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bias is up. Must be very good news from Europe...

members only update starts here: http://www.cobrasmarketview.com/2017/07 ... ay-update/

Cobra wrote: bias is up. Must be very good news from Europe...

Yellen : http://www.zerohedge.com/news/2017-07-1 ... e-increase

Fed Chair Janet Yellen's prepared remarks confirm her previous stance that they will keep normalizing their policy stance (no matter what), bringing forward the timeline for unwinding the balance sheet, and adding that "rates won't have to rise much further to get to neutral." This seems like a 'dovish' tilt, and judging by the reaction in stocks (higher) and the dollar (lower) it agrees.



mind the head fake.. DXY reversed from oLOD, Bonds up.. mind the indexes morning gap.

Small caps on fire since the open, waiting for later when the Bloomberg chart of the most shorted index shows that the squeeze is on.
We have seen this playbook before. Yesterday they hit the VIX hard and now here we are with Fed testimony (like the chair is EVER going to say to Congress "none of you idiots are going to get re-elected because I am plunging us into a depression") and they squeeze the heck out of the shorts hoping to ignite animal spirits.

might be an uptrend day.

dabble short 2442 SPX

News service recap said there was nothing new in Chair Yellen's speech. Twitter users are pointing ot that the financials have ignored this, so it is looking like an algo driven excuse to move the market. The big question remains, who will ask the stupidest question and will there be anything worthy of mockery by late night TV comedians ?

As we wait momentum has shifted to neutral and it is beginning to look rangey.

https://youtu.be/TPPDSdNERSg
Opening remarks, then Yellen reads her speech, then the fun begins.

Careful on AAPL … could see a big move .. 5 day uptrend, 5m.. it goes.. possible sharp drop coming daily AAPL red at LOD as QQQ stalls

Put/Call drops to extreme 0.65 too many bulls, equities Put/Call just 0,92

Negative div. you know the rest
Yellen dind't make the home work
Here comes the flush... 2415/6 ?

*Yellen - tapering very soon
Yellen - blah blah same blah blah...

the pullback might be bought.

Wallstreetrader wrote:Negative div. you know the rest
Yellen dind't make the home work
Here comes the flush... 2415/6 ?

*Yellen - tapering very soon
Yellen - blah blah same blah blah...

need to update your photo..

http://www.businessinsider.com/ubs-trad ... cut-2016-9

, now is quantos robots pc's

Wallstreetrader wrote: , now is quantos robots pc's

"strong labour market..." - Yellen Does that include robots?

fehro wrote:

Wallstreetrader wrote: , now is quantos robots pc's

"strong labour market..." - Yellen Does that include robots?

maybe robts calculated x 100 ?
it could be

Wallstreetrader wrote:

fehro wrote:

Wallstreetrader wrote: , now is quantos robots pc's

"strong labour market..." - Yellen Does that include robots?

maybe robts calculated x 100 ?
it could be

could be .. do the 100x the work in 1/100th of the time..

Cobra wrote:might be an uptrend day.

At 1pm, both Naz and NYSE up/down volume and advance/decline continue to remain highly bullish, holding near their intraday highs.