12/16/2016 Live Update

[Eddie]

The nice thing about a strong market when trading ES long is that even if you mis-time your entry, you get bailed out.

[Trades with cats]

Prior 30 minute move was sloppy, this one was much better with the bottom falling on the 30 minute market. What a strange day.

[Eddie]

ES Pivot and VWAP right here. Let's see if the bulls have juice.

[Al_Dente]

Thanks for that! I like last year as a guide, and watching these year end maneuvers can keep you from getting faked out by a sudden move that is mechanical policy.
NY Fed just downgraded economy, high dollar kills large cap earnings, higher rates kill small cap growth. Market at new all time oversold and at mostly record high price value metrics. January has been the death of these December bulls before, seems reasonable that it could happen again. Will let you know for sure in Feb

Happy Holidays to you boss

mona and cat.png.png (144.97 KiB) Viewed 7096 times

[Cobra]

maybe range low was found, now trying range high.

[Eddie]

BB52 "Clockworks" sell.

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2016/12 ... ay-update/

[K447]

Thanks for that! I like last year as a guide, and watching these year end maneuvers can keep you from getting faked out by a sudden move that is mechanical policy.

NY Fed just downgraded economy, high dollar kills large cap earnings, higher rates kill small cap growth. Market at new all time oversold and at mostly record high price value metrics. January has been the death of these December bulls before, seems reasonable that it could happen again. Will let you know for sure in Feb

Overbought?

[Trades with cats]

Hey Eddie, this guy is boring! I fast forward his stuff a lot, but he knows what he is talking about and it is free. Whole sections on trading retracements. Anyway he is hoping if you like his free trading course you will sign up for his service. But no high pressure. Also he is very good at showing his set-ups that fail, always a sign of honesty.
http://adamhgrimes.com/TAAS/

If you do not mind an unending stream of British obscenity (every other sentence) than Tom Dante has some good free stuff also. I particularly like his trading excuses log book. trader-dante.com

[Trades with cats]

K447, thank-you. My brain got in the way, I had 50% odds of getting it right and I picked wrong, you are right

[Eddie]

Many thanks TWC!

[fehro]

SPX mind the lower orange 60m

[fehro]

ETF's Weekly Candles - SPY/DIA toppy, GLD,USO - just ugly… UUP USdollar bullish leaning.. TLT trying to doji.. better support on TLT at 115.50

[QED]

Obama Countdown Clock 
https://countingdownto.com/countdown/ob ... down-clock

[Cobra]

the blue line may not hold.

[fehro]

Still have that press conference to day at 2:30 about the hacking with Obama?

[Trades with cats]

Yesterdays low, S1 support back in the cross hairs again. ADR Low (20 day average) a little lower at ES 47.50. So it would be unusual for that to not hold, but then quad witches are not normal days.

Second factor off shore Yuan crashing because of "I'll take unmanned, unguarded sub for $50 Alex" so you know PBoC will continue dumping treasuries throwing more gas on this funeral pyre (because the dumping forces up rates which strengthens dollar). Goldman warned this morning, wondering if some tough decisions will be made this weekend at holiday parties in New York.

[fehro]

the blue line may not hold.

fwiw.. SPY's 5m 2 versions.. something to watch. with and without ex-div

[fehro]

SPX

[Cobra]

might find support around yesterday's low