06/30/2017 Live Update

[Denali92]

Two things:

DAX has led the market this week and it is NOT HAPPY! It is below yesterday's lows.....

Here is a quick summary of a larger post that I am putting together on the 4th of July.

http://www.cobrasmarketview.com/2017/06302017-intra-day-update/

Be back later,

-D

[QED]

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

I could be wrong, but perhaps since (as of yesterday) NKE was weighted as 1.71% of the DJIA:
http://indexarb.com/indexComponentWtsDJ.html

then 1.71 x 8.8% (approx increase today) = .15%
DJIA (today) = ~ 21,346 x .15% (from above) = ~ +32.12

My best guess …

[Al_Dente]

...What is the math for that ““adding about 32 points to the price of the Dow””?

I could be wrong, but perhaps since (as of yesterday) NKE was weighted as 1.71% of the DJIA:
http://indexarb.com/indexComponentWtsDJ.html
then 1.71 x 8.8% (approx increase today) = .15%
DJIA (today) = ~ 21,346 x .15% (from above) = ~ +32.12
My best guess …

THANK YOU SO VERY MUCH

[Cobra]

members only update at 12:02 pm
http://www.cobrasmarketview.com/2017/06 ... ay-update/

[fehro]

Huge Bond action last few days… and bonds could break down VERY hard.. question is where does the money go? .. DXY USDollar AND … look toward commodities?… commodity stocks?…. DBA, DBC, etc.. Ready for hyper inflation??? Buckle up

DBC - daily
TLT weekly

[Al_Dente]

Follow-up on that “astonishing” inverted$VIX chart I posted last night and early this morning:
Slap a more generous MA (89) on it (middle panel)……… now see june….there u go……..much smoother for mid-term.......

[Al_Dente]

Bottom panel: SPY has been known to bounce when it gets this far below its 20 (%B 20,2)

[Al_Dente]

NKE is now up almost 12%

[Daniel]

Huge Bond action last few days… and bonds could break down VERY hard.. question is where does the money go? .. DXY USDollar AND …

Maybe the Euro? Eur/Usd at or near a 52 week high.

[Al_Dente]

HOLIDAY HAPPY HOUR officially starts early............ bye bye

[fehro]

Huge Bond action last few days… and bonds could break down VERY hard.. question is where does the money go? .. DXY USDollar AND …

Maybe the Euro? Eur/Usd at or near a 52 week high.

not sure.. Europe still full of risks.. Greece, Italy, DB.. trust GBP or USD more?

GBPUSD & GBPEUR weekly fwiw

[te_fern]

Pasta Boss, the dow jones has a divisor to determine the impact of the individual stock moves. See this from Widipedia

The value of the Dow is not the actual average of the prices of its component stocks, but rather the sum of the component prices divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index. Since the divisor is currently less than one, the value of the index is larger than the sum of the component prices.

Current Divsor: (divisor: 0.14602128057775)

[Cobra]

testing day high.

[fehro]

as per usual..very quiet Friday before a long weekend.. mind the late hour move by a hedge fund.. near EOD .. sneak attack when everyone is gone for the weekend.

Inside days.. "nothing burgers" for the long weekend

[fehro]

as per usual..very quiet Friday before a long weekend.. mind the late hour move by a hedge fund.. near EOD .. sneak attack when everyone is gone for the weekend.

Inside days.. "nothing burgers" for the long weekend

missed TRANsport.. wow.. nHOW, nHOM, pressing HOY

[Cobra]

the pullback will be bought.

[fehro]

http://www.zerohedge.com/news/2017-06-30/honey-i-shrunk-vix

[Cobra]

breakout more likely.

[Cobra]

members only update at 3:52 pm
http://www.cobrasmarketview.com/2017/06 ... ay-update/

[Cobra]

well, guess that's it for today. Monday has been bull friendly recently. thank you guys, I'll see you in another thread soon.

please don't forget our weekly sentiment poll which will be posted right after the close.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp