Back to www.cobrasmarketview.com

12/12/2017 Live Update

User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/12/2017 Live Update

Post by Al_Dente »

NY and SPX volume measures are confirming an impending new high, which is a bit surprising, as they frequently diverge, and previous divergences have nailed a tiny-mini pullback….. but only a bullish confirmation is seen here ….
(chart is daily, as of yesterday’s close)
1211ad volume.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/12/2017 Live Update

Post by Al_Dente »

NYMOs are all back to green EXCEPT SMALLS
EOD
1212nymo.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 12/12/2017 Live Update

Post by fehro »

SPX has not touched that magic number 2666.xx :roll: SPY at it
Attachments
Screen Shot 2017-12-12 at 7.55.48 AM.png
Last edited by fehro on Tue Dec 12, 2017 11:56 am, edited 1 time in total.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/12/2017 Live Update

Post by te_fern »

Getting closer...
Attachments
SPX.PNG
This is not investment or trade advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/12/2017 Live Update

Post by Al_Dente »

The heaviest bitcoin volumes today over in the fidelity retail accounts are:
1) RIOT
2) GBTC
3) BTSC
1212fidel.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 12/12/2017 Live Update

Post by fehro »

SPX nATH 2665.39
Attachments
Screen_Shot_2017-12-12_at_8_09_06_AM.png
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/12/2017 Live Update

Post by te_fern »

TICK still looks pretty lethargic...
Attachments
Tick.PNG
This is not investment or trade advice.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/12/2017 Live Update

Post by te_fern »

Levered smalls are going sideways...
Attachments
TNA.PNG
This is not investment or trade advice.
User avatar
Cobra
Site Admin
Posts: 58335
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/12/2017 Live Update

Post by Cobra »


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.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 12/12/2017 Live Update

Post by Trades with cats »

Not exactly an awe inspiring breakout. I kinda miss those legendary gap and go days.This is a gap and stutter trying to get the engine running sort of a day.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 12/12/2017 Live Update

Post by fehro »

fehro wrote:SPX nATH 2665.39
2665.61 almost at that magic number :roll:
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 12/12/2017 Live Update

Post by fehro »

fehro wrote:
fehro wrote:SPX nATH 2665.39
2665.61 almost at that magic number :roll:
ding ding 2666.92 oh the sick humour if that is the top :roll: :lol: :lol:
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/12/2017 Live Update

Post by Al_Dente »

SMALLS 60min
Diamond can break either way
http://thepatternsite.com/diamondt.html
1212diamond.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/12/2017 Live Update

Post by Al_Dente »

SPY new high :o
Hey hey hey, let’s get going here please:
(EOD yesterday)
1212highs.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/12/2017 Live Update

Post by te_fern »

As several have just said, we got the push through!!
Attachments
SPX.PNG
This is not investment or trade advice.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/12/2017 Live Update

Post by te_fern »

Even with oil down, the energy sector is holding on to slight gains....
This is not investment or trade advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/12/2017 Live Update

Post by Al_Dente »

Republican Senator John Cornyn just told the media that there "may be a tentative tax bill deal today." [hence, pop]
House Majority Leader Kevin McCarthy told GOP members the goal is for the House to vote on the tax bill next Tuesday, Dec. 19
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/12/2017 Live Update

Post by Al_Dente »

The munchkin and his team of 100+ people in the Treasury Department were “working around the clock” on modeling various estimates of the tax plan’s effects.
So yesterday he released their findings: a measly one-page “analysis” of the Senate tax bill — 470 words, including footnotes.
Everyone is pizzed. Here are just four problems:
http://www.thefiscaltimes.com/2017/12/1 ... Themselves
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58335
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/12/2017 Live Update

Post by Cobra »


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.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 12/12/2017 Live Update

Post by Trades with cats »

Not sure what to think. That last pop was driven by news so it could easily reverse. Yet we are high enough now to trigger short selling but I don't see it. Therefor, on paper, the high is in and we will sink back into the range as we run out of buy the all time high buyers and do not much until tomorrow after lunch when the Fed will reveal nothing new.
Post Reply