02/28/2017 Live Update

[Cobra]

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no idea up or down here, need see more bars.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/02 ... ay-update/

[QED]

On a monthly chart, the /ES is the 2nd farthest away from it's 20 SMA since 1998.
Only 2009 was farther.

[uempel]

I've been posting this chart several times. So far upper Andrews Fork resistance is holding.

[uempel]

SPX 5 min channel

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2017/02 ... ay-update/

[TraderJoe]

Bear flag???

[QED]

Traders are flattening their positions ahead of Trump delivering his first State of the Union address tonight.

[QED]

March’s first trading day historically bullish
http://jeffhirsch.tumblr.com/post/15779 ... ly-bullish

[Cobra]

touch the blue line then breakout is more likely.

[Al_Dente]

NO POLITICS please:
A global crackdown …"Gag order" on major brokerage analysts and strategists (many, not all)
No "unsupervised" public appearances. Keep your comments politically neutral
…reducing the number of staff approved to talk to the press and requiring bankers to notify public relations whenever they meet with a reporter…
“reeks of censorship”
“Very soon not a single European currency strategist may be left speaking.”
http://www.zerohedge.com/news/2017-02-2 ... litics-air

And yesterday:
“New Rules [in Europe] Force Banks To Charge For Research; Hedge Funds Push Back: "We Won't Pay For Crap"
…and that is when the big cuts (to the analyst workforce) at the global banks will come.
http://www.zerohedge.com/news/2017-02-2 ... e-pay-crap

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2017/02 ... ay-update/

[uempel]

As to ZeroHedge:

Whoever worked for a bank in the last few years knows that the contract is about 200 pages thick. It's kind of obvious that one of the paragraphs prohibits employees from blaring out their personal political ideas ... What's all the fuss about?

[uempel]

Checking in on the SPX 5 min channel:

[uempel]

SPX fell out of the channel 3 minutes ago ...

Checking in on the SPX 5 min channel:

The attachment gztrf.png is no longer available

[Trades with cats]

I do not know who reads the analysts reports. It seems they are mostly used for mocking articles about how they change their rating to sell one week after a bankruptcy filing. Also I suppose without them we would not have all those great looking charts showing all the quarterly earnings downgrades. Possibly in the world of managed pension funds they are used to justify positions but outside of government and unions I don't think many of those are left.

[Trades with cats]

Small caps have had a nice steady down move all day. Calculated from RTH they are 2 points above the bottom of the 20 day average daily trading range, while calculated from 24 hour trading they are there at 1389.5. Either way not much down room left unless this is going to be very unusual.

[Cobra]

some supports here.

[Trades with cats]

ES is still 7 points above the ADR low but it has all the central bank and sovereign wealth money to help buffer any sudden movers.

[Cobra]

wow, finally maybe just maybe this bear has legs.