Back to www.cobrasmarketview.com

   

03/05/2018 Live Update

Re: 03/05/2018 Live Update

Postby Daniel » Mon Mar 05, 2018 1:03 pm

K447 wrote:What time duration from market open do you use to define the 'opening range'?


The three which are commonly used, and for which database info stretches back at least ten years in most software applications, are the OR-15, OR-30, and OR-60. (Open to the 15min, 30min, or 60min mark.)

Some people use the first 2min bar or 5min bar as an OR on an individual stock, watching which way price breaks that first 'range' to quickly measure market sentiment on it when the stock has a huge news-driven or earnings-related gap.

:)
Daniel
 
Posts: 2820
Joined: Fri Feb 10, 2012 4:27 pm

Re: 03/05/2018 Live Update

Postby Daniel » Mon Mar 05, 2018 1:08 pm

Daniel wrote:
champix wrote:2702/2703 is resistance

SPY running into resistance, in the 15min timeframe, at the (downslope) 200ema. (271.25)

.. and now well above, fresh HOD ca 271.65
Daniel
 
Posts: 2820
Joined: Fri Feb 10, 2012 4:27 pm

Re: 03/05/2018 Live Update

Postby Al_Dente » Mon Mar 05, 2018 1:11 pm

"February may set a record for U.S. stock outflows amid volatility resurgence"
https://screener.fidelity.com/ftgw/etf/ ... _SVC000204
User avatar
Al_Dente
 
Posts: 20639
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/05/2018 Live Update

Postby K447 » Mon Mar 05, 2018 1:13 pm

Daniel wrote:
K447 wrote:What time duration from market open do you use to define the 'opening range'?


The three which are commonly used, and for which database info stretches back at least ten years in most software applications, are the OR-15, OR-30, and OR-60. (Open to the 15min, 30min, or 60min mark.)

Some people use the first 2min bar or 5min bar as an OR on an individual stock, watching which way price breaks that first 'range' to quickly measure market sentiment on it when the stock has a huge news-driven or earnings-related gap.

:)

Thanks for the clarification.

I asked as this was posted this 3 minutes after 10:30

Trades with cats wrote:Three minutes to go for setting the opening range ...


I also utilize first 60 minutes for opening range of the day. And every sixty minute block after that, from :30 past the hour to :30 past the next hour. For me, the hourly bars end at the bottom of each hour.

Six of them in the day, plus a final 'close out the day' 30 minute bar.

Market opens on the bottom of the hour, then Europe closes at bottom of the second hour (11:30 eastern).
Last edited by K447 on Mon Mar 05, 2018 1:26 pm, edited 2 times in total.
K447
 
Posts: 526
Joined: Fri Aug 26, 2011 10:43 am

Re: 03/05/2018 Live Update

Postby Al_Dente » Mon Mar 05, 2018 1:14 pm

WARNING, POLITICS:
A good roundup of thoughts on the Trade Wars, and how they may impact the markets.
“Analysts Can Think Of Worse Things Than A Trade War – Like Say, ‘An Asteroid Hitting The Earth”
https://heisenbergreport.com/2018/03/03 ... the-earth/
User avatar
Al_Dente
 
Posts: 20639
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/05/2018 Live Update

Postby fehro » Mon Mar 05, 2018 1:19 pm

nibble short here 2712 SPX based on oil rally, 60m ES bear flag, /CL stalls at 50d… and dollar pushing :roll: … if not that 50d SPX will get tagged.. but 20d needs to hold on a pullback
Attachments
Screen Shot 2018-03-05 at 9.17.17 AM.png
fehro
 
Posts: 22868
Joined: Fri Sep 02, 2011 2:06 pm

Re: 03/05/2018 Live Update

Postby Trades with cats » Mon Mar 05, 2018 1:23 pm

Sorry, I missed the question on OR which Daniel answered very accurately. I personally am sticking with tradition as my trading motto is "Our success comes from our lack of innovation" so 60 minutes.

I am a slow typist so I often am a bit late when trying to be timely.

Everybody uses opening range, but to me it doesn't have the magic powers of Pivot Points, the Mid or VWAP. I have it because it is part of a bundle from Fat Tails that includes overnight high and low as well as yesterday's markers.
Trades with cats
 
Posts: 6088
Joined: Sat Oct 11, 2014 4:40 pm

Re: 03/05/2018 Live Update

Postby Al_Dente » Mon Mar 05, 2018 2:00 pm

Big Tech, year-to-date % performance, with spy in purple for comparison

35tech ytd.png.png
User avatar
Al_Dente
 
Posts: 20639
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/05/2018 Live Update

Postby Cobra » Mon Mar 05, 2018 2:06 pm

this bull shall still have legs.
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: 40753
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/05/2018 Live Update

Postby Daniel » Mon Mar 05, 2018 2:09 pm

K447 wrote:What time duration from market open do you use to define the 'opening range'?
/ ... /
Thanks for the clarification.

