Back to www.cobrasmarketview.com

07/10/2017 Live Update

fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 07/10/2017 Live Update

Post by fehro »

Al_Dente wrote:XLF still near double top resistance
Note the resistance from 2007 (this is a WEEKLY chart)
Ccatalyst may be Friday, when earnings season kicks off with four banks - C, JPM, WFC and PNC - reporting results,
accounting for roughly 5% of the S&P 500 by market cap.
The attachment 710xlf week.png.png is no longer available
XLF fwiw - weekly
Attachments
Screen Shot 2017-07-10 at 9.29.03 AM.png
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/10/2017 Live Update

Post by Al_Dente »

fehro wrote:
Al_Dente wrote:XLF still near double top resistance
Note the resistance from 2007 (this is a WEEKLY chart)
Ccatalyst may be Friday, when earnings season kicks off with four banks - C, JPM, WFC and PNC - reporting results,
accounting for roughly 5% of the S&P 500 by market cap.
XLF fwiw - weekly
WOW big difference...... i'll have to double check that !!!!!!
thanks boss
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/10/2017 Live Update

Post by Al_Dente »

big five tech, daily, with 10/20 EMAs
710big five.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/10/2017 Live Update

Post by Cobra »

the pullback will be bought.
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
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/10/2017 Live Update

Post by Al_Dente »

Al_Dente wrote:
fehro wrote:
Al_Dente wrote:XLF still near double top resistance
Note the resistance from 2007 (this is a WEEKLY chart)
Ccatalyst may be Friday, when earnings season kicks off with four banks - C, JPM, WFC and PNC - reporting results,
accounting for roughly 5% of the S&P 500 by market cap.
XLF fwiw - weekly
WOW big difference...... i'll have to double check that !!!!!!
thanks boss
The only way I can come close to fehro’s XLF weekly chart is if I use “dividend unadjusted”
(on stockcharts, just put an “underscore” before any symbol to get the “dividend unadjusted” price)
All charts on stockcharts adjust for dividends automatically, per my original XLF weekly chart
Here’s the “unadjusted” chart
710xlf unadjusted.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 07/10/2017 Live Update

Post by Daniel »

Very orderly, narrow-bar, steady advance for SPY since Friday's gap-and-go.

Steady grinding buying.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/10/2017 Live Update

Post by Al_Dente »

GDX is attempting the impossible: a bounce off a triple bottom
“Knock three times” formation suggests a breakdown
But volume suggests at least an interim bounce

We won’t know if it’s a triple bottom until it tells us
“Triples are rare, so price often continues down without confirming the triple bottom.”
http://thepatternsite.com/tb.html
And here’s a “Busted Triple Bottom”
“but nothing is perfect”
http://thepatternsite.com/BustTripleBots.html
710gdx day.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 07/10/2017 Live Update

Post by Trades with cats »

ES 09-17 (15 Min)  7_10_2017.jpg
Dashed line is weekly VWAP. Fuchsia is that 200 EMA cyan is of course the 20 EMA. From Friday's gap up it sure looks like a three push up move to me.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 07/10/2017 Live Update

Post by Trades with cats »

TF 09-17 (350 Tick)  7_10_2017.jpg
TF the R2K futures on a 350 tick extended trading hours chart.
This is a pattern I keep seeing where someone unleashes the
algos as soon as they only have to drag the US market up.
Problem is they are already at the speed limit of the US Regular
Trading Hours daily range high, not that the 20 day
average movement is absolute, but it is usually obeyed.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 07/10/2017 Live Update

Post by Trades with cats »

ES 09-17 (1000 Tick)  7_10_2017.jpg
Here is the same thing on the S&P 500 E-mini futures with a 1,000 tick bar.
Not even close to similar action.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 07/10/2017 Live Update

Post by Trades with cats »

Coolbizone has made a public post of his Wave Count for the S&P. He says the fractals are amazing.
https://pbs.twimg.com/media/DEZBAuFUAAE6wep.jpg:large
Image
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/10/2017 Live Update

Post by Al_Dente »

look what amazon is eating for lunch
710amzn lunch.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 07/10/2017 Live Update

Post by Trades with cats »

Pasta Boss you are so right that retail is hurting. With healthcare spending going up relentlessly and wages flat for nonsupervisory (the 80%) something has to be cut and shopping at the mall is it.

In regard to Amazon, some have pointed out that the real growth and profit margin is in cloud computing services, not the retail portion. But here is a different and interesting take on why the whales keep going up.
http://www.moneyballeconomics.com/heres ... to-invest/
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/10/2017 Live Update

Post by Cobra »

3 push up but I see bias still is up.
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.
Wallstreetrader
Posts: 975
Joined: Thu Mar 17, 2011 12:00 pm

Re: 07/10/2017 Live Update

Post by Wallstreetrader »

Sell signal (in), Yellen Plan ? (high risk but very good return/risk)
gap day 5 closed
Last edited by Wallstreetrader on Mon Jul 10, 2017 2:57 pm, edited 1 time in total.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 07/10/2017 Live Update

Post by Trades with cats »

Small caps back into the red.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/10/2017 Live Update

Post by Al_Dente »

Trades with cats wrote:Pasta Boss you are so right that retail is hurting. With healthcare spending going up relentlessly and wages flat for nonsupervisory (the 80%) something has to be cut and shopping at the mall is it.
In regard to Amazon, some have pointed out that the real growth and profit margin is in cloud computing services, not the retail portion. But here is a different and interesting take on why the whales keep going up.
http://www.moneyballeconomics.com/heres ... to-invest/
thanks boss :D
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 07/10/2017 Live Update

Post by Daniel »

SPY back to its struggles with the 20day MA.

Again, right on it. (242.60)
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/10/2017 Live Update

Post by Al_Dente »

HAPPY HOUR
matador.png (1).png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 07/10/2017 Live Update

Post by Daniel »

TRAN red
Post Reply