Cobra's Market View

Al_Dente wrote:

Al_Dente wrote:NY advancing stocks = 2.4 x declining stocks
NY advancing volume = 3.0 x declining volume

NY advancing stocks = 2.1 x declining stocks
NY advancing volume = 1.8 x declining volume

NY advancing stocks = 1.2 x declining stocks
NY advancing volume = 0.98 x declining volume

[how did fehro call it AGAIN ?]

WH presser now
Mattis is on

VWAP is important today. Not sure what that means, but must have something to do with large orders broken up. Supposed to mean large buying but I don't buy that idea.

There are two categories of securities linked to price turbulence, roughly speaking: ones tied to the VIX directly, and others that take their cue from the volatility of individual stocks. Altogether, estimates for the space are anywhere from $1.5 trillion to $2 trillion. Beyond that is the options market, which itself is an implicit bet on swings in shares.

https://www.bloomberg.com//news/article ... rades-here

Don't know where the breakdown level is, but it has to be close the way the 2680's are being defended.

Reminder GOLD MINERS:
Earnings reports today after the close: AEM, ABX, GG, KGC

Al_Dente wrote:Reminder GOLD MINERS:
Earnings reports today after the close: AEM, ABX, GG, KGC

mind the big increase in fuel costs last quarter - 6months.. may hit bottom lines

trader24 wrote:Cobra - Do you believe there needs to be OML to fulfill the structure?

Sorry, I don't understand your question?

hopefully it's double bottom here.

Two public guess on the breakdown from twitter
Coolbizone ES 2682, target retest 2593
FuturesTrader 71 ES 2680.75 target 2637

And just to pile it on Pretzel logic keeps talking extended 5th waves that reverse hard.

Consensus among the scribblers after interviews with serious people is that the deep pockets crowd isn't getting back in until the lows are retested.

So I am thinking the rule that says if everybody expects the same thing the market will do something else.

Both oil and copper down hard today. Please remember that two weeks ago the Hedge Funds were pretty much record long oil. Usually it takes several months but they do seem to routinly be the dumb money in the oil trade.

can you HELP me:
i'm trying to see how much, if any, funds are going into money markets and very-short-term parking places
I'm using SHY
can u give me other/better symbols?
thanks

18 point drop in 10 minutes. Wanna bet the vix is going back up.

too bad, it's double top instead. for now I don't see bears are back though, it's just a pullback.

Cobra wrote:hopefully it's double bottom here.

mmmmmmmmaybe double-bottom to the opening print? $267.95..

HAPPY HOUR

16 points up in 10 minutes. If this keeps up maybe power hour is returning.

Consumer Credit for December Misses Estimates
"Just in, the Consumer Credit report for December showed an increase of 18.5 billion (Briefing.com consensus $20.0 billion). November credit growth was revised to $31.0 billion from $28.0 billion."

exceeded mini target, the low might be in.