01/28/2014 Live Update

[Cobra]

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Diamond? But diamond can be either continuation or bottom, so doesn't tell much, we'll have to wait and see.

[koolblue]

I favor the bounce scenerio for the reasons shown...

[Cobra]

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

[KeiZai]

Good morning as noted yesterday we are slowing down viewtopic.php?f=2&t=1192&p=152981#p152981

I am not sure if the bigger wave 4 was a triangle so I prefer one more leg up to complete wave4, from there we could see new low and establish a short term bottom (for few days?)

[gappy]

Climbing the fear trade wall of worry. Vote Cobra your guide. glta

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[uempel]

Whatever happens today - the move should start at 11:30 a.m.

[DellGriffith]

Closed gold shorts for a small profit.

If my trade was correct, it would have fallen more by now. It really hasn't moved much at all.

Looking for a good spot to short SPY.

[DellGriffith]

SPY was way way way below its lower BB a couple trading days ago. Its pretty much guaranteed to consolidate a least a little here to get back in the bands, which it seems to be doing.

[fehro]

SPX 5m.. possible orange triangle / bear flag

[Cobra]

members only update at 9:42 am
http://www.cobrasmarketview.com/2014/01 ... ay-update/

[koolblue]

Update with the numbers im watching up here...

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2014/01 ... ay-update/

[Cobra]

vol surge, biggest bull bar, so might see pullback here first which likely would be bought.

[fehro]

SPX 5m... VIX 15m ...VIX looking weak.. but on possible channel support.. or a tad lower.. yellow/orange? SPX at resistance..

[KENA]

Took some profit on shorts still holding some shorts and longs..Wuba has recovered great today.

[Mr. BachNut]

Neutral. Long and short.

My summation signal is neutral. Solid fresh lows would turn it down.
My composite trend signal is down.

I am stuck in neutral due to a discipline breakdown. That may turn out to be a good thing. Don't know.

One of the remarkable phenomena that I observed last year was that each time the bull would falter and reach a technical precipice, it would pull back from the edge and find a way to resume.
I think yesterday such a precipice was reached. The low was at a confluence of the December low and two technically important rising trend lines. The VIX high halted just short of 19, an important demarcation IMO.
The damage was deep enough to turn my trend signal, but on the chart, key lines were not crossed.
It looks like we are rallying this morning. If this year is like last year, bears won't like what is on deck.
If this year is not like last year, any bounce ahead should be a last move before a clean trend.
The charts may offer a right shoulder, double top or some other helpful pattern in the days ahead or simply breakdown.

Given the absence of the usual dip buy the last few days, I am guessing the jackals may be holding a fair bit of inventory right now.
I'll be interested to see how the commercial hedger position changes in the COT report this week. They may have covered or a mark-up may be in store or both.

I'll probably stay neutral and assess day by day unless the bull does a Wile Coyote.

[Cobra]

pullback was bought indeed. Let's see if bulls can challenge the red line above again which if indeed, it'd be the 3rd test therefore more likely see breakout.

[Al_Dente]

nyadv 2000, “Bull Trend Day” if it can hold >2000
Volume ratio = 4 to 1, bulls

[fehro]

AAPL week.. wedge looks like it working..reach target? not so sure..... at horizontal support..atm.... 200d SMA at 480ish. Close the week, month near here.. then more downside looks possible

[L_T]

nyadv 2000, “Bull Trend Day” if it can hold >2000
Volume ratio = 4 to 1, bulls

Low-budget Yahoo Finance A/D indicator showing bullish too. It's the most simplistic indicator I've found that tends to be very accurate when giving extreme (~ >70% in one direction) readings.