Back to www.cobrasmarketview.com

   

02/08/2018 Live Update

Re: 02/08/2018 Live Update

Postby Cobra » Thu Feb 08, 2018 1:04 pm


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: 38739
Joined: Sat Feb 12, 2011 10:29 pm

Re: 02/08/2018 Live Update

Postby Al_Dente » Thu Feb 08, 2018 1:05 pm

and then there's TWTR
at least earnings still matter
User avatar
Al_Dente
 
Posts: 19364
Joined: Thu Jul 21, 2011 2:29 pm

Re: 02/08/2018 Live Update

Postby Cobra » Thu Feb 08, 2018 1:06 pm

1st test of ema20 in a long time should be some sellers around.
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: 38739
Joined: Sat Feb 12, 2011 10:29 pm

Re: 02/08/2018 Live Update

Postby Al_Dente » Thu Feb 08, 2018 1:09 pm

"According to several forms filed with the SEC, Dorsey purchased just over 1 million shares of Twitter stock between $15.87 and $16.82 between February and April of last year. That's the executive's way of saying they believe in the company's future.
Well, those purchases have effectively doubled based on Thursday's [today's] action."
[thestreet.com]
User avatar
Al_Dente
 
Posts: 19364
Joined: Thu Jul 21, 2011 2:29 pm

Re: 02/08/2018 Live Update

Postby Trades with cats » Thu Feb 08, 2018 1:25 pm

Coolbizone was in at around those prices. He put up his wave count chart on twitter today, calls it a long term hold.
Trades with cats
 
Posts: 4526
Joined: Sat Oct 11, 2014 4:40 pm

Re: 02/08/2018 Live Update

Postby Al_Dente » Thu Feb 08, 2018 1:25 pm

Bloomberg, arguably the best financial news:
“What you see is what you get”
Oy
Who has a better audio feed?
Link please
thanks
User avatar
Al_Dente
 
Posts: 19364
Joined: Thu Jul 21, 2011 2:29 pm

Re: 02/08/2018 Live Update

Postby Cobra » Thu Feb 08, 2018 1:31 pm

maybe a rebound here first then we'll see.
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: 38739
Joined: Sat Feb 12, 2011 10:29 pm

Re: 02/08/2018 Live Update

Postby brokebybernacke2 » Thu Feb 08, 2018 1:40 pm

its not pretty unless you are a bear looking for dandruff, could get us new low
Attachments
big.gif
brokebybernacke2
 
Posts: 989
Joined: Wed Sep 21, 2011 10:10 am

Re: 02/08/2018 Live Update

Postby Trades with cats » Thu Feb 08, 2018 1:45 pm

Turning right at the 50% retrace of the last drop.
Trades with cats
 
Posts: 4526
Joined: Sat Oct 11, 2014 4:40 pm

Re: 02/08/2018 Live Update

Postby Al_Dente » Thu Feb 08, 2018 1:49 pm

Dudley says March rate hike, yes
He votes; all the other knuckleheads who don’t vote are just noise
User avatar
Al_Dente
 
Posts: 19364
Joined: Thu Jul 21, 2011 2:29 pm

Re: 02/08/2018 Live Update

Postby Trades with cats » Thu Feb 08, 2018 1:50 pm

50% was a coincidence. It is clearly Feds Dudley tanking the market. If I was a Trump supporter I would be very suspicious of this 180 degree reversal on fed speak during sell offs.
Personally I think it is Nietzsche conditioning of the market by the Fed. Feed us a little poison so that we can survive the huge dose coming later as they unwind the balance sheet. :twisted:
Trades with cats
 
Posts: 4526
Joined: Sat Oct 11, 2014 4:40 pm

Re: 02/08/2018 Live Update

Postby Trades with cats » Thu Feb 08, 2018 1:53 pm

This is getting the look of risk parity unwind, for want of a better term. Wave after wave of selling with big bounces (always through my stops) in between.
Trades with cats
 
Posts: 4526
Joined: Sat Oct 11, 2014 4:40 pm

Re: 02/08/2018 Live Update

Postby Shaishen » Thu Feb 08, 2018 1:56 pm

Self doubt again..
H&S on ES 60 min just perfect with the classic lower right shoulder...
So simple..but not easy

.
Shaishen
 
Posts: 185
Joined: Tue Jul 01, 2014 3:57 pm

Re: 02/08/2018 Live Update

Postby Al_Dente » Thu Feb 08, 2018 1:58 pm

debt service costs are projected to double as a share of GDP (Dudley) :o
eg: interest rates on the new bonds we'll have to float to pay for our massive debt, deficits
Recall the tax cut bill added $1.5 trillion debt.
User avatar
Al_Dente
 
Posts: 19364
Joined: Thu Jul 21, 2011 2:29 pm

Re: 02/08/2018 Live Update

Postby Trades with cats » Thu Feb 08, 2018 2:00 pm

Two drops in a row of about the same size. Let's see if the bounce matches as well. :P
Trades with cats
 
Posts: 4526
Joined: Sat Oct 11, 2014 4:40 pm

Re: 02/08/2018 Live Update

Postby Al_Dente » Thu Feb 08, 2018 2:01 pm

Al_Dente wrote:The AD at 10 ET, a bit early, but bear bias at that moment
NY advancing stocks = 0.49 x declining stocks
NY advancing volume = 0.51 x declining volume
NY declining stocks = 2.0 x advancing stocks (now 3.0x)
NY declining volume = 1.9 x advancing volume (now 3.3x)

NY declining stocks = 5.1 x advancing stocks
NY declining volume = 5.0 x advancing volume
User avatar
Al_Dente
 
Posts: 19364
Joined: Thu Jul 21, 2011 2:29 pm

Re: 02/08/2018 Live Update

Postby Trades with cats » Thu Feb 08, 2018 2:05 pm

Well all the big name quants were saying expect several days of unwind by the funds and then repositioning by the pension funds.
Trades with cats
 
Posts: 4526
Joined: Sat Oct 11, 2014 4:40 pm

Re: 02/08/2018 Live Update

Postby Cobra » Thu Feb 08, 2018 2:06 pm

could be another rebound attempt here then we'll see. bulls need exceed the mini target before any hopes.
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: 38739
Joined: Sat Feb 12, 2011 10:29 pm

Re: 02/08/2018 Live Update

Postby Junior Buffett » Thu Feb 08, 2018 2:10 pm

brokebybernacke2 wrote:its not pretty unless you are a bear looking for dandruff, could get us new low


That was brilliant forecast! kudos to you!
User avatar
Junior Buffett
 
Posts: 1030
Joined: Mon Apr 15, 2013 4:39 pm

Postby MrMiyagi » Thu Feb 08, 2018 2:11 pm

Cobra wrote:could be another rebound attempt here then we'll see. bulls need exceed the mini target before any hopes.


Funny how Trump stopped tweeting about being the best president ever for stock markets...
User avatar
MrMiyagi
 
Posts: 9943
Joined: Sun Oct 16, 2011 12:48 pm

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: Bing [Bot] and 9 guests