10/11/2017 Live Update

[Cobra]

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consolidation, bias is up.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/10 ... ay-update/

[Cobra]

so far looks like a boring range day.

[Daniel]

Mixed sectors: EWG, EEM 52week high; FXI, SMH, IYR hod

XLB, XLI, XRT, XHB, XLE, XOP lod

[Cobra]

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

[fehro]

FOMC 2:00pm ET sideway chop and slop Bonds/Vixes green… with indexes.. some one is lying..

[Daniel]

SMH, at its intraday high, was less than a nickel from a fresh 52week high.

Very hard to be structurally bearish with the semis pushing regularly to new major highs.

[Daniel]

Nice recovery in QQQ--now suddenly at its HOD

update: IWM, ITB now suddenly at LOD... as SPY/SPX struggles to break into the green.
Still a mixed picture from the various sectors.

--and now UUP hod. GLD lod.

[Cobra]

if channel then should pullback here.

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2017/10 ... ay-update/

[Cobra]

testing channel upper boundary.

[Cobra]

members only update at 3:52 pm
http://www.cobrasmarketview.com/2017/10 ... ay-update/

[Cobra]

well, guess that's it for today. Thursday tomorrow has been generally bear friendly. it's the only weekday that bears may still have some chances. 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

[Daniel]

so far looks like a boring range day.

Actually it turned out to be a boring uptrend day (from the early low). Steady tiny gain.

The ATRs on the major indexes have shrunk to flat squiggles. Algos are speculating over nickels and dimes.

This too shall pass, and volatility and range will return. Meanwhile, correction thru rotation rather than Risk Off is still the order of the day.

[Cobra]

so far looks like a boring range day.

Actually it turned out to be a boring uptrend day (from the early low). Steady tiny gain.

The ATRs on the major indexes have shrunk to flat squiggles. Algos are speculating over nickels and dimes.

This too shall pass, and volatility and range will return. Meanwhile, correction thru rotation rather than Risk Off is still the order of the day.

record fewer participants today...