09/06/2017 Live Update

[Cobra]

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No idea up or down here. In the past when don't know can always assume it will be up...

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/09 ... ay-update/

[JFR]

Overnight gap up on YM, ES and NQ.

[fehro]

mind the gap.. this am.. and yesterday's gap … looking for morning gap filled -SPX

[JFR]

Overnight gap up, filled on NQ.

[Trades with cats]

Take one off the fear factor list- Evil site reporting Dem leadership supporting 3 month debt limit increase, kicking the can to the year end recess (where leadership can threaten members with no going home).

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2017/09 ... ay-update/

[Cobra]

morning hourly black bar.

[Daniel]

Minor multiday resistance line for SPY at 247. QQQ struggling w the 145 level-- now red, and near its LOD.

[te_fern]

My TICK screen hasn't updated for 9/6 on stockcharts yet....

[fehro]

remember as per last Friday… Beige book at 2:00pm ET… and Draghi interest rate tomorrow morning before market, with Press Conference QQQ fills morning gap… IWM/SPY lag

[Al_Dente]

My TICK screen hasn't updated for 9/6 on stockcharts yet....

none of the internals are updating today

[Trades with cats]

Stan Fisher gave chair Yellen 30 days notice. His term isn't up until 2020 and he is Vice-Chair into next year. He is 73. I suppose this increases the likelihood of Lael Brainard's opinions guiding policy as I can't imagine Chair Yellen and Bill Dudley changing course because of a Trump appointee to Obama's FOMC.

[Junior Buffett]

BOC increased the rate to 1%....more bad news for real estate in Canada ( particularly in Toronto region)

[Trades with cats]

BOC increased the rate to 1%....more bad news for real estate in Canada ( particularly in Toronto region)

Oct 15th is the party conference. After that the PBoC has to do something. Most are guessing they start devaluing the Yuan, other possibility is they really clamp down on capital outflows, in either case North American hot spots are going to be losing the marginal high end buyers.

[Junior Buffett]

BOC increased the rate to 1%....more bad news for real estate in Canada ( particularly in Toronto region)

Oct 15th is the party conference. After that the PBoC has to do something. Most are guessing they start devaluing the Yuan, other possibility is they really clamp down on capital outflows, in either case North American hot spots are going to be losing the marginal high end buyers.

Do you think they will take any drastic decision when they are so close to the election?

[Trades with cats]

I only know what I read. The experts are all saying afterwards they pull the punchbowl.

[Trades with cats]

Let me add- Currency pegged to US Dollar, Independent monetary policy and lax capital controls, but you can only keep two of the three long term. Short term full speed ahead until they get through the Party Congress in October, then they either adjust policy or someone will do a George Soros verses the Bank of England on them (PBoC). No way they can suddenly pull the rug on out of control lending so either enforce capital controls (hasn't happened yet) or start dropping Yuan. At least that is my understanding.

[Cobra]

members only update at 12:08 pm
http://www.cobrasmarketview.com/2017/09 ... ay-update/

[Al_Dente]

internals are updating now on stockcharts