Back to www.cobrasmarketview.com

   

01/10/2017 Live Update

Re: 01/10/2017 Live Update

Postby Eddie » Tue Jan 10, 2017 3:10 pm

Surprising ES went right through VWAP and S1. Would've expected at least some hesitation.
Eddie
 
Posts: 129
Joined: Thu Oct 16, 2014 3:21 pm

Re: 01/10/2017 Live Update

Postby fehro » Tue Jan 10, 2017 3:12 pm

SPX 60m.. holding green trend.. possible red channel.. 15m mind the H&S cyan… VIX triangle, ascending wedge. SPX 20d 2262 neckline 2267 key
Attachments
Screen Shot 2017-01-10 at 11.11.03 AM.png
fehro
 
Posts: 19687
Joined: Fri Sep 02, 2011 2:06 pm

Re: 01/10/2017 Live Update

Postby Trades with cats » Tue Jan 10, 2017 3:28 pm

My perception ( i.e. can't prove a *#!& thing) is that VWAP is meaningless during strong trends. When we are drifting it seems to be more of an achievable target.

I am way to ignorant to have a handle on why the market decided that today was a good day for a grave stone doji but if I have to guess I would think the calendar is the problem as tomorrow we get the Trump presser which has to be a big question mark, then Friday before the open the big banks report. Everybody knows JP Morgan has a big enough magic hat to meet, but I can't think of why anyone would have high confidence in Wells or B of A. If financials catch a cold as oil is sinking and Tim Cook and friends hit earnings lock up for buybacks then it could be over for now. I am assuming Goldman told the truth when they said rotation out of bonds and into stocks has turned out to be a myth. :?
Trades with cats
 
Posts: 2334
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/10/2017 Live Update

Postby BullBear52x » Tue Jan 10, 2017 3:30 pm

back on southbound train.
Trend following with me here http://bullbear52x.blogspot.com/
User avatar
BullBear52x
 
Posts: 17455
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/10/2017 Live Update

Postby BullBear52x » Tue Jan 10, 2017 3:37 pm

ABC correction, common chart pattern if bears are serious.
Attachments
1.PNG
Trend following with me here http://bullbear52x.blogspot.com/
User avatar
BullBear52x
 
Posts: 17455
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/10/2017 Live Update

Postby fehro » Tue Jan 10, 2017 3:39 pm

fehro wrote:/CL 60m breaks neckline H&S .. 50d closing in at 49.31


Possible bounce zone for /CL 60m mind the 50d tho..
Attachments
Screen Shot 2017-01-10 at 11.38.44 AM.png
Screen Shot 2017-01-10 at 11.38.24 AM.png
fehro
 
Posts: 19687
Joined: Fri Sep 02, 2011 2:06 pm

Re: 01/10/2017 Live Update

Postby Trades with cats » Tue Jan 10, 2017 3:43 pm

CL bounce catalyst- it is weekly inventory time but the after the close API number has been way off last couple of weeks so may have to wait for tomorrow's EIA report to generate a move.
Trades with cats
 
Posts: 2334
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/10/2017 Live Update

Postby Trades with cats » Tue Jan 10, 2017 3:44 pm

ES keeps kissing the bottom of VWAP 2266.75, can't get above for last 15 minutes.
Trades with cats
 
Posts: 2334
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/10/2017 Live Update

Postby Eddie » Tue Jan 10, 2017 3:58 pm

Trades with cats wrote:ES keeps kissing the bottom of VWAP 2266.75, can't get above for last 15 minutes.

Yeah I decided to bail at 66. I'm pretty new at trading ES and put in a bid at 67 expecting a bounce of some kind. Live and learn. Make sure it is going to bounce first. Otherwise, a decent day.
Eddie
 
Posts: 129
Joined: Thu Oct 16, 2014 3:21 pm

Re: 01/10/2017 Live Update

Postby Eddie » Tue Jan 10, 2017 4:04 pm

SPY trying to hold 5 DMA
Eddie
 
Posts: 129
Joined: Thu Oct 16, 2014 3:21 pm

Re: 01/10/2017 Live Update

Postby BullBear52x » Tue Jan 10, 2017 4:09 pm

Chart for the road: gap down setup? now that the 5 DMA support was fulfilled with no new high. Distribution is strong. Peace!
Attachments
1.PNG
Trend following with me here http://bullbear52x.blogspot.com/
User avatar
BullBear52x
 
Posts: 17455
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/10/2017 Live Update

Postby Al_Dente » Tue Jan 10, 2017 4:12 pm

HAPPY HOUR
Image
User avatar
Al_Dente
 
Posts: 16867
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/10/2017 Live Update

Postby Trades with cats » Tue Jan 10, 2017 4:14 pm

Small caps not giving up, 4 points from day's high but ES not following yet. But there is always the 3:30 ramp. ;)
Trades with cats
 
Posts: 2334
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/10/2017 Live Update

Postby Cobra » Tue Jan 10, 2017 4:15 pm

fight6.gif
fight6.gif (5.65 MiB) Viewed 302 times

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: 35557
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/10/2017 Live Update

Postby Trades with cats » Tue Jan 10, 2017 4:45 pm

So much for the last hour lift-off, back to VWAP from above.
Trades with cats
 
Posts: 2334
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/10/2017 Live Update

Postby Cobra » Tue Jan 10, 2017 4:52 pm


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: 35557
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/10/2017 Live Update

Postby Cobra » Tue Jan 10, 2017 4:54 pm

well, guess that's it for today. Wednesday tomorrow has been mixed. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
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: 35557
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/10/2017 Live Update

Postby Trades with cats » Tue Jan 10, 2017 5:00 pm

More than a grave stone, using RTH bearish engulfing.
Trades with cats
 
Posts: 2334
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/10/2017 Live Update

Postby daytradingES » Tue Jan 10, 2017 5:06 pm

Trades with cats wrote:CL bounce catalyst- it is weekly inventory time but the after the close API number has been way off last couple of weeks so may have to wait for tomorrow's EIA report to generate a move.


I don't know about a bounce.
We have a break of the rectangle to the downside and within the triangle a double top.

(Of course they manipulate it so usually with a high inventory number - which should be negative for prices they manipulate it up.)

Didn't you post something about good numbers at Cushing?
It doesn't seem to have supported prices and Libya said they are increasing (or trying to increase?) their production

"Libya has the 10th-largest proven oil reserves of any country in the world.[9]"
Good trading to all
daytradingES
 
Posts: 1703
Joined: Thu Sep 13, 2012 10:46 am

Re: 01/10/2017 Live Update

Postby Trades with cats » Tue Jan 10, 2017 5:44 pm

Genscape reported a draw at Cushing on Monday. But with over half coming from outside the country Cushing is just another data point.
Gasoline +1.687MM
Distillate +5.484MM
Cushing -187K
Crude +1.533MM

I don't see anything dramatic, but I do not have context for the distillate build. We will see if this is close to EIA report tomorrow.
Trades with cats
 
Posts: 2334
Joined: Sat Oct 11, 2014 4:40 pm

Previous

Return to Traders Lounge

Who is online

Users browsing this forum: Bing [Bot], Junior Buffett, K447, q2model, Yahoo [Bot] and 35 guests