05/20/2015 Live Update

[Cobra]

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I'm neutral, no idea up or down from here.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2015/05 ... ay-update/

[fehro]

Pull back from the highs, near resistance.. and retesting breakout level. Holds... mind upper levels 2135-2150... fails then 2108 20d /open gap is possible / 50d. VIX pops over 14-14.50.. then lower cyan channel the next major support, that goes.. then 2020 is the measured move. Probably sideways chop till until FOMC 2:00pm ET

[fehro]

DXY /USD ... daily possibly at RS... pullback for invs H&S on the 60m

[fehro]

SPX bottom left.. key trends short term

[fehro]

SPX first level support.. takes out yesterday's low

[fehro]

INDEX dailies.. yesterday's candles ... potential reversal candles if we get confirmation..

[fehro]

Think the floor is going to break.. and crash hard.. TRAN .. can only jump up and down on the floor so many times before it breaks to the next floor

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2015/05 ... ay-update/

[fehro]

SPX holds..

[Cobra]

maybe this is 3 push down, so 2 legged up now.

[tsf]

http://blog.financial.thomsonreuters.co ... ampaign=FX

18 May 2015

The Fed could launch lift-off sooner than the market thinks
1. Inflation below but near target
2. Labor market is doing just fine
3. The Fed’s new rate corridor
4. Lift-off is not tightening
5. Better sooner than later

[fehro]

USOIL.. wedged between two trends 60m.. looks a little bear flag.. could see a sharp drop if support fails to $56

[fehro]

SPX .. possible resistance here 5m..

[fehro]

SPX back down to light green?.. .starting to bullish wedge.. should we hold light green,, if not up to cyan upper green.. bearish rising wedge..

[Heck]

http://blog.financial.thomsonreuters.co ... ampaign=FX

18 May 2015

The Fed could launch lift-off sooner than the market thinks
1. Inflation below but near target
2. Labor market is doing just fine
3. The Fed’s new rate corridor
4. Lift-off is not tightening
5. Better sooner than later

Wall Street disconnected to Main Street
1. 1980 methodology (Shadowstat) inflation +8%
2. De facto Youngstown U unemployment 28%, Fed labor non-participation 37.8%
3. $TNX and $TYX targeting +38% and +31% to 3.15% and 4%
4. Monetary Velocity at all-time lows de facto economic tightening
5. More likely later or never

Respectfully

[fehro]

SPX .. .. anyhow.. some firework levels for FOMC (arrows) .. and hypothetical wedges at this point..

[fehro]

so much for a quiet end of the week into the holiday weekend... lots of talking starting Thursday afternoon

[fehro]

SPX .. possible messy invs H&S SPY 5m target 213.80.. if this higher low holds.. RS... not sure

[Al_Dente]

“Goldman Sachs Sees $45 Oil by October”
[Bloomberg, late yesterday]