07/20/2016 Live Update

[fehro]

SPX VIX slammed and reverses, try again.. dabble small short here

[Al_Dente]

DAILY
The TLT “Flight to Safety” trade bounced off its island gap.
It's below the bolinger centerline, desperately trying to hold that gap.

[Trades with cats]

Media narrative for this is just beyond the pale. MSFT beat? Want to buy a bridge? They got creamed under legal accounting. But just for the media they said, hey we are going to cut or tax rate, there that got things looking good and just to make it a beat we are going to pretend that the massive write off on cell phone business doesn't really count. But that IBD report said cloud (buzzword) computing business doubled. Gee what will they do next, buy Theranos and get into blood testing, or how about Netflix, another uber cool money pit. Death throws of a once major company. It will take years before they realize it is dying, but clearly when all you can do is thrash around being a Johnny come lately with me too plans it is over. Profits sinking and the massive investments of the past being written off in mountains of red ink.

[finman66]

QQQ p-bar at $113.27 from January 7 is met ...... $113.86 remains open above

[fehro]

SPX could argue we are close to some resistance.. .. maybe .. near here.. 2200-2212 - 2279 next resistance.. chart from a few months back
SPX 500 CFD = /ES in shape not price fwiw * Green channel on right chart moved… fixed.. better alignment

[Al_Dente]

NY advancing stocks are 2.0 x declining stocks
NY advancing volume is 1.5 x declining volume

[Daniel]

GDX broke...

Indeed. BUT, PALL (palladium ETF) is up 1% today, and PALL leads!
Also, GLD back over 126.

Junior gold miners however REALLY getting creamed, and GDXJ leads!

ie mixed signals

[wanteasymoney]

2500 Coming hello traders let these profits runing back later

[JFR]

Catching its breath ...

[Al_Dente]

GDX broke...

Indeed. BUT, PALL (palladium ETF) is up 1% today, and PALL leads!
Also, GLD back over 126.

Junior gold miners however REALLY getting creamed, and GDXJ leads!

ie mixed signals

[fehro]

SPX grinding up.. VIX holding.

[Cobra]

the pullback will be bought. hopefully it can touch ema20 first though.

[Al_Dente]

"An up close in the Dow Industrials today will give it 9 consecutive up closes, a rare feat of trend persistence."
In fact, if the Dow hits the ninth up day in a row, it would be only the seventh time this has happened since 1980. In each of these instances, albeit on a small sample size, the index has been up the following six months with an average gain of 10.41%.
The largest of these upward moves was 22.05% after the market hit the streak on January 14, 1987, and the smallest was ….
http://www.businessinsider.com/dow-9-da ... row-2016-7

[MrMiyagi]

Intraday NYMO was down to +5 at the lowest, now up positive on the day at +28.55.

[Junior Buffett]

Recent run up reminds me pre Brexit run...

[bimmerbob]

2500 Coming hello traders let these profits runing back later

good trading!

[Cobra]

members only update at 12:10 pm
http://www.cobrasmarketview.com/2016/07 ... ay-update/

[fehro]

SPX add to the shorts.. cautiously…

[Cobra]

testing ema20, should be some buyers around.

[DellGriffith]

Market is so dull. Nothing to trade. Just keeps going up for about a month.