, is still showing RS vs other indexes.

Given OpEx week, a clear break below the above sandline could well be a stop run, prior to the more serious move.

[fehro]

Fehro - I was wondering if you have any hourly charts of GLD and/or GDX? I'm thinking of looking for an entry point on NUGT again. Thanks G

GDX fwiw.. maybe lower gap.. 17.75.. but looking weak… could be just a bear flag.. weekly candle ugly.. but 2.5 days to go!.. and in a weird way.. to my 3 peaks doomed house..RUT chart yesterday… . you can see the same patternish on the 60m!!

GLD looks better at this point.. similar bear flag.. but a possible very sloppy invs H&S pink neckline…. or possible complex invs H&S .. with RS with 20d/50d retest $115ish.. small chart

[grandeG]

Much obliged. I can make out the same pattern and suspect that GDX bear flag lower trendline may be touched again if the market decides to take a dip. Thanks for all of the great chart and patterns.

Fehro - I was wondering if you have any hourly charts of GLD and/or GDX? I'm thinking of looking for an entry point on NUGT again. Thanks G

GDX fwiw.. maybe lower gap.. 17.75.. but looking weak… could be just a bear flag.. weekly candle ugly.. but 2.5 days to go!.. and in a weird way.. to my 3 peaks doomed house..RUT chart yesterday… . you can see the same patternish on the 60m!!

GLD looks better at this point.. similar bear flag.. but a possible very sloppy invs H&S pink neckline..

[MrMiyagi]

qqqX

[fehro]

added a possible diamond as well to that RUT pattern yesterday…. and possible diamond bottom TZA, within a larger diamond.. very speculative… a bit of a stretch. fwiw.

[fehro]

semiconductors - INTC tomorrow AH - could that break NDX's 4100 level.. or save it.. more banks

[fehro]

SPX .. undercut Jan 6 lows 200d @ 1965ish. creeping closer

[MrMiyagi]

Guess I could have waited on the QQQ update....
Lowest target hit, only the upside remains at $101.30 as I don't expect the upper $104+ target to be hit (expires today).

[Al_Dente]

% performance of all 30 dow stocks, in three charts

[MrMiyagi]

Beige Book just came out.

Let's see what happens

[fehro]

USO trying..

[MrMiyagi]

Tick Tock Tick Tock... Which way?

[Cobra]

members only update at 2:17 pm
http://www.cobrasmarketview.com/2015/01 ... ay-update/

[Cobra]

vol surge, may see pullback here first then we'll see. bull has hopes.

[BullBear52x]

61.8 resistance

[Vaamsy]

vol surge, may see pullback here first then we'll see. bull has hopes.

This bounce might be short lived. Doubtful if we recover today. Just my 2 cents.

[fehro]

USO.. almost there.. intra-day target

[Denali92]

not my day today....

1) BRAND NEW WORKSTATION crashes 3 times......

2) Internet outage from 9am to 2pm EST....

anyway..... no trading for today.... but here is to hoping the Jan opex / MLK history holds, so that I can get involved....

http://www.cobrasmarketview.com/2015/01 ... ay-update/

-D

[Al_Dente]

oil futures also squeeze on the hourly