01/31/2014 Live Update

[koolblue]

Still short the es from 1778.50,but chicken covered break even... im up nicely on the day and i guess im too scared i'll give it back.. i'll just watch for a while (lousy entry too)

[fehro]

SPX 60m...

[uempel]

Update cloud:

[Cobra]

out lunch with clients, be back in hour or two. I'm neutral here as I see very small 3 push up so might be a small pullback soon.

[Al_Dente]

TICK negative divergence

[Cobra]

members only update at 11:38 am
http://www.cobrasmarketview.com/2014/01 ... ay-update/

[uempel]

Update cloud:

[MrMiyagi]

iwm2

spy2

[uempel]

So far the bulls are not successful. Bye guys, I'm off.

[Al_Dente]

APPROXIMATELY
Top panel: Carry trade (blue) double bottom
Middle panel: EEM emerging (red) double bottom
Bottom panel: SPY double bottom

[fehro]

XLF weekly ... showing a tad weakness... not to say it can ride up the underside of that channel for a few weeks..

[koolblue]

Good place for a scalp es buy here? 1780.25?

[rhight]

This "bottom" (or consolidation?) is reminiscent of the August 28 thru Sept 4 2013 bottom, with today being somewhat similar to Sept 3, 2013 ; the difference being that the TRIN on that day was bullish all day, down around 0,05 , even with the dip down to the prior day's gap up - also that bottom had a distinct 3 waves down from the early August high -

So far, it only looks like 1 wave down to me - still, I'd have to go long a move above yesterday's high for a daily swing high -
I went long XIV this morning for a quick gain - but bearish TRIN and EUR/YEN cross have made me doubtful - we'll see - the bullish set-up doesn't look half bad, but something seems to be missing - TICK looks good, and TRIN is trending bull, soooo more ready to jump on the bull train the bear, just waiting for it pull out of the station

[uempel]

Update:

[koolblue]

The way i read this thing is ..they took it down to within a whisker of every bodys bear/bull line in the sand, then a tremendous rally to convince most that the new highs next scenerio is alive .Then, next week? the bottom falls out and slightly lower lows come confirming the near term bear case thereby trapping the most people possible..lol.. At least thats one way this could work out, but we'll see.i base that on several reasons i have mentioned in my posts. i doubt however ,this correction(remember 5-7% has been very typical since 2009, refer to chart page one) is going to be the "big one".

[Al_Dente]

From the WTF department:
“The Hungarian forint found itself in the eye of the storm, sinking to a fresh two-year low against the euro, as a broad emerging-market selloff continued to bite Europe's previously more resilient currencies.”
Oy
[WSJ]

[MrMiyagi]

AAPL: 2.4 million shares sold right at 12:32.

[MrMiyagi]

iwm

[Al_Dente]

AMZN is now down 40 points

[1der]

AMZN is now down 40 points

No worries, it is just a flesh wound