Cobra's Market View

VIX >20d/50d RUT <50d<20d TRANSports <20d/50d at 200d COMPQ tested 20d at LOD

1410 low for rut,holding somewhat

johnnywa wrote:1410 low for rut,holding somewhat

Now 1408

If you don’t know what "Linear Normalization with the Potential for Nonlinear Credit Risks" means, you might want to bone up on it soon.
The Treasury Borrowing Advisory Committee (TBAC), a select group of elite Wall Street banksters tasked with providing periodic guidance to the Treasury, released its latest presentation: "Normalization of SOMA Portfolio”
"The FOMC will announce a phasing out of Treasury and MBS reinvestments at the September FOMC meeting to start October 1st, 2017."
http://www.zerohedge.com/news/2017-08-0 ... malization

One of the interesting takeaways is this: Once yields spike, the next move will be an inevitable outflow from bond funds. Here the TBAC points out that just a 1% net outflow from bond funds in 2008 "was the shock in October 2008."

Markey fixed green light ?

"we went into the garden, & drank thea under the shade of some appletrees, only he, & myself. amidst other discourse, he told me… the notion of gravitation came into his mind. "why should that apple always descend perpendicularly to the ground," thought he to him self: occasion'd by the fall of an apple, as he sat in a comtemplative mood: "why should it not go sideways, or upwards? but constantly to the earths centre? assuredly, the reason is, that the earth draws it. there must be a drawing power in matter. & the sum of the drawing power in the matter of the earth must be in the earths center, not in any side of the earth. therefore dos this apple fall perpendicularly, or toward the center. if matter thus draws matter; it must be in proportion of its quantity. therefore the apple draws the earth, as well as the earth draws the apple."
[William Stukeley, Sir Issac Newton’s friend, 1752]
It took Newton two decades to develop his full-fledged Theory of Gravity

AD bias is bear, and has been all day…
NY declining stocks = 1.9 x advancing stocks
NY declining volume = 2.0 x advancing volume

Nasdaq declining stocks = 3.0 x advancing stocks
Nasdaq declining volume = 2.7 x advancing volume

... cya tomorrow

10 days, percentages
Despite the APPL surge, the QQQ (black) is still down there below the zero line

fehro wrote:

Daniel wrote:

fehro wrote:cover a portion here 2469.75
cover last here 2467.75

Nicely done, Fehro! No guts, no glory.

thanks! reload short here… SPX testing yLOD from underneath.. not as safe.. 2470.25 - resistance

stopped out + 1.25

just to show where is the 100% mm target. not saying it's 100% mm.

fehro wrote:

fehro wrote:

Daniel wrote:

fehro wrote:cover a portion here 2469.75
cover last here 2467.75

Nicely done, Fehro! No guts, no glory.

thanks! reload short here… SPX testing yLOD from underneath.. not as safe.. 2470.25 - resistance

stopped out + 1.25

may dabble here again.. 2473.25 .. not sure yet

Fib from the HOD to LOD
SPY has retraced about 61.8%
QQQ has retraced about 61.8%
IWM fuggetaboutit

yup dabble short here 2473.00 see if it works.. not sure

is it only AAPL that is keeping the dow up?
this is the dow 30, intraday, sorted by greens:

This is painful watching the ES trying to be green.

Al_Dente wrote:AD bias is bear, and has been all day…
NY declining stocks = 1.9 x advancing stocks
NY declining volume = 2.0 x advancing volume

Nasdaq declining stocks = 3.0 x advancing stocks
Nasdaq declining volume = 2.7 x advancing volume

AD bear bias wanes
NY declining stocks = 1.6 x advancing stocks
NY declining volume = 1.5 x advancing volume

Nasdaq declining stocks = 2.4 x advancing stocks
Nasdaq declining volume = 2.2 x advancing volume