02/01/2017 Live Update

[Cobra]

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double bottom text book target is 2290.75.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/02 ... ay-update/

[fehro]

SPX gapping up to 2286 mind the morning gap, 20d 2276ish. Mind the Monday's gap, and last week's gap 2285-2295

[fehro]

SPX either way here.. in the middle of 4 open gaps.. .. nuts.... from 2279 to 2295

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2017/02 ... ay-update/

[Cobra]

morning hourly black bar.

[Cobra]

the pullback should be bought somewhere.

[fehro]

SPX .. fwiw.. looking for a surprise rate hike today.. yeah I know nuts… new year, new prez, new rate hike.. come on.. it's been over 12 months! since the last one.

[fehro]

DXY moving up to 100.00.. as /GC drops hard into 20d 1197ish

[fehro]

TLT nLOD, nLOW .. Index dailies

[Trades with cats]

ES finding some support on Cobra's shoulders.

I do wonder if that ADP jobs report added to German inflation has the market worried that the Fed will be more hawkish in their language. Certainly the drop in DXY back to 100 has given them some room.

I must say it is pretty clear that the ECB has failed to protect the bond holders (Banks) in spite of their huge levels of purchases. Sort of seems to me they are going to have to deal with the Greek and Italian crises. So with strong evidence that their bazoooka won't work like it used to I would think that would make the Fed more cautious on future hikes. least they get blamed for a recession.

Interesting to see what they do.

[fehro]

SPX gapping up to 2286 mind the morning gap, 20d 2276ish. Mind the Monday's gap, and last week's gap 2285-2295

ding ding 20d .. filling gaps…. SPX,VIX,VXX,TLT,Gold… all RED

[Junior Buffett]

both SPY and VIX in red! someone is lying...

[fehro]

SPX trying to hold the 20d SMA

[Al_Dente]

[Trades with cats]

Wow! Atlanta Fed GDP NOW 1st quarter at 3.4%, more than double 4th quarter. Add ADP and inflation and Fed should be worried things are getting ahead of their curve.

[Trades with cats]

ES and smalls working on double bottom. If Fed is channeling Machiavelli they could move this thing back up to the days highs and look great. On the other hand (Truman economist joke) if Fed is a dud or bombs we are already at the 20 day average daily range lows so much more and it is a serious selloff.

[Trades with cats]

Asia and Europe are closed and the Smalls are right back where they were when those markets started opening last night. I am thinking trading from 3 pm to noon may be more profitable!

[K447]

Asia and Europe are closed and the Smalls are right back where they were when those markets started opening last night. I am thinking trading from 3 pm to noon may be more profitable!

From 3pm or 3am?

[Al_Dente]

AAPL rocketed above a big gap leftover from July 2015
The only remaining resistance is the ATH test