Back to www.cobrasmarketview.com

   

01/04/2017 Live Update

Re: 01/04/2017 Live Update

Postby JFR » Wed Jan 04, 2017 1:24 pm

NYSE TICK
Attachments
2017-01-04_0922.png
User avatar
JFR
 
Posts: 1652
Joined: Sun Dec 02, 2012 7:24 pm

Re: 01/04/2017 Live Update

Postby fehro » Wed Jan 04, 2017 1:34 pm

SPX still struggles at green trend 60m, bull flag. VIX perks up a tad.
Attachments
Screen Shot 2017-01-04 at 9.34.10 AM.png
fehro
 
Posts: 19878
Joined: Fri Sep 02, 2011 2:06 pm

Re: 01/04/2017 Live Update

Postby Al_Dente » Wed Jan 04, 2017 2:07 pm

Another new high on junk HYG and JNK: “Risk On” (folks aren’t too worried about junk defaults)
PSCF small-cap financials, breakout new high yesterday and another new high today
$BKX all domestic banks, testing resistance again, dying to breakout to new high
AXP the plastic bank, breakout new high today (Visa not)
User avatar
Al_Dente
 
Posts: 17130
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/04/2017 Live Update

Postby Cobra » Wed Jan 04, 2017 2:09 pm

testing ema20 finally, should be some buyers around here.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 35830
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/04/2017 Live Update

Postby BullBear52x » Wed Jan 04, 2017 2:15 pm

SPX no new high, Mid term is back into sell the rip zone.

over bought short term also but will see how this buy goes.
2.PNG
short term trading range.
1.PNG
Trend following with me here http://bullbear52x.blogspot.com/
User avatar
BullBear52x
 
Posts: 17837
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/04/2017 Live Update

Postby BullBear52x » Wed Jan 04, 2017 2:26 pm

Time to extend a vacation?
Attachments
1.PNG
Trend following with me here http://bullbear52x.blogspot.com/
User avatar
BullBear52x
 
Posts: 17837
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/04/2017 Live Update

Postby Al_Dente » Wed Jan 04, 2017 2:42 pm

BullBear52x wrote:Time to extend a vacation?

boss as soon as u go fishing, one of these catalysts will kick in :roll:
FOMC minutes (today 2pm ET)
US Dec jobs (Fri 8:30am ET)

POTENTIAL CATALYSTS for next week (the week of 1/9):
Earnings season unofficially begins Monday 1/9 with all eyes on AA reporting
It kicks into high gear on Friday 1/13 with bank reports from BAC, JPM, PNC, WFC…
Banks have been the darlings of the post-election rally, so their EPS reports will be fine-tooth-combed for clues
Here’s a bank watch:
https://stockcharts.com/freecharts/cand ... XP,HYG|M|0
Obama speaks Tues 1/10,
Trump speaks Wed 1/11,
Yellen speaks Thurs 1/12
User avatar
Al_Dente
 
Posts: 17130
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/04/2017 Live Update

Postby Trades with cats » Wed Jan 04, 2017 2:51 pm

T minus 12 and counting.
I don't expect much, but since the algos started the day with a stop run it could be something.
Fed is no longer running the show, they are back to what they have always done, making pronouncements after the market has moved. So since the market priced in this last action in advance I don't see what difference some additional comments will make. Maybe more threats about raising rates if congress goes fore "shovel ready"?
Trades with cats
 
Posts: 2593
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/04/2017 Live Update

Postby BullBear52x » Wed Jan 04, 2017 2:56 pm

Al_Dente wrote:
BullBear52x wrote:Time to extend a vacation?

boss as soon as u go fishing, one of these catalysts will kick in :roll:
FOMC minutes (today 2pm ET)
US Dec jobs (Fri 8:30am ET)

POTENTIAL CATALYSTS for next week (the week of 1/9):
Earnings season unofficially begins Monday 1/9 with all eyes on AA reporting
It kicks into high gear on Friday 1/13 with bank reports from BAC, JPM, PNC, WFC…
Banks have been the darlings of the post-election rally, so their EPS reports will be fine-tooth-combed for clues
Here’s a bank watch:
https://stockcharts.com/freecharts/cand ... XP,HYG|M|0
Obama speaks Tues 1/10,
Trump speaks Wed 1/11,
Yellen speaks Thurs 1/12

AA is no longer a big news of late. I am watching TSLA, BA, INTC their sectors will be talk of town in 2017 me think. my stand on these guys currently bullish on BA and INTC, bearish on TSLA.

on Politics side of thing, it will be a miracle if TRUMP can get us out of the financial FED mess. but Trump is a miracle on whatever he TWEET by far :lol: :roll: :roll: :roll: ( Politics and religion talk make bad investment decision, Beer and good drink talk oyeah!)
Trend following with me here http://bullbear52x.blogspot.com/
User avatar
BullBear52x
 
Posts: 17837
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/04/2017 Live Update

