01/25/2016 Live Update

[Cobra]

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Not looking good, could just be a rising wedge. Rising wedge can last a long time so it's not a bearish pattern but the rebound still is at an early stage, so a rising wedge feels not good.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/01 ... ay-update/

[fehro]

SPX near term 1885 key level, breaks 1860 next support

[Al_Dente]

"There's been a major shakeup at Twitter. .......... reported that four top executives were leaving Twitter. Product head Kevin Weil, media head Katie Jacobs Stanton, senior vice president of engineering Alex Roetter, and  vice president of human resources Brian "Skip" Schipper  are on the way out. In addition, a person close to the situation told Business Insider, the company will appoint two new board members, one of whom will be a prominent name in the media industry."

[JFR]

Gap down ...

[fehro]

SPX mind the tiny morning gap

[daytradingES]

8:33 AM 1/25/2016

choppy at first
FE= LE ?
breakout! signal given

doubt about range est
Friday only 19 pts
3d =41
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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH16 -0.49%) are down -0.24% and European stocks are down -0.32% as a -3.63% slide in crude oil prices (CLH16 -3.82%) undercuts energy producers. European stocks also moved lower after a gauge of German business confidence fell for a second month in January to the lowest in 11 months. Losses in European stocks were limited on signs the ECB may be leaning toward increasing stimulus after comments from ECB Governing Council member Knot who said the ECB may need to expand stimulus if the recent oil price drop starts to influence inflation elsewhere in the economy. Asian stocks settled higher: Japan +0.90%, Hong Kong +1.36%, China +0.75%, Taiwan +1.78%, Australia +1.84%, Singapore +0.22%, South Korea +0.62%, India +0.21%.

The dollar index (DXY00 -0.23%) is down -0.14%. EUR/USD (^EURUSD) is up +0.20%. USD/JPY (^USDJPY) is down -0.29% after comments from BOJ Governor Kuroda lowered expectations the BOJ will boost stimulus measures when it meets this Thursday and Friday when he said "we don't think the current market situation has been affecting corporate behavior unduly."

Mar T-note prices (ZNH16 +0.16%) are up +4 ticks.

ECB Governing Council member Knot said that "if the oil price drop starts to influence inflation elsewhere in the economy and takes a foothold in the economy, it would be a reason to revisit monetary policy."

The German Jan IFO business climate fell -1.3 to 107.3, weaker than expectations of -0.3 to 108.4 and the lowest in 11 months.

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6:34 AM 1/25/2016
1. Oil starting back down from short covering rally

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Oil falls 3 percent on swelling oversupply
By Karolin Schaps

LONDON (Reuters) - Oil prices fell 3 percent on Monday as Iraq announced record-high oil production feeding into a heavily oversupplied market, wiping out much of the gains made in one of the biggest-ever daily rallies last week.

Brent crude , the global benchmark, was down 93 cents at $31.25 a barrel at 0955 GMT, losing 3 percent from its closing price on Friday, when Brent surged 10 percent.

U.S. crude traded $1.02 lower at $31.17 a barrel.

Iraq's oil ministry told Reuters on Monday oil output had reached a record high in December. Its fields in the central and southern region produced as much as 4.13 million barrels a day, the government said.
"The news that Iraq has probably hit another record builds on the oversupply sentiment," said Hans van Cleef, senior energy economist at ABN Amro in Amsterdam.

"The oversupply will keep markets depressed and prices low, and on the other hand short positions are in excessive territory," he said.
The closing of large amounts of short positions had caused a huge rally on Friday that was largely undone again on Monday, creating huge volatility in the oil market.

Fundamental factors influencing the oil market remained bearish. Indonesia's OPEC governor said that support among the Organization of the Petroleum Exporting Countries for taking steps to prop up crude prices is slim, with only one OPEC country supporting an emergency meeting over the matter.

Striking a more bullish tone, the group's Secretary-General Abdullah al-Badri said at a separate event in London that he saw some signs the market was rebalancing.He also said OPEC and non-OPEC producers needed to work together to tackle oversupply in order to prop up oil prices.
The chairman of Saudi Aramco said on the sidelines of a different conference on Monday that oil prices would ultimately balance at a moderate level as demand continued to rise.

(Additional reporting by Meeyoung Cho in Seoul; Editing by Dale Hudson)
Sun, 24 Jan 2016 19:49:00 -0500

[daytradingES]

cl

[JFR]

Gap fill on NQ.

[fehro]

/CL stopped at the 2008 lows 32.70 minor H&S on the 60m.. messy… target if it goes 28.70ish… pink line at $30 should provide initial support

[fehro]

/GC on the move again.. over 20w SMA 1106.20 worth watching again this week.. yeah yeah ..I know.. sound like a skipping CD - thought I'd move into current times..

[DellGriffith]

Daily SPY:

Bull case: i got two independent system buy signals on friday's close.

Bear case: we never set a correction low the same day as a volume spike.

Kinda muddled so sitting out for now. Maybe ill buy a bullish MACD cross.

[Cobra]

members only update at 10:08 am
http://www.cobrasmarketview.com/2016/01 ... ay-update/

[Al_Dente]

NY declining stocks are 2.4 x advancing stocks
NY declining volume is 2.6 x advancing volume

[Out of Bounds]

NY declining stocks are 2.4 x advancing stocks
NY declining volume is 2.6 x advancing volume

[Cobra]

possible double bottom. if this still is the past mad cow then the low was in for today, let's see.

[fehro]

NY declining stocks are 2.4 x advancing stocks
NY declining volume is 2.6 x advancing volume

hmm a tad choppy this am

[fehro]

SPX . VIX showing some weakness.. slowly.. but still elevated bull flag of sorts on intra day data

[fehro]

/ES -ish Tradingview SPX500 CFD - wedge break cyan , possible messy H&S orange - 60m

[DellGriffith]

No intraday buy signals for a few days now. Just sells.