As Al Dente would say: :D :D :D
Daniel
 
Posts: 2820
Joined: Fri Feb 10, 2012 4:27 pm

Re: 03/05/2018 Live Update

Postby Al_Dente » Mon Mar 05, 2018 2:15 pm

Daniel wrote:
K447 wrote:What time duration from market open do you use to define the 'opening range'?
/ ... /
Thanks for the clarification.

As Al Dente would say: :D :D :D

:D :D :D
User avatar
Al_Dente
 
Posts: 20639
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/05/2018 Live Update

Postby Al_Dente » Mon Mar 05, 2018 2:20 pm

YEAR-TO-DATE % aggressives (solid) and defensives (dash)
35ytd agg def.png.png
User avatar
Al_Dente
 
Posts: 20639
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/05/2018 Live Update

Postby brokebybernacke2 » Mon Mar 05, 2018 2:22 pm

fehro wrote:
champix wrote:GM,
On a daily basis I will bet on the long side, if the S&P500 manages to stay in its black channel.


fwiw… yeah I know it's ZH :roll: .. but those charts are a tad similar…

https://www.zerohedge.com/news/2018-03-05/us-stock-market-conspicuous-similarities-1929-1987-and-japan-1990?[/quote

conspicuous! interesting on timing, thanks for sharing - will see if she can retake that 50ma..if we don't, could see that 200ma fairly quick..market in guessers land for now..
Attachments
sc.png
brokebybernacke2
 
Posts: 1199
Joined: Wed Sep 21, 2011 10:10 am

Re: 03/05/2018 Live Update

Postby champix » Mon Mar 05, 2018 2:27 pm

Unstopable ?
Attachments
ES-intraday 5 min.PNG
User avatar
champix
 
Posts: 551
Joined: Thu Apr 14, 2011 9:13 am
Location: PARIS

Re: 03/05/2018 Live Update

Postby Al_Dente » Mon Mar 05, 2018 2:30 pm

Smalls, 15 min
“V” formation, target is a test of the 27 Feb high
http://thepatternsite.com/vtopbot.html

35tna 73.png.png
User avatar
Al_Dente
 
Posts: 20639
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/05/2018 Live Update

Postby Shaishen » Mon Mar 05, 2018 2:43 pm

champix wrote:Unstopable ?



trade war effect :shock:

Maybe some market participants read the trade war as NAFTA confined not the whole world?

.
Shaishen
 
Posts: 196
Joined: Tue Jul 01, 2014 3:57 pm

Re: 03/05/2018 Live Update

Postby fehro » Mon Mar 05, 2018 2:45 pm

champix wrote:Unstopable ?


over this then maybe :roll: :)
Attachments
Screen Shot 2018-03-05 at 10.44.06 AM.png
fehro
 
Posts: 22868
Joined: Fri Sep 02, 2011 2:06 pm

Re: 03/05/2018 Live Update

Postby Shaishen » Mon Mar 05, 2018 2:49 pm

Daniel wrote:
K447 wrote:What time duration from market open do you use to define the 'opening range'?


The three which are commonly used, and for which database info stretches back at least ten years in most software applications, are the OR-15, OR-30, and OR-60. (Open to the 15min, 30min, or 60min mark.)

:)


@AnthonyCrudele uses the closing of the first hour bar as a key ingredient for his trading strategy. Keep in mind he swings and daytrades serious size.

.
Shaishen
 
Posts: 196
Joined: Tue Jul 01, 2014 3:57 pm

Re: 03/05/2018 Live Update

Postby Cobra » Mon Mar 05, 2018 2:50 pm

the pullback might be bought around here.
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: 40753
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/05/2018 Live Update

Postby Trades with cats » Mon Mar 05, 2018 2:56 pm

Well, we are at the 50% retrace of the drop from Tuesday and this thing is out of steam. Looking to see if that ES 2708 pullback low holds or if we fade away this afternoon back to VWAP /Mid somewhere around 2700. I saw that Friday's high had acted as support on the way up so yet another reason for ES 2700 to 2696 area to be support.

Last year a 15 point drop in the afternoon would have been a big deal, but not this year. It is that darn recency bias hard wired into our brains and programmed by the Fed!
Trades with cats
 
Posts: 6088
Joined: Sat Oct 11, 2014 4:40 pm

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: Google Feedfetcher and 6 guests

cron