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01/29/2018 Live Update

01/29/2018 Live Update

Postby Cobra » Mon Jan 29, 2018 10:23 am

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the pullback will be bought.
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Re: 01/29/2018 Live Update

Postby Cobra » Mon Jan 29, 2018 10:27 am


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Re: 01/29/2018 Live Update

Postby fehro » Mon Jan 29, 2018 10:28 am

VIXes up strong testing HOW from last week, bonds trying to bounce.. DXY USdollar nHOD.. mind last weeks' HOW 89.58
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Re: 01/29/2018 Live Update

Postby JFR » Mon Jan 29, 2018 10:33 am

Overnight/weekend gap down on YM, ES and NQ.
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Re: 01/29/2018 Live Update

Postby JFR » Mon Jan 29, 2018 10:36 am

GS and JPM off to a good start.
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Re: 01/29/2018 Live Update

Postby Trades with cats » Mon Jan 29, 2018 10:36 am

Only thing up it the dollar.
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Re: 01/29/2018 Live Update

Postby fehro » Mon Jan 29, 2018 10:39 am

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Re: 01/29/2018 Live Update

Postby Daniel » Mon Jan 29, 2018 10:47 am

IWM gap fill, and a fresh HOD.

Adv/Dec and up/down volume are much more bearish than price on the major indexes, so far.
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Re: 01/29/2018 Live Update

Postby Trades with cats » Mon Jan 29, 2018 10:51 am

Apple Earnings Thursday. So what ever else is said next week the Apple Cash Hoard will be available to buy any serious dips with just a nod towards Goldman by Tim Cook. Since he has said he is in the process of retiring I can not see why he would not make the last set of stock performance bonus levels. He will have a zillion good sounding reasons as to why he is diversifying his holdings (dumping all his stock) after he leaves. Probably announce some new charity trust thing to do good and not pay taxes.
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Re: 01/29/2018 Live Update

Postby fehro » Mon Jan 29, 2018 10:51 am

Trades with cats wrote:Only thing up it the dollar.


and VIX and TRANSports :)
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Re: 01/29/2018 Live Update

Postby K447 » Mon Jan 29, 2018 10:56 am

Trades with cats wrote:... Tim Cook. Since he has said he is in the process of retiring ...

Link for this?
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Re: 01/29/2018 Live Update

Postby Cobra » Mon Jan 29, 2018 11:06 am


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Re: 01/29/2018 Live Update

Postby brokebybernacke2 » Mon Jan 29, 2018 11:06 am

would be ironic if they dove the market right on time for state of the union 8-) speechwriter overtime!
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Re: 01/29/2018 Live Update

Postby K447 » Mon Jan 29, 2018 11:09 am

Cobra wrote:members only update at 10:05 am
http://www.cobrasmarketview.com/2018/01 ... ay-update/

AAPL chart is not an AAPL chart, is actually a SPY chart
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Re: 01/29/2018 Live Update

Postby Trades with cats » Mon Jan 29, 2018 11:10 am

No link, just a news feed thing in October about him working on his replacement. No date as I recall, just that he would be some day. I am guessing that with the glory days in the rear view mirror he will not stick around. There is only so much you can do with share buybacks and no one sees any new killer things coming on. Apple TV content won't do it as they are fighting The Mouse and Netflix. PC sales aren't exacting the major profit center. Phone sales have lost that parabolic growth rate as they tend towards replacement levels.

My wife loves her I pone, but she is in no rush to upgrade.
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Re: 01/29/2018 Live Update

Postby Daniel » Mon Jan 29, 2018 11:13 am

Last week TLT had only one close above its 200day SMA. Today it is again below it, altho rebounding nicely from an AM low right about its lower bollyband (ca 122.15)

After 3 months above the 200day, TLT is beginning to look like it's setting up a base camp below it, which might presage a move to recent major (multi-month) lows in the 120 area.
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Re: 01/29/2018 Live Update

Postby Trades with cats » Mon Jan 29, 2018 11:17 am

Once again a bounce on the ES overnight low. FuturesTrader 71 free pre-market daily forecast (and boy is he wrong from time to time) targeting 2840 ES sometime this week, looking for 2857 possibly a second major leg to 2847 today. Just saying when he and Cobra agree on the charts I am not about to do the opposite!
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Re: 01/29/2018 Live Update

Postby Daniel » Mon Jan 29, 2018 11:18 am

IYR at its lod, down over 1%
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Re: 01/29/2018 Live Update

Postby K447 » Mon Jan 29, 2018 11:19 am

Trades with cats wrote:... There is only so much you can do with share buybacks

... no one sees any new killer things coming on. ...

My wife loves her iPhone, but she is in no rush to upgrade.
Have you noticed how much of the AAPL share float has evaporated since buybacks began in earnest?

They can keep that up as long as iPhone and services continue to bring in mountains of cash. Even without iPhone sales volume growth there is a solid cash generating business there.

For the foreseeable future, the next new thing is continuation of the current things.

Forward PE is crazy high? Isn't it? :|
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Re: 01/29/2018 Live Update

Postby Trades with cats » Mon Jan 29, 2018 11:26 am

Daniel wrote:Last week TLT had only one close above its 200day SMA. Today it is again below it, altho rebounding nicely from an AM low right about its lower bollyband (ca 122.15)

After 3 months above the 200day, TLT is beginning to look like it's setting up a base camp below it, which might presage a move to recent major (multi-month) lows in the 120 area.



Any chance the most powerful woman in the world will give us a surprise rate hike on Wednesday to stop the dollar fall?
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