01/23/2018 Live Update

[Cobra]

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the pullback will be bought.

[te_fern]

TICKs still above their moving average lines....

[te_fern]

Bio's still going straight up!!

[JFR]

Some leaders. SPY doing well.

[Trades with cats]

The overnight view. Drop coincided with the release of an economic report.

[Trades with cats]

Morad had interesting comments this morning about how unusual yesterday's trading was. If you have some time look at today's trader bite (futurestrader71) and fast forward to about 15 minutes into the session where he replays the day with Bookmap software. His point was to show us that each of yesterday's higher volume nodes there was serious selling . His opinion (and I do think anybody that day trades 40 plus contracts on the ES for years is worth listening to) is very similar to Cobra's but instead of statistics he reaches it by looking at the market auction.

[brokebybernacke2]

No short term trading needed at all - just buy. buy. buy. only time i recall this "feel " was 1999-2000 throw a dart at anything nasdaqy and up she went...this time its all indices. wasnt comfortable then, not comfortable now, too easy! bear move back then was very fast. history rhyme? wish i knew the timing..

[fehro]

big spikes in VIXes, TLT >200d SMA green too .. have seat belts.. near by

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2018/01 ... ay-update/

[te_fern]

Smalls pulling back...

[Trades with cats]

Smalls at overnight low yesterday VWAP so would be a good place for a double bottom, if it fails won't be good.

[fehro]

BTC cracks $10k last night. . white line critical support /recent lows 9250-9000… that goes with conviction.. look to 7475. then 5500.. should there be no bounce

[Trades with cats]

Small Cap Futures overnight view.

[Al_Dente]

TAN is weighted 10% in FSLR
problem is that it is also heavy in international solar stocks that I can't get quotes on, and will probably be subject to tarriffs
so better just to use FSLR (?)

[Al_Dente]

note WHR

[Trades with cats]

Tweet of the day from DavosDeville
"Though bitcoin is highly speculative, I'm excited by the value potential in the underlying blockchain technology" is a useful thing to say whenever you don't know what you're talking about.

[te_fern]

Gold Miners fell out the bottom of Pasta Boss' box and has now worked its way back in....

[Trades with cats]

Small caps at the low for the second time this session, third time since yesterday's close. I 'know' what will happen if I short, ES will get back above yesterday's high and I will be watching my stop loss limit my loss.

[te_fern]

Can the double bottom on smalls hold???

[Al_Dente]

MORE FROM DAVOS:
A “survey of nearly 1,000 experts from government, business, academia and non-governmental organizations showed 93% expect a worsening of political or economic confrontations between major powers in 2018, including 40% who believe those risks have increased significantly.”

Any correction would be “probably not as bad as 1929, but it could be disruptive” [Nobel Laureate Robert Shiller]

“The most significant political risk is the United States,” [Nobel laureate Joseph Stiglitz]

“Once there is a major breakdown in trade there is a race to the bottom…It’s important the fragile system we now have continues. We shouldn’t underestimate the potential for disruption.” [Dominic Barton, managing director of McKinsey & Co.]. That one was before Trump imposed sliding-scale tariffs on imported solar cells and washing machines last night.