01/06/2017 Live Update

[daytradingES]

CL still below its double top

[fehro]

SPX NDX nATH .. indu.. still not there 20000

[daytradingES]

ZH:
"US oil rig counts have now risen for 30 of th elast 32 weeks (up 4 to 529 today) - the highest in a year...

Following lagged oil prices and leading US crude production higher...



While the market continues to ignore this data (for now), we note that if the codependence remains, then OPEC will need to slash output further to balance the market as US shale output is not dropping any time soon."

[BullBear52x]

bull trap eh?

[BullBear52x]

I will chase down under here.

[Al_Dente]

EARLIER:
NYAD: 347 NET stocks are up on the NYSE

NOW: NYAD +36

real shit.png.png (193.54 KiB) Viewed 4970 times

[Trades with cats]

Running on vapors. Time for plan B Hold it up into the close then gap up Sunday night.

[BullBear52x]

All aboard ! southbound train is about to take off.

[Al_Dente]

HAPPY HOUR

[BullBear52x]

MM knows how to irritating the mass. I am done it's Friday.

[BullBear52x]

Chart for the road: nothing bearish here on a bigger picture, a breaking out process is in progress. bears be ware. Peace!

[Cobra]

HAPPY HOUR

[Trades with cats]

Friday Bonus. S&P EBITDA to price ties 2000 dot com bubble level. And I thought we were gonna have to read about the last bubble this weekend but no, we are beyond that so only dot.com and 1929 for comparos.

[Trades with cats]

Hockey stick at 3:30 or plan B Sunday night hockey stick?

[Trades with cats]

Small Caps twitching a little. VWAP should be down to yesterday's close by 4:00, but them do retail investors even know what a Russell index is?

[Trades with cats]

Saw interview with 28 year old hedge fund manager who only hires ivy league history majors. He was history major started at Bridgewater and has gone on from there. So he has never seen a market where central banks aren't actively managing stock prices. Not the first time I have seen comments along those lines, I do think it is food for thought.

[Al_Dente]

One year, percentages
TRAN (brown) led this rally leg up in November, and it’s now leading down
It takes a while for traders to synch with TRAN, as it’s so fickle and can’t be trusted as a leading indicator

[Shaishen]

Saw interview with 28 year old hedge fund manager who only hires ivy league history majors. He was history major started at Bridgewater and has gone on from there. So he has never seen a market where central banks aren't actively managing stock prices. Not the first time I have seen comments along those lines, I do think it is food for thought.

I read that, he says "Students of history and literature are more trained to understand the existence of multiple perspectives and to engage with them, and so can often more accurately understand the human dynamics that drive stock market flows"

maybe because he has never experienced a free supply demand market gives him an advantage as he does not expect anything else. Then of course he likes history so he knows the old style markets existed in the past.

Every so often we here from young wizards who above all know how to market themselves, a great skill they rightfully monetize. Do they outperform the benchmark?

`

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2017/01 ... ay-update/

[Cobra]

well, guess that's it for today. Monday has been mixed recently. thank you guys, I'll see you in another thread soon.

please don't forget our weekly sentiment poll which will be posted right after the close.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp