Back to www.cobrasmarketview.com

   

12/18/2017 Live Update

12/18/2017 Live Update

Postby Cobra » Mon Dec 18, 2017 10:20 am

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.
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: 41031
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/18/2017 Live Update

Postby Cobra » Mon Dec 18, 2017 10:23 am


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: 41031
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/18/2017 Live Update

Postby Trades with cats » Mon Dec 18, 2017 10:47 am

Consolidating-buckle up!
Trades with cats
 
Posts: 6256
Joined: Sat Oct 11, 2014 4:40 pm

Re: 12/18/2017 Live Update

Postby fehro » Mon Dec 18, 2017 10:49 am

someone is a little nervous
Attachments
Screen_Shot_2017-12-18_at_6_47_28_AM.png
fehro
 
Posts: 22868
Joined: Fri Sep 02, 2011 2:06 pm

Re: 12/18/2017 Live Update

Postby Trades with cats » Mon Dec 18, 2017 10:57 am

ES 03-18 (2 BetterRenko(17)) 2017_12_18.png

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.
Trades with cats
 
Posts: 6256
Joined: Sat Oct 11, 2014 4:40 pm

Re: 12/18/2017 Live Update

Postby Cobra » Mon Dec 18, 2017 11:06 am


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: 41031
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/18/2017 Live Update

Postby Trades with cats » Mon Dec 18, 2017 11:07 am

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! :lol:
Trades with cats
 
Posts: 6256
Joined: Sat Oct 11, 2014 4:40 pm

Re: 12/18/2017 Live Update

Postby te_fern » Mon Dec 18, 2017 11:15 am

The TICKs look strong this morning....
Attachments
Tick.PNG
te_fern
 
Posts: 1971
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/18/2017 Live Update

Postby fehro » Mon Dec 18, 2017 11:21 am

fehro wrote:someone is a little nervous


Put/Call at extremes 0.65/Equities 0.57
fehro
 
Posts: 22868
Joined: Fri Sep 02, 2011 2:06 pm

Re: 12/18/2017 Live Update

Postby te_fern » Mon Dec 18, 2017 11:29 am

Will the VWAP provide support on the smalls??
Attachments
TNA.PNG
te_fern
 
Posts: 1971
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/18/2017 Live Update

Postby Al_Dente » Mon Dec 18, 2017 11:31 am

[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]
User avatar
Al_Dente
 
Posts: 20752
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/18/2017 Live Update

Postby Daniel » Mon Dec 18, 2017 11:37 am

At the OR-60, virtually every sector I track is in the upper half of its intraday range.
Daniel
 
Posts: 2914
Joined: Fri Feb 10, 2012 4:27 pm

Re: 12/18/2017 Live Update

Postby Daniel » Mon Dec 18, 2017 11:40 am

UUP however is testing an 8-day low.

..another weak dog is IBB, close to a LOD. Many sectors hitting HOD here, transports especially.
Last edited by Daniel on Mon Dec 18, 2017 11:42 am, edited 1 time in total.
Daniel
 
Posts: 2914
Joined: Fri Feb 10, 2012 4:27 pm

Re: 12/18/2017 Live Update

Postby Al_Dente » Mon Dec 18, 2017 11:40 am

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

1218sml cap outprform.png.png
User avatar
Al_Dente
 
Posts: 20752
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/18/2017 Live Update

Postby Al_Dente » Mon Dec 18, 2017 11:42 am

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]
User avatar
Al_Dente
 
Posts: 20752
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/18/2017 Live Update

Postby te_fern » Mon Dec 18, 2017 11:44 am

Al_Dente wrote: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
 
Posts: 1971
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/18/2017 Live Update

Postby te_fern » Mon Dec 18, 2017 11:45 am

Though we're not inverted yet...
te_fern
 
Posts: 1971
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/18/2017 Live Update

Postby te_fern » Mon Dec 18, 2017 11:47 am

You can go a year or more inverted before the market starts down, but does the inversion does seem to contribute....
Attachments
Inverted curve.PNG
te_fern
 
Posts: 1971
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/18/2017 Live Update

Postby Al_Dente » Mon Dec 18, 2017 11:52 am

ATH:
XLV healthcare
XLY discretionary
XLP staples
SPY
RSP (the equal-weighted spy)
QQQ
AAPL
IYT trans
and more
User avatar
Al_Dente
 
Posts: 20752
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/18/2017 Live Update

Postby Trades with cats » Mon Dec 18, 2017 12:26 pm

Waiting for London/Frankfurt to close, maybe then we can move out of this tight little range.
Trades with cats
 
Posts: 6256
Joined: Sat Oct 11, 2014 4:40 pm

Next

Return to Traders Lounge

Who is online

Users browsing this forum: Google Feedfetcher and 21 guests