01/21/2015 Live Update

[Xian]

Wrote a post that said huge white bar on 60, expect pullback. Then deleted it.

This is the part of the day when I turn off the treadmill and pace the halls yelling "Fuck!" repeatedly.

I hate this part of the day.

I hate missing lay ups. All is cool 'til 110, but still…. fuck!

[Al_Dente]

BHP Is Closing Nearly Half Its US Shale Rigs.
Wednesday morning in Australia, Australian mining giant BHP said it would shut down 40% of its US shale oil rigs by the end of its fiscal year
BHI = 9k layoffs
HAL = 7k

[Heck]

Sentiment down across the board
+137% ALL opening long overvalued calls/puts
+261% EQUITY opening long overvalued calls/puts
+69% INDEX opening long undervalued calls/puts

Market DOWN unless these reverse

https://www.ise.com/market-data/isee-index/

2/3 ISE ISEE sentiment numbers changed to bullish

70% ALL
63% EQUITY

https://www.ise.com/market-data/isee-index/

Now 3/3

Ding Ding Ding
And there we have it
INDEX just changed to UP w 101% opening long undervalued calls/puts
Houston we have liftoff

https://www.ise.com/market-data/isee-index/

[fehro]

SPX… break the 2025 range could see retests of the low... wedge target.. or lower red channel.. VIX seems to slip out of it's channel tho..

[DellGriffith]

spy already approaching the middle of the bollinger bands. this is a powerful rally and the meat of the move may already have been digested by weeks end.

one tell that friday was a bottom was that various forums were bottom picking all the way down but stopped it fri, over the werkend, and now. virtually all bears which was quite bullish.

[dog3442]

do any of you watch level 2 data to trade ES? i mean CME market depth data

[Unique]

BHP Is Closing Nearly Half Its US Shale Rigs.
Wednesday morning in Australia, Australian mining giant BHP said it would shut down 40% of its US shale oil rigs by the end of its fiscal year
BHI = 9k layoffs
HAL = 7k

Perfect. A few more weeks/months at current low prices, then the smaller firms get all liquidated or sold and the second round of fun begins.

[Trades with cats]

Space X calls it an unscheduled rapid deconstruction or something like that when their boosters blow up. I wonder what they say on the fifth floor of the Mariner Eccles Building (Fed NY plunge protection team). The TF (Russel) sure doesn't look like lift-off move for the last hour. I think they need to give it another jolt pretty soon or down we go, as my indicators are all rolling over.

[fehro]

SPY.. a tad under 20d/50d .. both close to each other…

[Out of Bounds]

Space X calls it an unscheduled rapid deconstruction or something like that when their boosters blow up. I wonder what they say on the fifth floor of the Mariner Eccles Building (Fed NY plunge protection team). The TF (Russel) sure doesn't look like lift-off move for the last hour. I think they need to give it another jolt pretty soon or down we go, as my indicators are all rolling over.

Russell breadth is actually negative. What in the world?
Other breadths look weak

[Eddie]

SSO/SPY hourly. Trendline resistance seems to be a bit of an issue for the moment.

[ALdaytrade]

BHP Is Closing Nearly Half Its US Shale Rigs.
Wednesday morning in Australia, Australian mining giant BHP said it would shut down 40% of its US shale oil rigs by the end of its fiscal year
BHI = 9k layoffs
HAL = 7k

Perfect. A few more weeks/months at current low prices, then the smaller firms get all liquidated or sold and the second round of fun begins.

"The pleasure derived from the misfortune of others" Schadenfreude. You obviously do not have any family employed in this industry. Just enjoying the misfortune of those with out a job now.

[Cobra]

2nd test of day high, 40% chances of double top

[Al_Dente]

retracement from the dec highs
SPY 50%
IWM 38%
QQQ 50%
trendline resistance on spy qqq
hourly
https://www.youtube.com/watch?v=jsyuLmGF-ow

[Trades with cats]

I was wondering why CL dropped when the Energy Information Administration (EIA) weekly report came out " At 387.8 million
barrels, U.S. crude oil inventories are at the highest level for this time of year in at least the last 80 years." Emphasis is mine.

[Unique]

BHP Is Closing Nearly Half Its US Shale Rigs.
Wednesday morning in Australia, Australian mining giant BHP said it would shut down 40% of its US shale oil rigs by the end of its fiscal year
BHI = 9k layoffs
HAL = 7k

Perfect. A few more weeks/months at current low prices, then the smaller firms get all liquidated or sold and the second round of fun begins.

"The pleasure derived from the misfortune of others" Schadenfreude. You obviously do not have any family employed in this industry. Just enjoying the misfortune of those with out a job now.

Yes, perfect description. Realism and greed is very cruel

[Cobra]

members only update at 12:06 pm
http://www.cobrasmarketview.com/2015/01 ... ay-update/

[Out of Bounds]

Breadth is dropping again.

[Unique]

BHP Is Closing Nearly Half Its US Shale Rigs.
Wednesday morning in Australia, Australian mining giant BHP said it would shut down 40% of its US shale oil rigs by the end of its fiscal year
BHI = 9k layoffs
HAL = 7k

Perfect. A few more weeks/months at current low prices, then the smaller firms get all liquidated or sold and the second round of fun begins.

"The pleasure derived from the misfortune of others" Schadenfreude. You obviously do not have any family employed in this industry. Just enjoying the misfortune of those with out a job now.

Also, every trader wants to be on the winning side and there's a loser on the other end. Is the slippery slope gonna be everyone is schadenfreude or only when you acknowledge the misfortunate? You snooze you lose

[DellGriffith]

were in that phase where its an army of white candles, gaps up, & overbot readings that never subside while oscillator traders go short and get carried out on their shields.