12/07/2017 Live Update

[Daniel]

Strong dogs (from yest close): XHB, IWM, KRE, XOP, XLI, IYT

Weak dogs (there are few): XLU, XLP (ie 'defensives')

EWZ down -3%... but that's Brazil

[fehro]

and us old folks with gold are going to the cleaners!!

GDX testing
Could bounce as shorts may start to cover in the 21-ish zone
DAILY

The attachment 127gdx.png.png is no longer available

Fwiw GDX Daily /GC <20d/50d/200d/20w and now <50w 1258 1230 VERY key for gold major support lines it goes look to 1180, 1180 goes bombs away to 1040, that goes 700 in waterfall move.. under 1040 expect $20-50 day moves

[Cobra]

members only update at 11:45 am
http://www.cobrasmarketview.com/2017/12 ... ay-update/

[te_fern]

At resistance pivot 2.....

[Al_Dente]

and us old folks with gold are going to the cleaners!!

GDX testing
Could bounce as shorts may start to cover in the 21-ish zone
DAILY

Fwiw GDX Daily /GC <20d/50d/200d/20w and now <50w 1258 1230 VERY key for gold major support lines it goes look to 1180, 1180 goes bombs away to 1040, that goes 700 in waterfall move.. under 1040 expect $20-50 day moves

thanks boss
i'm watching that 21 zone, but it would be KNOCK FOUR TIMES there

[Shaishen]

Glad to see that all you young folks with Bitcoin are getting rich......

LoL I am old folks, probably older than most here The age give away I said y'day BTC 15K by weekend
Only "seasoned" people make cautious predictions..

I got involved in BTC a few years back, a curiosity thing more than investment or speculation.
Now I am one of the HODL crowd - even a 90% drop I am still ahead of the game


.

[fehro]

http://www.zerohedge.com/news/2017-12-07/bitcoin-blasts-through-15000

[Al_Dente]

Franken says he will resign "in the coming weeks"
moments ago

[te_fern]

Glad to see that all you young folks with Bitcoin are getting rich......

LoL I am old folks, probably older than most here The age give away I said y'day BTC 15K by weekend
Only "seasoned" people make cautious predictions..

I got involved in BTC a few years back, a curiosity thing more than investment or speculation.
Now I am one of the HODL crowd - even a 90% drop I am still ahead of the game


.

Very nice!!

[te_fern]

Someone posted a picture of a bitcoin!!

[Al_Dente]

note SAGE
re: depression drug "high hopes")

[Al_Dente]

Legal cannabis has been largely an ALL CASH business, becaues banks wouldn’t risk it.
Now cannabis should get “alternative banking and electronic financial solutions [eg: bitcoin]....for businesses and companies in various "high-risk" industries.”

https://eresearch.fidelity.com/eresearc ... LFEED&sb=1

[Daniel]

SPY, QQQ testing hod. IWM not-- pulling back to test the (upslope) 15min 20ema.
Naz advancers very strong-- but well off the hod.

[Al_Dente]

Bitcoin is the new honey badger
Honey badger don’t give a shit

[Daniel]

Huge intraday selloff in KRE (-1%+ from an earlier high)
XLI and IYT continue to hold onto 1% gains.

[Trades with cats]

http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures/contract-specifications

So a futures contract gets you control of 1 bitcoin for $4,500 of collateral dollars. Minimum price move is $10.00

[te_fern]

SPX looking for support...

[Daniel]

EEM, FXI, Lat.Am all fresh hod here.
USO, EWG as well..

[te_fern]

The levered semi's are going sideways....

[Daniel]

DJT, USO hod

No inverse relationship there, today.