12/15/2016 Live Update

[Cobra]

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not sure if it's a double bottom here, wait and see.

[fehro]

SPX opening at 2257ish mind the gaps

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/12 ... ay-update/

[fehro]

DXY possibly breakout, gold getting smacked..

[Cobra]

Uempel wants you to see this. he has no computer today, well, again.

[fehro]

DXY possibly breakout, gold getting smacked..

my messy /GC M/W/D … 1090 so key on gold.. it goes.. call me nuts. . "could" see $700 "IF" dollar continues up.

[Trades with cats]

ES 54.75 was double top as a pre-market and an opening range high. Overnight high 57.75, so not a good open for bulls.
20 day average range numbers for ES high 2266 and a possible low 2239, but that range has been slowly tightening all night.

[Trades with cats]

Third attempt at 54.75 ES think it will get through this time. RTH market PP at 2256 tasty looking short term target.

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2016/12 ... ay-update/

[Cobra]

100% mm, so the rebound may still have legs.

[fehro]

SPX retesting H&S neckline 5m .. "could' stall here dabble short

[Al_Dente]

CHINA WATCH:
Bonds bad, stocks ASHR bad
http://www.zerohedge.com/news/2016-12-1 ... rket-crash

[fehro]

DXY nHOD, nHOW, nHOY.. relentless.. cleanest dirtiest shirt..

[Trades with cats]

DX back up at 103.245. Some are looking for 106 eventually. Like I said earlier in the week it is economic seppuku, for US and all linked currencies (China). Is it realted to the Chinese bond market chaos ? How could it not be as this is forcing PBoC to either rapidly devalue or burn through huge levels of reserves. As the press says Uncle Xi is not pleased.

[Trades with cats]

Small caps escalator up elevator down, or as the captain says "we are experiencing some turbulence".

[Trades with cats]

Unreal. Take one of the most unaffordable time periods for housing, now start escalating interest rates to make it worse and the herd says things will be great.

[Al_Dente]

[K447]

...

Unreal. Take one of the most unaffordable time periods for housing, now start escalating interest rates to make it worse and the herd says things will be great.

How long was it between the original irrational exuberance comment and the eventual market fall?

https://en.wikipedia.org/wiki/Irrational_exuberance

[Trades with cats]

K447, Hey it is year end history repeating. Everybody is all in to make bonus off of OPM. In my mind it is setting up for a grand re-run of last January, if not the 2007 to 2008 bubble burst.

[Shaishen]

...

Unreal. Take one of the most unaffordable time periods for housing, now start escalating interest rates to make it worse and the herd says things will be great.

How long was it between the original irrational exuberance comment and the eventual market fall?

https://en.wikipedia.org/wiki/Irrational_exuberance

at this pace in 4 years (about the time frame betw maestro's comments and dotcom burst) we should see DOW 60K and SPX 6K

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