01/15/2016 Live Update

[josephli]

So to use the four most expensive words on Wall Street "it's different this time". Bill Dudley, Chair of the New York Fed and 1/3 of Chair Yellen's inner circle has announced that they are ready to go to negative interest rate policy if the economy gets any worse.

I am guessing he did that today for a reason. Just not sure what it was. Next time he should just apologize for being clueless and stop interfering in the markets..

Fed's Dec rate hike decision is a mistake IMHO. not that they have issue in the decision making process, but they have been looking at wrong metrics.

[Out of Bounds]

/TF is at new LOD

[Al_Dente]

[GS is 7+% of the dow (DIA)]
Goldman Sachs reports earnings next Wednesday
Yesterday's news: GS will “pay over $5 billion to settle claims it misled mortgage bond investors during the financial crisis, a move that will cut the firm's fourth quarter earnings by about $1.5 billion.”
http://www.reuters.com/article/us-goldm ... SI20160114

[JFR]

Morning gaps, Trading range ...

[fehro]

IINDEX days.. RUT/TRANS - Dj-20 new LODs, new multi year Lows .. NDX/SPX/COMPQ short of Aug/Oct lows.. Cup and handle GLD

[DellGriffith]

So the economy is healthy ... meanwhile the Fed warns of implementing emergency negative interest rates. I feel like someone is lying.

[finman66]

Open downside SPY p-bar targets at $186.34 and $186.02 and $184.00 ...... all from August 24th

For the QQQ's we have p-bars at $99.49 and $89.32 from Sept. 30 and August 24th respectively

[fehro]

SPX LOD, gap test

[Al_Dente]

FAANG
30 min, with a 50ma on each

[daytradingES]

They are updated on this CME page daily.
CME Group U.S. equity index price limits (and corresponding CME and CBOT rules) are designed to coordinate with circuit breakers provisions as applied by the New York Stock Exchange (NYSE).
7%, 13%, and 20% price limits are applied to the futures fixing price and are effective from 8:30 a.m. CT – 3:00 p.m. CT. Mondays through Fridays.
5% up-and-down limits are effective 5:00 p.m. - 8:30 a.m. CT. Sundays through Fridays; and 3:00 p.m. - 4:00 p.m. CT, Mondays through Fridays. Between 3:00 p.m. - 4:00 p.m. the 5% price limit will not be allowed to breech the 20% daily limit.
The fixing price is the volume weighted average price, VWAP, calculated during the 30 seconds of trading from 2:59:30 p.m. – 3:00:00 p.m. CT.
View the CME Price Limits Guide - Trading Will be Halted at these Levels if reached.
http://www.cmegroup.com/trading/equity- ... guide.html

[Out of Bounds]

[Out of Bounds]

The attachment Capture.PNG is no longer available

reversed
Best to follow the trend

[Cobra]

3rd touch of blue line, might break it this time.

[MrMiyagi]

NEVER!!!!

[MrMiyagi]

The only green on my Futures screen is VIX.

[fehro]

RUT - IUX .. seems better support at 950. W/D

[finman66]

[josephli]

The only green on my Futures screen is VIX.

ZB, ZN? may i ask what is the intraday value of NYMO?

[Cobra]

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

[brucekeller]

Jeez I am so surprised at this washout given how extremely bearish the AAII was reading. Today still feels like it should bottom but it just keeps going down. I kind of screwed myself today with hardly any hedging and a lot of same week options. :\