Postby BullBear52x » Wed Jan 04, 2017 3:05 pm

I will chase down, no failure allowed.
Attachments
1.PNG
Trend following with me here http://bullbear52x.blogspot.com/
User avatar
BullBear52x
 
Posts: 17837
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/04/2017 Live Update

Postby Al_Dente » Wed Jan 04, 2017 3:08 pm

o *FED OFFICIALS WEIGH UPSIDE RISKS TO GROWTH FROM FISCAL POLICY
o *MANY OFFICIALS STRESSED UNCERTAINTY ON FISCAL POLICY EFFECTS
o *FED OFFICIALS SAW BUSINESSES MORE OPTIMISTIC ON OUTLOOK
o *ABOUT HALF OF FED OFFICIALS INCLUDED FISCAL POLICY IN FORECAST
o *ALMOST ALL FED OFFICIALS EXPECTED LABOR MARKET OVERSHOOT
o *MANY OFFICIALS JUDGED FED MIGHT NEED TO RAISE RATES FASTER
User avatar
Al_Dente
 
Posts: 17130
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/04/2017 Live Update

Postby brokebybernacke2 » Wed Jan 04, 2017 3:33 pm

BullBear52x wrote:I will chase down, no failure allowed.


was thinking a gap fill down there first b4 we finally break this level on the up...maybe by jobs report..
brokebybernacke2
 
Posts: 764
Joined: Wed Sep 21, 2011 10:10 am

Re: 01/04/2017 Live Update

Postby Trades with cats » Wed Jan 04, 2017 3:46 pm

brokebybernacke2 wrote:was thinking a gap fill down there first b4 we finally break this level on the up...maybe by jobs report..


They (BLS) are supposed to back out all seasonal adjustments once a year. They have no political pressure from administration (not being partisan, both sides do it) to make it look good. To make it more difficult Dec and Jan are real wild card months because of all the seasonal hiring and firing. I think it was January or Feb last year where the adjustments were larger than the raw number. Just saying upcoming jobs reports could be more Vegas than anything else.
Trades with cats
 
Posts: 2593
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/04/2017 Live Update

Postby BullBear52x » Wed Jan 04, 2017 3:48 pm

buy stop
Attachments
1.PNG
Trend following with me here http://bullbear52x.blogspot.com/
User avatar
BullBear52x
 
Posts: 17837
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/04/2017 Live Update

Postby Cobra » Wed Jan 04, 2017 3:48 pm

possible 3 push up, pullback due?
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 35830
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/04/2017 Live Update

Postby fehro » Wed Jan 04, 2017 3:55 pm

SPX struggling.. VIX support holds..
Attachments
Screen Shot 2017-01-04 at 11.54.58 AM.png
fehro
 
Posts: 19878
Joined: Fri Sep 02, 2011 2:06 pm

Re: 01/04/2017 Live Update

Postby Al_Dente » Wed Jan 04, 2017 4:11 pm

HAPPY HOUR
scotty.png.png
User avatar
Al_Dente
 
Posts: 17130
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/04/2017 Live Update

Postby BullBear52x » Wed Jan 04, 2017 4:15 pm

Counter trend sell.
Attachments
1.PNG
Trend following with me here http://bullbear52x.blogspot.com/
User avatar
BullBear52x
 
Posts: 17837
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/04/2017 Live Update

Postby daytradingES » Wed Jan 04, 2017 4:19 pm

I had a nap.. miss much?
Good trading to all
daytradingES
 
Posts: 1715
Joined: Thu Sep 13, 2012 10:46 am

Re: 01/04/2017 Live Update

Postby Al_Dente » Wed Jan 04, 2017 4:26 pm

THIS IS NOT ESSENTIAL READING, but the GFCI stuff (below) is interesting
There is a fight going on over who will grab all the financial jobs [possibly 20,000 jobs] as they exit the UK once Brexit kicks in.
French lobbyist group quoted here, so … grain of salt… and…
“France has nevertheless long lagged behind the U.K. and Germany as an international hub for banking.
The country is perceived as hostile to financial companies and ranks 29th in the Global Financial Centres Index (GFCI), only one spot above Casablanca.”
https://www.bloomberg.com/news/articles ... 010317_BIZ
and
http://www.telegraph.co.uk/business/201 ... hin-weeks/

The Global Financial Centres Index (GFCI) study, published every six months, provides profiles, rating and rankings for 86 financial centres. The index rates each financial center on a scale of 1,000 points and considers five areas of competitiveness, such as the business environment, development of the financial sector, infrastructure, quality of labor force and regulations.
Here’s the latest study from Sept 2016
http://www.longfinance.net/global-finan ... kings.html
Last edited by Al_Dente on Wed Jan 04, 2017 4:37 pm, edited 1 time in total.
User avatar
Al_Dente
 
Posts: 17130
Joined: Thu Jul 21, 2011 2:29 pm

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: Bing [Bot] and 7 guests