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Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 12:20 pm
by Cobra
this bull shall still have legs.

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 12:28 pm
by te_fern
S&P making new highs and Semi's can't get out of its own way...

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 12:35 pm
by fehro
Adv/Dec -321 vs SPY fwiw

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 12:36 pm
by te_fern
Financials are strong, but is it a triple top??

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 12:38 pm
by te_fern
Levered smalls are fighting a resistance line...

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 12:42 pm
by te_fern
TICKs aren't really supporting the new high...

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 12:52 pm
by brokebybernacke2
te_fern wrote:TICKs aren't really supporting the new high...
earnings season dead ahead, dagnabit it shall be bear season...

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 1:00 pm
by Al_Dente
Notable earnings reports due:
Wed 1/10: LEN, KBH
Fri 1/12: BLK, JPM, WFC, PNC

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 1:00 pm
by Cobra

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 1:06 pm
by Al_Dente
Cobra wrote:members only update at 12:00 pm
http://www.cobrasmarketview.com/2018/01 ... ay-update/
:lol: :lol: :lol: :lol: :lol: :lol: :o

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 1:35 pm
by Al_Dente
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

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 1:40 pm
by Al_Dente
[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

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 1:46 pm
by Al_Dente
“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”]

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 1:47 pm
by Cobra
bias is up.

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 2:18 pm
by Al_Dente
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

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 2:40 pm
by chieftan
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)...

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 3:05 pm
by Al_Dente
Consumer credit up to a level last seen in 2008
[Bloomberg, moments ago]

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 3:14 pm
by Cobra
pullback will be bought.

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 3:20 pm
by fehro
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

Re: 01/09/2018 Live Update

Posted: Tue Jan 09, 2018 3:34 pm
by Al_Dente
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