01/16/2018 Live Update

[Cobra]

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consolidation, bias is up.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/01 ... ay-update/

[fehro]

careful here.. VIX and bonds hot .VIX at 200d SMA >20d/50d - VIX expiration tomorrow, OEW this week

[te_fern]

Interesting that it looks like the TICKs are just taking off....

[te_fern]

Even VIX is higher this morning...

[fehro]

careful here.. VIX and bonds hot .VIX at 200d SMA >20d/50d - VIX expiration tomorrow, OEW this week

TRANsports not happy

[Cobra]

very strong open, could be uptrend day.

[brokebybernacke2]

insanity , got another sell signal , fwiw, last few have failed miserably..feels like 1999. and that lasted quite some time..

[Trades with cats]

Overnight levitation included small caps, but they are flat since the US open.

[te_fern]

careful here.. VIX and bonds hot .VIX at 200d SMA >20d/50d - VIX expiration tomorrow, OEW this week

Trying to sit on my hands until we get some type of pullback. Though Cobra called for an (could be) uptrend day. Maybe some of these opening gaps will be closed and it will give us a chance to get it.

[te_fern]

Levered smalls are looking like they may pull back....

[brokebybernacke2]

careful here.. VIX and bonds hot .VIX at 200d SMA >20d/50d - VIX expiration tomorrow, OEW this week

vix gapped the 50 and now want 200ma break? indices pullback due and could be good one, im swingin again short 2 week time frame, if shutdown chatter is bullish, fool me infinity.....

[te_fern]

Nope, just a pause before they woke up again...

[Cobra]

members only update at 10:03 am
http://www.cobrasmarketview.com/2018/01 ... ay-update/

[te_fern]

I do agree with Brokeby, the govt shut down talk should start having an impact....

[Trades with cats]

Hello VWAP my old friend.

[Cobra]

only 13 cases since 1996 SPY up 10+ hours in a row. Not all cases shown here.

[Cobra]

the pullback will be bought.

[Trades with cats]

Back down to the overnight high from 6 am Eastern Time.
So far a GAP and go in uncharted waters, then a pullback to the 50% retrace of the days action (and VWAP), a little failed bounce and now slowly testing lower looking for buyers. I am not very positive this morning because the up move from the open was a struggle with several Dojis, not the succession of strong bars we saw with prior two weeks impulsive moves. Renko chart does have a 6 point run from VWAP, but that could be it. For now this looks like it has run out of buyers.

[Al_Dente]

dow stock MRK up big on cancer news
https://finance.yahoo.com/news/mercks-k ... 03683.html