01/17/2014 Live Update

[Cobra]

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2nd test of the previous high failed, now bears have chances but they have to decisively break the blue line below to seal the deal.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/01 ... ay-update/

[gappy]

Hightower Friday fun. Vote Cobra, glta.

Capture.PNG

[Al_Dente]

Earnings from GE and MS both beat estimates
Building permits were dismal: down -3% vs estimates of up 0.3%
Housing starts were bad: down -9.8% vs est down -8.3%

[Al_Dente]

“Intel shares tumble despite earnings growth. Intel's (INTC) Q4 net profit rose 6.4% to $2.63B as revenue increased 2.6% to $13.83B and topped forecasts, although EPS of $0.51 missed consensus by a penny. Intel reported that it "saw the (PC) market stabilize in the back half" of 2013, and sales at the PC CPU division were flat in Q4, while operating profit rose 20%. However, Intel's shares dropped 4.3% premarket, with investors concerned about lukewarm guidance and comments that the company overestimated the scope of a rebound in investment by its data-center clients.”

[Al_Dente]

TWTR gap up 5%

[Cobra]

testing blue line now.

[johnnywa]

Trannies showing weakness today so may pull down smallcaps and rest of market

[Al_Dente]

Only about 1600 stocks are red (nydec) but they are pushing the volume ratio to 2.4-to-1, bear
More stocks are needed to join in a bear raid

[Cobra]

members only update at 10:14 am
http://www.cobrasmarketview.com/2014/01 ... ay-update/

[fehro]

SPX 5m broke neckline with .. retest?

[fehro]

SPX 5m... another view.. descending triangle?.. another H&S?.. minor triangle..

[Mr. BachNut]

Net Long. Carrying longs and shorts.
Did a little dip buying yesterday. May have been a bad idea. Time will tell.

My summation signal is down.
My composite trend signal is up.

We are still in the chop zone. My signals I guess are consistent with that.
The tape does have an upward bias to it (for now). So, I wanted to tilt my allocation that way as it favors the zone ultimately breaking up.
I am still in juggle mode though and may work both sides of the book as things unfold.

My net exposure is light and will remain so over the long weekend.
I remain interested to see how strong or weak the close is today.
Also, sometimes there is some mischief overseas during U.S. long weekends.
I wouldn't worry about that except that the Euro and the Yen look about ready to resolve the chop they have been in.
This would have implications for U.S. equities IMO and may determine which way the SPX etc. breaks in days ahead.
As usual, I have no idea what will happen.

[fehro]

VIX 15m ... -2.47*%

[fehro]

http://www.newyorkfed.org/markets/tot_o ... edule.html on now.. 10:15-11:00am ET

[fehro]

GDX 60m, weekly... possible invs H&S break.. 20w SMA close..

[Junior Buffett]

VIX 15m ... -2.47*%

I am surprised with the VIX move, this tells me that Market is not ready to go down!

Thank you Fehro for excellent charts.

[Heck]

Opening long options call/put ratios favour market downside
http://www.ise.com/market-data/isee-index/ …

[fehro]

SPX 5m... yellow neckline retested... possible minor triangle, or another H&S for the bears pink.. still open gaps above.. filled 1/2 of this morning's

[fehro]

VIX 15m ... -2.47*%

I am surprised with the VIX move, this tells me that Market is not ready to go down!

Thank you Fehro for excellent charts.

Thanks.. I know.. VIX weak.. but it is options week...