Cobra's Market View

AD bears have little power (except for nas red volume)

NY declining stocks = 1.5 x advancing stocks
NY declining volume = 1.4 x advancing volume
Nasdaq declining stocks = 1.5 x advancing stocks
Nasdaq declining volume = 2.0 x advancing volume

Semicondustors often lead
You saw the negative divergence last month
Now there’s a bit of positive divergence

fehro wrote:

fehro wrote:

fehro wrote:

fehro wrote:nibble 2423.00 long SPX

stopped out .. a tad too early.. will try again..

try again hope not to get Fry'd

add long.. mind the possible hammers dailies.. coming up… not sure yet

sell a portion here SPX +$6.50 bulls getting happier hammer happy

RUMOR
"Stocks Jump On Rumors That Bannon Firing Is Imminent"
West Wing officials are now asking "when," not "if," Bannon goes.
RUMOR

double bottom.

bots fixed

anonymous white house source:
"His departure may seem turbulent in the media, but inside it will be very smooth. He has no projects or responsibilities to hand off."
anonymous

Wallstreetrader wrote:bots fixed

be very careful.. at SPX 50d… "if" we make it..

YESTERDAY
$RUT was the first to break 3-standard deviations below its 50ma
That’s rare, and it won’t last long, but I do see 6 days in dec/jan where it stayed near/below 3-std-dev

I noticed a couple of days ago that a couple of twitter bloggers were buying ERX for a bounce. Doesn't appear to me that it escaped the sell-off either.....

Bears game over again...

The TICKs are up thru their MA now...

the rebound shall have legs which usually means bears are over. let's see if this time is different or not.

Daily, NOT INTRADAY
Dr. Elder's Force Index is a price-volume oscillator, measuring the balance of power behind a move. It It rises when the close is above the prior close and falls when the close is lower, all enhanced by the extent of the move and the volume behind it. A strong advance on big volume pushes the Force Index sharply higher, while a sharp decline on big volume pushes it lower… basically, readings above zero favor an uptrend, readings below zero favor a downtrend.

Al_Dente wrote:AD bears have little power (except for nas red volume)
NY declining stocks = 1.5 x advancing stocks
NY declining volume = 1.4 x advancing volume
Nasdaq declining stocks = 1.5 x advancing stocks
Nasdaq declining volume = 2.0 x advancing volume

NY declining stocks = 0.85 x advancing stocks
NY declining volume = 0.78 x advancing volume
Nasdaq declining stocks = 0.84 x advancing stocks
Nasdaq declining volume = 1.0 x advancing volume

oil induced rally.. /CL nears 20d SMA >20w SMA .. nears break down level on daily.. mind the head fake in oil..

SPX stalling here at last weeks lows 2437.8 out of rest SPX + $8.25

Anyone see/read these article ?
http://www.marketwatch.com/story/breakd ... 2017-08-17

http://money.cnn.com/2017/08/15/investi ... index.html

dabble short 2431 SPX

That run up of 10 handles in 15 minutes into the London/Frankfurt close looked (as the wave counters say) impulsive to me. I admit I cannot define an impulsive wave, but I know it when I see it!
Still that got us all the way to the first fib retracement level so bulls really need to show us something more. I suppose Monday morning gap and go but how far will anyone want to go with our financial lords and sovereign rulers providing insight on Friday afternoon at Jackson Hole. How in the world could Chair Yellen followed by Chair Draghi (both after lunch mind you) not be a set up to send all of us a very clear message. Please no tin foil hats needed as if you recall at a presser Chair Yellen stated that they do not coordinate policy or speeches (that would be wrong to do of course) but they are "aware" of what they are all doing. So let's see if round two of jointly aware messaging by our actual world government causes as many problems for currency and bond traders as round one did!