11/11/2016 Live Update

[JFR]

Volatility and uncertainty. Pretty much represents Donald Trump and people's attempts to get a reading on his future actions.

Will he be able to resist his strongest "make money" urges? I doubt he will put his business interests in a blind trust. Not good enough to say they will be in the hands of his children, methinks. We could be in for a rough ride, including with the markets. I don't think we will be able to avoid talking about DJT and the markets. Personally, I wish him well as President, for the good of the world. Too political for this forum? Dunno if we be able to avoid it to an extent.

[fehro]

SPY 5m.. mind the red triangle.. so early next week if the pattern plays out .. either 2200 SPX ATH .. or 2120 (H&S too) fwiw
setting up for possible a Monday gap…

[Al_Dente]

Relative strength: FANG plus
The only green here is BIB, juiced nasdaq biotech

[fehro]

http://www.zerohedge.com/news/2016-11-1 ... ppens-next?

Since the inception of the VXV in 2007, that is the largest single-day drop in the VIX:VXV ratio on record. NOv 9th

By the 2-week mark, 6 of the 8 had turned negative, all by at least -1%. One month following the signals, 5 of the 8 were negative, with a median return of -4.9%. 5 of 8 were still negative after 2 months. Beyond that, returns normalized. Here are the stats:

[JFR]

Poking its nose out of the little range.

[Cobra]

I won't count on double top here, but let's see.

[Trades with cats]

Friday afternoon, bond traders gone, people worked extra hours already. Wake me when its over.

[Trades with cats]

Second bounce off of daily VWAP. See if weekly R3 pivot holds this time. Please ignor volume profile, it is only part of the day.

[Al_Dente]

Can’t post a chart right now, but I have SPY last two days, near enough to a descending triangle
Bullish breakout would be just above 217 ish
Breakdown would be from testing another bottom, triple bottom 215 ish

[Al_Dente]

Power Hour

[JFR]

Opening price did not hold. How low will it go?

[JFR]

Thank you. God Bless.

[Cobra]

possible 100% mm, too late though.

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2016/11 ... ay-update/

[Cobra]

well, guess that's it for today. Monday has been mixed. thank you guys, I'll see you in another thread soon.

don't forget our weekly sentiment poll which will be posted right after the close, thanks.

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

[Cobra]

Our weekly sentiment poll is here: viewtopic.php?f=9&t=2249&p=232818#p232818