11/15/2016 Live Update

[Cobra]

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still could be a triangle so bias is up.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/11 ... ay-update/

[Al_Dente]

yesterday NEW LOWS 330

[Cobra]

yesterday NEW LOWS 330

no, it's 91. stockcharts NYLOW is delayed for 1 day.

[BullBear52x]

/es trap in between 64 and 66.5, buy above sell below do nothing in between.

[Al_Dente]

!NEWLONYA

[Out of Bounds]

$NYLOW (NYSE new lows 1yr) yesterday close @ 315 according to TOS

[Out of Bounds]

[Trades with cats]

I tried to read this from mostly RBC last night but it is above my paygrade. http://www.zerohedge.com/news/2016-11-1 ... d-too-much

I think they are saying we have record DOW because the fund managers were freaking out over the election and hedged like crazy.

Last night CITI and Goldman both said we think Trump won't be that inflationary and presto the Asian bond buyers reverse the direction of the US Treasury market.

And for the Tri-fecta, oil reported up overnight because OPEC is talking about an agreement.

One of the things that helps me cope is that I watched a video seminar with Linda Raschke the author. She said, hey there are a lot of days right now where these markets are just untradable using TA.

[fehro]

SPX.. so much for a powerful big gap … mind the minor morning open gap.. back into some resistance…. weak - ish.

[Cobra]

members only update at 10:12 am
http://www.cobrasmarketview.com/2016/11 ... ay-update/

[fehro]

DXY nears yHOD and HOW

[Cobra]

morning hourly black bar.

[Al_Dente]

NY advancing stocks = 1.7 x declining stocks
NY advancing volume = 1.2 x declining volume

[BullBear52x]

bulls got no juice to push much higher, thing that make you go Hmm....

[Trades with cats]

Day Three- still becalmed inside this infernal range. Running short on patience, crew dispirited. Desperately need a breakout move.

[uempel]

Bullish Percentages look good:

http://stockcharts.com/freecharts/candl ... .html?[BPI]

SPX daily (linear chart) going back to 2009 shows a distinct black channel. Whenever the index was in the upper yellow section of the channel the bias was often bullish. At the moment momentum suggests that SPX wants to break back into the yellow section.

[uempel]

Day Three- still becalmed inside this infernal range. Running short on patience, crew dispirited. Desperately need a breakout move.

You talking about the Trump transition team

[uempel]

"...untradable using TA ...." been like that for quite some time

I tried to read this from mostly RBC last night but it is above my paygrade. http://www.zerohedge.com/news/2016-11-1 ... d-too-much

I think they are saying we have record DOW because the fund managers were freaking out over the election and hedged like crazy.

Last night CITI and Goldman both said we think Trump won't be that inflationary and presto the Asian bond buyers reverse the direction of the US Treasury market.

And for the Tri-fecta, oil reported up overnight because OPEC is talking about an agreement.

One of the things that helps me cope is that I watched a video seminar with Linda Raschke the author. She said, hey there are a lot of days right now where these markets are just untradable using TA.

[fehro]

As Bloomberg summarizes this takes, "years of monetary easing by global central banks has kept volatility low for stocks while compressing credit spreads. That has stripped predictive power from the VIX. At the same time it has pushed more international borrowers and investors toward the dollar."

Indeed, that is the focal point of the BIS note: to get a sense of systemic stress, ignore the VIX which is no longer meaningful due to central bank intervention, but instead focus on the dollar. To be sure, a very different picture emerges when looked at global "risk" from that standpoint:

fwiw http://www.zerohedge.com/news/2016-11-1 ... indicator?

Not so sure if I agree.. bond sell off, Euro's possible demise.. USdollar up.