Back to www.cobrasmarketview.com

   

05/16/2018 Live Update

Re: 05/16/2018 Live Update

Postby Cobra » Wed May 16, 2018 1:12 pm

the pullback will be bought.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 41005
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/16/2018 Live Update

Postby Al_Dente » Wed May 16, 2018 1:38 pm

BofA asked their Fund Managers (223 survey participants who manage a total of $643BN):
"What level of US 10y Treasury yields would cause you to rotate from equities into bonds?"
The "magic number" rose from 3.5% last month to 3.6% in the May survey
User avatar
Al_Dente
 
Posts: 20739
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/16/2018 Live Update

Postby Al_Dente » Wed May 16, 2018 2:04 pm

IWM another ATH
User avatar
Al_Dente
 
Posts: 20739
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/16/2018 Live Update

Postby Al_Dente » Wed May 16, 2018 2:12 pm

what's hot today in the OEX-100

516oex.png.png
User avatar
Al_Dente
 
Posts: 20739
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/16/2018 Live Update

Postby 1der » Wed May 16, 2018 2:23 pm

Unfilled PBars above - SPY at 273.11 and AAPL 188.55
1der
 
Posts: 521
Joined: Thu Mar 24, 2011 4:03 pm

Re: 05/16/2018 Live Update

Postby Al_Dente » Wed May 16, 2018 2:34 pm

smalls
target met
516small target met.png.png
User avatar
Al_Dente
 
Posts: 20739
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/16/2018 Live Update

Postby Trades with cats » Wed May 16, 2018 2:38 pm

ES volume is light. Yesterday's drop was 2 to 400% of normal while today's climb was 60 to 120% of normal, normal being the 20 day average for that 15 minute bar.
Trades with cats
 
Posts: 6239
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/16/2018 Live Update

Postby Trades with cats » Wed May 16, 2018 2:43 pm

Looking for an explanation on small cap out performance. Positive fundamentals are lower import costs, but that also means lower cost imported competition. Small caps are not prime borrowers so rate increases hit them hard. They also have a lot of debt because they are newish to stock financing.

Small caps as a proxy for the most shorted may be true from time to time but it is getting pretty worn out. All I have left are the same animal spirits that are causing FANGs to be bid up. :?
Trades with cats
 
Posts: 6239
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/16/2018 Live Update

Postby Cobra » Wed May 16, 2018 2:43 pm

bias is up.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 41005
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/16/2018 Live Update

Postby Al_Dente » Wed May 16, 2018 2:52 pm

Trades with cats wrote:Looking for an explanation on small cap out performance. ................

IMHO
squeeze
User avatar
Al_Dente
 
Posts: 20739
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/16/2018 Live Update

Postby Al_Dente » Wed May 16, 2018 3:18 pm

LATE HAPPY HOUR
Royal Wedding merchandise debuted on a UK morning show.
Sorry ladies, it sold out.

hairy.png.png
User avatar
Al_Dente
 
Posts: 20739
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/16/2018 Live Update

Postby fehro » Wed May 16, 2018 3:20 pm

fehro wrote:SPX bearish wedge for the return trip down.. and lower gap filled..


struggles to fill upper gap.. not a bullish move.. wedge snaps.. mind morning gap for fill.. VIXes still subdue.
Attachments
Screen Shot 2018-05-16 at 12.17.30 PM.png
fehro
 
Posts: 22868
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/16/2018 Live Update

Postby fehro » Wed May 16, 2018 3:27 pm

Al_Dente wrote:LATE HAPPY HOUR
Royal Wedding merchandise debuted on a UK morning show.
Sorry ladies, it sold out.

hairy.png.png

:shock: :? :oops: :cry: :lol: :lol: :lol:
fehro
 
Posts: 22868
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/16/2018 Live Update

Postby QED » Wed May 16, 2018 3:32 pm

Trades with cats wrote:Looking for an explanation on small cap out performance. Positive fundamentals are lower import costs, but that also means lower cost imported competition. Small caps are not prime borrowers so rate increases hit them hard. They also have a lot of debt because they are newish to stock financing.

Small caps as a proxy for the most shorted may be true from time to time but it is getting pretty worn out. All I have left are the same animal spirits that are causing FANGs to be bid up. :?

The rising U.S. Dollar hits large caps more than small caps since the conversion is generally unfavorable
when international profits are converted back to dollars.

Small caps do not have have this problem as much, since most sales are domestic.
Right now there is a subtle rotation from large caps into small caps.

You can see this rotation on a $RUT:$SPX relative chart. :ugeek:
QED
 
Posts: 644
Joined: Wed Feb 11, 2015 2:04 pm

Re: 05/16/2018 Live Update

Postby Cobra » Wed May 16, 2018 3:48 pm


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 41005
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/16/2018 Live Update

Postby fehro » Wed May 16, 2018 3:50 pm

SPX some support here.. looses it look to morning gaps
Attachments
Screen Shot 2018-05-16 at 12.49.04 PM.png
fehro
 
Posts: 22868
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/16/2018 Live Update

Postby Cobra » Wed May 16, 2018 3:50 pm

well, guess that's it for today. Thursday tomorrow has been mixed. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 41005
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/16/2018 Live Update

Postby fehro » Wed May 16, 2018 4:08 pm

fehro wrote:SPX some support here.. looses it look to morning gaps
Attachments
Screen Shot 2018-05-16 at 1.07.31 PM.png
fehro
 
Posts: 22868
Joined: Fri Sep 02, 2011 2:06 pm

Previous

Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot] and 15 guests