01/26/2016 Live Update

[icman]

do u buy apple thanks

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Yes, one apple a day, keep the dr. away.

[DellGriffith]

[bimmerbob]

Given the less than strong turning points edge for tomorrow's FOMC, the preview is just posted here:


https://pugsma.wordpress.com/denalis-tu ... ints-2016/


Bottom Line

The market is challenging and has changed character. It is best to keep your risk under control and be flexible in one’s market view. While there is likely to be some significant volatility post the FOMC announcement, the first week of February may provide a better sense of the market’s next direction.

If the market rallies through the FOMC in to next week, there could be a significant top (like in 2008) or a rally continuation like was seen in 2011, 2012 & 2013, but if the market reverses and falls in to next week (like in 2009, 2010, 2014 & 2015), then a significant bottom is likely.

-D

Amazing work !

[fehro]

do u buy apple thanks

yes small position AAPL Puts lotto.

[Cobra]

double top target met. the pullback is not sharp so bears are not serious therefore purely from chart, the bias still is up. However, AAPL ER in AH, let's see who's chicken.

[fehro]

very sloppy H&S SPX/SPY 5m.. target 188.50.. could gap down or close hard.. fwiw

[Wallstreetrader]

5m. H tgt 1885.50 or maybe not but ... bull flag is the correct figure imo

[josephli]

very sloppy H&S SPX/SPY 5m.. target 188.50.. could gap down or close hard.. fwiw

Both way possible now. still bull bias.

[finman66]

bear-sell_0.jpg (27.61 KiB) Viewed 11223 times

Oh no !!

[finman66]

In all seriousness ... bulls need a close above 1905

[Out of Bounds]

Back above that line

[Out of Bounds]

...and I sold my longs. I'm out for the day.

See y'all tomorrow.

[DellGriffith]

Ever seen a bear get their face ripped off before?

[daytradingES]

2:44 PM 1/26/2016
gotta get some sleep
not quite at high target but still 30 min left in ES

[Unique]

Looks like we're not gonna get the uber bull 1915 EOD close, but the measure move from the hourly chart remains valid going into tomorrow. Seems like AAPL earnings will be a big tell at 4:15-4:30pm

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2016/01 ... ay-update/

[Cobra]

well, guess that's it for today. Wednesday tomorrow has been bear friendly but it's also FOMC which has been generally bull 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

[DellGriffith]

I think we gap up hard tomorrow.

[brokebybernacke2]

I think we gap up hard tomorrow.

not sure. feel a pop, then drop...tough overhead resistance...just a hunch, cashy until i see more...

[icman]

I think we gap up hard tomorrow.

Are there any gap up day with afternoon FOMC announcement? I recon the major move happens after the announcement, whatever it is.