Back to www.cobrasmarketview.com

   

09/27/2017 Live Update

Re: 09/27/2017 Live Update

Postby Al_Dente » Wed Sep 27, 2017 12:56 pm

when is he supposed to speak?

notable highlights of the tax plan
Death Tax: Eliminates "death tax" and generation-skipping transfer tax. :shock:
eliminates the AMT
Immediate expensing of CAPEX; corporations will like that
User avatar
Al_Dente
 
Posts: 18825
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/27/2017 Live Update

Postby Cobra » Wed Sep 27, 2017 1:00 pm

sounds like 100% mm.
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.
User avatar
Cobra
Site Admin
 
Posts: 38220
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/27/2017 Live Update

Postby fehro » Wed Sep 27, 2017 1:01 pm

INDEXes dailies… mind EOQ rebalancing.. small caps very happy about taxes.. :lol:
Attachments
Screen_Shot_2017-09-27_at_9_59_18_AM.png
fehro
 
Posts: 21156
Joined: Fri Sep 02, 2011 2:06 pm

Re: 09/27/2017 Live Update

Postby Al_Dente » Wed Sep 27, 2017 1:03 pm

holy crap
giant squeeze on smalls
User avatar
Al_Dente
 
Posts: 18825
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/27/2017 Live Update

Postby fehro » Wed Sep 27, 2017 1:18 pm

XLF working hard today.. small caps banks
Attachments
Screen Shot 2017-09-27 at 10.17.27 AM.png
fehro
 
Posts: 21156
Joined: Fri Sep 02, 2011 2:06 pm

Re: 09/27/2017 Live Update

Postby Al_Dente » Wed Sep 27, 2017 1:22 pm

there were 58,000+ views on that tax plan leak
so....there you go...
User avatar
Al_Dente
 
Posts: 18825
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/27/2017 Live Update

Postby Al_Dente » Wed Sep 27, 2017 1:30 pm

volume OBV is helpful on smalls
5min
927obv.png.png
User avatar
Al_Dente
 
Posts: 18825
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/27/2017 Live Update

Postby Al_Dente » Wed Sep 27, 2017 1:40 pm

This is the ETF heat map, including inverse ETFs
Greens are banks, smalls, short gold, etc
Compared to the regular S&P heat map wherein the big tech and big banks and etc just jump out at you and distract you
Personal preference I guess
Also, these heat maps auto-update which I like
927etf heat.png.png
User avatar
Al_Dente
 
Posts: 18825
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/27/2017 Live Update

Postby Trades with cats » Wed Sep 27, 2017 1:44 pm

IF they cut corporate tax rates it will only help the smalls. So they should be up on this news.

Big guys pay almost no US taxes. We all know why. So any member of congress who gets up and says cutting rates for big corporations is immoral or what ever is a hypocrite because 'they' put all those loopholes in the code in the first place. Tell me why GE gets refunds and Apple and others run everything thru Ireland before you start talking about what is 'fair'.

Tax cut thing is really only for us day traders as Goldman made it clear it is going to be just like the new health care package in regard to passage. I think the timing has to be our Treasury Secretary doing a favor for his friends as this positive spin will save the market until the quarter ends. Because it won't be dead until next year they can use 'tax cuts' as a reason to up the estimates for holiday buying and viola the Trump rally survives the seasonal sell off on that historical 1st term chart. Sorry if I sound a bit cynical.
Trades with cats
 
Posts: 3992
Joined: Sat Oct 11, 2014 4:40 pm

Re: 09/27/2017 Live Update

Postby Al_Dente » Wed Sep 27, 2017 1:46 pm

dear daniel:
nevermind what i said about oil this morning :roll:
User avatar
Al_Dente
 
Posts: 18825
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/27/2017 Live Update

Postby Al_Dente » Wed Sep 27, 2017 1:55 pm

It's safe to say that the smalls are “baking in” the tax proposal
RUT is roughly 2.5 standard-deviations above its 50ma
That’s nearing 3 std-dev above its 50ma which is considered “extreme”

927worm rut.png.png
User avatar
Al_Dente
 
Posts: 18825
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/27/2017 Live Update

Postby Trades with cats » Wed Sep 27, 2017 1:57 pm

Oil Fun Fact- Kemp at Reuters has pointed out that the WTI to Brent spread is almost 6 bucks. If I remember correctly transport is around a 1.50 or so, anyway he expects to see US surplus inventory shipped to Europe with this large an incentive. So it will look bullish from the US point of view but it really isn't, as a lot of that will come back as gasoline this winter.
Trades with cats
 
