07/22/2016 Live Update

[JFR]

Tight, little range. Waiting for a breakout.

[Trades with cats]

I am looking for either a central banker or earnings news narrative to trigger bulls. Not seeing any good news for market from CBs.
1. B of E has backed off of rate cut for now.
2. BOJ seems to have used Bernanke visit as a head fake to shake up markets. Kuroda San BBC interview was taped in latish June but played after visit. Interview is where he said no legal authority for chopper money and unneeded because of negative rates.
3 PBOC unleashed amazing amount of new debt last quarter but seems to not be making headlines that I have seen.
4 FOMC has made it clear they also will go negative rates but not until clear downturn. Calls for surprise rate cut nonsense given today's PMI. Also how loud would congress howl if surprise move during conventions. Best I have seen is all economic reports are doing is deepening split between one or two increases this year. So I am thinking Wednesday at 2 will be a snoozer.

Therefore front running of central banks could be a looser.

I don't see any big time earnings reports Monday pre-market. I do see that earnings has been a rinse and repeat of the last couple of quarters.

So no news narrative reason to hold longs over the weekend.

[Al_Dente]

5 day %

[icman]

Nice summary!

I am looking for either a central banker or earnings news narrative to trigger bulls. Not seeing any good news for market from CBs.
1. B of E has backed off of rate cut for now.
2. BOJ seems to have used Bernanke visit as a head fake to shake up markets. Kuroda San BBC interview was taped in latish June but played after visit. Interview is where he said no legal authority for chopper money and unneeded because of negative rates.
3 PBOC unleashed amazing amount of new debt last quarter but seems to not be making headlines that I have seen.
4 FOMC has made it clear they also will go negative rates but not until clear downturn. Calls for surprise rate cut nonsense given today's PMI. Also how loud would congress howl if surprise move during conventions. Best I have seen is all economic reports are doing is deepening split between one or two increases this year. So I am thinking Wednesday at 2 will be a snoozer.

Therefore front running of central banks could be a looser.

I don't see any big time earnings reports Monday pre-market. I do see that earnings has been a rinse and repeat of the last couple of quarters.

So no news narrative reason to hold longs over the weekend.

[Al_Dente]

FLAMINGO HOUR

[fehro]

not a lot of excitement to push this to the moon.. .. all it takes its 6 points lower to turn a green weekly candle into a possible toppy bearish one Can happen in less than 5m

[fehro]

note AAPL

not pretty that weekly

[JFR]

Whither thou goest? What say you, market?

Whether to hold for the weekend?

Fold the tent? Steal away in the night?

[fehro]

Moment of truth .. will the paint stick onthe weeklies ... or peel off in the last 10m

[Cobra]

members only update at 3:55 pm
http://www.cobrasmarketview.com/2016/07 ... ay-update/

[Cobra]

well, guess that's it for today. Monday has been generally bull friendly recently. thank you guys, I'll see you in another thread soon.

don't forget our weekly sentiment poll which will be posted right after the market closed.

before the close, please take a little time to vote for me. I just completely renovated the entire public chartlist, hope you like the new changes. Thank you! https://stockcharts.com/public/1684859/tenpp

[Cobra]

Our weekly sentiment poll is here. Folks were right again about this week. Let's see how about the next week.
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