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02/05/2018 Live Update

02/05/2018 Live Update

Postby Cobra » Mon Feb 05, 2018 10:23 am

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double bottom or not, wait and see. I think even it is a double bottom, it might be just a rebound, THE low wasn't in yet.
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Re: 02/05/2018 Live Update

Postby Cobra » Mon Feb 05, 2018 10:27 am


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Re: 02/05/2018 Live Update

Postby Daniel » Mon Feb 05, 2018 10:37 am

IWM opened at a 20+ day low.
SPY, QQQ did not.
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Re: 02/05/2018 Live Update

Postby fehro » Mon Feb 05, 2018 10:38 am

mind those 50d's .. sooo close 2nd gaps down.. not pretty
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Last edited by fehro on Mon Feb 05, 2018 11:02 am, edited 1 time in total.
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Re: 02/05/2018 Live Update

Postby JFR » Mon Feb 05, 2018 10:55 am

Overnight/weekend gap down on DIA, SPY and QQQ.
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Last edited by JFR on Mon Feb 05, 2018 11:19 am, edited 1 time in total.
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Re: 02/05/2018 Live Update

Postby Trades with cats » Mon Feb 05, 2018 10:57 am

Dip buyers did not have buy the open, They did rush in after 1 minute for a 12 point run but it failed before getting to es2750 the critical pivot from last night's 30 point range 4x volume extraordinary market. Sp waiting for a breakout or down. :?
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Re: 02/05/2018 Live Update

Postby Cobra » Mon Feb 05, 2018 11:03 am


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Re: 02/05/2018 Live Update

Postby Daniel » Mon Feb 05, 2018 11:04 am

Multiple sectors hod. XLP lod.

However, RVX and VXN are well off their lows.

Sectors leading the charge since the Open are mainly financials and broker-dealers, also homebuilders.
Last edited by Daniel on Mon Feb 05, 2018 11:07 am, edited 1 time in total.
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Re: 02/05/2018 Live Update

Postby brokebybernacke2 » Mon Feb 05, 2018 11:05 am

Hey, the White House is concerned about the stock market drop - Big D gotchur back!
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Re: 02/05/2018 Live Update

Postby JFR » Mon Feb 05, 2018 11:10 am

QQQ has filled the overnight gap. Having a wild ride today.
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Last edited by JFR on Mon Feb 05, 2018 11:18 am, edited 1 time in total.
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Re: 02/05/2018 Live Update

Postby Daniel » Mon Feb 05, 2018 11:11 am

IWM upcoming clear resistance at the 153.50 area.

If it gets there, I'm watching if it plows thru or is rejected.
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Re: 02/05/2018 Live Update

Postby Trades with cats » Mon Feb 05, 2018 11:12 am

Break out, but does it have any legs. 27562.50 ES first target, then 56 and 60.
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Re: 02/05/2018 Live Update

Postby brokebybernacke2 » Mon Feb 05, 2018 11:13 am

Daniel wrote:Multiple sectors hod. XLP lod.

However, RVX and VXN are well off their lows.

Sectors leading the charge since the Open are mainly financials and broker-dealers, also homebuilders.


apple up nearly 2% , so goes the big fruit, so goes the...
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Re: 02/05/2018 Live Update

Postby Daniel » Mon Feb 05, 2018 11:14 am

Daniel wrote:RVX and VXN are well off their lows.

Still true of RVX, but VXN just hit a fresh low.

SPY perf today is being hurt by the energy component, plus weakness in staples.
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Re: 02/05/2018 Live Update

Postby JFR » Mon Feb 05, 2018 11:16 am

IWM fills its overnight gap.
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Re: 02/05/2018 Live Update

Postby Daniel » Mon Feb 05, 2018 11:18 am

Daniel wrote:IWM upcoming clear resistance at the 153.50 area. If it gets there, I'm watching if it plows thru or is rejected.

IWM is hammering at this level but so far is unable to remain above it.
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Re: 02/05/2018 Live Update

Postby Daniel » Mon Feb 05, 2018 11:20 am

Nice to see 50cent gridline intervals on Cobra's basic 5min SPY chart, rather than the nickels or dimes we saw there for eons and eons.

:)
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Re: 02/05/2018 Live Update

Postby Cobra » Mon Feb 05, 2018 11:21 am

rebound may have legs if not the low was in.
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Re: 02/05/2018 Live Update

Postby Trades with cats » Mon Feb 05, 2018 11:24 am

Tangling at Friday's low and Sunday night opening print. This area was visited at 4:30 ish this morning then market sold off to test the lows for the second time.
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Re: 02/05/2018 Live Update

Postby Daniel » Mon Feb 05, 2018 11:31 am

Daniel wrote:
Daniel wrote:RVX and VXN are well off their lows.

Still true of RVX, but VXN just hit a fresh low.

Now RVX has joined in. Fresh LOD.
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