Posts: 3992
Joined: Sat Oct 11, 2014 4:40 pm

Re: 09/27/2017 Live Update

Postby Cobra » Wed Sep 27, 2017 2:02 pm

this bull shall have legs.
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.
User avatar
Cobra
Site Admin
 
Posts: 38220
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/27/2017 Live Update

Postby brokebybernacke2 » Wed Sep 27, 2017 2:06 pm

brokebybernacke2 wrote:was personally expecting new highs soon and some sort of pull back, but see macd about to cross for a breather, maybe high is in as these bullish waves up all about 30 days in length, we are a bit beyond that for this move up, pullback in process?....regardless, awfully stubborn bull, will take a megasurprise to knock it off its feet..still plan to buy good pullbacks stops round 2450sp, wait mode...


well I correct myself....new highs here we come...now I be shorting we get passed 2510, if sp following smallies..
brokebybernacke2
 
Posts: 903
Joined: Wed Sep 21, 2011 10:10 am

Re: 09/27/2017 Live Update

Postby Trades with cats » Wed Sep 27, 2017 2:07 pm

ES 12-17 (1000 Tick)  9_27_2017.jpg
I am thinking if we fail at the morning high Cobra may have a negative comment tonight!

So far it has been pretty classic, higher low than yesterday followed by a little double bottom as the market consolidated then buyers coming in with a push up, a consolidation then a stronger push. ADX shows buyers in firm control but I really wonder how deep their pockets are as we close in on the day's high.
Trades with cats
 
Posts: 3992
Joined: Sat Oct 11, 2014 4:40 pm

Re: 09/27/2017 Live Update

Postby Shaishen » Wed Sep 27, 2017 2:09 pm

Trades with cats wrote:IF they cut corporate tax rates it will only help the smalls. So they should be up on this news.

Big guys pay almost no US taxes. We all know why. So any member of congress who gets up and says cutting rates for big corporations is immoral or what ever is a hypocrite because 'they' put all those loopholes in the code in the first place. Tell me why GE gets refunds and Apple and others run everything thru Ireland before you start talking about what is 'fair'.

Tax cut thing is really only for us day traders as Goldman made it clear it is going to be just like the new health care package in regard to passage. I think the timing has to be our Treasury Secretary doing a favor for his friends as this positive spin will save the market until the quarter ends. Because it won't be dead until next year they can use 'tax cuts' as a reason to up the estimates for holiday buying and viola the Trump rally survives the seasonal sell off on that historical 1st term chart. Sorry if I sound a bit cynical.



Really appreciate your no nonsense political incorrect straightforward write ups.

:D
Shaishen
 
Posts: 161
Joined: Tue Jul 01, 2014 3:57 pm

Re: 09/27/2017 Live Update

Postby Al_Dente » Wed Sep 27, 2017 2:15 pm

Dow up 0.25%
IWM up 2.0%
sheeesh
User avatar
Al_Dente
 
Posts: 18825
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/27/2017 Live Update

Postby Daniel » Wed Sep 27, 2017 2:17 pm

Al_Dente wrote:dear daniel:
nevermind what i said about oil this morning :roll:

In the intraday timeframe all considerations other than price patterns are somewhat moot.

And I too prefer the FinViz ETF heatmap to that of the SP-500 stocks. It more quickly gives me that overview of emerging "themes" for the day.

:P
Daniel
 
Posts: 2170
Joined: Fri Feb 10, 2012 4:27 pm

Re: 09/27/2017 Live Update

Postby fehro » Wed Sep 27, 2017 2:25 pm

for craziness.. mind IWM gap fill. :roll: Wed, peak week, eom, eoq. .be careful :roll:
Last edited by fehro on Wed Sep 27, 2017 2:25 pm, edited 1 time in total.
fehro
 
Posts: 21156
Joined: Fri Sep 02, 2011 2:06 pm

Re: 09/27/2017 Live Update

Postby Al_Dente » Wed Sep 27, 2017 2:25 pm

SPX all-time-high today
RSP equal-weight spy made an ATH yesterday which should have been a clue
User avatar
Al_Dente
 
Posts: 18825
Joined: Thu Jul 21, 2011 2:29 pm

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: Bing [Bot], brokebybernacke2, Google [Bot], Google Adsense [Bot], Junior Buffett, K447, Trades with cats and 37 guests