01/31/2014 Live Update

[Nrsimha]

Full disclosure --- my daily plan

If, at 3:50 PM EST, SPX is below 1784, I am staying put (I'm mostly in cash). If it closes above 1791, I am going to reload (into equities) in my 401 K (maybe 60 % stocks).
Anywhere in between, I guess I'll put 25% back into equities.

[Cobra]

members only update at 3:24 pm
http://www.cobrasmarketview.com/2014/01 ... ay-update/

[Cobra]

vol surge, might see rebound here first then we'll see.

[Nrsimha]

Also watching $HUI, GDX, Etc....

If and when 10 week starts to cross above 20 week, I am going to start piling into gold mining stocks....
I think commodities bull will continue on until 2017 or so.

[Cobra]

rebound so far weak, so bias should be down. I'm not sure because it's too close to close, I see too many times a sudden surge before close, chart pattern doesn't matter. It's about who's chicken especially it's weekend.

[fehro]

SPX 5m ..minor H&S should we close around here... mind the interday gap.. filled the morning one.

[MrMiyagi]

Quite the pop in VIX. 17.5 to 18.4 in 35 minutes.

[Nrsimha]

1,782.79 (SPX)

OUCH.

THat's I'm out -----> 100% cash.

Have a great weekend everyone!!
GLTA

By the way, uempel, thanks for the Ichimoku cloud charts !!

[Cobra]

well, guess that's it for today. Monday is the first trading day of Feb, the seasonality is very bullish up 9 of last 10 according to stock trader's almanac. thank you guys, I'll see you couple of hours later.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[Cobra]

members only update at 3:58 pm
http://www.cobrasmarketview.com/2014/01 ... ay-update/

[MrMiyagi]

Chinese bank bankruptcy scheduled for this weekend, while everyone is drunk for New Year's celebrations.

[Junior Buffett]

Chinese bank bankruptcy scheduled for this weekend, while everyone is drunk for New Year's celebrations.

hahahah...Mr.Miyagi, you wanted everyone to remain drunk since you posted this master stroke after market close!