01/13/2016 Live Update

[DellGriffith]

SPY:

So I was following on my chromebook as I was walking to work. My thoughts were look to close the opening gap and then look for a buy signal. Of course we close the gap just as I reach the front door lol. I'm standing there thinking "should i walk in?" since I have to shut it down inside the building and won't be able to do anything for a few minutes. I did. No buy signal. Whew.

[DellGriffith]

I'm still on a sell signal atm.

[DellGriffith]

Unfortunately, I chickened out and just took my winnings at yesterday's close and sold. So I'm in cash atm. Could've made more had I just sold the open today.

[Cobra]

up gap filled means 67% chances today open > close.

[Unique]

ES: Trying to form 15m hammer/sticksave setup again. Bulls weaker than expected this morning

[uempel]

Tutti, I've played around with Coppock in weekly and even daily charts showing US and European indices - and in my view it's useless. As the original designers correctly found out: the only time frame which seems to show a flawless performance is the monthly chart.

[Unique]

5m 8EMA is bear train setup now

[fehro]

VIX didn't like the oil numbers… Spike! 24.44!! takes out yesterday's HOD

[josephli]

crude big reverse. inventory still stockpiling.

[Out of Bounds]

Long here at 193.08 as we are right at Monday's close.
Looking for some bounce

[DellGriffith]

Should be a tradable bounce right here of 50 cents or more ... but not my buy signal.

[josephli]

crude sharp reverse, USD tanks against jpy eur, internal weak. bearish leaning.

[q2model]

Long here at 193.08 as we are right at Monday's close.
Looking for some bounce

Monday close was 192.11

[Unique]

ES: Bouncing off yesterday's close line 1922.5. Bias remains bearish as long as under 1935. Looking for a short entry if so

[Tutti]

Tutti, I've played around with Coppock in weekly and even daily charts showing US and European indices - and in my view it's useless. As the original designers correctly found out: the only time frame which seems to show a flawless performance is the monthly chart.

It's hard to argue with you on this. In fact I agree.

I keep it in a file of charts for longer term looks - if you notice its on a monthly. Even then it's far from flawless. in the few signals it has produced (using my setting for it) there have been 2 false ones. The latest triggering just a bit ago. It's the reason I paired it with a weekly cross to see if there was something else I could take from it. There are too few actual signals to confidently state that it provides any type of statistical edge.

I wont trade to it, but mentioned it only because the forum was chatting about it.

-Tutti

[fehro]

SPX take out yesterday's afternoon low… 1915ish.. look for possible Friday's LOD to go / undercut

[Out of Bounds]

Long here at 193.08 as we are right at Monday's close.
Looking for some bounce

Monday close was 192.11

Right. But this is where my order got filled.

[josephli]

crude, USD sharp reversal back to bullish leaning.

[Denali92]

Interesting to see how crude is coming back. WATCH the indices if it gets back to the highs and stays there....

Bought a little March at 31.38 on a limit order that I had left...

-D

[Unique]

ES: Hourly bear train setup...waiting for short entry as long as it remains under 1HR 20EMA.

Targets 1910~