Back to www.cobrasmarketview.com

06/09/2017 Live Update

User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

06/09/2017 Live Update

Post by Cobra »

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.
  • Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.
  • Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.
  • Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.
  • I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.
========================================================================================================================================================================

in range, no direction. likely another boring day.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/09/2017 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/09/2017 Live Update

Post by fehro »

/GC racing to 20d/50d/50w SMA* 1260 range.. /GC weekly candle very ugly.. as DXY nears possible reversal break out level. MInd /CL oil as well. DXY D/30m fwiw
Attachments
Screen Shot 2017-06-09 at 6.25.43 AM.png
Screen Shot 2017-06-09 at 6.25.11 AM.png
Last edited by fehro on Fri Jun 09, 2017 9:38 am, edited 1 time in total.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/09/2017 Live Update

Post by fehro »

RUT just 5 points short of nATH
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 06/09/2017 Live Update

Post by Trades with cats »

ES futures the 9/17 contract is showing twice the volume of the June contract so far today so it is over we go.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/09/2017 Live Update

Post by fehro »

COMPQ/SPX nATH … RUT almost there.. NDX struggling.. VIX nears multi year lows… nLOY
Attachments
Screen Shot 2017-06-09 at 6.56.21 AM.png
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/09/2017 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/09/2017 Live Update

Post by fehro »

VIX multi year lows.. 9.43 8.63-2006 Lows
Attachments
Screen Shot 2017-06-09 at 7.02.14 AM.png
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/09/2017 Live Update

Post by fehro »

SPX/COMPQ/NDX/INDU all nATH RUT almost there.. TRANSports red.. :roll: .. DXY backing off of resistance.. /GC bounces VIX sharp reversal of the LOYs
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/09/2017 Live Update

Post by Cobra »

look like an uptrend day, bears be careful.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Wallstreetrader
Posts: 975
Joined: Thu Mar 17, 2011 12:00 pm

Re: 06/09/2017 Live Update

Post by Wallstreetrader »

The Cash is Coming ...
Attachments
chart.png
Last edited by Wallstreetrader on Fri Jun 09, 2017 11:18 am, edited 1 time in total.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/09/2017 Live Update

Post by fehro »

fehro wrote:SPX/COMPQ/NDX/INDU all nATH RUT almost there.. TRANSports red.. :roll: .. DXY backing off of resistance.. /GC bounces VIX sharp reversal of the LOYs

ding ding .. RUT nATH -- the thorn in the bull side..
Attachments
Screen Shot 2017-06-09 at 7.29.39 AM.png
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/09/2017 Live Update

Post by fehro »

nibble tiny short SPY 245.00
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/09/2017 Live Update

Post by Cobra »

the pullback will be bought.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 06/09/2017 Live Update

Post by Trades with cats »

From B of A Merrill courtesy of Zerohedge
Image

So I think that little blob at the bottom, Mr. Carney's contribution to fiat money printing, is why the US market is up smartly on political chaos in Britain. Afterall, Mr. Carney took his Brexit cues from the Yellen Fed by cutting rates and printing money so why would he not do more of the same?

Then we have the oft told story around here of the 5 or 10 or 15 stocks that are propping up the market.
Image

As the experts say over the short term the market is an auction and clearly the experts are correct. With a soft economy there is no productive investments for the surplus liquidity flooding the system so the market is absorbing it. The biggest sponges are the hedge fund hotels that are story stocks because they are totally unrestrained by any known metrics. Does anyone really believe that Amazon will replace every corporate data center in America AND maintain a 50% margin on cloud services while Microsoft and Google quietly walk away like Hewlett Packard. Anyone?

It has been said many times before by experts that there is never anything new or different this time, so just like that hand drawn chart of tulip prices we all know how this will end, just not when. But it will not end today!
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/09/2017 Live Update

Post by fehro »

fehro wrote:
fehro wrote:SPX/COMPQ/NDX/INDU all nATH RUT almost there.. TRANSports red.. :roll: .. DXY backing off of resistance.. /GC bounces VIX sharp reversal of the LOYs

ding ding .. RUT nATH -- the thorn in the bull side..
another "possible" thorn.. XLF far from ATH, and under 52w Hi nice H&S if it stalls… fwiw.
Attachments
Screen Shot 2017-06-09 at 8.04.05 AM.png
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 06/09/2017 Live Update

Post by Daniel »

Quite the current outperf by SPY over RSP (the Rydex equal weight SP500), as RSP is still below its recent high of a few days ago.
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/09/2017 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 06/09/2017 Live Update

Post by Daniel »

Daily charts, TLT has now filled its gap up at the beg. of June. Hovering at 124.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 06/09/2017 Live Update

Post by Trades with cats »

TF 06-17 (750 Tick)  6_9_2017.jpg
Another big move by the R2K futures, the TF. Yesterday the high exceeded the 20 day average range by about 12 points, a real monster move. Since I know that casinos make money I am certain we will see a return to the mean so I would not expect the same performance today. But my wife, who used to work with a Statistics PhD is always reminding me that single events are unique so you just never know for sure. That's why people bet against casinos. :D
Post Reply