02/16/2016 Live Update

[Wallstreetrader]

...

[Cobra]

members only update at 3:53 pm
http://www.cobrasmarketview.com/2016/02 ... ay-update/

[fehro]

INDEX days.. volume a tad light.. but need to check again at EOD

[Cobra]

well, guess that's it for today. Wednesday tomorrow has been bear friendly recently. 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

[Daniel]

China, Germany fresh hod

[Daniel]

smallcaps, biotechs as well

GLD, SLV fresh lod

[uempel]

Will be back at end of week because I don't want emotions into myself because it's very big the position, bye guys a friday will be back .

SPX above the MA 20, Bullish Percentages extremely strong, SPX broke out of bullish flag and you're playing the short side? Of course: options expiry next Friday and that's difficult to assess. But besides that the odds are against you in the next days/weeks...

[MrMiyagi]

Intraday NYMO at +30.39, steady through the day.

[Daniel]

up/down volume was steadily bullish into the close, both Naz and NYSE

smallcaps (IWM) sold off in the final 15min, QQQ held steady...

[josephli]

potentially extreme OB forming. if confirmed, expecting 30 pts pull back. bullish leaning swing term.

[Trades with cats]

fehro, Thanks for the Barron's cover, BUT I don't think it counts. Everything I have ever read uses Fortune, The Economist and Time.Not sure Barron's is a valid signal

[Trades with cats]

We have seen this movie before, we know how it will end. Higest activity on most shorted in four months
which leads to today's action

[daytradingES]

8:56 AM 2/16/2016
heading to LE prob 1871.25
it needs to hold 1869 area or
it is in danger of falling to the gap Cobra mentioned 1860.75

Target met: another excellent call DTES

Thanks RF!

[daytradingES]

Today

High Est 1896.00
Actual High 1892.50
Dif= 3.50

Low Est 1867.50
Actual Low 1870.25
Dif= -2.75

[daytradingES]

WASHINGTON (AP) — U.S. producer prices edged up slightly in December as the biggest rise in food costs in eight months offset a further decline in energy prices. The tiny overall increase indicated that inflation pressures remain modest.

The Labor Department says its Producer Price Index rose 0.1 percent in January after having fallen 0.2 percent in December. Over the past year, the PPI, which measures inflation pressures before they reach the consumer, is down 0.2 percent. Core inflation, which excludes energy and food, rose 0.4 in January, the biggest one-month jump in 15 months. Over the past 12 months, core inflation is up 0.6 percent.

A big drop in energy prices in the past two years and a strong dollar have combined to keep inflation low.

[daytradingES]

7:55 AM 2/17/2016
OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH16 +0.70%) are up +0.73% and European stocks are up +1.89%, both at 1-week highs, as a rally in crude oil lifts energy producers. Bank stocks are also higher, led by a 11% jump in Credit Agricole, after it said it will sell back stakes in regional banks to shore up capital. Asian stocks settled mixed: Japan -1.36%, Hong Kong -1.03%, China +1.08%, Taiwan +0.03%, Australia -0.57%, Singapore -1.16%, South Korea +0.18%, India +0.82%. China's Shanghai Composite pushed up to a 3-week high on signs the government will increase stimulus after people familiar with the matter said that China's chief planning agency is making more money available to local governments to fund new infrastructure projects.

The dollar index (DXY00 -0.02%) is down -0.02% and fell back from a 1-week high after dovish comments from Boston Fed President Rosengren who said that weak inflation should slow the pace of Fed interest rate hikes. EUR/USD (^EURUSD) is up +0.04%. USD/JPY (^USDJPY) is down -0.04%.

Mar T-note prices (ZNH16 -0.14%) are down -4.5 ticks.

Boston Fed President Rosengren said Tuesday night that "recent global events may make it less likely that the 2% inflation target will be achieved as quickly as had been projected in recent forecasts. If inflation is slower to return to target, monetary policy normalization should be unhurried."
U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous +9.3% with purchase sub-index +0.2% and refi sub-index +15.8%), (2) Jan housing starts (expected +1.8% to 1.170 million, Dec -2.5% to 1.149 million), (3) Jan PPI final demand (expected -0.2% m/m and -0.6% y/y, Dec -0.2% m/m and -1.0% y/y) and Jan PPI ex food & energy (expected +0.1% m/m and +0.4% y/y, Dec +0.1% m/m and +0.3% y/y), (4) Jan industrial production (expected +0.3%, Dec -0.4%), (5) the minutes of the Jan 26-27 FOMC meeting, and (6) St. Louis Fed President James Bullard's speech about the U.S. economic outlook and monetary policy to the CFA Society of St. Louis.

There are 13 of the S&P 500 companies that report earnings today with notable reports including: Marathon Oil (consensus -$0.48), Williams Cos (0.27), Newmont Mining (0.13%), Marriott (0.76), Priceline (11.73), Dr Pepper Snapple (0.98).

U.S. IPO's scheduled to price today: none.
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WASHINGTON (AP) — Cold winter weather appears to have cut into homebuilding in the Midwest and Northeast, causing the pace of construction to tumble in January.

Housing starts slipped 3.8 percent last month to a seasonally adjusted annual rate of 1.1 million homes, the Commerce Department said Wednesday. A sharp 12.8 percent decline in construction in the Midwest and a 3.7 dip in the Northeast propelled the broader decrease, with construction also falling in the South. It was nearly unchanged in the West.

The setback occurs after months of improvement for the real estate market. For all of 2015, builders broke ground on 1.1 million properties, the most since 2007 when the housing bubble was beginning to burst into a broader recession
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[josephli]

so far market try to mirror last September bottoming.

[josephli]

extreme OB in the morning. probably a range until afternoon.