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01/05/2017 Live Update

01/05/2017 Live Update

Postby Cobra » Thu Jan 05, 2017 10:18 am

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the pullback probably would be bought.
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Re: 01/05/2017 Live Update

Postby Cobra » Thu Jan 05, 2017 10:21 am


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Re: 01/05/2017 Live Update

Postby fehro » Thu Jan 05, 2017 10:29 am

SPX opening 2266ish gapping down.. mind the gap.. and yesterday's and 20d sma @ 2256ish
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Re: 01/05/2017 Live Update

Postby fehro » Thu Jan 05, 2017 10:32 am

DXY USDollar nears support
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Re: 01/05/2017 Live Update

Postby Cobra » Thu Jan 05, 2017 11:01 am


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Re: 01/05/2017 Live Update

Postby fehro » Thu Jan 05, 2017 11:10 am

SPX holding… so far
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Re: 01/05/2017 Live Update

Postby te_fern » Thu Jan 05, 2017 11:16 am

Took a shot long. Maybe a little early.
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Re: 01/05/2017 Live Update

Postby superxy » Thu Jan 05, 2017 11:17 am

Cobra wrote:members only update at 10:00 am
http://www.cobrasmarketview.com/2017/01 ... ay-update/

isthis red hollow bar?


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Re: 01/05/2017 Live Update

Postby fehro » Thu Jan 05, 2017 11:28 am

http://www.aaii.com/sentimentsurvey/sent_results slowly one side of the boat is getting a tad crowded.. has more room.. fwiw.
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Re: 01/05/2017 Live Update

Postby fehro » Thu Jan 05, 2017 11:51 am

SPX weakening.. TLT on fire..
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Re: 01/05/2017 Live Update

Postby te_fern » Thu Jan 05, 2017 11:52 am

Stopped out of trade. Stop may have been too tight....
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Re: 01/05/2017 Live Update

Postby fehro » Thu Jan 05, 2017 11:52 am

INDEX days.. TLT nears 50d
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Re: 01/05/2017 Live Update

Postby fehro » Thu Jan 05, 2017 12:12 pm

SPX rolls over… TLT keeps on truckin'
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Re: 01/05/2017 Live Update

Postby Trades with cats » Thu Jan 05, 2017 12:33 pm

Small caps dropped from 1380 to 1370 (TF) in five minutes when the EIA oil inventory report came out, probably counts as the big move of the day.

All last week the weather was bad everywhere but Florida, kids were out of school lots of office jobs were on slow so what a surprise that we didn't use much gasoline. Next week's numbers will be better but not normal as weather still stinks her in the intermountain west and Monday was a holiday for most.
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Re: 01/05/2017 Live Update

Postby Cobra » Thu Jan 05, 2017 12:44 pm

well, rebound here maybe but this bear may have legs.
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Re: 01/05/2017 Live Update

Postby fehro » Thu Jan 05, 2017 12:49 pm

SPX 20d zoo close 2258.48… SPX into yGAP… TLT presses for 50d.. almost there.. IWM fill yGAP
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Re: 01/05/2017 Live Update

Postby Trades with cats » Thu Jan 05, 2017 12:51 pm

London closing is not a reason for the second push down in small caps. It does happen with regularity to the S&P.

Small caps are having a seriously bad day as they are 5 points below the 20 day average daily range and in fact are back to Tuesday's closing level. If you recall Art Cashin said that the hockey stick save on Tuesday was due to a large imbalance in the buy at close order book.
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Re: 01/05/2017 Live Update

Postby Trades with cats » Thu Jan 05, 2017 12:56 pm

DX 03-17 (30 Min) _ ES 03-17 (30 Min) _ TF 03-17 (30 Min)  1_5_2017.jpg


This is what I was talking about. That is a Keltner channel with VWAP on each chart. Blue tint is 1 standard deviation on the VWAP which should contain about 70 % of price. Keltner should contain 93% of price.

20 day Average Daily Range is the big pink band. These are 24 hour charts.
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Re: 01/05/2017 Live Update

Postby Cobra » Thu Jan 05, 2017 12:58 pm


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Re: 01/05/2017 Live Update

Postby Trades with cats » Thu Jan 05, 2017 1:04 pm

Bulls better hope the low is in or the daily candle will be first cousin to bearish engulfing.
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