07/05/2018 Live Update

[Al_Dente]

You may have thought that technology or small caps were the big % winners SINCE THE ELECTION.
NOPE.
The top winners are:
1) Oil up +65% (pink)
2) 10yr treasury yield up +55% (dashed gray)
3) $NDX technology +47% (black)
4) $RUT Small caps up +39% (cyan)

Worst are U.S. treasurys and international equities

Chart is daily, as of Tuesday’s close

As usual, higher oil prices are like a tax on the consumer, as they are forced to spend more money on gasoline.
National average unleaded-gas prices are currently $2.12 per gallon ($GASO)
Here, S&P Global economists explain why this will hurt low and middle-income families the most:
https://www.zerohedge.com/news/2018-07- ... to+zero%29

[Al_Dente]

“Typical” July
Almanac:
http://jeffhirsch.tumblr.com/post/17551 ... half-tepid

[Cobra]

the pullback should be bought.

[Daniel]

FOMC Meeting Minutes at 2pm, can't imagine this upsurge running much longer... unless there is something newsworthy therein, which is slowly leaking out...

[Cobra]

technically it's h5 long, generally should not go beyond h4, but it's the strongest signal bar, so let's see. I'm still experimenting the setup idea.

[fehro]

SPX at resistance nibble short

[Daniel]

TLT, on Cobra's master chart (daily timeframe) shows a 61.8% retrace level for the big multimonth decline as being around 122.30. Today's high was about 122.50 and price is now about 122.20, so the logical Q is: have we reached some kind of target?

Fed minutes might supply a shock which could cause this to become an inflection point. Or, the retrace could simply run out of steam. Or, TLT will not take notice of this Fib consideration, and will continue to meander upward, during its favorable season historically.

[Daniel]

Conversely, this is the weak season for XLF... which is green today, but is a laggard, and continues to languish near its YTD low.

[Wallstreetrader]

these bull is betther be good otherwise i am out ! very weak !!!

[Trades with cats]

5 minute Bars Full Monti on order flow tools

Cirles on bars are at least 100 contracts at price. Horizontal stripes background is the order book at that point in time. Horizontal lines are labeled on the right. EMA 21 in cyan with VWAP and Mid in dash dot. Cumulative Delta in bottom box. Clearly not a positive day for that. Volume profile on the right in blue.

That last attempt at getting above the overnight high did not chew through the resting sell orders and we have picked up another group since at ES 2735. Resistance at 2739 did not get pulled as price got close so I am thinking it is real and not spoofing algos. Of course only a test will tell.

[Wallstreetrader]

out , dead ---
time to look daily HS

[Al_Dente]

HAPPY HOUR

[fehro]

resistance again RUT strong >20d SMA

[Cobra]

testing day high. I have no idea about the direction.

[Trades with cats]

Hammering away at resistance.Not looking like the breakthrough yet.

[Cobra]

members only update at 3:30 pm
http://www.cobrasmarketview.com/2018/07 ... ay-update/

[Cobra]

if bulls can touch the blue line again, then breakout is more likely. overall, I don't expect sharp sell off before the close today which is very unlike all the recent up days did.

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2018/07 ... ay-update/

[Cobra]

Well, guess that's it for today. Friday 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. http://stockcharts.com/public/1684859/tenpp

[daytradingES]

7:48 AM 7/5/2018
The Trump administration's tariffs on $34 billion of Chinese imports are due to go into effect at 0401 GMT on Friday and Beijing said it would respond in equal measure on U.S. goods ranging from cars to soybeans the instant U.S. measures go into effect.

What time would this be in CT?
-6 = 22:01 CT?

12:01 a.m. Eastern Daylight Time

Eastern Daylight Saving Time (EDT) = GMT-4 (USA + Canada)

thanks!