12/07/2016 Live Update

[Cobra]

very small 3 push up, maybe finally a pullback to ema20 here?

[BullBear52x]

Freshly breakout, bears will get pretty lucky to 50% pull back from breakout point, if a pull back is more than 50% I would give the bear the benefit of a doubt that the breakout could be a head fake, until then to reassess the next move for short term view.

[Trades with cats]

Betting on Super Mario adding to QE tomorrow. If he doesn't could trigger sell the news event. We have seen this happen.

[BullBear52x]

UNG or /NG last stand for da bulls, I am buying here do or die, but it will be a cold winter per farmer Almanac

[Eddie]

Wow. I don't know what to do with this other than sit back and watch with amazement.

[Out of Bounds]

Had to go run an errand and came back to this while short!



Trying to get a read on what's happening but no success. I'll look at it overnight and decide tomorrow.

I mean it looks overbought but it has looked like this for a while.

[K447]

Wow. I don't know what to do with this other than sit back and watch with amazement.

Later you can watch the nightly TV 'news' try to explain it

[Eddie]

Had to go run an errand and came back to this while short!



Trying to get a read on what's happening but no success. I'll look at it overnight and decide tomorrow.

I mean it looks overbought but it has looked like this for a while.

I feel for you. I have been caught in bad trades and it is a gut wrencher.

[fehro]

ADV/DEC + SPY

[brokebybernacke2]

Had to go run an errand and came back to this while short!



Trying to get a read on what's happening but no success. I'll look at it overnight and decide tomorrow.

I mean it looks overbought but it has looked like this for a while.

oob

imho, u just a bit early on short, calling a TOP today... whether its a big one remains to be seen, but bollies are being pressed over this lackluster volume rally....needs a breather..

[fehro]

SPX green, VIX green, TLT green

[Shaishen]

Wow. I don't know what to do with this other than sit back and watch with amazement.

Reminds of the dot com times

[Al_Dente]

Banks, the darlings of the PEOTUS rally have pushed up step-by-step with rising rates… until a couple/few days ago…
TNX divergence… may be a temporary divergence …. I don’t know…
What I do know is that U.S. Banks KBE (kind of like $BKX but it’s tradeable) is ROUGHLY 32% above its 200 ma, and that is epic overstretched.
But note that it has been on epic stretch for many days now…

[Out of Bounds]

Maybe we're on a third push up?

[Cobra]

members only update at 3:53 pm
http://www.cobrasmarketview.com/2016/12 ... ay-update/

[Cobra]

well, guess that's it for today. Thursday tomorrow has been a little bit bear friendly recently. thank you guys, I'll see you tomorrow.

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

[fehro]

new ATH INDU, TRANSports, SPX, IWM, W5000, … COMPQ pennies short.. NYSE close,… NDX lags
and VIX hammers