01/22/2016 Live Update

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2016/01 ... ay-update/

[Pagat]

from twits. interesting

[DellGriffith]

Well that's a bull train unique style.

[K447]

from twits. interesting

Silent screams from behind the charts, some days more than others ...

[Pagat]

looks like range day
probably another on monday
Lagarde said she is not worried (about markets) - that everything is under control
so bears

[josephli]

from twits. interesting

Interesting.

[Wallstreetrader]

Hs invalid, great weekend to everyone.

[Daniel]

Mr. BachNut - Thanks! Your market thoughts and insight are appreciated!!!

Ditto. Even in a daytrade oriented Board, a more intermediate term outlook is valuable, for context and perspective.

[fehro]

SPX time to see if the bulls have the balls to hold long or will they get skittish - dabble small position short

so far holding up .. the close will be key the bulls want to hammer the weekly.. so big push near end of day is possible .. doji .. then both bears/bulls in suspense to next week..

SPY 189.96 Monday's open.. close Friday = doji.

[BullBear52x]

depends on time frame setup, but this leg down still under 61.8%.

[Daniel]

SPY daily rsi2 is back above 70 again-- first time this year.

Everyone knows what to do when it crosses back down under 70 again.

Basic BullBear52 "it is what it is and it's simple" strategy.

[BullBear52x]

for the mean time, intraday is in buy mode, yeah I see 2x top, until 1890 broken will bears got a say today.

[Out of Bounds]

[MrMiyagi]

spy

[BullBear52x]

Capture.PNG

Now that is good life.

[fehro]

/CL non stop.. over 33.12 bullish engulfing on the weekly.. sounds crazy.. weekly candle looking good, 2008 lows 32.70 next resistance 20w sma racing down 32.97.. weekend short squeeze?

[fehro]

Capture.PNG

must have your winter coat on .. isn't that chilly for you?

[BullBear52x]

/CL non stop.. over 33.12 bullish engulfing on the weekly.. sounds crazy.. weekly candle looking good, 2008 lows 32.70 next resistance 20w sma racing down 32.97.. weekend short squeeze?

USO is in sell the rip zone, one more come2papa before the fat lady sings.

[Out of Bounds]

Capture.PNG

must have your winter coat on .. isn't that chilly for you?

I do have on long pants and shoes. That is unusual.

[jademann]

Guys what is the very best way of deciding whether its time to sell the longs bought at the bottom?