12/21/2017 Live Update

[Cobra]

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maybe the low was in?

[Cobra]

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

[te_fern]

Got stopped out of TNA yesterday on the pullback... Have to take a new look today!

[Daniel]

VXN lod
QQQ maintaining its recent RS leader status... for eg., it's still well above the Open, while SPY is well below.

[te_fern]

SPX not holding its opening gains....

[te_fern]

As you can see on this chart the SPX hasn't been able to hold its gap up openings the last couple of days. Going to assume today is the same until the market shows me otherwise....

[te_fern]

The Bios jumped to the top of their box, but has now slid back in....

[Trades with cats]

Last night it was the London/Frankfurt crowd that created that gap up open for us. They keep pushing up but the Globex extended hours are only 1/10th of the pit or cash or open outcry trading hours. And the pit hours want that Friday Monday gap traded. So it is kinda like Groundhog Day the Movie!

Another issue is that they run a reasonable chance of shutting down the government for the holidays, so Bond market is having fits and it is ripping up the risk parity crowd.

I just keep repeating Trade what you see, not what you think!

[Trades with cats]

Overnight view. Those cornflower blue rays with a price in the margin are recent days POCs from the Renko chart. Untill proven otherwise I see them as support resistance levels.

[Daniel]

Gap fill on QQQ, MDY and XLI

[te_fern]

The TICKs appear to be growing positive on the day...

[Cobra]

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

[Al_Dente]

McClellan's latest:
Architecture Billing Index as a leading indicator
https://www.mcoscillator.com/learning_c ... ed_growth/

[Cobra]

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

[Cobra]

morning hourly black bar.

[te_fern]

Levered Bios bounced out of the box to the top...

[Trades with cats]

Skunk in the woodpile- I know of two risk parity funds available to retail investors, ABRZX and AQRIX. They both took a major hit this week, roughly 10% drop. So my opinion is the bond market has caused equities to struggle this week through the mechanism of risk parity fund deleveraging.

[Daniel]

GLD holding the 120 level (so far, that was lod)
SLV hitting hod.

XLB very weak tho, near its lod..

Energy complex, all EEM strong today. Each sector currently HOD.

[Cobra]

this bull shall have legs.

[te_fern]

Starting to move...