11/29/2017 Live Update

[Cobra]

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this bull may have legs.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/11 ... ay-update/

[fehro]

VIX up sharp takes out yHOD, >50d tests 20d SMA… QQQs very weak.

[JFR]

Overnight gap up. TICK going nowhere so far.

[te_fern]

The Semi's continuing their woes, down 4.5%...

[Trades with cats]

Is bio-tech dropping with the semi's (tech wreck)?

[te_fern]

For today the Biotechs aren't following the Semi's down, up 1.6% (all in levered land!)..

[te_fern]

SPX hit the first resistance pivot....

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2017/11 ... ay-update/

[fehro]

VIX up sharp takes out yHOD, >50d tests 20d SMA… QQQs very weak.

TRANSports! NDX nLODs as RUT/SPX nATH VIX still very elevated.. mind AAPL H&S 5m and 60m

[Trades with cats]

te-fern, thanks for the bio update. They have been making a major double top recently and I have seen several comments this morning on how tech is taking a hit while transports and financials are doing the heavy lifting.

ES stopped two handles short of the R1 pivot.

[te_fern]

te-fern, thanks for the bio update. They have been making a major double top recently and I have seen several comments this morning on how tech is taking a hit while transports and financials are doing the heavy lifting.

ES stopped two handles short of the R1 pivot.

[te_fern]

TWC, you are right the financials have gone straight up the last 2 days....

[te_fern]

General Tech is taking it on the chin this morning too!!!

[Trades with cats]

House Majority Leader has advised members to be flexible at week end.

I am assuming that means don't leave town for the weekend, we are probably going to vote.

[te_fern]

First pullback...

[Trades with cats]

On paper price is supposed to come back up and test VWAP before the drop gets serious.
A complication is that Friday is distribution to 401 K accounts. So greed would have these record prices hang on through Friday when they know that cash will hit.

[Al_Dente]

Small cap, mid cap, large cap
Momentum or high beta
It’s a low-volume ETF, but MTUM (green), the large-cap momentum portfolio, has been the % outperformer
Daily

[te_fern]

Pasta Boss, how is the up/down statistics looking this morning? Thx!!

[Al_Dente]

[add on]
here is that MTUM chart YTD (year-to-date)