12/18/2017 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.

=============================================================================================================================================================================

this bull shall have legs.

[Cobra]

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

[Trades with cats]

Consolidating-buckle up!

[fehro]

someone is a little nervous

[Trades with cats]

I updated mu Renko chart this weekend by adding the daily median price . That is the bright turquoise dash dot tracking right below VWAP. I also swithched out the deviation bands for the Median version as they look to track price a bit better.

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2017/12 ... ay-update/

[Trades with cats]

ES has this HUGELY important PsyOps target of 2,700 and all that is happening is consolidation. Can't someone re-broadcast Rubio says yes!

[te_fern]

The TICKs look strong this morning....

[fehro]

someone is a little nervous

Put/Call at extremes 0.65/Equities 0.57

[te_fern]

Will the VWAP provide support on the smalls??

[Al_Dente]

[source: Market Watch, and others]
Share buyback announcements:
BAC said it would buy back up to $5 billion of its shares
BA up to $18 billion of its stock
HD up to $15 billion of its shares
JCI added $1 billion to its plan
TMUS up to $1.5 billion of its stock
CIEN up to $300 million of shares
MSG set a $150 million buyback program
HUM announced a plan for up to $3 billion
HON has an $8 billion plan
TRN has an $500 million plan.
K (Kellogg just announced Friday: up to $1.5 billion, “from January 1, 2018, through December 31, 2019.”)
[Pasta here: I am sure there are many more to add to this list]

[Daniel]

At the OR-60, virtually every sector I track is in the upper half of its intraday range.

[Daniel]

UUP however is testing an 8-day low.

..another weak dog is IBB, close to a LOD. Many sectors hitting HOD here, transports especially.

[Al_Dente]

Bottom panel: after being in the dumpster most of the month, the small caps (cyan) are starting to outperform the large caps (black)
60 min

[Al_Dente]

2y Treasury yield is now above the S&P dividend yield for first time in decade
https://pbs.twimg.com/media/DRG4VxmUIAAeShH.jpg
[Schwab, Dec 15]

[te_fern]

2y Treasury yield is now above the S&P dividend yield for first time in decade
https://pbs.twimg.com/media/DRG4VxmUIAAeShH.jpg
[Schwab, Dec 15]

Eventually higher interest rates and an inverted curve will do in the stock market....

[te_fern]

Though we're not inverted yet...

[te_fern]

You can go a year or more inverted before the market starts down, but does the inversion does seem to contribute....

[Al_Dente]

ATH:
XLV healthcare
XLY discretionary
XLP staples
SPY
RSP (the equal-weighted spy)
QQQ
AAPL
IYT trans
and more

[Trades with cats]

Waiting for London/Frankfurt to close, maybe then we can move out of this tight little range.