01/26/2016 Live Update

[rhight]

Good morning. Well, most of my indicators say look for a long entry, except for the fact that all the MA's are bearishly aligned. Certainly, there are long plays to be made, but I may consider going to bear market rules and looking for short entries instead, of which I see no set-ups at this time for a swing. In studying past bear market patterns, a 50% retrace is in order, but the ride could be volatile and treacherous.

Much has been made lately about the coorelation between oil and stocks. This hasn't always been true as some recent articles discuss. Here is a Daily 1 month view. What I find interesting is that when a trough in coorelation has occured, an equity peak was close at hand.

[uempel]

The important Bullish Percentages rising steadily:

http://stockcharts.com/freecharts/candl ... BPENER|B|0

[Out of Bounds]

A bit short 189.33 for overextended run and that black bar Cobra pointed out.
Also, Russell ans NAZ are not very enthusiastic.

[fehro]

SPX

[daytradingES]

possible retracement top = place with it might pullback before continuing up later
(@shm watch level, 1895.50 to see how it acts -- IF ... then.. )

[uempel]

January 2016 is following January 2008 very closely. Check the bounces off the lower edge of the green BB 13/1 For the rest of the year: are the algos programed for 2008

This was January 2008

This is January 2016

[DellGriffith]

daily SPY:

BTW. a bullish cross of the MACD here is a valid cross in my MACD system. that thing is like 47-2 or something ridiculous. one of the very rare failures happened last cross. Works in both bull and bear markets.

[Wallstreetrader]

1914 underway ?
I see IHS now but once we did not close the gap will be neutral ... could be a squeeze ...

[uempel]

A 10 percent rally like in 2008 would put SPX at 1992 ...

January 2016 is following January 2008 very closely. Check the bounces off the lower edge of the green BB 13/1 For the rest of the year: are the algos programed for 2008

88.png

16.png

[fehro]

SPX hourly resistance.. possibly near here.. 5m a tad higher.. dabble small short pos. .. possibly early..

[brokebybernacke2]

maybe...green dotted line zone target..recent history rhyme?

[josephli]

A 10 percent rally like in 2008 would put SPX at 1992 ...

January 2016 is following January 2008 very closely. Check the bounces off the lower edge of the green BB 13/1 For the rest of the year: are the algos programed for 2008

88.png

16.png

fundamentally I believe it is more like 1998 since it is more like currency issue as several emerging market currency de-peg from USD. meanwhile, some analyst have more or less the same with your view:http://www.bloomberg.com/news/articles/ ... e-subprime. maybe combination of two.

[DellGriffith]

Thrilling battle to me here. Its either gonna cross or be one helluva frustrating rejection at this point.

[Out of Bounds]

This line!

[Cobra]

members only update at 10:48 am
http://www.cobrasmarketview.com/2016/01 ... ay-update/

[uempel]

maybe...green dotted line zone target..recent history rhyme?

In Jan 2008 SPX spent two days trying to breach the upper band of BB 13/1 - which is now (in Jan 2016) at 1925ish ... Lower support was the low band of BB 13/1, now at 1875ish.

[uempel]

josephli, I don't have any opinion. I just notice that SPX is following the January 2008 pattern quite closely. I have no idea what's going to happen to the world economy. Thats's for guys like Mohamed A. El-Erian to evaluate. I'm more interested in TA. And the only TA analyst whom I really respect (besides Cobra ) is Louise Yamada ...

A 10 percent rally like in 2008 would put SPX at 1992 ...

January 2016 is following January 2008 very closely. Check the bounces off the lower edge of the green BB 13/1 For the rest of the year: are the algos programed for 2008

88.png

16.png

fundamentally I believe it is more like 1998 since it is more like currency issue as several emerging market currency de-peg from USD. meanwhile, some analyst have more or less the same with your view:http://www.bloomberg.com/news/articles/ ... e-subprime. maybe combination of two.

[Out of Bounds]

A bit short 189.33 for overextended run and that black bar Cobra pointed out.
Also, Russell ans NAZ are not very enthusiastic.

Reversed the trade

[brokebybernacke2]

This line!

! how bout a running flat (assuming 3-3-5) to scare the hibby jibby...
just for fun...can make anything work!

[fehro]

SPX .. VIX not falling totally apart.. yet