Cobra's Market View

The MA lines are still negative and VWAP is falling....

Almanac: “cantilevered market”
Friday was “… frequently … the beginning of the summer soft spot. It is also worth reminding you that the first nine trading days of August are notoriously weak.”
http://jeffhirsch.tumblr.com/post/16325 ... rading-day

This guy analyzes the twitter stream for overbought/oversold signals
https://www.tradefollowers.com/blog/mar ... report.com

GDX is testing the 200dma (dashed black line) resistance, where it failed the last few times it visited
DAILY

fehro wrote:looking to Wed SPX open gap 2463-60 gap fill buckle up.. VIX green, IWM weak nLOD takes out Fri's LOD

SPX takes out Fri's LOD look to Wed gap fill.. buckle up INDU/RUT take out Fri's LOD.. it's all tech.. mind the H&S in TSLA Daily, AAPL 30m.. etc.. bearish rising wedge NVDA 60m…. GOOGL tonight.. earnings.. fwiw .. feeling a miss is coming.. not sure.

Al_Dente wrote:This guy analyzes the twitter stream for overbought/oversold signals
https://www.tradefollowers.com/blog/mar ... report.com

Very interesting, site is now bookmarked!

SPX is struggling. Lost the support line today...

AMZN
new ATH

maybe a higher low test but overall I think the low might be in.

Well London/Frankfurt have been closed for a half hour, time for the daily drift up. ES above VWAP (first time in 2 hours) floating at the central pivot level which is also Friday's VWAP. If it can move up from here we all see Friday's close as an obvious target. But with the Treasury auction showing the 6 month and 3 month yield inverted, well that may mean late night work for the writers at the FOMC!

Looking for some long or short ideas? Here is where the crowded trades are, so that means added volatility when the market moves. Please note this is UBS info so from a reliable sorce even though it is being delivered by a controversial agregator.
http://www.zerohedge.com/news/2017-07-2 ... ording-ubs

te_fern wrote:

Al_Dente wrote:This guy analyzes the twitter stream for overbought/oversold signals
https://www.tradefollowers.com/blog/mar ... report.com

Very interesting, site is now bookmarked!

Wasn't there a guy who ran a "hedge fund" based on Social Media sentiment?

Imo difficult to make sense of the importance of twitter traders opinions/comments. Supposedly the markets are dominated by algos/institutions and us peons try to hop on whatever they push.
I can see twitter sentiment working in the penny stocks resp low vol stocks casino but can't imagine twitter traders have any influence on the movement of AAPL, AMZN etc

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Shaishen wrote:

te_fern wrote:

Al_Dente wrote:This guy analyzes the twitter stream for overbought/oversold signals
https://www.tradefollowers.com/blog/mar ... report.com

Very interesting, site is now bookmarked!

Wasn't there a guy who ran a "hedge fund" based on Social Media sentiment?

Imo difficult to make sense of the importance of twitter traders opinions/comments. Supposedly the markets are dominated by algos/institutions and us peons try to hop on whatever they push.
I can see twitter sentiment working in the penny stocks resp low vol stocks casino but can't imagine twitter traders have any influence on the movement of AAPL, AMZN etc

-

Here's a few great videos on HFT algo trading

https://www.youtube.com/watch?v=kFQJNeQDDHA The Wall Street Code - (vpro backlight documentary - 2013)

https://www.youtube.com/watch?v=kFQJNeQDDHA - Quants - The Alchemists of Wall Street - (vpro backlight documentary - 2010)

and - https://www.youtube.com/watch?v=aq1Ln1UCoEU Money & Speed: Inside the Black Box - (vpro backlight documentary - 2011)

Shaishen wrote:................
Imo difficult to make sense of the importance of twitter traders opinions/comments. Supposedly the markets are dominated by algos/institutions and us peons try to hop on whatever they push.
I can see twitter sentiment working in the penny stocks resp low vol stocks casino but can't imagine twitter traders have any influence on the movement of AAPL, AMZN etc-

Thanks Shaishen
Couple of notes:
I think he updates it only monthly.
I see it as another sentiment indicator, and a curiosity
I like that he links ALL of his past months analyses on the right side of his page under the “Archives” tab, so you can study how his past analyses worked out. (I haven’t studied that yet).

Here’s my other favorite sentiment indicator: the NAAIM.
(I like that one because it is the money managers who tell their clients how to position)
After being “all in,” that one is at a spot where a pullback can appear, but as you can see it is WEEKLY and it is quite the “honey badger” and it can bounce around for weeks on end

fehro wrote:

Shaishen wrote:

te_fern wrote:

Al_Dente wrote:This guy analyzes the twitter stream for overbought/oversold signals
https://www.tradefollowers.com/blog/mar ... report.com

Very interesting, site is now bookmarked!

Wasn't there a guy who ran a "hedge fund" based on Social Media sentiment?

Imo difficult to make sense of the importance of twitter traders opinions/comments. Supposedly the markets are dominated by algos/institutions and us peons try to hop on whatever they push.
I can see twitter sentiment working in the penny stocks resp low vol stocks casino but can't imagine twitter traders have any influence on the movement of AAPL, AMZN etc

-

Here's a few great videos on HFT algo trading

https://www.youtube.com/watch?v=kFQJNeQDDHA The Wall Street Code - (vpro backlight documentary - 2013)

https://www.youtube.com/watch?v=kFQJNeQDDHA - Quants - The Alchemists of Wall Street - (vpro backlight documentary - 2010)

and - https://www.youtube.com/watch?v=aq1Ln1UCoEU Money & Speed: Inside the Black Box - (vpro backlight documentary - 2011)

Thanks Fehro, yes, I watched all those and more at the time.

If you want a true edge here is one that reveals the secret ~43 min in

"SAC knew the hand before anybody else did"

https://www.youtube.com/watch?v=5jnihc4rzFw

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consolidation, bias is up.

Al_Dente wrote: Thanks Shaishen
Couple of notes:
I think he updates it only monthly.
I see it as another sentiment indicator, and a curiosity
I like that he links ALL of his past months analyses on the right side of his page under the “Archives” tab, so you can study how his past analyses worked out. (I haven’t studied that yet).

Here’s my other favorite sentiment indicator: the NAAIM.
(I like that one because it is the money managers who tell their clients how to position)
After being “all in,” that one is at a spot where a pullback can appear, but as you can see it is WEEKLY and it is quite the “honey badger” and it can bounce around for weeks on end

724naaim.png.png

Thanks Al Dente for pointing out NAAIM - will have to look a bit closer at that. I have access to money manager advice thru a HNI friend. What impresses me the most how they (the MM's) bend every report so it fits their story/investment positions. They are never wrong

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Transports are looking weak on the daily timeframe. Railroads are particularly weak; $DJUSRR is at a fresh 20day low.

breakout as expected.