Back to www.cobrasmarketview.com

   

12/12/2017 Live Update

Re: 12/12/2017 Live Update

Postby te_fern » Tue Dec 12, 2017 1:02 pm

Biotechs are not participating in today's rally!
Attachments
LABU.PNG
te_fern
 
Posts: 1642
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/12/2017 Live Update

Postby Al_Dente » Tue Dec 12, 2017 1:04 pm

there's not much AD power to sustain this move.....
1212ad.png.png
User avatar
Al_Dente
 
Posts: 20282
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/12/2017 Live Update

Postby Cobra » Tue Dec 12, 2017 1:06 pm

consolidation, bias is up.
Attachments
1.png

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.
User avatar
Cobra
Site Admin
 
Posts: 40161
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/12/2017 Live Update

Postby Al_Dente » Tue Dec 12, 2017 1:07 pm

Trades with cats wrote: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.

Boss: what does Fumar say :twisted:
User avatar
Al_Dente
 
Posts: 20282
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/12/2017 Live Update

Postby Trades with cats » Tue Dec 12, 2017 1:15 pm

Fumar is working on his early holiday gift, has been half stoned for three days now, my trading is falling apart without him!
Trades with cats
 
Posts: 5617
Joined: Sat Oct 11, 2014 4:40 pm

Re: 12/12/2017 Live Update

Postby Al_Dente » Tue Dec 12, 2017 1:15 pm

te_fern wrote:Biotechs are not participating in today's rally!

Boss: Here’s 15 days %, STRAIGHT no juice
Your biotech are orange
You can see how semis (gray at the bottom) lag the QQQ (black)
Best is red financials
1212fifteen percent.png.png
User avatar
Al_Dente
 
Posts: 20282
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/12/2017 Live Update

Postby te_fern » Tue Dec 12, 2017 1:29 pm

Al_Dente wrote:
te_fern wrote:Biotechs are not participating in today's rally!

Boss: Here’s 15 days %, STRAIGHT no juice
Your biotech are orange
You can see how semis (gray at the bottom) lag the QQQ (black)
Best is red financials
1212fifteen percent.png.png


It is interesting how the semis and biotechs, the high vol sectors, are both lagging. The market has definitely rotated....
te_fern
 
Posts: 1642
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/12/2017 Live Update

Postby Trades with cats » Tue Dec 12, 2017 1:31 pm

ES 03-18 the R1 at 2670.75 did not hold. yesterday's highj, overnight high and VWAP are all right at 2668 so 2668.50 is a good line in the sand.
Trades with cats
 
Posts: 5617
Joined: Sat Oct 11, 2014 4:40 pm

Re: 12/12/2017 Live Update

Postby te_fern » Tue Dec 12, 2017 1:31 pm

As Mr. Dente said, the financials are strong in this market....
Attachments
FAS.PNG
te_fern
 
Posts: 1642
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/12/2017 Live Update

Postby te_fern » Tue Dec 12, 2017 1:33 pm

A pull back to the first moving average line and the R2 pivot...
Attachments
SPX.PNG
te_fern
 
Posts: 1642
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/12/2017 Live Update

Postby Cobra » Tue Dec 12, 2017 1:38 pm

the pullback will be bought if not already being bought.
Attachments
1.png

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.
User avatar
Cobra
Site Admin
 
Posts: 40161
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/12/2017 Live Update

Postby Al_Dente » Tue Dec 12, 2017 1:56 pm

why is the dow so strong?
INTRADAY, few moments ago

1212dow.png.png
User avatar
Al_Dente
 
Posts: 20282
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/12/2017 Live Update

Postby Al_Dente » Tue Dec 12, 2017 2:01 pm

just in:
Rand Paul NO on the budget bill
(not the tax bill)
User avatar
Al_Dente
 
Posts: 20282
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/12/2017 Live Update

Postby Al_Dente » Tue Dec 12, 2017 2:05 pm

Earlier:
SPY new hi
Non-confirmation: VIX no new low
User avatar
Al_Dente
 
Posts: 20282
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/12/2017 Live Update

Postby Trades with cats » Tue Dec 12, 2017 2:27 pm

Buy the pullback looking soft. Looks like a set up for a double top. Oscillators refusing to get out of neutral. Need another Senator to talk to the cameras.
Trades with cats
 
Posts: 5617
Joined: Sat Oct 11, 2014 4:40 pm

Re: 12/12/2017 Live Update

Postby te_fern » Tue Dec 12, 2017 2:29 pm

Big board ticks are going the wrong way for a new high....
Attachments
Tick.PNG
te_fern
 
Posts: 1642
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/12/2017 Live Update

Postby te_fern » Tue Dec 12, 2017 2:41 pm

Financials have continued higher....
Attachments
FAS.PNG
te_fern
 
Posts: 1642
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/12/2017 Live Update

Postby Trades with cats » Tue Dec 12, 2017 2:53 pm

ES 03-18 looking at VWAP again. So as usual either a double bottom sandwiched in with the double top (range time) or a breakdown. Pattern has been a sell down until the end of day ramp express.But past patterns do not guarantee future repeats. :lol:
Trades with cats
 
Posts: 5617
Joined: Sat Oct 11, 2014 4:40 pm

Re: 12/12/2017 Live Update

Postby Trades with cats » Tue Dec 12, 2017 3:37 pm

ES 03-18 (1000 Tick) 2017_12_12B.png

Kissed the VWAP and back to the upper channel. Waiting for a third sell signal, will probably fail like the first two!
Trades with cats
 
Posts: 5617
Joined: Sat Oct 11, 2014 4:40 pm

Re: 12/12/2017 Live Update

Postby Trades with cats » Tue Dec 12, 2017 3:40 pm

ES 03-18 (2 BetterRenko(17)) 2017_12_12.png

Renko land looks like consolidation so it can spring higher at Chair Yellen's farewell party.
Trades with cats
 
Posts: 5617
Joined: Sat Oct 11, 2014 4:40 pm

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: No registered users and 8 guests