Back to www.cobrasmarketview.com

12/07/2017 Live Update

Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 12/07/2017 Live Update

Post by Daniel »

Daniel wrote:Naz advancers very strong-- but well off the hod.
NYSE advancers have flatlined since this earlier post, but Naz advancers continue to bleed lower...
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/07/2017 Live Update

Post by Al_Dente »

note that tomorrow is the 6th trading day of the month
http://jeffhirsch.tumblr.com/post/16819 ... -usually-a
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/07/2017 Live Update

Post by Al_Dente »

So now bloomb is saying that RUT is tracking with the potus "approval rating"
oy
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 12/07/2017 Live Update

Post by Daniel »

Al_Dente wrote:note that tomorrow is the 6th trading day of the month
http://jeffhirsch.tumblr.com/post/16819 ... -usually-a
Keep in mind that this month is a bit odd, or skewed... since the jobs report is NOT on the 1st Friday, but rather the second. And, if I'm not mistaken, we are into the week before Opex.. which is still the 3rd Friday this month. So there are unusual cross-currents.
te_fern
Posts: 4016
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/07/2017 Live Update

Post by te_fern »

New line in the sand.....
Attachments
SPX.PNG
This is not investment or trade advice.
te_fern
Posts: 4016
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/07/2017 Live Update

Post by te_fern »

Al_Dente wrote:note that tomorrow is the 6th trading day of the month
http://jeffhirsch.tumblr.com/post/16819 ... -usually-a
Pasta boss, from what I can tell from the article, around the 10th day of trading is the best day to go long historically???
This is not investment or trade advice.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 12/07/2017 Live Update

Post by fehro »

fehro wrote:
Fwiw GDX Daily /GC <20d/50d/200d/20w and now <50w 1258 1230 VERY key for gold major support lines it goes look to 1180, 1180 goes bombs away to 1040, that goes 700 in waterfall move.. under 1040 expect $20-50 day moves

/GC nLOD 1250ish nears 50month/100w 1233-30 DXY US dollar pressing HOD >20d testing 50d at HOD GDX lags
te_fern
Posts: 4016
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/07/2017 Live Update

Post by te_fern »

Losing supports....
Attachments
SPX.PNG
This is not investment or trade advice.
te_fern
Posts: 4016
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/07/2017 Live Update

Post by te_fern »

Levered smalls losing gains too....
Attachments
TNA.PNG
This is not investment or trade advice.
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/07/2017 Live Update

Post by Cobra »

double top text book target.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 12/07/2017 Live Update

Post by Daniel »

Cobra wrote:double top text book target.
Target fulfilled. Now the market is kicking back up a bit. Vixes are cooling.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 12/07/2017 Live Update

Post by Trades with cats »

IF we are going to kiss resistance good by from the downside I have ES 2635.75 for R1 and the overnight high (te-fern's blue line). I'll take either one but then I want to see a solid drop below VWAP which is sitting on yesterday's high.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/07/2017 Live Update

Post by Al_Dente »

HAPPY HOUR
oz.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 12/07/2017 Live Update

Post by Trades with cats »

Got ,my reversal at te-ferns magic line but it just doesn't want to do the typical late day selloff quite yet. Maybe some think the Ministry of Truth is using that excel's goal seek function for tomorrow's jobs number to kick off a December rally. I know we have all seen that play before but it is a favorite of the FOMC coaching staff. :lol:
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/07/2017 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/07/2017 Live Update

Post by Cobra »

testing neckline.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/07/2017 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 12/07/2017 Live Update

Post by Daniel »

(back to dime gridlines on the master SPY chart)
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/07/2017 Live Update

Post by Cobra »

well, guess that's it for today. Non farm payroll day tomorrow has been generally bull friendly. thank you guys, I'll see you tomorrow.

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

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
te_fern
Posts: 4016
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/07/2017 Live Update

Post by te_fern »

Ready for tomorrow!! :D
Attachments
SPX.PNG
This is not investment or trade advice.
Post Reply