11/16/2016 Live Update

[fehro]

SPX 1st hourly candle not pretty, SPX LOD goes.. looking for a sharp drop...

[Trades with cats]

Not a good day for trend followers so far. Guy I follow on twitter (coolbizone) went long ES for 24 cars, dumped when he was down a point, then bought back. He is a multi day swing trader. There is a fancy German word for why that makes you feel better about yourself that I can't spell.

[Trades with cats]

DOE just confirmed the API inventory numbers from yesterday, looks like the tankers unloaded and the refineries are stepping up their game, builds across the board.

[Trades with cats]

That should be end of bad news for oil for a couple of days. If you are betting on Saudi jaw bone power they will have an algo ripper before today is over if they are following the usual game plan. Afterall they knew this inventory report would happen. It was the "inadvertent" tanker unloading schedule last week that was the aberration from the seasonal data trend.

[Trades with cats]

Well that didn't take long, but I got it sall wrong, it was the Russian Oil Minister.

[fehro]

DXY nHOD .. mind the USdollar.. she could gap up tomorrow… like nobodies business.

[fehro]

SPX still weak.. they are using AAPL and oil to push us up.. SPX LOD goes.. look out below with VIX over 14.75ish

[fehro]

DXY nHOD .. mind the USdollar.. she could gap up tomorrow… like nobodies business.

DXY daily.. should we gap up tomorrow.. into 101.95ish.. sounds insane .. fwiw..

[Trades with cats]

Well if you doubt the punters betting 96% in favor of Dec rate hike just look at DXY.

[Trades with cats]

London not exactly closing on a positive note. Almost time for the daily strange attractor to slowly pull us up towards the magic 2180 ES.

[fehro]

TRIN nHOD

[Daniel]

Problem for bears is that there are now suddenly numerous support levels for the major indexes, upon any level of decline.

Problem for bulls is the length of the bull market, which has already discounted in advance most of this tepid economic recovery. Valuations are stretched.

These are major probs.

[Daniel]

Meanwhile, intraday, QQQ.. and then IWM are leading, relatively speaking, and SPY/RSP are laggards.

Sectors which are strong dogs are XLK.. and then XLP. Anything emerging markets is very weak.

[Cobra]

members only update at 12:08 pm
http://www.cobrasmarketview.com/2016/11 ... ay-update/

[fehro]

Meanwhile, intraday, QQQ.. and then IWM are leading, relatively speaking, and SPY/RSP are laggards.

Sectors which are strong dogs are XLK.. and then XLP. Anything emerging markets is very weak.

and VIX /TLT green all day.

[Daniel]

Meanwhile, intraday, QQQ.. and then IWM are leading, relatively speaking, and SPY/RSP are laggards.

Sectors which are strong dogs are XLK.. and then XLP. Anything emerging markets is very weak.

and VIX /TLT green all day.

Much of the tech/QQQ advantage today can be attributed to heavyweight AAPL, up 2.4%

[BullBear52x]

everything gone sideways today, up down all around, up down all around......

[BullBear52x]

Reversal sign.

[BullBear52x]

/NG and /DX also reverse, just like yesterday into the night but only back up in the morning. /DX is two days in a roll, this time if we head down in the night I don't think it will come back up this time.

[Trades with cats]

Saudi oil guy just told media they are committed to doubling Nat Gas output. Not good news longer term.