10/23/2018 Live Update

[Al_Dente]

AD on the NY, 5min
Selling is 6x buying
Curiously, the selling volume on the nas is weak ........

UPDATE: selling volume on the nas increases
selling volume is 2.3x buying volume

[Trades with cats]

Just for giggles and grins I put Coolbizones trend lines on this last night and then tightened up his low after we started bouncing.

[Daniel]

Change of pace today to see the homebuilders near the top of a RS list. Just under Utes and RE... KRE also doing better than many, unlike recent sessions.

[Al_Dente]

Be very afraid of Problem Child 10-yr yield TNX:
Ooops, no, sorry, surprise, TNX reverses down (-2.38% today), with spike up in TLT
“They” are buying treasurys today; they are NOT buying junk HYG

[Daniel]

down from here then it's downtrend day. rebound to test ema20, and then down, it could still be downtrend day.

Firmly rejected at the 5min ema20 on both SPY and QQQ (so far). Leaves open the possibility of a downtrender...

[Trades with cats]

Treasures, the 10 year, Hedge Funds have had a massive short for months. They are taking profits out of oil according to John Kemp at Reuters, makes me wonder if they are doing the same on Treasuries. If yes then they are accumulating cash which could help fuel a rally into year end when this bounces.

[Daniel]

Be very afraid of Problem Child 10-yr yield TNX

The fear of rising yields, in the mortgage and longbond zones, is seen more in the weekly chart timeframe. It's a kind of "macro dread"; unlike say, a fear of Kim Jong Un which can arise suddenly.

Also, it affects the Fed Model of the intrinsic worth of a dollar of stock dividends.

[Trades with cats]

IF I have that channel correctly drawn it should be up up and away once those depressing European exchanges close.

[Daniel]

Both SPY and QQQ firmly rejected at the 5min ema20 (so far). Leaves open the possibility of a downtrender...

..update: now more open to question, both have held above for a couple of bars.

[Trades with cats]

ES VWAP sitting at overnight low where price is bouncing up and down.

[brokebybernacke2]

higher low on financials, keep eye on it..

[Daniel]

Both SPY and QQQ firmly rejected at the 5min ema20 (so far). Leaves open the possibility of a downtrender...

..update: now more open to question, both have held above for a couple of bars.

Resolution seems more likely to be downward.. Slope of the EMA is now again downward; IWM barely holding onto the 150 level..

[Daniel]

higher low on financials, keep eye on it..

KRE has given up all its gains. Now red.

[brokebybernacke2]

higher low on financials, keep eye on it..

gotta hold here fins, precarious...

[Trades with cats]

That last move had the appearance of a buy program to me. Maybe I am just seeing things but the start and stop points were very convenient.

[Cobra]

members only update at 12:17 pm
http://www.cobrasmarketview.com/2018/10 ... ay-update/

[Al_Dente]

potential double bottom QQQ
15 min

[Cobra]

possible mm.

[Trades with cats]

I have highlighted the i standard deviation levels on either side of today's POC (Globex session so includes Asian sell off). Adding this to my list of Voodoo pivot points.

[brokebybernacke2]

potential double bottom QQQ
15 min

1023doub bot q.png.png

looking like chances we shall rise at least to the big fruit day!