Back to www.cobrasmarketview.com

   

12/09/2017 Weekend Update

12/09/2017 Weekend Update

Postby Cobra » Fri Dec 08, 2017 5:11 pm

SPY hasn't touched its weekly ema20 for 56 weeks, this is a new record. the previous record was 47 weeks.

It tells me 2 things:

    Usually after a long time no touch, the very first touch would be bought as people finally can buy at 20 week average price. So bulls should have no worry for now.
    No one can have no touch of moving average forever, so SPY should owe us a pullback.
Attachments
3.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: 38513
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/09/2017 Weekend Update

Postby Cobra » Fri Dec 08, 2017 5:13 pm

Statistics about SPY up 3 weeks in a row. We can see 80% chances higher high ahead the next week, so good chances another all time high the next week at least.
Attachments
2.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: 38513
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/09/2017 Weekend Update

Postby Cobra » Fri Dec 08, 2017 5:27 pm

Here's the latest strong stocks count:
viewtopic.php?f=10&t=2703&p=247379#p247379

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: 38513
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/09/2017 Weekend Update

Postby Al_Dente » Fri Dec 08, 2017 6:58 pm

Rotation continues the same as last week, EXCEPT the smalls have crossed to the dark side
128rotation.png
User avatar
Al_Dente
 
Posts: 19120
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/09/2017 Weekend Update

Postby Shaishen » Sun Dec 10, 2017 5:38 pm

Everybody staring at their screens waiting for BTC futures to start trading in abt 80 minutes :o

Here is one broker indication about the margin requirements. Apparently shorting is considered a risky proposition ;)
Got this notification from Exante:

"EXANTE

Dear ....,

Today at 5 pm Central Time, CBOE Futures Exchange will launch trading bitcoin futures. CBOE will become the first global stock exchange to provide trading cryptocurrency derivatives without any restrictions.

All EXANTE clients will be able to trade contracts right after the launch on the exchange. You will find the new instruments (ticker symbol "XBT") in the «Futures» section.

For short trades, we will require a margin of 200% BTC price, for long positions — 50%. Our commission is 9 dollars per trade all extra.

Also, we temporarily increase the margin for trading the BTC.EXANTE shares: 200% for short selling and 50% for long positions.

If you have any questions, please contact our support line, +356 20150000, or at support@exante.eu."

.
Shaishen
 
Posts: 172
Joined: Tue Jul 01, 2014 3:57 pm

Re: 12/09/2017 Weekend Update

Postby Al_Dente » Sun Dec 10, 2017 7:42 pm

CBOE Website Crashes As Futures Trading Begins; Bitcoin Price Squeezed 10% Higher (IN FIVE MINUTES)
http://www.zerohedge.com/news/2017-12-1 ... -10-higher
User avatar
Al_Dente
 
Posts: 19120
Joined: Thu Jul 21, 2011 2:29 pm


Return to Traders Lounge

Who is online

Users browsing this forum: Bing [Bot] and 11 guests

cron