Cobra's Market View

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this bull shall have legs.

members only update starts here: http://www.cobrasmarketview.com/2018/01 ... ay-update/

Overnight it was mostly London/Frankfurt buying. Futures Trader 71 commented this morning that he sees this as other time frame groups placing money. So the question is for how much longer until there beginning of the year shopping is done and we are back to two way trading.

GM

out

has been as high as 65% with bears at lows of 6.75% .. in summer/fall of 2000 fwiw http://www.aaii.com

So far this year I am watching three screens, ES, NQ and RTY.
ES is only one not back to opening price.

UUP threatening to push to a fresh 20day low. Now again below 24.

VXN hod. RVX hod. VIX well off its spike high.

Bios not part of the rally this morning....

Ticks look good so far this morning....

Financials are leading SPY higher.

Daniel wrote:Financials are leading SPY higher.

Given the shape of the yield cure they scare me, but then I see that they haven't bothered to pass on Fed Funds rates to savers, so with the FOMC continuing to deny savers market rates AND punishing borrowers by moving rates up "party on!".

lucky exit shorts lol
one day ...
https://qz.com/1151664/ai-does-not-have ... ket-crash/
who gona jail when these appends ? Algos ?

ES still ahead, others have recovered to VWAP.

So, presonally very uncomfortable bull here...last time the upper weekly bolly band oon vix was this low with narrow% was about 10/11 years ago...
code red..sidelines/bear lean thru govt shutdown date, too hot!...imho

Small caps not looking very bullish this morning

Three weed stocks have been quite volatile:
NUGS
GOHE
GBLX

MS is selling all their junk. “…we prepare for deterioration in lower-quality earnings in the U.S. led by lower operating margins.”
HYG = another new high this morn
https://www.zerohedge.com/news/2018-01- ... ssion-risk

XLF 15min
the target would be higher if i drew that box differently

Al_Dente wrote:Three weed stocks have been quite volatile:
NUGS
GOHE
GBLX

Saw an article this morning where Sessions may go after the weed states....