Back to www.cobrasmarketview.com

11/17/2017 Live Update

Post Reply
User avatar
Cobra
Site Admin
Posts: 58336
Joined: Sat Feb 12, 2011 10:29 pm

11/17/2017 Live Update

Post by Cobra »

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.
  • Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.
  • Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.
  • Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.
  • I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.
=============================================================================================================================================================================

lower high or not, wait and see. key time.
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
Cobra
Site Admin
Posts: 58336
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/17/2017 Live Update

Post by Cobra »


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

Re: 11/17/2017 Live Update

Post by fehro »

inside days.. so far.. "flat friday" .. decay those options.. :roll: RUT holds 50d SMA at LOD.. tests 20d near HOD
Attachments
Screen Shot 2017-11-17 at 6.49.20 AM.png
Last edited by fehro on Fri Nov 17, 2017 10:53 am, edited 1 time in total.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 11/17/2017 Live Update

Post by Trades with cats »

ES 12-17 (1000 Tick) 2017_11_17.png
My view of the overnight action looks like a range. So far it looks like the amplitude may increase but hey it is Friday going into what is always a very different week for trading so who know. I am betting that it will be really hard to make any money today, that I am sure about, especially after the easy pickings yesterday!
User avatar
Cobra
Site Admin
Posts: 58336
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/17/2017 Live Update

Post by Cobra »


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
Cobra
Site Admin
Posts: 58336
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/17/2017 Live Update

Post by Cobra »

morning hourly hollow red
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.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 11/17/2017 Live Update

Post by Trades with cats »

ES 12-17 (1000 Tick) 2017_11_17B.png
Magical mystery numbers again. Yesterday's close is calling, but the Daily Pivot keeps stopping the move. Volume profile shows all the action in a really tight little range.
User avatar
Cobra
Site Admin
Posts: 58336
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/17/2017 Live Update

Post by Cobra »


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.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 11/17/2017 Live Update

Post by Trades with cats »

Ouch! Failed breakout and the Daily Pivot not giving any support! Looking like yesterday's close is Bali High the forbidden island that calls to me from across the sea.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 11/17/2017 Live Update

Post by Trades with cats »

Weekend reading.
Very simplified with animations, a great primer on how Apple and Google have all their profits overseas and why the locally owned hardware store won't be doing that. Whenever the guys running these outfits talk about morals and obligations to society I pull out my copy of Dante's Inferno and re-read the section on hypocrites. :D
Caution New York Times article
https://www.nytimes.com/interactive/201 ... tPlacement
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 11/17/2017 Live Update

Post by Trades with cats »

Rut Row, fell out of the opening range. We will see how strong the Pivot Point tractor beam is!
User avatar
Cobra
Site Admin
Posts: 58336
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/17/2017 Live Update

Post by Cobra »


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.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 11/17/2017 Live Update

Post by Trades with cats »

RTY 12-17 (300 Tick) 2017_11_17.png
Within 1 point of current price you can see only 300 or so orders sitting, this puppy is pretty thin, but oh the action! :lol:
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 11/17/2017 Live Update

Post by Al_Dente »

Have you been wondering why the market up or down, insists every single intraday that you BTFD?
UBS has a great explanation (posted yesterday)
[spoiler: ALL short covering, aka, ALL squeeze]
http://www.zerohedge.com/news/2017-11-1 ... rket-rally
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: 11/17/2017 Live Update

Post by Al_Dente »

JUNK near-record outflows"
“…roughly half of the …[junk]… withdrawals came last Friday, when more than $2bn left the space in one day. Since then, the outflows have been slowly declining each day…” [BofA]

And here we see the “slowly declining outflows” with our own eyeballs on our own charts: as junk tests the 200sma (black dashed line) and makes lower lows, the selling volume (a proxy for “flow” ??) has been drying up... and that’s a bullish sign.
1117junk.png.png
HERE’S THE KICKER: “..Out of the 15 largest-ever daily high yield outflows recorded, [the] next 3 month returns have been positive 10 times, with an average annualized return of 7.2%.” [BofA]
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: 11/17/2017 Live Update

Post by Trades with cats »

RTY 12-17 (200 Tick) 2017_11_17c.png
Small Caps fighting to stay above yesterday's high. They need to that volume profile shows a potential vacuum down back to the opening print.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 11/17/2017 Live Update

Post by Al_Dente »

Aggressives versus the Defensives, this week
% performance, 5 days
Last week the defensives won.
This week the aggressive are trying to claw their way back, especially smalls (cyan) and less so the high-betas (lime). Tech (black) and SPY (purple) are not impressive.
Treasurys (red dash, defensive) are strongest on the week !! :o :shock:
Staples (gray dash) popped Thursday mostly because of WMT and SJM eps; both backed off Friday.
etc…
1117the week.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58336
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/17/2017 Live Update

Post by Cobra »


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
Cobra
Site Admin
Posts: 58336
Joined: Sat Feb 12, 2011 10:29 pm

Re: 11/17/2017 Live Update

Post by Cobra »

well, guess that's it for today. Monday has been mixed recently. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
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.
Post Reply