Back to www.cobrasmarketview.com

   

01/11/2017 Live Update

Re: 01/11/2017 Live Update

Postby fehro » Wed Jan 11, 2017 11:58 am

SPX careful here.. VIX very active.. 2267/63 SPX very key.. goes looking for a fast 10 point drop
Attachments
Screen Shot 2017-01-11 at 7.57.23 AM.png
fehro
 
Posts: 19687
Joined: Fri Sep 02, 2011 2:06 pm

Re: 01/11/2017 Live Update

Postby daytradingES » Wed Jan 11, 2017 12:00 pm

From ZH
http://www.zerohedge.com/news/2017-01-1 ... to+zero%29

Crude Dumps'n'Pumps Despite Massive Inventory Builds, Biggest Jump In Production In 20 Months
After last week's massive product builds (and crude draw), API suggested additional builds ahead of DOE data which confirmed even bigger than expected builds in Crude, Gasoline, and Distillates. WTI gapped lower on the print then accelerated lower as US crude production rose by the most since May 2015. Then the algos decided it was time to rip oil prices higher...
Biggest crude build since November and another week of massive builds in gasoline and distillates...The 13.4 million barrel increase in total U.S. crude and refined products stocks last week is the biggest weekly gain since April 2015.

Notably:

U.S. CRUDE WEEKLY CRUDE IMPORTS RISE TO HIGHEST SINCE 2012: EIA U.S.
DISTILLATE STOCKS REACH HIGHEST WEEKLY LEVELS SINCE OCTOBER 2010: EIA

Crude prices have slipped this week on, among other things, concerns of rising US crude production which exploded higher in the last week...The biggest surge since May 2015
---------------

So this is what I was saying yest.
Terrible numbers so the RORR push it HIGHER not DOWN.

This is a manipulated market. Expect this morning push up to be reverse and the trend to be DOWN through the bottom of the rectangle as per yest chart.

When will it reverse? Before they could continue it up for Wed and Thurs but I think they are weakening they power and perhaps the push is only could for today.
---------
for this morning showing how the media is trying to spin positive -- total BS MSM spin:
"Oil prices rise as details of Saudi supply cuts start to emerge
By Amanda Cooper

LONDON (Reuters) - Oil prices rose for the first time in three days on Wednesday, following news of Saudi supply cuts to Asia, but persistent doubt over output reductions and signs of rising shipments from other producers kept gains in check.

Brent crude futures were up 52 cents at $54.16 a barrel by 0950 GMT (4:50 a.m. ET), while U.S. West Texas Intermediate crude futures were up 44 cents at $51.26 a barrel.

Brent has surrendered nearly 40 percent of the gains made between late November and early January. Analysts, however, said the slide was unlikely to become more aggressive, given the likelihood of Saudi Arabia and its Gulf neighbors at least sticking to their pledge to cut output.

"Few envision that Brent crude at sub-$50 a barrel is a viable price (in H1, or the first half of 2017) amid OPEC production cuts tightening up the market," SEB commodities strategist Bjarne Schieldrop said.

"If last night’s low of $53.58/barrel turns out to be the low point remains to be seen. However, we do think that buying in the territory between the current price of $53.88/b and down to $50/b is probably as good as it gets for buyers in H1."

Saudi Arabia, the world's top oil exporter, has told some of its Asian customers that it will reduce their crude supplies slightly in February.
"
Good trading to all
daytradingES
 
Posts: 1703
Joined: Thu Sep 13, 2012 10:46 am

Re: 01/11/2017 Live Update

Postby Cobra » Wed Jan 11, 2017 12:03 pm

looks like another range day, aka boring.
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: 01/11/2017 Live Update

Postby daytradingES » Wed Jan 11, 2017 12:03 pm

As expected initial push up as trump starts
perhaps peak at 69.75?
and then...
down?

it's just like an FOMC day - no but whipsaws
Good trading to all
daytradingES
 
Posts: 1703
Joined: Thu Sep 13, 2012 10:46 am

Re: 01/11/2017 Live Update

Postby fehro » Wed Jan 11, 2017 12:10 pm

/CL USOIL 60m back into resistance zone.. break down . .. of sloppy H&S 60m may stall and reverse soon.. not sure… DXY very strong.. only a matter of time.
Attachments
Screen Shot 2017-01-11 at 8.09.56 AM.png
fehro
 
