Back to www.cobrasmarketview.com

   

12/26/2017 Live Update

12/26/2017 Live Update

Postby Cobra » Tue Dec 26, 2017 10:22 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.
=============================================================================================================================================================================

triangle, bias is a little 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: 40149
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/26/2017 Live Update

Postby Cobra » Tue Dec 26, 2017 10:26 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: 40149
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/26/2017 Live Update

Postby Cobra » Tue Dec 26, 2017 11:04 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: 40149
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/26/2017 Live Update

Postby Cobra » Tue Dec 26, 2017 11:04 am

Morning hourly hollow red bar.
Attachments
3.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: 40149
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/26/2017 Live Update

Postby Cobra » Tue Dec 26, 2017 11:07 am

RSP actually is up so SPX down is mainly because of AAPL, nothing wrong.
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: 40149
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/26/2017 Live Update

Postby te_fern » Tue Dec 26, 2017 11:13 am

TICK doesn't look too bad...
Attachments
Tick.PNG
te_fern
 
Posts: 1630
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/26/2017 Live Update

Postby te_fern » Tue Dec 26, 2017 11:15 am

Watching the box for the levered smalls....
Attachments
TNA.PNG
te_fern
 
Posts: 1630
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/26/2017 Live Update

Postby fehro » Tue Dec 26, 2017 11:19 am

VIX and TLT both testing 50d SPX bearish wedge 60m.. LOD goes on SPX with Conviction, looking for -40 point drop to 2636ish Dec 8th open gap.. measured move
Attachments
Screen Shot 2017-12-26 at 7.17.53 AM.png
fehro
 
Posts: 22784
Joined: Fri Sep 02, 2011 2:06 pm

Re: 12/26/2017 Live Update

Postby te_fern » Tue Dec 26, 2017 12:03 pm

Resistance line on the SPX...
Attachments
SPX.PNG
te_fern
 
Posts: 1630
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/26/2017 Live Update

Postby Daniel » Tue Dec 26, 2017 12:26 pm

Up/Down vol on NYSE is bullish by about 2:1. On Naz, slightly bearish.

NYSE and Naz advancers are low to moderate-- but not far off their HOD.
Daniel
 
Posts: 2717
Joined: Fri Feb 10, 2012 4:27 pm

Re: 12/26/2017 Live Update

Postby Daniel » Tue Dec 26, 2017 12:32 pm

Cobra wrote:RSP actually is up so SPX down is mainly because of AAPL, nothing wrong.

AAPL currently hanging out around its daily VWAP, ca 170.50; just above there is the 5min 20MA and the Open, both around 170.75 or thereabouts.
Daniel
 
Posts: 2717
Joined: Fri Feb 10, 2012 4:27 pm

Re: 12/26/2017 Live Update

Postby Al_Dente » Tue Dec 26, 2017 12:33 pm

ALMANAC:
three trading days following the Christmas
http://jeffhirsch.tumblr.com/post/16883 ... storically
User avatar
Al_Dente
 
Posts: 20271
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/26/2017 Live Update

Postby Al_Dente » Tue Dec 26, 2017 12:38 pm

REBALANCING ALERT:
This week managed portfolios face a well-documented, mandatory “Quarterly Portfolio Rebalancing,” wherein the managers under contract to maintain a fixed percentage in stocks/bonds (often 65/35 but it varies), must re-align their portfolios to satisfy their contractual mandate.
Since stocks have outperformed bonds this quarter, these managed portfolios will be selling stocks and buying bonds to regain their mandated balance. This will be happening until end-of-quarter Friday 12/29/17, but many managers wait until the last minute to accomplish this.
With the “Santa Rally” in force, stock buyers may overwhelm the forced selling (as they have in some previous quarters), so we’ll see …
1226rebalance.png
Last edited by Al_Dente on Tue Dec 26, 2017 1:19 pm, edited 1 time in total.
User avatar
Al_Dente
 
Posts: 20271
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/26/2017 Live Update

Postby Daniel » Tue Dec 26, 2017 12:39 pm

IWM and MDY both again green.

SMH rebounding strongly from its nearly 2% selloff. Back over 98.
Daniel
 
Posts: 2717
Joined: Fri Feb 10, 2012 4:27 pm

Re: 12/26/2017 Live Update

Postby Al_Dente » Tue Dec 26, 2017 12:51 pm

rotation update
1226rotation.png
User avatar
Al_Dente
 
Posts: 20271
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/26/2017 Live Update

Postby Daniel » Tue Dec 26, 2017 12:59 pm

Daniel wrote:AAPL currently hanging out around its daily VWAP, ca 170.50; just above there is the 5min 20MA and the Open, both around 170.75 or thereabouts.

After dipping below VWAP a bit the past half hour, the above is still basically true. Hanging around. If/when this behemoth takes decisive action, it will move the overall markets.
Daniel
 
Posts: 2717
Joined: Fri Feb 10, 2012 4:27 pm

Re: 12/26/2017 Live Update

Postby Cobra » Tue Dec 26, 2017 1:02 pm


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: 40149
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/26/2017 Live Update

Postby Daniel » Tue Dec 26, 2017 1:10 pm

Al_Dente wrote:REBALANCING ALERT


Indeed. TLT pure gap and go Uptrend Day, so far.
Daniel
 
Posts: 2717
Joined: Fri Feb 10, 2012 4:27 pm

Re: 12/26/2017 Live Update

Postby Daniel » Tue Dec 26, 2017 1:14 pm

Retail is obviously strong today, holiday weekend was full of Strong Sales news. But the homebuilders are also doing well so far.

XLF and KRE were market leaders at the Open, currently are laggards. KRE down 1%.
Last edited by Daniel on Tue Dec 26, 2017 1:17 pm, edited 1 time in total.
Daniel
 
Posts: 2717
Joined: Fri Feb 10, 2012 4:27 pm

Re: 12/26/2017 Live Update

Postby Al_Dente » Tue Dec 26, 2017 1:15 pm

JUNK needs to catch up, and the sooner the better
The compression on the HYG daily bolingers are tighter than they’ve been all year, meaning a BIG move is coming.
Bulls hope it’s up, as right now junk is underperforming spy and iwm, so credit risk is still a danger (junk hasn’t made a new high since October).
1226hyg.png.png
User avatar
Al_Dente
 
Posts: 20271
Joined: Thu Jul 21, 2011 2:29 pm

Next

Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot] and 17 guests