Cobra's Market View

Just to start a new thread for the weekend chat.

Please don't forget our weekly sentiment poll here: viewtopic.php?f=9&t=2577

No stock picks for the next week. Here's the latest strong stock count:
viewtopic.php?f=10&t=2579

NASDAQ gets SEC approval to hang a target on the back of every retail trade order.
http://blog.themistrading.com/2017/07/s ... rder-type/

And they wonder why individual retail traders are an endangered species. As the wits have said eventually it will be only High Frequency Hunter Killer bots.

At the time it seemed wrong, but in retrospect, the Bullish Percents - arguably the most sensitive of the participation indices – were quite predictive, albeit early, when they issued sell signals many days before the 8 Aug SPY high, and then printed negative divergences at that SPY high.
(Obvious exceptions: gold miners and oil)

3 of the top 10 $OEX big-cap best performers on the WEEK were our plastic cards
hmmmmmm
WEEKLY

Pasta boss, a few weeks ago you had talked about using advance decline lines for the sectors, i.e. $xlfadp for the financials. Were you able to get anywhere with that study? I think all of SPDR sector funds have them in sockcharts... Thx! T

One I've played with a little. I tried a EMA on it, but it didn't seem as useful as the STO. Thx!

te_fern wrote:Pasta boss, a few weeks ago you had talked about using advance decline lines for the sectors, i.e. $xlfadp for the financials. Were you able to get anywhere with that study? I think all of SPDR sector funds have them in sockcharts... Thx! T

No, I'm just using it for GDX

I thought I would give a heads up.
Look at 2 years ago this time (match Aug 19 2017 to Aug 17 2015 )
See what happened in the S&P next weekend

daytradingES wrote:I thought I would give a heads up.
Look at 2 years ago this time (match Aug 19 2017 to Aug 17 2015 )
See what happened in the S&P next weekend

Quite a drop. Wish I'd held my TZA's! LOL!