Cobra's Market View

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maybe a rising wedge. not a good sign, we may fall into another range which means boring for weeks...

members only update starts here: http://www.cobrasmarketview.com/2016/11 ... ay-update/

SPX opening at 2173ish mind Yesterday's gap.. today's gap.. and the upper gap VIX expires today.

DRYS halted. Unknown if it will ever trade again.

DXY new multi year high by 0.02 100.53

Clockworks, start the day on northbound train.

fehro wrote:DXY new multi year high by 0.02 100.53

/DX chart overnight H&S breakdown right now.

AAPL trying to move up

SPX mind the morning gap.. .. holding channel and support so far… weakish… VIX into resistance. VIX breaks out .. look out below indexes! 20w 2156ish if it picks up speed.

Is Apple hurt or helped by Yuan drop against Dollar ? I am guessing that it is complicated.

BullBear52x wrote:

fehro wrote:DXY new multi year high by 0.02 100.53

/DX chart overnight H&S breakdown right now.

hmm not sure… could say a three push up.. mind the daily candle for an inv hammer.. if not to the moon!

Getting close for a mkt turn

Liquidity took a good bounce.

Nov opex preview is here:

http://www.cobrasmarketview.com/2016/11 ... ay-update/

No strong edge here given the historically unusual occurrences here:

-D

Was reading last night that Kuroda has lost control, and Yen is a big part of the DXY. We find out soon enough what the FOMC is thinking, then DXY and bonds will tell us what they really said.

Trades with cats wrote:Is Apple hurt or helped by Yuan drop against Dollar ? I am guessing that it is complicated.

AAPL last month's candle was a gravestone.. the 99-89 range to the downside is key for AAPL those go.. look to the 45 range.. yea I know crazy talk
Daily orange expanding wedge aka wave 2 for an über bear view

Over the possible slow Thanksgiving week, the retail sector may be a good bet. A swing trade in JWN might be good. Lets see.

Kena, Purely anecdotal evidence says good thought but doubt it. We are opening presents at Thanksgiving since it is the only family gathering this winter. Wife is done shopping, 100 % was on line this year. Daughters doing same for their families. If I was going to gamble on options it would be Amazon etc for cyber Monday.

Trades with cats wrote:DRYS halted. Unknown if it will ever trade again.

I would not bet on that.Been trading this for years.Most always a good bet. Enjoyed this last pop.Sold yesterday. The Greek owner buys and sells his fleet to one of his other Co's to suit mkt conditions. Getting time to short. Lots of time its hard to to buy short.Follow it . You will have fun.