Cobra's Market View

Something has changed. Relative volume picking up and EMA has diverged from VWAP

Negative feeling day, but the VIX seems to be behaving itself!!!

putie and potus
LIVE NOW

maybe the range low was in because the rebound this time was stronger (orange tinted area).

...........

A ST diagonal that I'm watching for a possible change in direction...

possible mm

That was a quick break....

EARNINGS REPORTS
NFLX tonight after the close
7/17 tomorrow: GS, SCHW, JNJ, UNH before the open

RUMOR:
“Apple is sitting on a massive stockpile of unsold iPhone X devices… The backlog reportedly equals almost three times the number of the high-end handsets already shipped.”
https://www.cultofmac.com/562699/apple- ... inventory/

maybe still up is a little more likely.

Nice fireworks going up through 2800 ES expect more as we try to go back down.

from Helen Meisler (the paper and pencil technical analyst) via Twitter

Here's the 5 day point change in the DJIA (top) and the Transports (bottom)
Charles Dow is rolling over in his grave.
254.70
-243.02

So how many times in a day can you buy or sell ES 2800? Volume is drying up and I am falling asleep.

WAKE UP trades with cats:

ike to see 2750 before going higher. better for bulls.

.
According to the Mensa candidates in the MSM, that are now advocating for thermonuclear war with Russia ...

“Nuclear winter would solve our Global Warming problem!”
.

QED-the evil site (Zerohedge) has an article up with almost no comment showing the big money year to date has been in being long the first half of the month and short the second. Interesting food for thought.