Back to www.cobrasmarketview.com

12/16/2017 Weekend Update

Post Reply
User avatar
Cobra
Site Admin
Posts: 58336
Joined: Sat Feb 12, 2011 10:29 pm

12/16/2017 Weekend Update

Post by Cobra »

SPY up 4 weeks in a row, the next week has 67% chances to be up again and 83% chances at least another all time new high ahead the next week. Holiday season, guess it'll be boring slowly up most of the days until Dec 28.
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: 58336
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/16/2017 Weekend Update

Post by Cobra »

Here's the latest strong stocks count.
viewtopic.php?f=10&t=2710&p=247685#p247685

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

Re: 12/16/2017 Weekend Update

Post by Al_Dente »

Stunning:
Money Manager sentiment (NAAIM) lept from below 60% to 109.44% in the space of one single week
(100% is “all in”; 109.44% is “all in plus margin”)
Weekly chart
1215naaim.png.png
edit: add: Lyons just posted (saturday afternoon) on the NAAIM:
"That is the highest reading in the survey’s 11-year history, and the 12th reading over 100%."
He has a historical table looking forward weeks and months.
FWIW
http://jlfmi.tumblr.com/post/1685809068 ... o-the-wind
Last edited by Al_Dente on Sat Dec 16, 2017 3:26 pm, edited 2 times in total.
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: 12/16/2017 Weekend Update

Post by Al_Dente »

Here are the top dow performers on the WEEK, brought to you by Disney
1216dow week.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: 12/16/2017 Weekend Update

Post by Al_Dente »

BIG TECH
Last week ATH: GOOG, MSFT, QQQ
Semis SMH are still weak, but had a huge volume spike on Friday, plus two semis showed up in the best performing OEX-large-caps on the week (TXN and INTC, not shown), giving hope to all semis.
AAPL no ATH but strong, and just a couple points away from testing high (“knock three times”).
Charts are daily, using short-term setting 7/13ma
1216qqq.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Post Reply