Back to www.cobrasmarketview.com

   

06/29/2017 Live Update

Re: 06/29/2017 Live Update

Postby Al_Dente » Thu Jun 29, 2017 2:37 pm

Should be just a “dead cat” bounce up to declining MAs
But squeeze potential EVERYWHERE (except Q?) as bears race to cover and lock in their hard-won profits
User avatar
Al_Dente
 
Posts: 18790
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Postby Cobra » Thu Jun 29, 2017 2:39 pm

rebound to fib 38.2%, might be more. the rebound could be 2 legged.
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: 38196
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/29/2017 Live Update

Postby Al_Dente » Thu Jun 29, 2017 2:40 pm

eg: UVXY lost 1.5 points
covering
User avatar
Al_Dente
 
Posts: 18790
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Postby Al_Dente » Thu Jun 29, 2017 2:45 pm

Big Tech, stacked, daily
50ema in blue (per daniel’s earlier blogosphere note)
Not on this chart: MUST CHECK VOLUME ON EACH ONE AT EOD, that’s the key

629agmaf day.png
User avatar
Al_Dente
 
Posts: 18790
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Postby Trades with cats » Thu Jun 29, 2017 2:50 pm

Super Mario articulated that the rules have changed. That was very clear. We will get more confirmation and guidance at the G-20 next week. Should be lots and lots of ink spilled by clever people over the next couple of weeks with new ideas on how to play things, but today makes it clear, this is a new game. Not saying bear, just saying this is a new game. It is called a rising rate environment. This isn't Andy Jackson defending New Orleans either, the market won't wait to see the rise, it is moving because it believes it is coming.

We have had how many talks from the Fed over the last 30 or 45 days or so prepping us for the big news. Everybody has told us that they expect markets to drop, that markets are overpriced, running on fumes and that the drop will not turn into a crisis. Now we have the main message, we are all needing to do this and they do not want George Soros to take advantage and make a second fortune. Seems like a reasonable way out of a really ugly situation.

Remember the taper tantrum? They are presenting even more devastating news and guess what, so far just a little whining from the markets.
Trades with cats
 
Posts: 3969
Joined: Sat Oct 11, 2014 4:40 pm

Re:

Postby Heck » Thu Jun 29, 2017 2:50 pm

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


Nice one
Heck
 
Posts: 671
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

Re: 06/29/2017 Live Update

Postby Daniel » Thu Jun 29, 2017 2:52 pm

Daniel wrote:IWM dancing just above and below its 20day MA here (ca140.50)

IWM holding above it now, but cannot grasp the distinction of being the only major index to cross its 15min 20ema to the upside. SPY has failed, and QQQ never even came close.

IWM @ ca140.70
Daniel
 
Posts: 2165
Joined: Fri Feb 10, 2012 4:27 pm

Re: 06/29/2017 Live Update

Postby Al_Dente » Thu Jun 29, 2017 3:01 pm

User avatar
Al_Dente
 
Posts: 18790
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Postby fehro » Thu Jun 29, 2017 3:03 pm

bulls see invs H&S for a sharp up move.. or triangle..
Attachments
Screen Shot 2017-06-29 at 12.03.12 PM.png
fehro
 
Posts: 21142
Joined: Fri Sep 02, 2011 2:06 pm

Re:

Postby tsf » Thu Jun 29, 2017 3:07 pm

Your market calls have been quite good, Mr M ! :D


MrMiyagi wrote:Might be a decent spot to go long here, if you have spare funds.
tsf
 
Posts: 435
Joined: Tue Feb 15, 2011 7:49 am

Re: 06/29/2017 Live Update

Postby Al_Dente » Thu Jun 29, 2017 3:14 pm

FYI, FWIW
Smalls 5min
The bb52x bolinger: sometimes it’s spot on
Sometimes price ignores it for a bit (like yesterday)
Cyan circles
628bol 5.png.png
User avatar
Al_Dente
 
Posts: 18790
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Postby Al_Dente » Thu Jun 29, 2017 3:21 pm

dang, even the weakling QQQ is attempting intraday higher lows
User avatar
Al_Dente
 
Posts: 18790
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/29/2017 Live Update

Postby Junior Buffett » Thu Jun 29, 2017 3:22 pm

LOL...BEARS are done...short lived happiness...back to business..like I said, this BULL is the most mighty even experienced in history..2500 next on S & P
User avatar
Junior Buffett
 
Posts: 969
Joined: Mon Apr 15, 2013 4:39 pm

Re: 06/29/2017 Live Update

Postby Cobra » Thu Jun 29, 2017 3:32 pm

rebound to fib 50%. should still 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: 38196
Joined: Sat Feb 12, 2011 10:29 pm

Postby MrMiyagi » Thu Jun 29, 2017 3:37 pm

GO JANET GO YOU OLD BAG!!!!
User avatar
MrMiyagi
 
Posts: 9918
Joined: Sun Oct 16, 2011 12:48 pm

Re: 06/29/2017 Live Update

Postby Daniel » Thu Jun 29, 2017 3:39 pm

Cobra wrote:rebound to fib 50%. should still have legs.

SPY still struggling w that level.
Daniel
 
Posts: 2165
Joined: Fri Feb 10, 2012 4:27 pm

Re: 06/29/2017 Live Update

Postby Cobra » Thu Jun 29, 2017 3:41 pm

maybe a little bit bigger pullback this time as i see expanding triangle.
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: 38196
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/29/2017 Live Update

Postby fehro » Thu Jun 29, 2017 3:49 pm

trying to paint them pretty :roll:
Attachments
Screen Shot 2017-06-29 at 12.48.18 PM.png
fehro
 
Posts: 21142
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/29/2017 Live Update

Postby Cobra » Thu Jun 29, 2017 3:54 pm


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: 38196
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/29/2017 Live Update

Postby Cobra » Thu Jun 29, 2017 3:57 pm

well, guess that's it for today. Friday tomorrow has been generally bull friendly. 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
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: 38196
Joined: Sat Feb 12, 2011 10:29 pm

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: Bing [Bot], clovernmt, fishpet1, gladtohelpuall, Google Adsense [Bot], Junior Buffett, K447 and 33 guests