11/22/2016 Live Update

[Cobra]

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Rising wedge turns into up channel, at least it's not bearish.

[Cobra]

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

[fehro]

SPX opening at 2201ish.. mind the morning gap.

[fehro]

SPX .. nibble short

[Out of Bounds]

Holding my short overnight was a mistake.
I thought I saw some weakening but that turned out to be very wrong. I was just too early IMO.

Still holding to see how this develops through the day as I think the bull is due to falter but new highs often just generate more new highs.

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2016/11 ... ay-update/

[superxy]

Holding my short overnight was a mistake.
I thought I saw some weakening but that turned out to be very wrong. I was just too early IMO.

Still holding to see how this develops through the day as I think the bull is due to falter but new highs often just generate more new highs.

Holding ES short?

[Daniel]

Holding my short overnight was a mistake. I thought I saw some weakening but that turned out to be very wrong. I was just too early IMO.

Still holding to see how this develops through the day as I think the bull is due to falter but new highs often just generate more new highs.

It's always totally realtime w OOB. Gotta love it.

Here's a re-post, from yesterday's excellent sharing from Al Dente-- a study by the always meticulous research-behemoth that is Rob Hanna (at Quantifiable Edges and InvestiQuant).

"Monday and Tuesday of Thanksgiving week do not show a strong, consistent edge. But the data for both Wednesday and Friday looks quite strong. Both of those days have seen the S&P 500 rise over 70% of the time, between 1960 – 2015. The average instance managed to gain about 0.3% for each of the 2 days. That is a hearty 1-day avg move."

Based just on this one seasonality study, perhaps a nimble and opportunistic skedaddle before that wall of potential bullishness hits might be the "discretion that is the Better part of valor..."

(Also, many markets are hitting ATHs simultaneously, that can reinforce a bullish spurt...)

[fehro]

SPX .. VIX not making lower lows.. yet.. possible minor double top… seems better resistance is a tad higher. not ideal.. add a little to the short side. Tuesday, Wed big players leave early?.. long weekend, low volume.. profit taking from the election move up.. "could" kick in at any time.
oh TRIN is hot 1.64

[BullBear52x]

I hate this gap and do nothing.

We are never going down again EVARRR

[Al_Dente]

10 year Yield is at multi year resistance
Guessing it will eventually go to 30 (3.0% yield)
(Dollar is EOD)

[BullBear52x]

Clockworks, now there is something to work with.

[Out of Bounds]

Holding my short overnight was a mistake.
I thought I saw some weakening but that turned out to be very wrong. I was just too early IMO.

Still holding to see how this develops through the day as I think the bull is due to falter but new highs often just generate more new highs.

Holding ES short?

Yes, from 2190

[fehro]

DXY on the move.. creeping up

[BullBear52x]

DXY on the move.. creeping up

yep, the weakness turns bear trap if no stop

[BullBear52x]

TOS is not response, anyone got problem with TOS?

[BullBear52x]

Exhaustion gap is more likely right at the moment but this dip will be bought first, TSI is your friend.

[Cobra]

recently there's always a sharp morning dip making 2nd leg down seemingly high likely then boom, up and up and up, no more pullback. Let's see if today is again the same.

[fehro]

SPX nears gap fill gap 2198.18 .. hourly candle not pretty. VIX over 12.75 could see sharp down index wise

[BullBear52x]

Attn: /DX trader, last buy failed bears turn next.