Cobra's Market View

Daniel wrote:Naz advancers very strong-- but well off the hod.

NYSE advancers have flatlined since this earlier post, but Naz advancers continue to bleed lower...

note that tomorrow is the 6th trading day of the month
http://jeffhirsch.tumblr.com/post/16819 ... -usually-a

So now bloomb is saying that RUT is tracking with the potus "approval rating"
oy

Al_Dente wrote:note that tomorrow is the 6th trading day of the month
http://jeffhirsch.tumblr.com/post/16819 ... -usually-a

Keep in mind that this month is a bit odd, or skewed... since the jobs report is NOT on the 1st Friday, but rather the second. And, if I'm not mistaken, we are into the week before Opex.. which is still the 3rd Friday this month. So there are unusual cross-currents.

New line in the sand.....

Al_Dente wrote:note that tomorrow is the 6th trading day of the month
http://jeffhirsch.tumblr.com/post/16819 ... -usually-a

Pasta boss, from what I can tell from the article, around the 10th day of trading is the best day to go long historically???

fehro wrote:
Fwiw GDX Daily /GC <20d/50d/200d/20w and now <50w 1258 1230 VERY key for gold major support lines it goes look to 1180, 1180 goes bombs away to 1040, that goes 700 in waterfall move.. under 1040 expect $20-50 day moves

/GC nLOD 1250ish nears 50month/100w 1233-30 DXY US dollar pressing HOD >20d testing 50d at HOD GDX lags

Losing supports....

Levered smalls losing gains too....

double top text book target.

Cobra wrote:double top text book target.

Target fulfilled. Now the market is kicking back up a bit. Vixes are cooling.

IF we are going to kiss resistance good by from the downside I have ES 2635.75 for R1 and the overnight high (te-fern's blue line). I'll take either one but then I want to see a solid drop below VWAP which is sitting on yesterday's high.

HAPPY HOUR

Got ,my reversal at te-ferns magic line but it just doesn't want to do the typical late day selloff quite yet. Maybe some think the Ministry of Truth is using that excel's goal seek function for tomorrow's jobs number to kick off a December rally. I know we have all seen that play before but it is a favorite of the FOMC coaching staff.

testing neckline.

(back to dime gridlines on the master SPY chart)

well, guess that's it for today. Non farm payroll day tomorrow has been generally bull friendly. thank you guys, I'll see you tomorrow.

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

Ready for tomorrow!!