05/31/2017 Live Update

[Al_Dente]

[Trades with cats]

Pasta Boss, with 10 mega caps holding up the market AND a high level of index funds when (maybe not in Janet Yellen's lifetime) a down market cycle starts the ETF selling will force Apple etc. down even if the hedge funds hold on. Goldman wrote a week or two ago about how Simon Properties, the mall owner, had over half their shares held by ETF's and index funds so when commercial REITS roll over they will get killed regardless of their own situation.

Your link also implies a way to be market neutral, short the ETF and go long the titanic ten.

[fehro]

Tryin to hammer 'em.. Transports green.. TLT toppy.

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2017/05 ... ay-update/

[Al_Dente]

Thanks cats boss
ELSEWHERE: BANKS
For the first time since last October, GS, the heaviest guy in the dow, is toying with its 200 day simple-moving-average, after breaking down today. Positive divergences suggest an impending bounce, but it would be dead-cat until proven otherwise.
There are some interesting H&S formations in the works here

[Cobra]

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