01/27/2014 Live Update

[Cobra]

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The rebound so far looks like a Bear Flag, so the bias is down.

[Cobra]

Weekly stock picks are here: http://www.cobrasmarketview.com/2014/01 ... ock-picks/

[Cobra]

members only update are here: http://www.cobrasmarketview.com/2014/01 ... ay-update/

[fehro]

SPX 60m.. mind the trend lines.

[koolblue]

MAN, I REALLY THOUGHT WE'D SEE 1775.25, OR 1770.. MISSED BY A HANDLE

[Cobra]

members only update at 9:46 am
http://www.cobrasmarketview.com/2014/01 ... ay-update/

[KENA]

chart by stocktiming

Update on the liquidity..Notice the drop but still not bad.

[uempel]

Update:

[Cobra]

Usually it's narrow range day after big red/green day, so might be boring today.

[fehro]

$RUT testing it's 50d... NDX, COMPQ not yet... everyone else INDU, SPX, TRAN... below

[uempel]

Update:

[fehro]

SPX pressing cyan trend

[fehro]

SPX 60m..

[fehro]

SPX daily... coming up to a couple lines long term of support.. but break it.. look out below.

[rhight]

Hello,

Thanks to Al_Dente and DellGriffith for pointing me to !SKEW and "user defined indexes" on StockCharts -
Looking for some support around SPX 1775 per chart, perhaps a minor bounce (several days) - We'll see

[fehro]

VIX daily

[uempel]

KeiZai, 9313 DAX might be a short term low (nice channel).

[fehro]

Hello,

Thanks to Al_Dente and DellGriffith for pointing me to !SKEW and "user defined indexes" on StockCharts -
Looking for some support around SPX 1775 per chart, perhaps a minor bounce (several days) - We'll see

SPX 01-27-14 Daily 6 month.png

or a month of bounce/chop.. to make a right shoulder... of a multi month H&S

[Mr. BachNut]

Neutral. Holding longs and shorts.

My summation signal is neutral. It could turn down today.
My composite trend signal turned down on Friday.

I failed to honor some stops on Friday and should be short now. My bad.
I have short setups in play but they need some rally to trigger.
I feel like a batter that watched as the fastball came right over the plate.
As a turtle with slow moving signals, days like Friday will leave me behind.

My setups will sell rallies.
There is a chance I'll get left behind.
I have some tools to deal with that, but until things develop further, the reward to risk profile says wait.
Even if the setups trigger, I can't rule out a whipsaw or even some prolonged consolidation or even a reversal of the reversal.
That said the trend is now down in my book, though I would have more confidence in that view if the NASDAQ and R2K joined the Dow and SPX by braking down more acutely.

A lot of long only managers don't like to cash up in January. It has been a bad idea historically. So, they'll assess and make decisions following the monthly close (and I think I am slow...).
So, February could be even more interesting than January is turning out to be.

[Cobra]

revisiting day low, 50% chances of double bottom, wait.