01/24/2018 Live Update

[Trades with cats]

Not such a good day for the London/Frankfort crowd. US markets round trip just before the close but the dollar dropped all day so they still go home in the red.

[Al_Dente]

Now its down to 102....

I know u like danger boss but couldn't we just stick with XBI (or IBB on the nasdaq biotechs)?
(only half kidding )

[te_fern]

Now its down to 102....

I know u like danger boss but couldn't we just stick with XBI (or IBB on the nasdaq biotechs)?
(only half kidding )

[Trades with cats]

Small caps need to drop another 5 points for that mystic bearish engulfing.

[fehro]

......... … and with everyone and their dog getting bonuses.. from Disney to Banks.. possible match for inflation spark..

I haven’t read any headline saying that a single company is going to use their tax windfall to pay down debt. Have you?

no need.. the companies value to debt ratio keeps shrinking at ATHs the debt is shrinking !

Also notice that those are bonuses, not pay raises. Don't have to pay them out again next year.....

over 5million Americans have received bonuses and pay raises.. since the cut… inflation?

[Al_Dente]

Big tech on the daily
AAPL is the only one not at ATH

[te_fern]

......... … and with everyone and their dog getting bonuses.. from Disney to Banks.. possible match for inflation spark..

I haven’t read any headline saying that a single company is going to use their tax windfall to pay down debt. Have you?

no need.. the companies value to debt ratio keeps shrinking at ATHs the debt is shrinking !

Also notice that those are bonuses, not pay raises. Don't have to pay them out again next year.....

over 5million Americans have received bonuses and pay raises.. since the cut… inflation?

I think that wage inflation is one of the biggest contributors to overall inflation, so yes, if these pay raises continue then we will either see inflation or more Fed rate hikes....

[te_fern]

As expected TICKs have crossed below their MA lines.....

[Trades with cats]

Smalls closing in on the mystic bearish engulfing.

[te_fern]

I guess us day traders need to stay nimble, if this is just a short term correction, we will have another buy opportunity. Unless you play from the short side too!

[Trades with cats]

I was wrong on cocktail hour in Davos. Wilbur "Trade War" Ross is responsible for today's selling.
While he is screaming about Chinese steel someone should ask him how much we taxpayers shell out to subsidize Boeing aircraft sales to Chinese airlines.

[Trades with cats]

Bad enough we had to pay to send those guys to Davos, you'd think they would keep their mouths shut and just shake hands like the script says!

[Trades with cats]

Smalls bounced on yesterday's low for now.

[te_fern]

As TWC said, maybe the smalls have found a bottom?

[fehro]

RUT NDX COMQ outside reversals.. at these levels.. hours to go.. VIX cup and handle… VIX >20d/50d/200d/20w/50w fwiw

[Trades with cats]

The ugly should be over if they can find a muzzle for Wilbur.
In the meantime Party like it's 1929
Record stock valuations, Check
Record public optimism and margin debt levels Check
Gin (Marijuana) Check
Smoot Hawley/ America First Check
Just pointing out the obvious parallels.

[Trades with cats]

From R2 to S1, quite a morning for those magic pivot points.

[Cobra]

members only update at 12:47 pm
http://www.cobrasmarketview.com/2018/01 ... ay-update/

[Al_Dente]

RUT NDX COMQ outside reversals.. at these levels.. hours to go.. VIX cup and handle… VIX >20d/50d/200d/20w/50w fwiw

your GLD is the perfect setup for an "abandoned baby"
... or not, we won't know until tomorrow

[fehro]

RUT NDX COMQ outside reversals.. at these levels.. hours to go.. VIX cup and handle… VIX >20d/50d/200d/20w/50w fwiw

your GLD is the perfect setup for an "abandoned baby"
... or not, we won't know until tomorrow

yup and Draghi tomorrow at 7:45am could be the catalyst