07/08/2016 Live Update

[fehro]

At these point only looking for a spike ...
"Deutsche Bank CDS higher than 2008 when Lehman collapsed"

no worries… DB only worth 27 Trillion , 2 Trillion more than JPM

[Junior Buffett]

NYSE Adv/Dec nearly 6:1
Naz advancers >2000

Bears beware

Brother, you are little late in warning BEARS...

[Trades with cats]

ES back up to 2110 proves to me the spike up in the middle of the night was Da Boyz playing games and passing it off under the cover of the payroll number. I have not seen an expert opinion as to why they want the market up just before a bunch of less than stellar earnings reports come in, but they clearly do.

It could be that the Landesbank collapse on top of all the other known European banking problems has tipped the scales and the hot money is starting to surge into the safer haven of the US. If that is the case then it will be the 1920's all over again as hot money sends stocks to record high valuations.

[Trades with cats]

I should add that these overnight spikes (see BullBears chart) seem to get reversed out within a couple of days.

[Daniel]

NYSE Adv/Dec nearly 6:1
Naz advancers >2000

Bears beware

Brother, you are little late in warning BEARS

NAW. Never too late to warn bears.

"All bulls need is imagination." - Cobra

[fehro]

SPX HOY 2120.55 just 4ish points higher - 52w Hi 2132.82 ATH SPX

[Wallstreetrader]

...

[Al_Dente]

SPY, QQQ beat the pre-brexit (23rd) high
IWM did not yet

[fehro]

Weeklies.. hours to go.. mind the GLD weekly .. iffy..

[Daniel]

Schwab GLD lod ca 129, Scottrade as well.
Stockcharts shows a p-bar for GLD down to 127.50 and reports that as the lod.

[Trades with cats]

Labor Secretary Perez: "Our economy is so strong because our data collection is so strong"

Trucking and warehousing lost. Not a good sign in a consumer economy. Half the new jobs were of the burger flipper variety, so all the junk jobs from W's presidency that went away after 9 11 are continuing to come back..

[Out of Bounds]

How are we really doing in the economy?

[fehro]

Schwab GLD lod ca 129, Scottrade as well.
Stockcharts shows a p-bar for GLD down to 127.50 and reports that as the lod.

TC2000 fwiw - no pre market data.

[Cobra]

members only update at 10:10 am
http://www.cobrasmarketview.com/2016/07 ... ay-update/

[fehro]

SPX almost at HOY less than 2 points short 2120.55 SPY HOY = 212.52

[Daniel]

If this is truly a "blowout" number (which it isn't), this is a very muted response.
Something just doesn't add up here.

Yah. UUP is merely flat on the day. And FXY hit a 52week hi earlier this AM.

[fehro]

SPX dabble short

[BullBear52x]

close long wait for new buy.

[fehro]

/CL W/D/60m .. mind the breakdown retest bear flag 60m .. weekly candle looks sick

breaking..

[Al_Dente]

banks love it