06/27/2017 Live Update

[MrMiyagi]

ok, the force of bear side is strong. now let's see if bulls can make double bottom here.

Bulls weak today, so far... Jan-Jan in 6 minutes with her sexy thighs may make a difference?

[fehro]

NDX still sitting on the edge of cliff.. be very careful today.. Yellen in 1 hour

QQQs nLOD QQQs loose 139.20 .. look for a fast move to 138.00

ding ding.. key time.. 139.20

[QED]

The hourly and daily $VIX Bollinger Bands are tight as well ...

[Trades with cats]

We all know that Dudley Fisher and Yellen run the Fed. So far this week Dudley, and now today, Fisher have essentially said the market is too high and needs to come down. Any one wanting to bet that Chair Yellen counters that? I know I am not because their lunch on the roof top garden at the Fed building would be very unpleasant tomorrow if she does.

[Al_Dente]

can anyone link me to Yellen when she comes on
(A LIVE LINK IS REQUESTED, LIVE LINK)

[fehro]

getting uglier..

[Al_Dente]

o FISCHER: 'NOTABLE UPTICK IN RISK APPETITES' IN ASSET MARKETS
o *FISCHER: EQUITY P/E RATIOS ARE NEAR TOP OF HISTORICAL LEVELS
o *FISCHER: HIGH ASSET PRICES MAY LEAD TO FUTURE STABILITY RISKS
o *FED'S FISCHER SAYS CORPORATE SECTOR 'NOTABLY LEVERAGED'
o *FISCHER SAYS IT WOULD BE FOOLISH TO THINK ALL RISKS ELIMINATED
o *FISCHER CALLS FOR 'CLOSE MONITORING' OF RISING RISK APPETITES

[Cobra]

reversal usually happens right after the breakdown so key time now.

[Al_Dente]

We all know that the QQQ-100 is tech heavy (it is almost 60% tech)
Its heaviest weighted stock is AAPL at 11.53%, its largest holding
Also heavy is GOOG (9.43% total weight for both Alphabets) and MSFT (8.26%) and AMZN (7.23%)
NFLX is only 1%.
Consumer discretionary is 22% (but that includes AMZN, NFLX, TSLA, etc., which we think of as tech stocks)
Healthcare is 11%
Other sectors are insignificantly weighted
[Source: invesco website, as of 6/20/17]

Regardless of who(m) is to blame (aapl?), a QQQ lower high is still a lower high….. for now….

[fehro]

getting uglier..

look to 50d SMA on NDX/COMPQ if SPX breaks and stays below 20d SMA

[fehro]

dabble short here SPX 2438 .. oil induced rallies.. tend to be always a slippery move

cover most here +$6 2432

[Al_Dente]

I think the QQQ is capitalization-weighted
So, here is QQQ EQUAL WEIGHTED for comparison
Daily, red lines are 20ma
hmmmmm……..not what I expected… IDK

[Trades with cats]

My skills are lacking, this took a while. But there she is in a leather club chair.
https://www.bloomberg.com/live/stream

[Al_Dente]

My skills are lacking, this took a while. But there she is in a leather club chair.
https://www.bloomberg.com/live/stream

THANKS BOSS

[cletus]

I can't believe Cobra said "bulls were in control" with the VIX at 10. They'll never be in control with those parameters. Those of us on the bear side are cleaning up. NOT WISE.

[fehro]

getting uglier..

and more uglier

[Trades with cats]

Q and A soon.

[Al_Dente]

I can't believe Cobra said "bulls were in control" with the VIX at 10. They'll never be in control with those parameters. Those of us on the bear side are cleaning up. NOT WISE.

At 11 am ET bulls were in control
At noon-ish they lost control
It’s all intraday and it moves very quickly. Cobra is very quick, you are very slow

[fehro]

SPX at 20d 2434ish.. 5m expanding wedge.. this level goes.. look for 2417, and 50d 2405

could bounce here 2424.. if not 2417 next

[Cobra]

might be a rebound here first which likely would be sold.