01/12/2018 Live Update

[te_fern]

Pushed through RP2, but now we can see if it can hold.....

[Al_Dente]

Junk is worrying Tom McClellan
https://www.mcoscillator.com/learning_c ... _a-d_line/

[te_fern]

Energy sector is pulling back after a good opening....

[te_fern]

Financials are struggling around their RP2.....

[Cobra]

members only update at 10:40 am
http://www.cobrasmarketview.com/2018/01 ... ay-update/

[Trades with cats]

Pasta Boss that NY bull bear volume anomaly was a timing issue. Market action picked up dramatically with the CPI release and once the carnage was over the dip buyers rushed in to reverse the slide a half hour before the regular open. So by the time of the regular open we were already in an intense up move. We had a short rotation down at the open then ignited the next stage of the rocket.

[Cobra]

only 1 case since 1996 when spy daily rsi(14) > 83.

[Trades with cats]

Anybody got a higher target for today or is this pretty much it?

[te_fern]

I guess 2800 is next?? Don't if its today or next week though....

[te_fern]

Round numbers are easy! LOL!!

[fehro]

put/call 0.49 equites 0.60 .. extreme once again

VIX hot..

[Al_Dente]

Pasta Boss that NY bull bear volume anomaly was a timing issue. Market action picked up dramatically with the CPI release and once the carnage was over the dip buyers rushed in to reverse the slide a half hour before the regular open. So by the time of the regular open we were already in an intense up move. We had a short rotation down at the open then ignited the next stage of the rocket.

Thanks boss but I don’t see it as an “anomaly” I see it as healthy buy volume in not so many issues = narrow rally

[Al_Dente]

Once again VIX up SPY up
Options traders are hedging ?
Last time spy went down a smidge but u probably blinked and missed it
15min

[Al_Dente]

I’ve been watching every day to see who is hitting my most extreme reading which is 3-standard deviations above the 50ma (the top line of the red bolingers).
I’m posting these charts to show you that I DON’T SEE THE EXTREMES I’M LOOKING FOR YET, and that’s just astonishing to me

[Trades with cats]

Narrow ralley is scary after reading Dr Hussman's piece last week, especially with the unrest in the bond markets. He has come up with some metrics for market attitude because i think:
1. This rally has made his traditional valuation method that gave him top honors in two down markets worthless
2. Advances in Behavioral Finance ( The Undoing Project by Michael Lewis for us non-academics)

So Hussman is watching (I think ) market participation rates and junk to investment grade spreads for the turn in market attitude.

[Cobra]

pullback is too sharp for a strong opening like today but I'm still willing to believe it'd be bought again.

[Trades with cats]

Renko bars today 5 point move from near all time high down to VWAP.

[Al_Dente]

Day six BA above its daily bolinger (BA is the #1 weighted stock in the dow: 8.83% of the dow)
Below that is $DJSASD = DJ aerospace and defense index
Bottom panel is DFEN defense x3
WTF?

[Cobra]

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

[te_fern]

Big Board ticks seem to be rolling over. The Qs are still powering on....