Cobra's Market View

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no idea up or down here, need see more bars. a little bear biased though.

members only update starts here: http://www.cobrasmarketview.com/2017/01 ... ay-update/

Checking in on daily SPX:

SPX flat opening mind the H&S 15m careful of 2267, 2263 20d very key.. loose them.. look out below

DXY Daily.. strong.. mind 20d SMA just a dime higher

Full moon tomorrow. fwiw. SPY 4hr

Oil- last afternoon's API inventory report didn't move the market. Today at 10:30 who knows what EIA report will do. Press narritive has been mostly negative but that doesn't seem to have done any serious damage yet.
Here is Thomas Saal's current take for what it is worth.

fehro wrote:DXY Daily.. strong.. mind 20d SMA just a dime higher

explodes over 20d

removed

SPX dabble sm short.. TRIN very elevated, SPX green, VIX green. LOD goes.. 2267/2263 key

TLT popped over 50d SMA.. and restesting it her near LOD

fehro wrote:DXY Daily.. strong.. mind 20d SMA just a dime higher

Silly question for DXY, when does DXY trading close? I was trying to get end of day price for DXY on yahoo, it seems it trades after 4pm. Where is the best place to get end of day price?

Thanks a lot.

Q

fehro wrote:

fehro wrote:DXY Daily.. strong.. mind 20d SMA just a dime higher

explodes over 20d

DXY 100.86 still moving up

q2model wrote:

fehro wrote:DXY Daily.. strong.. mind 20d SMA just a dime higher

Silly question for DXY, when does DXY trading close? I was trying to get end of day price for DXY on yahoo, it seems it trades after 4pm. Where is the best place to get end of day price?

Thanks a lot.

Q

6:00pm I believe.. thought it was midnight for some reason. DXY 60m with session breaks marked

fehro wrote:

q2model wrote:

fehro wrote:DXY Daily.. strong.. mind 20d SMA just a dime higher

Silly question for DXY, when does DXY trading close? I was trying to get end of day price for DXY on yahoo, it seems it trades after 4pm. Where is the best place to get end of day price?

Thanks a lot.

Q

6:00pm I believe.. thought it was midnight for some reason. DXY 60m with session breaks marked

Thanks a lot for your information

May be in a holding pattern until the Trumpster gets started a 11:00 EST.

q2model wrote:

fehro wrote:DXY Daily.. strong.. mind 20d SMA just a dime higher

Where is the best place to get end of day price?
Q

try either Tradingview.com or freestockcharts.com or stockcharts.. not sure if they'll be delayed by 15-20m.. but at 7pm should see the daily candle.fwiw.

EIA says another huge build in stocks and a much bigger than expected build in crude. This is the sort of typical winter action I have been yapping about. Of course the shale drillers have increased US daily production again. So the story we all expected now gets to play out. Can OPEC cut faster than US shale increases production. Or to reframe, how many billions in current lost income will the Saudi crown forego in order to maximize the IPO price.

Oil- it was a huge increase in imports. So revert to the mean as the annual inventory tax driven draw down ends. Therefore the longs are probably safe for now.