Cobra's Market View

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this bull shall have legs.

members only update starts here: http://www.cobrasmarketview.com/2017/07 ... ay-update/

Bonds spiking.. TLT nears 50w/gapping over 125.14 mind the possible invs H&S on DXY 5-6 days.. 30m.. Dollar holds RS may bounce.

not so rosy all over.. TRANsports.. takes out last 2 weeks LOW nLOM testing Jun highs.. should provide support

vxn, xbd, xlf HOD!

qqq spy, many other sectors LOD!

UUP hovering around its 20day low put in yest.

the pullback probably will be bought, maybe not now, eventually.

Looking at a down channel this morning. From about 8:30 on lower highs and lower lows. We are done with Central Bank policy changes (there were none) until maybe Draghi says something at Jackson Hole. So now it will be all about the provisioning for buybacks, er, I mean earnings reports.

GM

Simple View

mind the COMPQ /NDX outside reversal dailies.. dangerously close - INdex days

Totally risk-off profile just now.

VXN, RVX, FXY all hod

mind the possible indexes sloppy H&S 5m 2 days.. if we stall here.. and can't test HODs.. LODs go.. look for a deep drop

Down and back in one hour, but not quite to the day's high.Wonder if we are carving out a range ?

DXY may undercut AUG 2016 lows 94.08, as /GC tags 20w/50w/50d confluence.. looking for possible reversals in both at those levels

Small Caps have the day's low and yesterday's VWAP at 1438.3 (Futures) which is about to get tested for the second time.

fehro wrote:DXY may undercut AUG 2016 lows 94.08, as /GC tags 20w/50w/50d confluence.. looking for possible reversals in both at those levels

/CL going for 50d 46.62 /CL daily gravestone looking at this level..

range behavior, pullback to range low then rebound to range high. could be higher low and lower high making a triangle. let's see.

fehro wrote:/CL going for 50day 46.62

XLE and especially XOP staged the most dramatic sector reversals of the day. Atop my leaderboard early.. and then off 1% and 2% respectively from their intraday highs.