01/26/2015 Live Update

[merryme]

K447: Heard at gas station in Columbus Ohio. Know gas station clerks are not the best folks to get hot tips from but they do install the price changes on the signage so I thought it was worth the mention. We are currently paying 1.99/gal.

[CaStorm]

both bear and bull Are fighting hard for the battle.

[cletus]

FED MEETING WEDNESDAY

[Al_Dente]

UBER goes berserk
"atmospheric anomaly"
Surge pricing
de Blasio: “Price gouging in the context of an emergency is illegal”
UBER: “Due to the State of Emergency declared in New York City, prices will not exceed 2.8x the normal fare…. Anytime a disaster or state of emergency strikes, dynamic pricing is capped and all Uber proceeds will be donated to the American Red Cross to support relief efforts. On your receipt, you will see a donation from Uber to the American Red Cross.”

[fehro]

red and green… COMPQ

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2015/01 ... ay-update/

[Cobra]

well, guess that's it for today. Tuesday tomorrow has been a little bit bear friendly. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[Out of Bounds]

Shorting in the aftermarket - 205.70 range

[fehro]

VIX daily.. seems gap is in range..

[Trades with cats]

Leading sectors today were energy and home builders. With the Al-Badri's oil pop erased and Durable goods leading off at 8:30 tomorrow with Case Shiller on deck for 9 followed by New Homes at 10 I don't see how they are going to get a second day out of this squeeze UNLESS someone knows something about the New Homes number.

[Al_Dente]

NYSE plans to “open for business” tomorrow with employees staying overnight in “walking distance” hotels.
Cuomo issues a complete ban on all car travel on all roads (13 NY counties) for 11:00 pm ET tonight

[fehro]

SPX 60m…..some possible trend lines…fwiw... top left.. triangle/diamond/expanding … should we turn down here.

[DellGriffith]

Daily SPY:

SPY has not touched or at least come very close to touching the upper BB for 32 trading days. One more day and it will tie a period of 33 days from Oct 19-Dec 10, 2012 as well as 33 days from Apr 27 - June 14, 2010.

After that, we have:

34 days from May - June 2006.
35 days from Aug - Oct 2002.
36 days from July 11 - Aug 30, 2011.
37 days from Oct 12 - dec 5, 2007
39 days from May 3 - June 28, 2011.
39 days from Sept - Oct 2000.
39 days from Jan - Mar 2003.
42 days from Aug - Oct 1999.
42 days from Aug - Oct 2001.
43 days from July - Sept 1998
45 days from Feb - Apr 2001.
46 days from Mar - May 2002.
48 days from Jan - Mar 2000.
48 days from May 20 - July 29, 2008.
49 days from dec 12, 2007- feb 25, 2008
60 days from May - Aug 2002.
82 days from Sept 3 - Dec 30, 2008.

Most of these occurred during bear markets. Our current streak is already the longest in a little more than 3.5 years. Once it gets to 40 days, it will be the longest such streak in over 7 years. Anything over 45 days has been bear market territory. That suggests that if we don't hit the upper BB by feb 12th, this is a bear market. If this rally fails and we instead run down to new lows, that makes it very likely it extends to 45 days and again suggests a bear market.

[DellGriffith]

Recent stimulus history:

1. The fed announced the end of QE1 at the feb 2011 top. The market topped there, went into decline, and didn't bottom until they hinted at QE2.
2. The Fed announced the end of QE2 on June 29th, 2011. The market topped there and didn't bottom until they announced Operation Twist.
1. The Fed announced the end of QE3 of Oct 29, 2014. The market DIDN'T top there, but seems to have entered a trading range, with some internals slowly deteriorating and one more thrust lower could augur a more serious decline.

I'm guessing the market reacted more strongly to the first two sets of stimulus because it was new. Maybe QE is old tired news now and doesn't move markets the way it once did.

[Out of Bounds]

Shorting in the aftermarket - 205.70 range

Covered short 203.73

EDIT: corrected closing price 203.73 - not 207.73

[Out of Bounds]

Ignore spike at the end. It did not come from the chart. It came from screen grab software.

[DellGriffith]

The dip out of the triangle is seen as an overshoot.

[Out of Bounds]

The dip out of the triangle is seen as an overshoot.

Expecting an eventual break down?

[DellGriffith]

The dip out of the triangle is seen as an overshoot.

Expecting an eventual break down?

My daily SPY MACD system is 39-0 over the past 10-15 years, and works in both bull bear markets. Signal #40 came a few days ago and says we rally, so I'll go with that.