Posts: 19687
Joined: Fri Sep 02, 2011 2:06 pm

Re: 01/11/2017 Live Update

Postby Eddie » Wed Jan 11, 2017 12:14 pm

Trumpster showtime
Eddie
 
Posts: 129
Joined: Thu Oct 16, 2014 3:21 pm

Re: 01/11/2017 Live Update

Postby brokebybernacke2 » Wed Jan 11, 2017 12:16 pm

ITS GONNA BE HUGE. DOW 20000 BY MY PRESS CONFERENCE, SO RICH, BUILD WALL.....CHINA, MEXICOOOOO... :D
brokebybernacke2
 
Posts: 752
Joined: Wed Sep 21, 2011 10:10 am

Re: 01/11/2017 Live Update

Postby fehro » Wed Jan 11, 2017 12:26 pm

Bios slammed and take NDX down to red
fehro
 
Posts: 19687
Joined: Fri Sep 02, 2011 2:06 pm

Re: 01/11/2017 Live Update

Postby fehro » Wed Jan 11, 2017 12:43 pm

fehro wrote:SPX careful here.. VIX very active.. 2267/63 SPX very key.. goes looking for a fast 10 point drop


Key time.. at 20d SMA
Attachments
Screen Shot 2017-01-11 at 8.42.18 AM.png
fehro
 
Posts: 19687
Joined: Fri Sep 02, 2011 2:06 pm

Re: 01/11/2017 Live Update

Postby fehro » Wed Jan 11, 2017 12:56 pm

fehro wrote:
fehro wrote:SPX careful here.. VIX very active.. 2267/63 SPX very key.. goes looking for a fast 10 point drop


Key time.. at 20d SMA


retesting neckline.. hourly .. trying to hammer
Attachments
Screen Shot 2017-01-11 at 8.56.14 AM.png
fehro
 
Posts: 19687
Joined: Fri Sep 02, 2011 2:06 pm

Re: 01/11/2017 Live Update

Postby Cobra » Wed Jan 11, 2017 1:07 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: 01/11/2017 Live Update

Postby Al_Dente » Wed Jan 11, 2017 1:30 pm

NYSE NEWS:
“NYSE plans to offer trading in all U.S. securities, including Nasdaq-listed symbols and all listed exchange traded products.”
“By year-end 2017, all NYSE markets will trade the full universe of 8,600 U.S. listed securities, including exchange traded products.”
[This will surely change the dynamics of the symbols $NYSE and $NYA, so PLEASE POST WHEN YOU SEE MORE DETAIL.]
http://ir.theice.com/press/press-releas ... -142606416


Tom DeMark:
NO DOW 20,000
[Jan. 6 Bloomberg interview]
http://www.zerohedge.com/news/2017-01-1 ... -hats-away
User avatar
Al_Dente
 
Posts: 16867
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/11/2017 Live Update

Postby fehro » Wed Jan 11, 2017 2:03 pm

SPX 20d testing again.. so key.. mind the open gap just below
Attachments
Screen Shot 2017-01-11 at 9.52.41 AM.png
fehro
 
Posts: 19687
Joined: Fri Sep 02, 2011 2:06 pm

Re: 01/11/2017 Live Update

Postby fehro » Wed Jan 11, 2017 2:04 pm

TLT on the move. DXY /UUP weekends.. GLD nears 50d SMA
Attachments
Screen Shot 2017-01-11 at 10.03.27 AM.png
fehro
 
Posts: 19687
Joined: Fri Sep 02, 2011 2:06 pm

Re: 01/11/2017 Live Update

Postby fehro » Wed Jan 11, 2017 2:07 pm

DXY pulls back testing breakout level again
Attachments
Screen Shot 2017-01-11 at 10.06.13 AM.png
fehro
 
Posts: 19687
Joined: Fri Sep 02, 2011 2:06 pm

Re: 01/11/2017 Live Update

Postby fehro » Wed Jan 11, 2017 2:27 pm

SPX LOD goes.. look for gap fill
Attachments
Screen Shot 2017-01-11 at 10.26.55 AM.png
fehro
 
Posts: 19687
Joined: Fri Sep 02, 2011 2:06 pm

Re: 01/11/2017 Live Update

Postby Al_Dente » Wed Jan 11, 2017 2:40 pm

PEOTUS: Pharma companies are “getting away with murder”
Reds on this heatmap are mostly pharma and biotech
http://finviz.com/map.ashx

111heat.png.png
User avatar
Al_Dente
 
Posts: 16867
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/11/2017 Live Update

Postby Cobra » Wed Jan 11, 2017 2:52 pm

double bottom may have chances.
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: 01/11/2017 Live Update

Postby te_fern » Wed Jan 11, 2017 2:55 pm

Bio leverage chart......
Attachments
LABU 5 Minute.PNG
te_fern
 
Posts: 75
Joined: Tue Nov 24, 2015 3:35 pm

Re: 01/11/2017 Live Update

Postby Eddie » Wed Jan 11, 2017 3:03 pm

Will interesting to see if ES can get through VWAP at round 63
Eddie
 
Posts: 129
Joined: Thu Oct 16, 2014 3:21 pm

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: Bing [Bot], Junior Buffett, q2model and 33 guests