Cobra's Market View

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This bull shall have legs.

members only update starts here: http://www.cobrasmarketview.com/2016/11 ... ay-update/

SPX pressing for ATH.. INDU looking to break or gap up/over ATH. 2210 next major resistance on SPX over ATH.
Mind 20w SMA to the downside 2153ish.. and mind the morning gap.. and little gaps above

USDollar DXY near recent highs.. closing in on 2016 highs.

Should Bullish Percentages keep on moving up today an SPX good-bye kiss at 2135/50 might be a good swing long on SPY or ES (no guarantee that there will be a kiss...)

new all-time-high
The Dow $INDU

INDU new ATH .. COMPQ/SPX next closest

/ES green channel for the uber bullish.. /ES nears ATH... . fwiw

SPX filling gaps.. mind the morning gap

all out trump blow off top, don't stand in front of this bull...could be good for another 20%! wait till next year bears...

Spy PB 216.09 and 217.74 hit, I only have dn. PB's now unfilled. Wait and see.

Bullish Percentages shooting to the sky:

http://stockcharts.com/freecharts/candl ... ,$BPFINA|B|

uempel wrote:Should Bullish Percentages keep on moving up today an SPX good-bye kiss at 2135/50 might be a good swing long on SPY or ES (no guarantee that there will be a kiss...)

sss.png

NY advancing stocks = 1.1 x declining stocks
NY advancing volume = 2.0 x declining volume

Worth noting that this is the second day with big bull volume and not so big AD (issues) which means the rally is selective, like banks are well loved

fwiw http://www.zerohedge.com/news/2016-11-1 ... -end-well?

AAPL/FB not happy

fehro wrote:SPX filling gaps.. mind the morning gap

morning gap almost filled.. mind 20w 1253ish.. if we drift down lower

Al_Dente wrote:NY advancing stocks = 1.1 x declining stocks
NY advancing volume = 2.0 x declining volume
Worth noting that this is the second day with big bull volume and not so big AD (issues) which means the rally is selective, like banks are well loved

15 min
AD is circled in pink
Bottom panel is percentages, with banks in red
Ignore vertical lines

SPX pennies short of gap fill 2163.26 bottom of gap

One of the people I follow made a rare market top call as of the open today. I'm not shorting but its interesting to watch. Just leaving this note here.