02/14/2018 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.

=============================================================================================================================================================================

testing support, wait to see if bulls are willing to defend here.

[fehro]

INDex dailies. will not be pretty today.. at these levels… /ES 30m fwiw

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/02 ... ay-update/

[JFR]

Opening gap down on YM, ES and NQ. I like it. I want the market to get rid of any overpricing. I think there is more needed, whether or not it goes there.

[JFR]

SPY weekly. Two years.

Back later ...

[Trades with cats]

Oh man that was something. I got up early just like a payroll day and it was terrifying. 45 points in 3 minutes.
Fehro's 30 minute chart has the big volume bar pointing out 2643 ES is the midpoint of this entire sell-off so we are still in the top half of the range.

Real question is what are the longer time frame crowd going to do now that they know the Fed will not be backing off anytime soon. I am guessing they will be having strategy sessions first thing this morning and then the new plan will start moving the markets, if they decide to start rebalancing.

[JFR]

NQ fills the overnight gap to the mark.

[Trades with cats]

ES 2654 to 2658 was the low volume node we vacuumed up through yesterday. ES 2662 is the thickest part of yesterday afternoon's volume. If it breaks through there then maybe we get that 100% retrace back to the news release.

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2018/02 ... ay-update/

[Cobra]

it's morning hourly hollow red.

[Trades with cats]

ES 2672.75 or so is the scene of the crime this morning. Getting really close.

[fehro]

ding ding NDX @ 50d SMA.. buckle up

[Trades with cats]

Sorry about how unreadable this chart is with all the overnight on it. My point is the overnight volume profile on the left side, especially the low volume areas, have done a good job of showing support and resistance this morning.
ES 2677.50 is the high to take out.

[fehro]

INDex dailies. will not be pretty today.. at these levels… /ES 30m fwiw

buckle up.. careful here.. /ES at resistance again NDX /COMPQ /QQQs at 50d..

[fehro]

INDex dailies. will not be pretty today.. at these levels… /ES 30m fwiw

buckle up.. careful here.. /ES at resistance again NDX /COMPQ /QQQs at 50d..

be so careful.. this "feels" like a giant sucker, FOMO rally… looking for possible nLODs in Indexes, oil, gold.. all way to violent up…. possible gravestones dailies across the board.. profit taking before this long weekend

[Daniel]

NDX /COMPQ /QQQs at 50d..

There's a confluence of two widely-watched daily MAs... the 50day and the 10day ema. Per Stockcharts, that level for QQQ is exactly 160.65, at this moment.

[tim-follows]

nice to see russel play a bit of catchuo,

52 handle later today seems nutty

next few days in seasonal trading days of month are neutral to negative, historically fyi

[fehro]

INDex dailies. will not be pretty today.. at these levels… /ES 30m fwiw

buckle up.. careful here.. /ES at resistance again NDX /COMPQ /QQQs at 50d..

be so careful.. this "feels" like a giant sucker, FOMO rally… looking for possible nLODs in Indexes, oil, gold.. all way to violent up…. possible gravestones dailies across the board.. profit taking before this long weekend

umm… Puut/Call 2.00ish

[JFR]

More good news for Main Street is more bad news for Wall Street.

U.S. inflation came in at 2.1% in January compared with a year earlier, another sign that wages are rising for workers. The rise in consumer prices was higher than economists expected.

In the big picture, it's a welcome sign that reflects the health of the economy. Wages and prices have been stagnant for years following the Great Recession, even as unemployment has fallen and millions of jobs have been created added.

Powered by SmartAsset.com

SMARTASSET.COM
But for investors, faster inflation makes it more likely that the Federal Reserve will raise interest rates more quickly this year.

http://money.cnn.com/2018/02/14/news/ec ... index.html

[Al_Dente]

TNX 10 yr yield 2.9% today
Consensus is higher rates, crowded trade, so contrarians are watching and waiting for their turn