01/29/2014 Live Update

[Cobra]

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Rebound failed overnight but now it's the 2nd test of the previous low so always 50% chances of reversal. Bears have traveled so long before testing the previous low so generally if they do breakdown to a new low I don't expect the new low could hold, i.e. the breakdown most likely could be fake, so better if bears could take a breath here. FOMC day, 2:00 pm roller-coaster show...

[champix]

Dax from +1.30% this morning to -1.70% now... Is that a real H&S breakdown? wait and see !

[Cobra]

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

[KeiZai]

GM plan played ou well, now I am flat (in case of 2xBottom) looking for a buy setups but not buying anything yet...wait and see...peace

viewtopic.php?f=2&t=1193&p=153048#p153048

[Out of Bounds]

All the news this morning is about Turkey. Note though, that Turkey hiked early last evening and the markets did not even flinch.

So, what caused the drop this morning? Good question.

[KeiZai]

Dax from +1.30% this morning to -1.70% now... Is that a real H&S breakdown? wait and see !

50back is always a sell and it was a 20DMA as well...9000 would be nice for a buy setup

[gappy]

Vote Cobra. glta

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[champix]

Dax from +1.30% this morning to -1.70% now... Is that a real H&S breakdown? wait and see !

50back is always a sell and it was a 20DMA as well...9000 would be nice for a buy setup

D-88.png

Exactly ! I am just wondering if we see a touch back on 50ma before a touch of 100ma (which is @ 9060 for me).

[Cobra]

members only update at 9:41 am
http://www.cobrasmarketview.com/2014/01 ... ay-update/

[fehro]

SPX 60m 1st support.. if not look lower * Mind open gap 1733 ish.... Oct 20, 2013ish

[victorm]

GM plan played ou well, now I am flat (in case of 2xBottom) looking for a buy setups but not buying anything yet...wait and see...peace

viewtopic.php?f=2&t=1193&p=153048#p153048

Thank you KZ, followed your plan from yesterday...worked out really well, out for now and going to wait for tomorrow at least...

[fehro]

SPX daily.. break blue.. look for lower blue, red dashed... break those.. look for green... break that... next area... 200d SMA 1704ish....

[KENA]

For what it's worth dept...Pre mkt PB's up to 179.09/39/82...Lets see.

[fehro]

VIX 15m.

[KeiZai]

GM plan played ou well, now I am flat (in case of 2xBottom) looking for a buy setups but not buying anything yet...wait and see...peace

viewtopic.php?f=2&t=1193&p=153048#p153048

Thank you KZ, followed your plan from yesterday...worked out really well, out for now and going to wait for tomorrow at least...

Nice to hear that Victor I am always happy to help other traders

[Cobra]

morning hourly hollow red.

[BullBear52x]

SPY Intraday = Buy

[KeiZai]

SPY Intraday = Buy

mission "gap fill" initiated

EDIT: Looks like sideways to up till FOMC day so far

[Cobra]

members only update at 10:08 am
http://www.cobrasmarketview.com/2014/01 ... ay-update/

[Mr. BachNut]

Neutral. No change.

My summation signal is neutral. Fresh lows could turn it down.
My composite trend signal is down.

Not doing a thing until after FOMC, and I am not even sure what that is.
If Mr. Market wanted to confuse me, the overnight session did a pretty good job. Wow.
Given how I am positioned, it may be best for me to simply let the month close out, but let's see what happens.