Back to www.cobrasmarketview.com

09/09/2017 Weekend Update

Post Reply
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

09/09/2017 Weekend Update

Post by Cobra »

SPY hasn't touched its weekly ema20 for long long time (2nd record long time since the year 1994). Usually after a long time no touch, the very first touch would be bought as people finally can buy at 20 week average price. So, I mean, maybe the market is about to rollover (I don't know, just a feeling), but bulls should be fine if indeed the rollover happens.
Attachments
5.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: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/09/2017 Weekend Update

Post by Cobra »

Except SSEC which is now in uptrend, the DAX, FTSE and TSX, all look like making a bull flag so nothing to worry, well, at least yet.
Attachments
6.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: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/09/2017 Weekend Update

Post by Cobra »

please don't forget our weekly sentiment poll here: viewtopic.php?f=9&t=2604

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: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/09/2017 Weekend Update

Post by Cobra »

No stock picks for the next week. Here's the latest strong stocks count. improving, but I need see a trend
viewtopic.php?f=10&t=2606&p=244688#p244688

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
TraderJoe
Posts: 881
Joined: Mon Apr 02, 2012 7:08 am
Location: USA

Re: 09/09/2017 Weekend Update

Post by TraderJoe »

Somebody is really bullish on silver. Somebody bought 19,500 contracts of the January 2019 $25 LEAP calls on the SLV ETF. The trade went off at 47 cents or roughly $916,500. With the ETF at $17 today, that would take a 50% rally to end in the money in 2019.
Post Reply