02/21/2017 Live Update

[uempel]

SPX weekly shows strong resistance close by. Note that this is a long term weekly chart covering 20 years - it's not very precise.

SPX weekly log

[BullBear52x]

If this turn no new LL, bears are doomed once more.

[uempel]

Anything with bonds I think you must remember it has been a 30 year bull so past results are just that.

Yeah, of course. But that's the given assumption. We all believe that this time it's different, that the 30 year bond bull is over ...

[Al_Dente]

Urban Camel reminds us that although the current uptrend streak is exceptional, it can go much longer, and
significant tops don’t start when streaks like this end. They have to weaken first
https://pbs.twimg.com/media/C5Cq_4aUkAAmtKZ.jpg

[BullBear52x]

Chart for the road: If bears learned anything from these past regain in price, beware, tomorrow might be different, but last few times did't turn out good for bears so...a closed well below the red zone will be something to lookout to for overnight bears holding. Price pays. Peace!

[Al_Dente]

late HAPPY HOUR

[Al_Dente]

WEEKLY momentum measured by stochastics at default 14, and RSI at 5.
This is nosebleed territory, but historically it has been higher (red boxes)

[Trades with cats]

Average Daily Range from Regular Trading hours.
Today so far 12 points
10 day average 12.00
20 day average 12.75
for what it is worth.
Only during the first 45 minutes was price more than one standard deviation beyond Daily VWAP, untill now when they are pressing to close close to the highs.
I am trying out an oscillator (zero lag MACD) that marks up the chart.

[jungle trunks]

Quite a long channel paved in blood for the poor techie shorts who didn't get out of the way.

[BullBear52x]

Dr. Al, you see the sign?

[Al_Dente]

Dr. Al, you see the sign?

https://www.youtube.com/watch?v=7lvsBBNV-U4

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2017/02 ... ay-update/

[Trades with cats]

Quite a long channel paved in blood for the poor techie shorts who didn't get out of the way.

When a sovereign player who can effectively print as much fiat currency as they wish keeps putting billions into the US equity market they play by the golden rule, you know, he who has the gold makes the rules. Eventually currency maipulation has large scaple problems but in the short run it is an amazing tool. Problem is eventually the US market will come down and there is no way the Swiss can get all those billions out quickly, let alone the other CB's that are playing the same game.

[Cobra]

well, guess that's it for today. Wednesday tomorrow has been very bull friendly recently. 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

[Al_Dente]

Eventually this will top out, but it doesn’t help much when zh posts crash predictions every hour (which they've been doing since 2009)

[Cobra]

Eventually this will top out, but it doesn’t help much when zh posts crash predictions every hour (which they've been doing since 2009)

[jungle trunks]

Eventually this will top out, but it doesn’t help much when zh posts crash predictions every hour (which they've been doing since 2009)

You'd think David Stockman was running the place