Cobra's Market View

Zerohedge "ICE DOLLAR INDEX RISES TO 2-YEAR HIGH AS GREENBACK EXTENDS GAIN

this is called Policy Error"

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I assume my thinking is too simplistic - first reaction to the rate cut - Stock markets seems to somewhat like it, somewhat because it was expected.
Not clear why the USD also trades higher
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Cobra wrote:must be a good news.

trump-ok-war-against-iran-now <<< Bullish


https://www.zerohedge.com/news/2019-07- ... t-iran-now

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BullBear52x wrote:The next meaningful support is 20ish, hard to believe but that's where it is pointing if we got new LOD.

Nice !!

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Bulls just turn the table on the morning bears, the most bears can hope for today is now at 61.8%. be right back. tight stop on my sell this time. I didn't see the buy coming today, Oy.... Could be a bull flag too as per Bulkowski with target Yesterday high - just don't like that it's going sideway...

By Friday SPY has to drop about 6 points, ~ 2%, to fulfill the Max Pain concept.
Seems far away right now but the new era news cycle has created erratic reactions.

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TOS has this feature "Trade Flash" (Idk how accurate it is) - in any case it displays in real time Large trades, for example 13:59 Buy 500K QQQ at 170.97
Not sure yet how useful that information could be in one's trading approach or if it is a distraction..
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brokebybernacke2 wrote:

BullBear52x wrote:41ish a target

61ish for a better pullback

that would mean to fill the Dec 4 singles (~2732 to 62) - still today?
ADR for the last 10 days is 25 points, but who knows..we are already at 2748

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Trades with cats wrote:How do you get real time data for free? Isn't it offered as end of day data and trade simulation which is not real time streaming?

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I am not sure. It is what they advertise. I have not tried it. I started with the rental program.[/quote]

Thx

I am headed down to LA on Thursday for a long weekend babysitting then 12 days in Costa Rica. If you have the space on your hard drive you can download Ninja Trader 8 with real time data for free with the trading functions disabled. I am now using the factory Order Flow Volume Profile. :) How do yo...

Market Profile suggests ES falls to other side of Point of control (at around 2466 right now) towards 2432 which would also fill the singles gap from Dec 27
But then there could be another glitch or forex flash event..

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. A New Day This is the beginning of a new day. I have been given this day to use as I will. I can waste it, or use it. 
I can make it a day long to be remembered for its joy, 
its beauty and its achievements,
 or it can be filled with pettiness. What I do today is important because I am exchanging...

So much money to be made in just 7 minutes.. 30 points on ES :D . That's why I wish I had the balls to try the futures, cash just doesn't pay off as well. Can't lose as much quick either though! :D I had the balls yesterday, hit my stops so fast I stared at the screen in disbelief :shock: Today wit...

So much money to be made in just 7 minutes.. 30 points on ES

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JNJ is fresh news Over the weekend folks will look at their portfolios with chagrin, and say WTF that JNJ was supposed to me my safe, stable, boring Blue Chip staple They will not like what they see 1214jnj day.png.png Some say some knew ahead of time - probably correct. "@HFTAlert SOMEONE ALW...

Smart Money ... or liberal arts majors

"An estimated 174 hedge funds were liquidated in the third quarter globally"

https://www.bloomberg.com/news/articles ... s-jplw0j14

Shaishen wrote:Take some off again - don't trust these 30 second rips

I assume those a algos fighting with each other? A pain to be on the wrong side of those rips, easy $200 per contract vaporized.
I guess that's the idea..

Take some off again - don't trust these 30 second rips

Back again to Yclose/dayVwap/ today PoC - another attempt to go down to 2635 ?

The Elliot Wave point of view from Coolbiz, who has once again changed from bull to bear as of Tuesday. Saying the market is a simple pennant formation and he is looking for a major breakdown. This was an hour ago "SPX at 2646, below the pennant, needs to take 2621.30 Tuesday's low and after 2...