02/05/2014 Live Update

[Cobra]

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2nd test of previous low then strong reversal, wait to see any follow through which if indeed, then a Double Bottom could be formed here.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/02 ... ay-update/

[gappy]

Vote Cobra. glta

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[koolblue]

The Justin Bieber decline continues and the only real question is.. does it end in week 6? Or stretch out to week 9? And will this be the end ,or do we morph into something far worse(ie: this whole decline is just A of a huge ABC? ) (I DOUBT IT,FWIW). At any rate, i feel the next good push lower when ever it begins,(if it hasnt already started from the 1751-3 zone i talked about yesterday) should be the end...still favor under 1700, but we'll have to see!

[Al_Dente]

ADP Employment Report disappointed at 175k vs forecast 190k

[KeiZai]

Good morning my take

SPX

DAX (in case of breakout this triangle is ST bullish)

[Al_Dente]

SPX pullbacks since the 2009 bottom
“Note that the current peak-to-trough decline of 6.0% puts the pullback in the middle (#11 of 24) of those pullbacks in terms of magnitude, though it is slightly lower than the 6.9% average (mean) pullback during the period, due to large selloffs in 2010 and 2011 that skew the average well above the median.
While the recent decline seems sharp, it actually progressed in two stages: a sideways to slightly down move for the latter half of January; and a sharper decline at the end of January and the beginning of February… a mean pullback of 6.9% would take the SPX down to 1723 and a pullback matching the 21.6% decline from 2011 would take the SPX all the way back to 1451 – a level not seen since early January 2013.”
[Source: VIX and More, yesterday]

[Al_Dente]

"Today is a rare "double POMO" day in which the Fed will conduct two open market operations. It plans to buy $0.85-$1.15 billion of TIPS at 11 AM and $2.5-3.0 billion of Treasuries at 2:15 PM. This could provide support for markets."

[fehro]

The Justin Bieber decline continues

LMAO! SPX 5m... @ possible minor neckline... mind the gaps.

[fehro]

SPX 15m

[fehro]

SPX 60m.... mind the lower gap too.. 1733-1736ish... Oct 17/18

[BullBear52x]

Good morning my take

SPX

SPX-52.png

DAX (in case of breakout this triangle is ST bullish)

GER.png

I feel lots of itching fingers are on ready enter buy. I will play cool be the last one to the party.

[koolblue]

lost 2 handles on my first attempt at a short but covering here for a nice on on my 2nd attempt at 1746.00

[Al_Dente]

30 min

[BullBear52x]

relax, let it comes to you

[KENA]

Good morning my take

SPX

SPX-52.png

DAX (in case of breakout this triangle is ST bullish)

GER.png

I feel lots of itching fingers are on ready enter buy. I will play cool be the last one to the party.

Ya..The early bird gets worm but the second mouse gets the cheese.

[BullBear52x]

/ES
will it breakout today or not?

[fehro]

VIX 15m... bulls hope for a H&S.. otherwise.. possible larger red bearish rising wedge...

[fehro]

SPX daily... still holding support ... break it... look for 200d SMA 1709ish

[fehro]

SPX 5m... lower gap support held, blue triangle..