02/21/2017 Live Update

[Cobra]

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consolidation, bias is up.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/02 ... ay-update/

[Trades with cats]

John Kemp has updated is oil spec holdings charts. He explains that with OPEC claiming they will cut if price drops below $50 managers don't see the need to have a balanced trade. However the last paragraph lists the three things that can go wrong, falling demand, cheating and of course rising non-OPEC production.
http://www.reuters.com/article/oil-hedg ... SL8N1G53BB

[parker]

RSI 5 min > 90

[Trades with cats]

DX Dropping, as opposed to the overnight chatter about rising Dollar and crude.

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2017/02 ... ay-update/

[Cobra]

this bull shall have legs.

[BullBear52x]

DX Dropping, as opposed to the overnight chatter about rising Dollar and crude.

Intraday /DX is on the sell side and /CL 54.5 will have the same faith as /DX.

[superxy]

bull is insane...even 200ma cant defy it


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[BullBear52x]

First neg D. time to get a foot in the water. will see, tight very tight stop.

[Trades with cats]

No idea what happened at about 10:05 Eastern but it sure gave this market a boost . Those blue lines are the one and two standard deviations away from VWAP. If the Average Daily Range sticks it looks like there isn't a lot of up left.

[Trades with cats]

Brent Crude short squeeze developing according to Kemp in the May June contract. Without naming names he reminds everyone of how well Glencore orchestrated that last spring when two North Sea fields were down for maintenance. So that will be a good tell for journalists writing about oil. If they cite Brent backwardation when WTI is still in contango without explaining last years artificial short squeeze then they will be writing propaganda for OPEC.

[BullBear52x]

/CL got the same move as /DX

[Trades with cats]

So will this be like the fifth week in a row where you short crude today before API inventory then go long tomorrow when EIA report comes out confirming the build then get out fast to cash? (insert clip of Vegas craps table) Like Daytrading ES said this weekend when they are shipping gasoline from New York to west Africa to find a market something isn't right.

[BullBear52x]

/ES bears got slaughter again. .

[BullBear52x]

no weakness no sell on /ES from here, buy is the only ticket on any weakness.

[Al_Dente]

New highs:
INDU
SPX
NDX
RUT

[Trades with cats]

TF looking like it is in trouble. Trying to hold on at 1407 but the magic six is too powerful.

[Trades with cats]

TF 1406 was the first pullback support this morning and it is holding for now.

[johnnywa]

TF 1406 was the first pullback support this morning and it is holding for now.

What does TF stand for?