07/26/2017 Live Update

[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 [email protected].

=============================================================================================================================================================================

double top or not, wait and see. roller coaster show at 2 pm so might no big moves before the show.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/07 ... ay-update/

[Wallstreetrader]

GM

FOMC = be out, don't want surprises (flash crash etc)
News: Tomorrow...
https://www.theguardian.com/world/2017/ ... s-pentagon

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2017/07 ... ay-update/

[Cobra]

morning hourly black bar.

[fehro]

TRANsports not happy

[fehro]

TRIN very warm this morning.. careful .. mind the 2:00pm ET FOMC interest rate decision.. for possible fireworks.. mind the USdollar.. DXY over 94.35 could see a fast move up to 95ish.. /GC looks weak

[Wallstreetrader]

Shorts Dax Reopen has to be...

[Trades with cats]

Complete FOMC analysis to paralysis, Detailed odds and comments from all the major banks
Bottom line, everybody expects the most insignificant announcement of the year.
http://www.zerohedge.com/news/2017-07-2 ... -statement

[Wallstreetrader]

Complete FOMC analysis to paralysis, Detailed odds and comments from all the major banks
Bottom line, everybody expects the most insignificant announcement of the year.
http://www.zerohedge.com/news/2017-07-2 ... -statement

really ? that is something new... , but these time I agree with that site

[Trades with cats]

energy-http://finviz.com/futures_charts.ashx?t=ENERGY&p=m5
DOE inventory confirmed API major draw. Fundamentals are aligned for more of this into August.
1. US refiners are running at record levels moving significantly more crude than last year and exporting it. So they have moved beyond the constraints of US demand.
2. It is the hot season in the middle east, their populations have increased significantly as has the amount of air conditioning. They burn crude oil to power their generators. They flat out do not have it to ship at this point in the annual weather cycle.
3. Venezuela
4. Hurricanes in the Gulf of Mexico- Can shut down the LOOP or Huston as well as shut ins on platforms. If tankers are stopped in both directions for a day or two who knows what the weekly numbers will look like.

BUT- at what price point do the shale drillers start flooding the market? According to popular media they have not sold enough 2018 to cover their bank payments so you know they are under pressure from the Dallas Fed to do so.

[fehro]

TRIN very warm this morning.. careful .. mind the 2:00pm ET FOMC interest rate decision.. for possible fireworks.. mind the USdollar.. DXY over 94.35 could see a fast move up to 95ish.. /GC looks weak

Put/Call at extremes... 0.61/0.57 equites..

[Trades with cats]

from John Kemp

[Al_Dente]

the dow and its heavyweights
(BA is up 8.5%)

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2017/07 ... ay-update/

[fehro]

AAPL - http://www.reuters.com/article/us-apple ... SKBN1AB258

(Reuters) - Apple Inc (AAPL.O) supplier Foxconn Technology Co (2354.TW) will announce plans to build a multi-billion dollar electronics manufacturing plant in Wisconsin at a White House event later on Wednesday, a source briefed on the matter said.

A White House official said President Donald Trump is hosting an event at 5 p.m. EDT with Foxconn "for a technology manufacturing initiative announcement that will bring jobs and billions of dollars in investments to our country."

Foxconn said last month it plans to invest more than $10 billion in a display-making factory in the United States.

[Al_Dente]

Today AMZN market cap just surpassed $500B
[CNBC Fast Money]

[fehro]

Fireworks levels for FOMC fwiw SPX 60m/5m

[fehro]

be soo careful on the dollar and gold - http://www.zerohedge.com/news/2017-07-2 ... llar-rally

[Al_Dente]

FED HOUR within minutes