Back to www.cobrasmarketview.com

01/09/2018 Live Update

User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

01/09/2018 Live Update

Post by Cobra »

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.
  • Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.
  • Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.
  • Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.
  • I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.
=============================================================================================================================================================================

Rising wedge, maybe pullback is due soon.
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.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/09/2018 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.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/09/2018 Live Update

Post by Trades with cats »

DB's Jim Reid concludes the overnight wrap
The eyes of the holders of US equities continue to stream tears of joy at the moment, as yesterday marked the 5th up day out of 5 so far this year for the S&P (+2.77% so far). Since 1928 we’ve only seen the first 5 days of the year to be consecutively up 7 times and this is the first occurrence since 2010. When the first 5 days are up, the average price return for the year is +13.44%, with the low of +2.03% and high of 20.09%. Notably, the longest streak was in 1976 and 1987 when the S&P rose for 7 consecutive days at the start of the year.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/09/2018 Live Update

Post by Trades with cats »

Small Caps and Tech (NQ the NASDAQ Futures) are back inside of yesterday's range.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 01/09/2018 Live Update

Post by Daniel »

XLF, XLI hod

SMH EEM lod; QQQ gap fill to lod (right at 15min 20ema)

Sectors very mixed this AM, at the open--may indicate a range-and-rotation type of day.
Last edited by Daniel on Tue Jan 09, 2018 10:44 am, edited 1 time in total.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/09/2018 Live Update

Post by Trades with cats »

Tech dropping steady, now red on the day. I think this makes it Deja Vu from yesterday. When Pasta Boss puts up his sector chart I think it won't look at all like the pre-tax cut version!
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 01/09/2018 Live Update

Post by Daniel »

Major pullback today in GDX, GDXJ... wiping out all of 2018 gains to date.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/09/2018 Live Update

Post by Trades with cats »

IS GDX trouble tied to Yen Dollar upset?
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 01/09/2018 Live Update

Post by JFR »

Overnight gap up on YM, ES and NQ.

NQ filled and then some.
Attachments
2018-01-09_0644.png
Charts posted are not recommendations. They are just a sharing of information.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 01/09/2018 Live Update

Post by Daniel »

Trades with cats wrote:IS GDX trouble tied to Yen Dollar upset?
Whatever the cause, there is suddenly short-term overhead supply in the precious metals. About a week's worth of trapped bulls.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/09/2018 Live Update

Post by Trades with cats »

To me the obvious down trend targets start with 2746.75, yesterday's Point of Control and closing print, then 2743 has yesterday's midpoint as well as the overnight low. But it has to break yesterday's high first!
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/09/2018 Live Update

Post by Trades with cats »

Coolbizone was tweeting about gold this morning, I will post his wave count later if it is fresh.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 01/09/2018 Live Update

Post by fehro »

VIX green pushing up hard… NDX/COMPQ red.. buckle up
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 01/09/2018 Live Update

Post by te_fern »

Semi's have had a major pullback today. It has been one of the leading sectors...
Attachments
SOXL.PNG
This is not investment or trade advice.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 01/09/2018 Live Update

Post by Daniel »

Up/down vol on NYSE is slightly bearish, dead even on Naz. Advancing issues are tepid on both, and well off the daily high.
brokebybernacke2
Posts: 1955
Joined: Wed Sep 21, 2011 10:10 am

Re: 01/09/2018 Live Update

Post by brokebybernacke2 »

Daniel wrote:
Trades with cats wrote:IS GDX trouble tied to Yen Dollar upset?
Whatever the cause, there is suddenly short-term overhead supply in the precious metals. About a week's worth of trapped bulls.
imo, buy the dip setup for possible shutdown next week. nice article how shutdown very short term really good for gold, longer term not very good at all!

https://seekingalpha.com/article/406451 ... ffect-gold
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 01/09/2018 Live Update

Post by te_fern »

SPX bouncing at the blue MA line which has provided some support for the last several days....
Attachments
SPX.PNG
This is not investment or trade advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/09/2018 Live Update

Post by Trades with cats »

No new gold chart. He is talking zig zag. He got stopped out an hour ago on his long and is now buying back at the lower price.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 01/09/2018 Live Update

Post by Trades with cats »

Saying lower price, buckle up we are back down at the low again!
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 01/09/2018 Live Update

Post by te_fern »

TICKs appear to be rolling over some...
Attachments
Tick.PNG
This is not investment or trade advice.
Post Reply