Re: 05/24/2017 Live Update
Posted: Wed May 24, 2017 1:36 pm
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05/24/2017 Live Update
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Just in case you were blinking.
Re: 05/24/2017 Live Update
Posted: Wed May 24, 2017 1:38 pm
TICKs vote no
[edit: replaced with better chart]
[edit: replaced with better chart]
Re: 05/24/2017 Live Update
Posted: Wed May 24, 2017 1:57 pm
if fed wishy washy on rate hike next month, look out above....
Re: 05/24/2017 Live Update
Posted: Wed May 24, 2017 2:03 pm
Federal Reserve officials were in broad agreement at their meeting on May 2-3 on a general approach to shrinking the bank's massive balance sheet, according to minutes of the session released Wednesday. Nearly all Fed officials said they were content with a plan to end the reinvestment of principal of maturing securities - the main approach favored to shrink the balance sheet instead of asset sales- in slow, ever-increasing, stages, rather than ending the reinvestment all at once. In their discussion of interest-rate policy, most Fed officials said it would "soon" be time to raise rates again, a signal that the majority on the central bank remain resolute about hiking rates at their meeting next month. But the discussion of the outlook showed widening divisions among Fed officials, with "several" seeing a possible need to start raising rates at a faster pace, while a few others thought a slower pace was more advisable.
Re: 05/24/2017 Live Update
Posted: Wed May 24, 2017 2:08 pm
GOD DAMMIT...BREAK OUT FOR ONCE AND ALL...how many times they will bang their head on 2400 level...enough of this play...
Re: 05/24/2017 Live Update
Posted: Wed May 24, 2017 2:20 pm
roller coaster show on FOMC minutes. so far very bullish.
Re: 05/24/2017 Live Update
Posted: Wed May 24, 2017 2:33 pm
looks like it has topped and is falling 1:33pm
Re: 05/24/2017 Live Update
Posted: Wed May 24, 2017 2:49 pm
Percentages since 17 May (crash day)
Re: 05/24/2017 Live Update
Posted: Wed May 24, 2017 2:54 pm
SPX5m.. grinding..Junior Buffett wrote:GOD DAMMIT...BREAK OUT FOR ONCE AND ALL...how many times they will bang their head on 2400 level...enough of this play...
Re: 05/24/2017 Live Update
Posted: Wed May 24, 2017 3:00 pm
HAPPY HOUR
Re: 05/24/2017 Live Update
Posted: Wed May 24, 2017 3:32 pm
members only update at 3:30 pm
http://www.cobrasmarketview.com/2017/05 ... ay-update/
http://www.cobrasmarketview.com/2017/05 ... ay-update/
Re: 05/24/2017 Live Update
Posted: Wed May 24, 2017 4:00 pm
well, guess that's it for today. Thursday tomorrow has been mixed. thank you guys, I'll see you tomorrow.
before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
Re: 05/24/2017 Live Update
Posted: Wed May 24, 2017 6:32 pm
New Highs on SPY and QQQ = always a good time to check on divergences.
We already know that this is a narrow based advance, with RSP (equal-weighted spy) negatively diverging, still.
We already know that small-caps (SML-600) vs large-caps (OEX-100) are negatively diverging, still.
THE GOOD NEWS IS THAT the advance-decline lines on QQQ and SPY are confirming the advance (AD lines are all in pink; see green circles).
But the broad market nasdaq diverges (bottom panel), more proof that the advance is narrow-based, which we know already.
Eventually the broader market needs to catch up
We already know that this is a narrow based advance, with RSP (equal-weighted spy) negatively diverging, still.
We already know that small-caps (SML-600) vs large-caps (OEX-100) are negatively diverging, still.
THE GOOD NEWS IS THAT the advance-decline lines on QQQ and SPY are confirming the advance (AD lines are all in pink; see green circles).
But the broad market nasdaq diverges (bottom panel), more proof that the advance is narrow-based, which we know already.
Eventually the broader market needs to catch up