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note macy's (M) breakoutDaniel wrote:Retail is obviously strong today, holiday weekend was full of Strong Sales news. ...........
Quick comment: while credit risk is a big component of HiYield price adjustments, these are still BONDS, and they move up and down with the overall bond market.Al_Dente wrote:...right now junk is underperforming spy and iwm, so credit risk is still a danger (junk hasn’t made a new high since October).
..de nadaAl_Dente wrote:thanks daniel boss
Amazingly, the above continues the same almost word for word. Only difference is that Naz up/down vol has improved to about 1:1 and there are a few more Naz advancers.Daniel wrote: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.
Al_Dente wrote:This is aggravating.
The “Santa Rally” expectations forced me to draw an APPROXIMATE target up on INDU
Now it’s knocking on the bottom line of the little box
“There’s no breakout until there’s a breakout” [Al Brooks]
so goes apple , so goes market, 2things working against it...awfully tough to build on what it has done, tough to raise bar any higher, and personally think last snafu over intentional slowing phone speeds might have bigger effect than expected...pretty good bearish break today with decent volume, triangle forming, maybe beginnings of trouble?...hard to bet against.Al_Dente wrote:AAPL weighting update:
APPL is 3.92% of SPY (AAPL is its heaviest weight. MSFT is #2 at 2.88%), as of 12/22/17
AAPL is 12.15% of QQQ (its heaviest weighted holding), as of 12/22/17
AAPL is 4.87% of the dow (the sixth heaviest weighted stock in the dow), as of 12/23/17