Back to www.cobrasmarketview.com

03/20/2018 Live Update

Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 03/20/2018 Live Update

Post by Trades with cats »

http://quantifiableedges.com/fed-day-pe ... ironments/

Spoiler alert dovish or hawkish doesn't matter. :D
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/20/2018 Live Update

Post by Al_Dente »

a bull viewpoint:
“Four Charts That Show the Tech-Stock Tumble May Not Last Long”
“Facebook has been under scrutiny for months, and investors got used to that…If we see Netflix rolling over or Amazon rolling over, that would be a much bigger deal.” [an analyst]
https://www.bloomberg.com//news/article ... -last-long
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/20/2018 Live Update

Post by Al_Dente »

INDICES YTD %
Yesterday $INDU (lime) fell back into the red for the year
320ytd.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/20/2018 Live Update

Post by Al_Dente »

TWTR down -9.4%
daily
320twtr.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/20/2018 Live Update

Post by Al_Dente »

TWTR isn't even in the QQQ-100
[shocking, could that be right ???]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/20/2018 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/20/2018 Live Update

Post by Al_Dente »

SNAP already had problems (Rihanna)
down -4.1% today
daily
320snap.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 03/20/2018 Live Update

Post by Trades with cats »

If it was 'just' Facebook the hot money would be moving into the other internet advertising delivery systems. But that chart of twitter says the hot money knows the wild west days are over.

Last September there was an op ed on a site I don't follow that mostly does Hollywood gossip stuff. It got picked up on my Twitter feed. His contention was that the internet advertising delivery companies were about to face the heavy hand of Washington demanding serious control and tribute thus dramatically changing where their cash flow would be going. We were traveling so I was watching CNBC in the morning one day and there he was getting grilled by the morning show crew who were pretty much telling him he was wrong. That was when I knew for sure it would all come to pass in the fullness of time because if there is one sure thing in the markets it is fade the financial news networks opinions. :D

Last night on the news I watched a Senator ask the question why shouldn't Facebook have to play by the same rules as the TV station in Beaver Falls? She then went on to say that in the past they had said we are self regulating but that hasn't worked out so well. This is the end of re-selling peoples info without buying a licence from congress the way the medical establishment, the banks and Wall Street all have to. Or as they say elsewhere give us a taste of the action.

Who was it who said the first major holder to get out is a good trader, everyone else is just panicking?
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 03/20/2018 Live Update

Post by fehro »

/ES 2705 ish … SPX 2700 20w SMA very KEY… H&S for uber bears :roll:
Attachments
Screen Shot 2018-03-20 at 9.54.02 AM.png
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 03/20/2018 Live Update

Post by fehro »

fehro wrote:/ES 2705 ish … SPX 2700 20w SMA very KEY… H&S for uber bears :roll:
Attachments
Screen Shot 2018-03-20 at 9.58.34 AM.png
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/20/2018 Live Update

Post by Al_Dente »

IWM retraced 50% of its recent run up.
That’s a nice pullback.
I’d still like it to keep going down to test nearer to the gray up-trend line, but it’s forming a bit of a megaphone, a “Descending Broadening Wedge,” where odds favor an upside breakout.
But "There ain't no breakout until there's a breakout." [Al Brooks]
60min
320iwm 60.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/20/2018 Live Update

Post by Al_Dente »

Investors are quite pizzzed at the silence of Zukerberg and Sandberg
But SOMEBODY from FB may brief the Hill “as early as Wednesday”
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/20/2018 Live Update

Post by Al_Dente »

So, to recap what we have to worry about:
Today, Saudi Prince at WH, everything’s fine …. no prob
Wednesday FOMC
Wednesday or sometime, FB yapping on the Hill
Friday China tariffs [per trump tweet 3/19]
etc.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/20/2018 Live Update

Post by Cobra »

maybe it's double bottom.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 03/20/2018 Live Update

Post by Daniel »

IWM grn
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/20/2018 Live Update

Post by Al_Dente »

HAPPY HOUR
el shark.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/20/2018 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/20/2018 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/20/2018 Live Update

Post by Cobra »

well, guess that's it for today. FOMC tomorrow has been up 5 of the last 6. 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
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Post Reply