01/12/2017 Live Update

[Denali92]

Just a little info on Monday's holiday - there is no edge.

Opex Monday holidays do not occur that often - last time in January was in 2012.

http://www.cobrasmarketview.com/2017/01 ... ay-update/

Mostly radio silence from me, as my work provides no edge right now.

-D

[fehro]

INDEX days

[uempel]

30 minutes until London closes. It seems half hour either side is often a turning point in the morning direction. Right now it is turning to new lows.

London? Brits say that Christopher Steele is "a highly regarded professional"

https://www.theguardian.com/us-news/201 ... ier-author

[JFR]

Overnight gap down. Finding some support.

[JFR]

Red day on the DOW.

[Al_Dente]

Red day on the DOW.

thanks boss
red here too
http://finviz.com/map.ashx

[Cobra]

1st test of ema20 in 2 hours, should be some sellers here.

[JFR]

marketwatch ...

U.S. stocks slumped Thursday as investors appeared disappointed by a lack of policy detail in President-elect Donald Trump’s first formal news conference Wednesday.

Equity markets have been trading mostly sideways as investors begin to question the run-up in stock prices following the election on Trump’s promises of fiscal stimulus.

On Thursday, the Dow DJIA, -0.80% slumped 167 points, or 0.8%, to 19,789, erasing Wednesday’s nearly 100-point gain. The declines were broad-based, with 26 of the 30 components trading lower. Microsoft Corp. MSFT, -1.72% and Intel Corp. INTC, -1.07% led the losses, down more than 1%.

The S&P 500 index SPX, -0.70% fell 18 points, or 0.8%, to 2,256 with nearly all 11 main sectors trading lower. Technology and financials led the declines.

Both the S&P 500 and the Dow were on track for their worst one-day declines since Oct. 11, according to FactSet data.

“The Trump rally has exhausted itself, and it’s natural to see a pullback after a strong advance,” said Joe Saluzzi, partner, co-head of Equity Trading at Themis Trading. “Investors are probably repositioning and getting ready to hear from companies as earnings season begins.”

The Nasdaq Composite COMP, -0.95% experienced a sharp 1.1% drop, off 62 points, to 5,501, retreating sharply from its record close set on Wednesday. Biotech losses weighed on the index, after Trump said drug companies were “getting away with murder” at his Wednesday news conference, which dragged the exchange-traded iShares Nasdaq Biotechnology ETF IBB, -0.53% lower.

Saluzzi said investors completely shifted their focus to the prospects of fiscal stimulus, after being dependent on the Fed since the financial crisis.

“For the past seven years it was all about the Federal Reserve and monetary policy. Investors could count on the Fed to come to the rescue any time stocks fell. Now, it seems like nobody is even paying attention to Fed officials when they speak,” said Saluzzi.

Thursday’s pullback in equities also come as St. Louis Fed President James Bullard said fiscal proposals discussed by Trump aren’t likely to take hold until 2018 or 2019. He also said the U.S. economic environment remains one in which low interest rates are prevalent.

http://www.marketwatch.com/story/dow-fu ... 2017-01-12

[JFR]

Red day on the DOW.

thanks boss
red here too
http://finviz.com/map.ashx

Thanks, Boss. That is indeed a "rosy" picture.

[Trades with cats]

Oh come on! VWAP, Keltner and yesterdays low all sitting at the 38.2 % retrace of the days range and we can't get there? Someones co-located server is unplugged in Mattawan.

[JFR]

From Arthur Hill. Back later ...

[Al_Dente]

HUMOR BREAK
In an interview posted yesterday, Peter Thiel, Trump's sole Silicon Valley supporter, opined about the Billy Bush sex tape, saying that Silicon Valley is "hyper-politically correct about sex" simply because "people there just don't have that much sex."
https://www.nytimes.com/2017/01/11/fash ... .html?_r=1

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2017/01 ... ay-update/

[fehro]

/CL 60m "possible" H&S .. also visible on the daily fwiw.. should we stall here and make lower lows..

[fehro]

minor invs H&S SPX 5m

[BullBear52x]

bullish reversal, bulls are fighting back now. buy.

[Trades with cats]

Massive VIX warning- http://www.activetradingpartners.com/1538-2/

No idea about the quality of this site, Economaters which is either good or a shill for services (article by article variance) tweeted it, and knowing how popular VIX watching is I thought it best to pass it along.

[fehro]

bouncey bounce

[BullBear52x]

bulls need to fight this out, clockworks, sell.

[fehro]

Massive VIX warning- http://www.activetradingpartners.com/1538-2/

No idea about the quality of this site, Economaters which is either good or a shill for services (article by article variance) tweeted it, and knowing how popular VIX watching is I thought it best to pass it along.

VIX monthly fwiw. Long long term levels.