Cobra's Market View

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gap up, sounds like Wednesday again?

20d 50d key… Fri, before a long weekend, should be quiet.. Mon 1/2 Day Tuesday closed. Careful near last 30mins of day.. in case one big player hangs out and decides to do a sneak attack EOM, EOQ today.. (end of Month/quarter)

yesterday's sloppy invs H&S 5m fwiw.. SPX near resistance.. mind the gaps

members only update starts here: http://www.cobrasmarketview.com/2017/06 ... ay-update/

SPX 5m fwiw

New lows on $NDX yesterday: one out of 100, one, uno

REPOSTED from last night’s board, in case u missed it
See JUNE on the daily (as of last night’s close)
Compare the smooth QQQ bear described by inverted$VXN (second panel), with the
SPX bull bear bull bear bull bear bull bear etc., described by inverted$VIX (first panel)
“Astonishing” is not an exaggeration here

guess there'll be another push up before pullback possible.

Remember the old proprietary trading desks?
Is this just trivia; how will it affect us?
“In the last quarter of the year or first quarter of 2018, you will find more people leaving the hedge funds to join banks to run proprietary money,” said …[a guy who] hires for banks and hedge funds. “The banks will become more attractive in terms of jobs and pay.”
“"Macro as an overall strategy has recently experienced a prolonged phase of lackluster returns, triggering a number of unwinds at big shops," said… [another guy].”
https://www.bloomberg.com/news/articles ... k-to-banks

Why is the dow so strong?
NKE is only 1.71% of the dow
AD slight bull bias dissipated after the open, and is now FLAT CHOP 1-to-1 ish.... atm...

"Nike to start selling sneakers through online giant Amazon"
[AP]

NKE on track to post the biggest one-day gain since September 2015.
The price gain of $4.50 was adding about 32 points to the price of the Dow
[market watch, about 15 minutes ago]

edit:
Asked once before, will try again:
What is the math for that ““adding about 32 points to the price of the Dow””?

2435/6 key for the day ?

AAPL daily
Volume theory says that when you hit the same price level AGAIN on reduced selling volume, it’s a setup for at least an interim bounce (selling volume was not as strong yesterday as in the previous attempts, eg: selling volume is drying up a bit)
It’s just theory, and it often, not always works

SPX 5m fwiw .. uber anxious bull see a very sloppy invs H&S if HOD goes... otherwise .. possible triangle today 1/2 monday.. big move Wed..

Checking long term SPX daily with channels and ellipses ...

double bottom?

If you are looking for an energy news feed John Kemp at Reuters has a twitter feed he has put together that consolidates the feeds from the 40 reporters he considers the best sources.
https://twitter.com/JKempEnergy/lists/best-in-energy

Monthly SPX with MA 12