12/05/2017 Live Update

[Cobra]

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double bottom or not, wait and see.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/12 ... ay-update/

[Daniel]

Rotation back into QQQ is the story of the day for the first 15min bars...

[JFR]

Some opening craziness. Gap up on YM. Closed hard.
ES up and down.
NQ Open down a bit. Closed and running up.
Yee Haw ...

[te_fern]

Pretty quiet in SPX land....

[Daniel]

Rotation back into QQQ is the story of the day for the first 15min bars...

..QQQ now testing its (flattening) 15min 20ema from below

[Daniel]

Some opening craziness. Yee Haw ...

What is this Yee Haw... some new chinese internet stock?

{Pleez, some professionalism if not outright shirt-and-tie. This is Investment World, not the rodeo.}

[te_fern]

TICK is a ways from breaking over its MA lines... The Tick for Qs appears to be rolling over...

[Trades with cats]

The overnight view. Both Hong Kong and London had nice run ups but no follow through. They project to 2648 which was a stable area yesterday afternoon. Opening range is tight, but my instinct tells me we need a day to digest.

[Daniel]

IYT just had 4 (!!) consecutive closes above its upper standard bollyband--ripe for shorting?

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2017/12 ... ay-update/

[Al_Dente]

COOL TOY: Corporate Tax Calculator
Near the bottom, select your favorite stock or sector to see what it currently pays in taxes
https://graphics.wsj.com/marketwatch/20 ... ctor/SP621

[Daniel]

Semis (SMH) up 1 and 2/3 % since the open.

R2k/IWM now green

[fehro]

Semis (SMH) up 1 and 2/3 % since the open.

Mind the 20d SMA bounce/test… AAPL dangerous H&S 60m.. it goes down , market goes down

[JFR]

Some opening craziness. Yee Haw ...

What is this Yee Haw... some new chinese internet stock?

{Pleez, some professionalism if not outright shirt-and-tie. This is Investment World, not the rodeo.}

You are very serious. Post a chart for professionalism.

[Trades with cats]

Bitcoin Stating my bias up front. I think they are the new techno version of beany babies. I think the hype is over the top because it is new and the regulators haven't done their job. Think black net trading sites selling drugs etc.

If you insist on playing, the futures will require over $18,000 collateral. It will be interesting to see what the brokers demand for day trading. In stuff like the ES it is about 10% of the exchanges overnight level. Since they open Dec 18th, the Holiday slowdown could actually be very exciting.

[Daniel]

Some opening craziness. Yee Haw ...

What is this Yee Haw... some new chinese internet stock?

{Pleez, some professionalism if not outright shirt-and-tie. This is Investment World, not the rodeo.}

You are very serious. Post a chart for professionalism.

I have no such chart. But Cobra and Al Dente post some representative dog pictures around the 3 o'clock power hour...

[JFR]

Daniel, the serious investor ...

[Trades with cats]

For what it is worth Bloomberg article rehashed at Zerohedge pointed out that the tax bill makes all Corp filers subject to the 20% AMT which is supposed to explain the sell off in FANGS.

[te_fern]

Still nothing going on...