Cobra's Market View

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shortened trading day, generally favors bulls.

members only update starts here: http://www.cobrasmarketview.com/2017/07 ... ay-update/

SPX nears downtrend resistance here.. mind the morning gaps.. dabble short 2436ish

GM

...

fehro wrote:SPX nears downtrend resistance here.. mind the morning gaps.. dabble short 2436ish

looking to gap fill Fri's close 2424ish..

On a shortened day do the algos still run?

Everyone has their favorite “seasonality” view, and changing the length of time will always alter the results. If you use the new stockcharts “Seasonality” BETA tool, you can move a slider to create the exact time-frame that u want.
Here’s the $NDX showing only the years of the bull run from 2009 to the present: Also, it allows you to switch and view the seasonality of any individual stock you want, for example AAPL: HOW TO:
At the top center of any chart page, type in your symbol in the box that says “enter symbol or company name”
Just to the left of that where it says “create a chart” select “Seasonality” from the dropdown menu
Click “go”
Use the slider at the bottom to expand the view to include more years.
Just below the slider, you can compare your chart to any other symbol…that’s cool…

qqq is red now


Sent from my iPhone using Tapatalk

the pullback should be bought.

This guy believes that the Swiss central bank “owns about $80 billion in US stocks (June, 2017).
They have bought roughly $17 billion worth of US stocks so far this year….Switzerland is now the eighth-largest public holder of US stocks.
It has got to be one of the largest holders of Apple….
The point is that central banks and governments are flooding the market with liquidity all over the world.”
http://www.zerohedge.com/news/2017-07-0 ... eres-catch

TICK has been strong since Friday....

ATH on JPM

Levered Smalls topped today at the 8 day highs (so far)...

Levered financials are higher right out of the gate today!

INDU TRANsports.. nATH .. and poor NDX UGLY

fehro wrote:INDU TRANsports.. nATH .. ...

That’s a big deal boss, thanks
That was the last stronghold of The Dow Theorists
They must be pulling their hair out right about now

Technology has been a weak sector the last 6 trading days....