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01/09/2018 Live Update

Re: 01/09/2018 Live Update

Postby Cobra » Tue Jan 09, 2018 12:20 pm

this bull shall still have legs.
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Re: 01/09/2018 Live Update

Postby te_fern » Tue Jan 09, 2018 12:28 pm

S&P making new highs and Semi's can't get out of its own way...
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Re: 01/09/2018 Live Update

Postby fehro » Tue Jan 09, 2018 12:35 pm

Adv/Dec -321 vs SPY fwiw
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Re: 01/09/2018 Live Update

Postby te_fern » Tue Jan 09, 2018 12:36 pm

Financials are strong, but is it a triple top??
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Re: 01/09/2018 Live Update

Postby te_fern » Tue Jan 09, 2018 12:38 pm

Levered smalls are fighting a resistance line...
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Re: 01/09/2018 Live Update

Postby te_fern » Tue Jan 09, 2018 12:42 pm

TICKs aren't really supporting the new high...
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Re: 01/09/2018 Live Update

Postby brokebybernacke2 » Tue Jan 09, 2018 12:52 pm

te_fern wrote:TICKs aren't really supporting the new high...


earnings season dead ahead, dagnabit it shall be bear season...
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Re: 01/09/2018 Live Update

Postby Al_Dente » Tue Jan 09, 2018 1:00 pm

Notable earnings reports due:
Wed 1/10: LEN, KBH
Fri 1/12: BLK, JPM, WFC, PNC
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Re: 01/09/2018 Live Update

Postby Cobra » Tue Jan 09, 2018 1:00 pm


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Re: 01/09/2018 Live Update

Postby Al_Dente » Tue Jan 09, 2018 1:06 pm

Cobra wrote:members only update at 12:00 pm
http://www.cobrasmarketview.com/2018/01 ... ay-update/

:lol: :lol: :lol: :lol: :lol: :lol: :o
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Re: 01/09/2018 Live Update

Postby Al_Dente » Tue Jan 09, 2018 1:35 pm

BA, the #1 heaviest weighted stock in the dow (8.45% of the dow), is at another ATH and
is singlehandedly responsible for roughly 55 points of the dow’s gain today
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Re: 01/09/2018 Live Update

Postby Al_Dente » Tue Jan 09, 2018 1:40 pm

[add on]
Bespoke says this about that (their charts posted 1/5):
"You won't see moves like this in a long time once this ends."
https://pbs.twimg.com/media/DSzOQ0TVAAAM3Kl.jpg
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Re: 01/09/2018 Live Update

Postby Al_Dente » Tue Jan 09, 2018 1:46 pm

“Analysts are ratcheting up their forecasts for U.S. corporate profits at the fastest pace in more than 10 years… in the past such bullish analyst sentiment has served as a precursor to a market decline.”
https://www.bloomberg.com/news/articles ... ock-market
[pasta here: usually they lower earnings estimates, making it easier for companies to “beat”]
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Re: 01/09/2018 Live Update

Postby Cobra » Tue Jan 09, 2018 1:47 pm

bias is up.
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Re: 01/09/2018 Live Update

Postby Al_Dente » Tue Jan 09, 2018 2:18 pm

Since Jan 3, NY volume at the close (where it really counts) has spiked green (top panel, green boxes), while the NY number of issues advancing went from 2000 stocks to below 1000 stocks advancing and is now 1338 stocks (bottom panel)
19ad volume.png.png
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Re: 01/09/2018 Live Update

Postby chieftan » Tue Jan 09, 2018 2:40 pm

Cobra wrote:members only update at 12:00 pm
http://www.cobrasmarketview.com/2018/01 ... ay-update/


As a long time member and mostly viewer of Cobra's posts who has lost a few $$ in this melt up, I do appreciate Cobra's "tell it like it is" comments (e.g. "I think this market is crazy"). It actually made me chuckle even as my stops are hit (again)...
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Re: 01/09/2018 Live Update

Postby Al_Dente » Tue Jan 09, 2018 3:05 pm

Consumer credit up to a level last seen in 2008
[Bloomberg, moments ago]
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Re: 01/09/2018 Live Update

Postby Cobra » Tue Jan 09, 2018 3:14 pm

pullback will be bought.
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Re: 01/09/2018 Live Update

Postby fehro » Tue Jan 09, 2018 3:20 pm

take a nibble short here SPX 2756.75 not sure mind SPY morning gap, Wed options tomorrow.. may crush them late today, or gap down.. sounds crazy :roll: VIX trying to stay green.. /CL closes here too at huge spike up
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Re: 01/09/2018 Live Update

Postby Al_Dente » Tue Jan 09, 2018 3:34 pm

SMALLS made another ATH today
Yet the short-term ROTATION chart shows that smalls are still weaker than large caps (top panel)
Hence, it's a large cap rally
19rotation.png
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