07/19/2016 Live Update

[fehro]

/GC GLD pressing LOD.. mind the /GC 20d SMA just $2 lower 1327.90

DXY /UUP new HOD USdollar on the move

[Trades with cats]

Getting close to London close. If they are going to turn this thing up it normally will start within the next 45 minutes. I think a real problem is that only the bots are buying on the earnings beat expectations headlines so far. Way too much ink on how they managed to beat and it seams to never be on fundamentals, just CFO black magic.

[fehro]

Getting close to London close. If they are going to turn this thing up it normally will start within the next 45 minutes. I think a real problem is that only the bots are buying on the earnings beat expectations headlines so far. Way too much ink on how they managed to beat and it seams to never be on fundamentals, just CFO black magic.

trying hard to push VIX lower into Option Expiration tomorrow for VIX. After tomorrow.. the move may become stronger.

[JFR]

EUR.USD and GBP.USD down.

[sleeman]

explosion in Turkey

Ergodan arrests 2 pilots who shot down russian aircraft earlier this yr.

A deal is in the making.....alliances changing.....cold war re starting.....and my PUTS/VIX....not moving

[Trades with cats]

I love it when Penn and Teller show us how they fooled us. Same thing here only with bad statistics, he tears apart a front page article on Yahoo finance.
http://www.alhambrapartners.com/2016/07 ... fallacies/

[fehro]

SPX testing LOD, under 2155 next, then 2145

[MrMiyagi]

Kick to the kidneys there...

[Trades with cats]

If the expected pattern is going to work out that had better be an exhaustion bar or Fehro's cautious short is going to be today's big winner!

[Trades with cats]

Small caps double bottom (TF 1201.6)

[Cobra]

members only update at 12:08 pm
http://www.cobrasmarketview.com/2016/07 ... ay-update/

[Cobra]

100% mm, hopefully.

[fehro]

SPX.. VIX creeping up .. RUT new LOD.. NDX not yet..

[Trades with cats]

I am guessing S&P changing the remaining time on the financial doomsday clock (downgrading Deutsche Bank) was the reason for the large fast drop around 11:30.
So with the European market sell off being blamed on the Italian bank bailout being scuttled (No you cannot treat us like Cyprus we are more equal members of the EU), a supposedly politically weakened Merkel and one of the major credit worthy members of the EU leaving I eagerly await Super Mario's next speech

[sleeman]

I am guessing S&P changing the remaining time on the financial doomsday clock (downgrading Deutsche Bank) was the reason for the large fast drop around 11:30.
So with the European market sell off being blamed on the Italian bank bailout being scuttled (No you cannot treat us like Cyprus we are more equal members of the EU), a supposedly politically weakened Merkel and one of the major credit worthy members of the EU leaving I eagerly await Super Mario's next speech

A few ticks caused by a small credit downgrade on 60Trillion of derivatives,,,,nothing to see here...move along....

[Trades with cats]

TF below overnight lows, but the ES is still treading water above them. On a 1 minute chart ES 2155.0 is looking like resistance.

[Trades with cats]

Support Resistance indicator says TF is at good levels of support at 1198, ES not dropping, so maybe this is the Small Cap low for the day.

[Trades with cats]

My poor imitation of BullBear's 1 minute

[Al_Dente]

My poor imitation of BullBear's 1 minute

sweet
do you have one of those nice charts for TF smalls ?
if so, please post

[Al_Dente]

earlier today:
Nobody trusts this market.
1) July cash level are now at 5.8%, up from 5.7% in June and the highest since Nov 2001. [But that is actually "dry powder"]
2) According to the BofA survey, investors buying protection against a sharp decline is at record high, something which would not be happening if the market was "normal" and if traders expected a continuation of the recent upward trend in stocks.
[BofAml, who has been crying wolf all year]