Back to www.cobrasmarketview.com

   

07/01/2017 Weekend Update

07/01/2017 Weekend Update

Postby Cobra » Fri Jun 30, 2017 4:17 pm

The institutional buying and selling chart from stocktiming shows more accumulation than distribution, so a few weeks of more accumulation and a few weeks of more distribution, to me it just argues a range market.
Attachments
inst b sell.png
inst b sell.png (10.02 KiB) Viewed 1512 times

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: 38239
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/01/2017 Weekend Update

Postby Cobra » Fri Jun 30, 2017 4:19 pm

don't forget our weekly sentiment poll here: viewtopic.php?f=9&t=2521

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: 38239
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/01/2017 Weekend Update

Postby Cobra » Fri Jun 30, 2017 4:22 pm

No stock picks for the next week. Here's the latest strong stock count:
viewtopic.php?f=10&t=2523

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: 38239
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/01/2017 Weekend Update

Postby Al_Dente » Fri Jun 30, 2017 5:48 pm

This is the official calendar from House Majority Leader Kevin McCarthy.
The House of Representatives will only be in session for 147 days in 2017. They have 218 days off this year, including the entire month of August. :roll:

house calendar.png.png
User avatar
Al_Dente
 
Posts: 18871
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/01/2017 Weekend Update

Postby Al_Dente » Fri Jun 30, 2017 6:05 pm

Historically, THE DOW and SEMICONDUCTORS and SMALL CAPS have been known as “leaders”.
Circles here just describe if they are currently above or below their bb centerlines 20ma
630leaders.png

Eventually, when the markets mean-revert, will these leaders lead down?
Just for fun, let’s see who signaled down first at the BIG TOP in October 2007
NO I am not suggesting a crash, quite the contrary, this is just a very selective study of the so-called “leaders” at a key time
As far as I can see, by the time the big top hit in October 2007, the following were already signaling DOWN,
all via negative divergences: XLF, $RUT, $SOX and maybe $TRAN
The dow $INDU and the nasdaq $COMPQ both made new highs
To repeat: the dow $INDU, the so-called “leader”, DID NOT LEAD DOWN, big mistake
Anyway, “this time will probably be different.”
630sectors 2008.png
User avatar
Al_Dente
 
Posts: 18871
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/01/2017 Weekend Update

Postby Al_Dente » Sat Jul 01, 2017 2:49 pm

heat map ONE WEEK PERFORMANCE
[edit: few days ago it was reported that Buffett was now BAC's biggest shareholder]
71heat 1 wk.png.png
User avatar
Al_Dente
 
Posts: 18871
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/01/2017 Weekend Update

Postby Al_Dente » Sat Jul 01, 2017 2:55 pm

Art Hill’s seasonality table shows July August September odds
(I see anything slightly above/below 50% odds as “coin-toss” months)
http://stockcharts.com/articles/chartwa ... ummer.html

And here is the Bespoke view of seasonality. July is the thick red line [posted 6/30/17]
https://pbs.twimg.com/media/DDl1vWeXsAU_Yhk.jpg

Bespoke data favors bulls NEXT WEEK
“July 4th has typically been a positive week for equities, especially after a strong first half.”

https://pbs.twimg.com/media/DDlF6dYVoAANBUP.jpg
User avatar
Al_Dente
 
Posts: 18871
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/01/2017 Weekend Update

Postby Al_Dente » Sat Jul 01, 2017 4:24 pm

85.7% chance of S&P 500 gains on July 3
[Almanac]
User avatar
Al_Dente
 
Posts: 18871
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/01/2017 Weekend Update

Postby tsf » Sun Jul 02, 2017 1:42 am

Source: @MrTopStep https://mrtopstep.com/big-pharma-turns- ... igns-deal/

Big pharma turns to AI to speed drug discovery, GSK signs deal
Saturday, July 1, 2017 ReutersNews, stream

LONDON (Reuters) – The world’s leading drug companies are turning to artificial intelligence to improve the hit-and-miss business of finding new medicines,
with GlaxoSmithKline unveiling a new $43 million deal in the field on Sunday July 2, 2017.
tsf
 
Posts: 435
Joined: Tue Feb 15, 2011 7:49 am

Re: 07/01/2017 Weekend Update

Postby te_fern » Sun Jul 02, 2017 4:39 pm

Pasta Boss, near the end of Friday I noted the calculation for the dow. I don't know if you saw it..
te_fern
 
Posts: 861
Joined: Tue Nov 24, 2015 3:35 pm

Re: 07/01/2017 Weekend Update

Postby Al_Dente » Mon Jul 03, 2017 9:19 am

te_fern wrote:Pasta Boss, near the end of Friday I noted the calculation for the dow. I don't know if you saw it..

got it, thanks boss :D
User avatar
Al_Dente
 
Posts: 18871
Joined: Thu Jul 21, 2011 2:29 pm


Return to Traders Lounge

Who is online

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