Back to www.cobrasmarketview.com

12/07/2017 Live Update

User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

12/07/2017 Live Update

Post by Cobra »

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.
  • Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.
  • Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.
  • Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.
  • I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.
=============================================================================================================================================================================

Sorry late, there's no internet for awhile.

2nd test of previous low. higher low or not wait and see.
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.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 12/07/2017 Live Update

Post by fehro »

:roll: ?? data issue? IRX FVX
Attachments
Screen_Shot_2017-12-07_at_6_09_40_AM.png
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.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 12/07/2017 Live Update

Post by fehro »

BTCUSD 60m
Attachments
Screen Shot 2017-12-07 at 6.40.25 AM.png
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 12/07/2017 Live Update

Post by Trades with cats »

Today all the index futures are trading the March 2018 contract. Dec 2017 contracts go away on Friday the 15th which according to my old school paper Almanac has three witches.

FuturesTrader71 pointed out this morning that the contracts have finally returned to backwardation. The Fed short term interest rate is now higher than the dividend yield.ES difference is $2.75 per contract.
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.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 12/07/2017 Live Update

Post by fehro »

mind the 20d SMAs all around
Attachments
Screen Shot 2017-12-07 at 7.00.31 AM.png
te_fern
Posts: 4016
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/07/2017 Live Update

Post by te_fern »

Couldn't break the blue resistance line yesterday, lets see what today brings....
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 »

That is also about at the first pivot resistance too.
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 »

You can do it!! :D
Attachments
SPX.PNG
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 »

Prior to Thursday, the DJIA had gone 72 days without experiencing a daily range as wide as 1%. If that sounds like a long stretch, it’s because it is a record. In fact, the record prior to this recent streak was just 49 days in a run that ended in late February of this year. And prior to 2016, the record going back to 1928, according to our database, was a mere 32-day streak back in 1944 – less than half the recent streak.

http://www.zerohedge.com/news/2017-12-0 ... gets-shock
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/07/2017 Live Update

Post by Cobra »

100% mm, this bull may have legs.
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 »

Watching the levered SOX this morning...
Attachments
SOXL.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 »

Can we hold the breakout??
Attachments
SPX.PNG
This is not investment or trade 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 »

I have always lived in a world of cause and effect, scientific enquiry and mathematics. THAT is why these magic numbers working day after day is DRIVING ME CRAZY!!!
ES turned down AT R1. :roll:
te_fern
Posts: 4016
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/07/2017 Live Update

Post by te_fern »

The high Vol sectors like biotechs are doing well this morning....
Attachments
LABU.PNG
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 »

VIX at 50d NDX at 20d .. dabble short
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/07/2017 Live Update

Post by Al_Dente »

Meanwhile over at the Sausage Factory:
They are considering a deal to roll back the corporate rate to 22% instead of 20%. (Each percentage point that is added back to the corporate rate would free up around $100 billion in revenue over 10 years.
Also considering repeal or scaling back AMT for corporations.
Another possible change would allow a deduction of up to $10,000 of state income tax OR local property tax. The House and Senate bills would only allow a deduction of the property tax component.... There are other SALT options on the table.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
Posts: 4016
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/07/2017 Live Update

Post by te_fern »

Holding on so far....
Attachments
SPX.PNG
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 »

mind your BTCs :roll:

http://www.zerohedge.com/news/2017-12-0 ... egulator-r

As we countdown to the launch of bitcoin futures trading on the CBOE (10 December) and CME (18 December), the big banks – via the Futures Industry Association - have suddenly got cold feet about the risks.
Post Reply