Back to www.cobrasmarketview.com

   

06/29/2017 Live Update

Re: 06/29/2017 Live Update

Postby Al_Dente » Thu Jun 29, 2017 12:17 pm

Cobra wrote:members only update at 12:10 pm
http://www.cobrasmarketview.com/2017/06 ... ay-update/

WOW
:o
User avatar
Al_Dente
 
Posts: 18781
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Postby Al_Dente » Thu Jun 29, 2017 12:27 pm

Those $VIX-futures traders, VXX and UVXY are very bear-spy today
User avatar
Al_Dente
 
Posts: 18781
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Postby Al_Dente » Thu Jun 29, 2017 12:32 pm

eg: VIX is up 20%, and UVXY is up 10%
[edit: FYI: VIX was still in contango last night]
Last edited by Al_Dente on Thu Jun 29, 2017 12:45 pm, edited 1 time in total.
User avatar
Al_Dente
 
Posts: 18781
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Postby Al_Dente » Thu Jun 29, 2017 12:36 pm

Even the banks can’t stop today’s train wreck………….. yet……….
Most of those gap candles turned black, black as night
Daily
629banks.png.png
User avatar
Al_Dente
 
Posts: 18781
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Postby Al_Dente » Thu Jun 29, 2017 12:39 pm

Al_Dente wrote:And yes, the bears took control of the AD (on weak-ish volume)
NY declining stocks = 2.4 x advancing stocks
NY declining volume = 1.2 x advancing volume
Nasdaq declining stocks = 2.5 x advancing stocks
Nasdaq declining volume = 1.6 x advancing volume

NY declining stocks = 3 x advancing stocks
NY declining volume = 1.5 x advancing volume

Nasdaq declining stocks = 2.5 x advancing stocks
Nasdaq declining volume = 2.2 x advancing volume
User avatar
Al_Dente
 
Posts: 18781
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Postby Wallstreetrader » Thu Jun 29, 2017 12:41 pm

Time to end monday plan time to dip
Bull Market No dought !
Wallstreetrader
 
Posts: 862
Joined: Thu Mar 17, 2011 12:00 pm

Re: 06/29/2017 Live Update

Postby Al_Dente » Thu Jun 29, 2017 12:48 pm

Shite I’m hogging the board again
Where is my old buddy Bullbear52x, boy do I miss him
Where is the Fern, I like his stuff
User avatar
Al_Dente
 
Posts: 18781
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Postby Al_Dente » Thu Jun 29, 2017 1:12 pm

Al_Dente wrote:eg: VIX is up 20%, and UVXY is up 10%
[edit: FYI: VIX was still in contango last night]

$VIX is up 30%, and UVXY is up 19%
User avatar
Al_Dente
 
Posts: 18781
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Postby fehro » Thu Jun 29, 2017 1:16 pm

fehro wrote:
fehro wrote:be so careful.. NDX "could" waterfall today.. QQQs under $138 ish with conviction.. look for $6.75 dollar drop.. fast ish


look to 50d SPX if we start to move fast 2409 .. that's 20 points from here


almost there :) 2 points :roll:
fehro
 
Posts: 21138
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/29/2017 Live Update

Postby Cobra » Thu Jun 29, 2017 1:25 pm

now maybe it's safe to say this bear shall have legs.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 38188
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/29/2017 Live Update

Postby Al_Dente » Thu Jun 29, 2017 1:27 pm

HUMOUR BREAK:
In related news: semis rollover, pigs get caught
“Pigs are everywhere”
http://www.cbsnews.com/news/hogs-escape ... overturns/
User avatar
Al_Dente
 
Posts: 18781
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Postby fehro » Thu Jun 29, 2017 1:28 pm

fehro wrote:
fehro wrote:be so careful.. NDX "could" waterfall today.. QQQs under $138 ish with conviction.. look for $6.75 dollar drop.. fast ish


'IF" QQQ breaks 138, 137.80 with conviction aka sharp drop under.. with volume target open gap 133.80-132.60 then 132.43.. horiz support.. H&S target iffy.. 131.40



SPX 2405 May highs.. support zone 50d support here 2408.80
Attachments
Screen Shot 2017-06-29 at 10.26.49 AM.png
fehro
 
Posts: 21138
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/29/2017 Live Update

Postby trader24 » Thu Jun 29, 2017 1:35 pm

Cobra wrote:now maybe it's safe to say this bear shall have legs.


What is your target?
trader24
 
Posts: 9
Joined: Tue Oct 18, 2011 10:46 am

Postby MrMiyagi » Thu Jun 29, 2017 1:36 pm

Might be a decent spot to go long here, if you have spare funds.
User avatar
MrMiyagi
 
Posts: 9917
Joined: Sun Oct 16, 2011 12:48 pm

Re:

Postby Daniel » Thu Jun 29, 2017 1:49 pm

MrMiyagi wrote:Might be a decent spot to go long here, if you have spare funds.

XLF coming up, strongly, from its major gap-fill of this morning..
Daniel
 
Posts: 2165
Joined: Fri Feb 10, 2012 4:27 pm

Re: 06/29/2017 Live Update

Postby Daniel » Thu Jun 29, 2017 1:53 pm

From the blogosphere:

"All five FAANG stocks (FB AMZN AAPL NFLX GOOGL) are now below their 50-DMAs, for the first time since 2/16/16."

fwiw
Daniel
 
Posts: 2165
Joined: Fri Feb 10, 2012 4:27 pm

Re: 06/29/2017 Live Update

Postby fehro » Thu Jun 29, 2017 1:54 pm

fehro wrote:be very careful today.. potential crash move.. NDX on such key level and a huge cliff.. Put/Call at extreme, TRINs has been active weird last 2 days… could see a very sharp crash move down.. be ready.. fwiw. :roll:


wasn't that fun! :roll: :)
fehro
 
Posts: 21138
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/29/2017 Live Update

Postby Al_Dente » Thu Jun 29, 2017 1:59 pm

Three months ago, GS said that the Fed appeared to have lost control of the market.
Two months ago GS doubled down, and asked - again - if Yellen has lost control of the market, and warned that only a "policy shock" may be left to normalize the market's "reaction function"to what the Fed was saying... and doing.
Now, moments ago, St. Louis Fed President James Bullard effectively confirmed that Goldman was right:
FED'S BULLARD SAYS FINANCIAL MARKET REACTION TO MARCH TIGHTENING HAS NOT BEEN GOOD, WOULD HAVE EXPECTED YIELDS TO RISE WITH POLICY RATE
FED'S BULLARD SAYS NEED TO CREATE POLICY SPACE IN GOOD TIMES IN CASE NEED MORE QE IN FUTURE
User avatar
Al_Dente
 
Posts: 18781
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Postby Daniel » Thu Jun 29, 2017 2:02 pm

Spy suffers 2nd reject at the 5min 20ema today

IWM dancing just above and below its 20day MA here (ca140.50)
Daniel
 
Posts: 2165
Joined: Fri Feb 10, 2012 4:27 pm

Re: 06/29/2017 Live Update

Postby johnnywa » Thu Jun 29, 2017 2:23 pm

Bouncing back strong
johnnywa
 
Posts: 1020
Joined: Tue Aug 23, 2011 11:09 am

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: Bing [Bot] and 15 guests