05/25/2017 Live Update

[fehro]

next trade…. watch /GC it could tank.. DXY at HOD

and /CL <50d/200d/50w sMA today.. not good DXY not going to help it .. /CL weekly candle "dark cloud" cover.. could see oil fall all summer into the fall.

[Al_Dente]

OIL people:
I luv this guy’s COLOR
He’s posing again on Twitter
@TrueSinews
https://pbs.twimg.com/media/DAr7lTXWAAActi-.jpg

[fehro]

next trade…. watch /GC it could tank.. DXY at HOD

and /CL <50d/200d/50w sMA today.. not good DXY not going to help it .. /CL weekly candle "dark cloud" cover.. could see oil fall all summer into the fall.

[fehro]

TRANS key time

[Al_Dente]

bc it reminds me of the “Chande Trend Meter” for momentum
I’m a sucker for anything that looks like ice cream

[Al_Dente]

Nearly all momentum indicators provide the same basic information.
“In the stock market, slowing momentum nearly always precedes reversals, but slowing momentum does not mean a reversal must follow.
The most consistently useful momentum indicator is breadth. If I had to rely on only one momentum indicator, that would be it.”
[Robert Prechter, April 2017]

[Daniel]

Major market breadth and up/down volume readings today are solidly bullish-- but nowhere as robust as price action has been.

[Al_Dente]

HAPPY HOUR

[Daniel]

Simultaneously, Dow Transports HOD

IBB lod

Rotational market, up near ATHs

[Daniel]

TLT also quite close to its HOD.

Retailing weak, several ETFs near their LOD.

[Trades with cats]

With that double top is the Fed trading desk going to unleash an epic ramp express to close at new highs or have they run out of fiats for today and this thing is rolling over to sell off into the close?

[Trades with cats]

yes a 15 minute ramp express. Next question is can they hold it into the Asian open tonight.

[Cobra]

breakout before the close, wow.

[Cobra]

members only update at 3:52 pm
http://www.cobrasmarketview.com/2017/05 ... ay-update/

[Cobra]

well, guess that's it for today. Friday tomorrow has been mixed. 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

[Trades with cats]

Failure by the market sure makes it hard to trade the close. A lot of excitment today but here we are very close to the overnight high so clearly a failure to ignite.

[Daniel]

Daily CMF, ChiOsc (money flow) metrics support the thesis that SPY is on a legitimate breakout.

No stochastic oscillators have rolled over yet. Actually steady or rising.