01/23/2018 Live Update

[fehro]

NDX wants that 7000 level.. so close.. yet so far from 20d SMA

[Al_Dente]

QQQ
HOD, ATH
because NFLX eps last night

[Trades with cats]

When I was in night school getting my MBA we had an Economics Prof who was a card carrying libertarian. Bunch of centrally managed economies colliding over which industries should be subsidized.

[Trades with cats]

Updated my Renko chart. Opening Range is set for 60 minutes. Cyan line is today's median price while red/blue is VWAP. I added a swing function that identifies moves.
This morning the price distribution (off to the left) is pretty much a gaussian bell curve so no clear direction yet. But over 90% odds that opening range will be exceeded, one way or the other!

[fehro]

Put/Call 0.50 Equites even lower.. 0.40ish nears extreme.. minor divg with Adv/Dec

[te_fern]

SPX new high. PL says sustained trade over 2840 leads to 49-53...

[Al_Dente]

LOOK at these one minute spikes today in VIX

[te_fern]

Got to get through that resistance pivot....

[fehro]

"While cash levels are up slightly sequentially to approximately $150 billion, cash as a percentage of total client assets remained at historic lows at 12.7%, down slightly from last quarter due to the growth in the value of investments and as a result of strong net buying from our retail clients..."


"...in both of our[retail and institutional] businesses, we're seeing historically low levels of cash to assets under management.

https://www.zerohedge.com/news/2018-01- ... levels-low

[Cobra]

maybe a pullback here first which likely would be bought.

[te_fern]

Double bottom held and we now have a new high in the levered smalls...

[te_fern]

Hopefully we're just back testing the breakout....

[Cobra]

bull flag, bias is up.

[te_fern]

Closed out on the drop back through support...

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2018/01 ... ay-update/

[Al_Dente]

Closed out on the drop back through support...

congrats bossman
so what if it tries again .....don’t look back; u followed yr rules
u got lunch and u got balls
ps: thanks for posting yr trades

[te_fern]

Closed out on the drop back through support...

congrats bossman
so what if it tries again .....don’t look back; u followed yr rules
u got lunch and u got balls
ps: thanks for posting yr trades

Thanks for the advice, some days are better than others, but as you say, got lunch today!

[te_fern]

The Bios keep on going!! Should have bought this instead of the smalls on the pullback. Not always good to think 'its run too fall and won't go higher!!

[Trades with cats]

Hate to sound old but it is what it is. Learned there is no such thing as too high chasing tech leading up to the big crash. The moves were unreal. None of the old rules applied and money losing concept stocks were going hyperbolic. In hindsight the signal was when the idea companies used their stock to buy bricks and mortar. AOL buying Time magazine. But you couldn't use that to time the market.

[Trades with cats]

Must be some positive news to trigger this move. Small Caps and the ES both took off but Smalls have given up while the ES still climbing. Tech sticking with the ES.