Back to www.cobrasmarketview.com

08/24/2017 Live Update

User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/24/2017 Live Update

Post by Al_Dente »

GDX approaches double top
60 min
824gdx dt.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/24/2017 Live Update

Post by Al_Dente »

Amazon announced moments ago … it will cut prices at Whole Foods once the deal closes (Monday).
[edit: WMT hates that]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/24/2017 Live Update

Post by Al_Dente »

WMT is the worst performer in the dow INTRADAY
Hit hard in the OEX are, in order of worst red INTRADAY:
COST
TGT
CVS
MDLZ
WMT
WBA
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/24/2017 Live Update

Post by Al_Dente »

WH presser: the Huckabee kid
live now
https://www.youtube.com/watch?v=t24dPnYOw8s
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/24/2017 Live Update

Post by Al_Dente »

HAPPY HOUR
darth and obi.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 08/24/2017 Live Update

Post by Daniel »

Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.
:|
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 08/24/2017 Live Update

Post by fehro »

/CL weak <20w50w/200d/20d… 50d SMA just a buck lower… daily bear flag.. weekly candle ugly.. 50d SMA 46.72 look to 43.50, then 42.00, themn 39.45
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 08/24/2017 Live Update

Post by Daniel »

However, IYT is also now sufficiently stretched from its 50day that by many metrics it is oversold...
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 08/24/2017 Live Update

Post by fehro »

Daniel wrote:Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.
:|
50w SMA near TRANSports LOD… yup ugly .. weekly
Attachments
Screen Shot 2017-08-24 at 12.17.42 PM.png
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 08/24/2017 Live Update

Post by Daniel »

GLD, SLV, PALL all down on the day, yet their miners (ETFs like gdx, gdxj, sil, remx) are all solidly up today. Hmm.
brokebybernacke2
Posts: 1955
Joined: Wed Sep 21, 2011 10:10 am

Re: 08/24/2017 Live Update

Post by brokebybernacke2 »

Daniel wrote:Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.
:|
not pretty but not really in jeopardy, just yet..8500 level scarier.
Attachments
sc.png
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 08/24/2017 Live Update

Post by fehro »

Attachments
swell1.png
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/24/2017 Live Update

Post by Al_Dente »

"Amazon Prime members will get special discounts at Whole Foods"
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58336
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/24/2017 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: 08/24/2017 Live Update

Post by Daniel »

brokebybernacke2 wrote:
Daniel wrote:Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.
:|
not pretty but not really in jeopardy, just yet..8500 level scarier.
Any multi-day closes below the 200day MA is scary, imo.
That said, the 200day is strongly upslope, and this is probably a better buy spot than sell spot, in the swing timeframe. :?:
User avatar
Cobra
Site Admin
Posts: 58336
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/24/2017 Live Update

Post by Cobra »

well, guess that's it for today. Friday tomorrow has been generally bull friendly. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
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.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 08/24/2017 Live Update

Post by fehro »

Daniel wrote:
brokebybernacke2 wrote:
Daniel wrote:Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.
:|
not pretty but not really in jeopardy, just yet..8500 level scarier.
Any multi-day closes below the 200day MA is scary, imo.
That said, the 200day is strongly upslope, and this is probably a better buy spot than sell spot, in the swing timeframe. :?:
And now a close < 50w SMA :roll:
brokebybernacke2
Posts: 1955
Joined: Wed Sep 21, 2011 10:10 am

Re: 08/24/2017 Live Update

Post by brokebybernacke2 »

fehro wrote:
Daniel wrote:
brokebybernacke2 wrote:
Daniel wrote:Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.
:|
not pretty but not really in jeopardy, just yet..8500 level scarier.
Any multi-day closes below the 200day MA is scary, imo.
That said, the 200day is strongly upslope, and this is probably a better buy spot than sell spot, in the swing timeframe. :?:
And now a close < 50w SMA :roll:
yes, not pretty , but still some play i think, IYT imp level>>>
Attachments
sc (1).png
Post Reply