12/14/2016 Live Update

[Cobra]

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4 push up, still strong, so might be another push up before decent pullback possible.

[fehro]

SPX opening near 2268ish .. .nears resistance mind the FOMC 2:00pm possibly a non event… FOMC is soooo 2016 .. market is already thinking 2017.
Mind the gap and yesterday's gap

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/12 ... ay-update/

[DellGriffith]

Daily SPY:

I took on the short position described earlier. Good luck all.

[JFR]

Anyone hoping for a move up today? LOL Not so far. Just a small overnight gap fill.

[Cobra]

looks like boring until 2 pm roller coaster show.

[JFR]

NYSE TICK readings ...

[JFR]

Dow 30.

Taking a break. My long plays are under water. USG and SPY.

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2016/12 ... ay-update/

[fehro]

SPX weak.. IWM weakest already nLOW,

[fehro]

SPX red.. VIX weak goes red but nears support

[uempel]

[Junior Buffett]

ssss.png

can we hit close to 2300??

[Trades with cats]

No comments or opinion, just numbers so you can see how different the two inventory estimates were.
http://www.zerohedge.com/news/2016-12-1 ... production

[uempel]

Warren, I don't know anything. But what we do know is momentum is strong (bullish) and confidence is bullish too (bearish)...I'm still waiting for a correction today or Friday, but I might be very, very wrong

ssss.png

can we hit close to 2300??

[fehro]

SPX .. at neckline.. bigger question is that a RS? or do we go up into / at FOMC to RS? . neckline cracks target 2254.

[Trades with cats]

Inventory report and industrial production were not good Atlanta Fed GDP now dropped .2 to 2.4 for 4th qtr. More ugly in my opinion was DOE saying gas and distillate usage down 2.5% from the year ago period. We are the biggest market. India, a growing market is in total turmoil because of political leadership. Between the two countries looking like world demand for gas is going to be soft, not what OPEC wants to see.

[uempel]

Bullish Percentages are flat. Since November 9th BPs have been on a tear ... Is the rally slowing?

http://stockcharts.com/freecharts/candl ... ,$BPENER|B|

[TraderJoe]

Will it be 'Buy the rumor, sell the news' or will be to the sky after announcement today?

[Trades with cats]

FOMC market moving action is all about the next moves. If congress actually agrees to new spending Fed will have to monetize that debt so the honeymoon rally thesis is hanging in the balance on what is said today.