01/13/2016 Live Update

[Cobra]

!!! CANCELLED !!!

you said cancelled, so no dog cat today, all your fault.

[josephli]

Friday opex will be very interesting. big movement very likely.

"thinking" bigger move tomorrow?.. and flat Friday?.. as big players take off early for the long weekend.. .. and I shouldn't think about market direction.. Weekly Candle will be a big battle.

my yesterday's judgement based on a higher low scenario. since today making new low then those assumptions are out of window. my current thinking will be:

1. there will be at one retest of today's low;
2. market is very oversold on all time frame.

I still expect a big bounce coming soon, but currently time signal does not support it being tomorrow. since friday's is opex then potentially a good day for huge bounce. that being said, the underlying assumption is SPX hold aug low.

[Al_Dente]

“People are crazy and times are strange… I used to care, but things have changed.”
https://www.youtube.com/watch?v=L9EKqQWPjyo

[BullBear52x]

Whack the Mole line.

1..PNG (16.48 KiB) Viewed 7606 times

[Unique]

Back from the shop, short 1888. Thinking we close around 1880-1878. Stop 1892. Easy money bear train

[josephli]

Let's see tomorrow whether there will be capitulation.

[DellGriffith]

I'm still looking for a great stock interface for a smartphone. I just want something that auto updates prices and a chart so I can let it sit on my desk and forget it. Best I got is Barrons:

http://www.barrons.com/quote/etf/us/arcx/spy

There is an interactiver chart but it does not work on my galaxy.

http://www.barrons.com/quote/etf/us/arc ... tive-chart

[MrMiyagi]

amazing how that p bar that showed up yesterday at 189.17 was hit today. I saw it, noted it, but really did not expect it to get nailed!

was there one? i did not see Mr.M's spreadsheet.

Didn't have anything there

[Cobra]

members only update at 3:52 pm
http://www.cobrasmarketview.com/2016/01 ... ay-update/

[Unique]

Back from the shop, short 1888. Thinking we close around 1880-1878. Stop 1892. Easy money bear train

Out 1880

[Cobra]

well, guess that's it for today. Thursday tomorrow has been 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

[tsf]

Source:
Northy ‏@NorthmanTrader

[kongen]

The VIX response is very muted. considering the downdraft. Any ideas why that should be so?

[Unique]

Short again 1884, stop 1888

[fehro]

Let's see tomorrow whether there will be capitulation.

support here .. 2014 lows, 2015 lows.. a few points lower 1882 on the daily.. hold and bounce and RS to max 1950-1960 then down to 1650, or.. neckline is lower and we capitulate down to 1820ish… then make a very small RS to 1890's uber bear.. then aim for 1500.. lower we go, the faster we go.. as there's a volume vacuum, especially under the 1600 level. SPX Weekly fwiw.

Still possible for a hammer on the weekly.. tomorrow/Fri .. then RS in both cases 4-12 weeks

[josephli]

The VIX response is very muted. considering the downdraft. Any ideas why that should be so?

actually other than TLT, VIX and forex is not as dramatic as i thought would be. VIX did not break monday high.

[josephli]

Let's see tomorrow whether there will be capitulation.

support here .. 2014 lows, 2015 lows.. a few points lower 1882 on the daily.. hold and bounce and RS to max 1950-1960 then down to 1650, or.. neckline is lower and we capitulate down to 1820ish… then make a very small RS to 1890's uber bear.. then aim for 1500.. lower we go, the faster we go.. as there's a volume vacuum, especially under the 1600 level. SPX Weekly fwiw.

Still possible for a hammer on the weekly.. tomorrow/Fri .. then RS in both cases 4-12 weeks

I agree. I am still leaning towards market will hold though i have no open positions left.

[Unique]

Out 1882. looks like no 1878 until later tonight. Peace!

[BullBear52x]

Rejection hard at 5 dma, dips buyers should get a good message that this time is not that easy.

[DellGriffith]

These are large images so you'll to right click and open them in a new tab if the right side gets cut off.