Back to www.cobrasmarketview.com

   

05/08/2018 Live Update

05/08/2018 Live Update

Postby Cobra » Tue May 08, 2018 9:20 am

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.
=============================================================================================================================================================================

the pullback should be bought if not already being bought.
Attachments
ES60min.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: 39607
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/08/2018 Live Update

Postby fehro » Tue May 08, 2018 9:24 am

/ES mind the possible sloppy H&S (or bull flag) .. which matches SPX .. Mind SPX morning gap and the "brick wall 2665-75" SPX opens at 20d SMA 2663.04
Attachments
Screen Shot 2018-05-08 at 6.15.19 AM.png
Screen Shot 2018-05-08 at 6.21.52 AM.png
Last edited by fehro on Tue May 08, 2018 9:28 am, edited 1 time in total.
fehro
 
Posts: 22321
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/08/2018 Live Update

Postby Cobra » Tue May 08, 2018 9:25 am


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: 39607
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/08/2018 Live Update

Postby fehro » Tue May 08, 2018 9:27 am

DXY USdollar keeps moving up.. nears key resistance .. over it has room… mind /GC gold 200d/50w 1306/1299 very key.. those go look for sharp drop in gold
mind /CL oil.. dollar will add to Iran deal pains..on /CL's drop, dollar's push
Attachments
Screen Shot 2018-05-08 at 6.13.41 AM.png
fehro
 
Posts: 22321
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/08/2018 Live Update

Postby 1der » Tue May 08, 2018 9:34 am

This morning PBars - fwiw

AAPL 186.28 and 184.16
SPY 267.05 and 266.92
1der
 
Posts: 442
Joined: Thu Mar 24, 2011 4:03 pm

Re: 05/08/2018 Live Update

Postby fehro » Tue May 08, 2018 9:40 am

1der wrote:This morning PBars - fwiw

AAPL 186.28 and 184.16
SPY 267.05 and 266.92


as per yesterday… not a pretty candle.. toppy, gravestone, shooting star.. buckle up on AAPL
Attachments
Screen Shot 2018-05-08 at 6.39.31 AM.png
fehro
 
Posts: 22321
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/08/2018 Live Update

Postby te_fern » Tue May 08, 2018 9:50 am

Ok, I've jumped into the short end of the pool... :D
Attachments
SPXS.PNG
te_fern
 
Posts: 1483
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/08/2018 Live Update

Postby te_fern » Tue May 08, 2018 9:52 am

Need the SPXS above to break through that R1 pivot...
te_fern
 
Posts: 1483
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/08/2018 Live Update

Postby Trades with cats » Tue May 08, 2018 9:53 am

Most likely scenario was a drop to ES 2662 then a move up to 2672. Down scenario was a jerky ride getting to 2649 to 45, an attempt to move up and a possible lower low of 2643. So we will see.
Trades with cats
 
Posts: 5202
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/08/2018 Live Update

Postby Cobra » Tue May 08, 2018 9:54 am


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: 39607
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/08/2018 Live Update

Postby Trades with cats » Tue May 08, 2018 9:55 am

Overnight low (OK earlier morning low) ES 2658.50 or 2 points lower. That is my line in the sand.
Trades with cats
 
Posts: 5202
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/08/2018 Live Update

Postby te_fern » Tue May 08, 2018 9:56 am

Took out the pivot, now need room to raise my stop loss to breakeven...
Attachments
SPXS.PNG
te_fern
 
Posts: 1483
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/08/2018 Live Update

Postby Cobra » Tue May 08, 2018 9:56 am

possible mm
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: 39607
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/08/2018 Live Update

Postby fehro » Tue May 08, 2018 9:57 am

fehro wrote:/ES mind the possible sloppy H&S (or bull flag) .. which matches SPX .. Mind SPX morning gap and the "brick wall 2665-75" SPX opens at 20d SMA 2663.04


mind the 20d SMAs …. SPX INDU <20d ..TRANSports +105 points :roll: >20d at 50d
Attachments
Screen Shot 2018-05-08 at 6.55.56 AM.png
fehro
 
Posts: 22321
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/08/2018 Live Update

Postby brokebybernacke2 » Tue May 08, 2018 9:59 am

fehro wrote:
1der wrote:This morning PBars - fwiw

AAPL 186.28 and 184.16
SPY 267.05 and 266.92


as per yesterday… not a pretty candle.. toppy, gravestone, shooting star.. buckle up on AAPL


Big Fruit is 15% of daq and 4% of sp. so long above 180 , big fruit ok. Market go nowhere without big fruit. trillion dollar company!
can see a bit higher with it but rsi getting stretched and r2 hit already...
Attachments
sc.png
brokebybernacke2
 
Posts: 1111
Joined: Wed Sep 21, 2011 10:10 am

Re: 05/08/2018 Live Update

Postby brokebybernacke2 » Tue May 08, 2018 10:04 am

tech leading the charge? backtest triangle, real breakout?
Attachments
sc (1).png
brokebybernacke2
 
Posts: 1111
Joined: Wed Sep 21, 2011 10:10 am

Re: 05/08/2018 Live Update

Postby fehro » Tue May 08, 2018 10:10 am

SPX neckline / brick wall retest stalls here and LOD goes again look to 2645

/GC at 200d SMA DXY stalls after nHOD
Attachments
Screen Shot 2018-05-08 at 7.09.21 AM.png
fehro
 
Posts: 22321
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/08/2018 Live Update

Postby te_fern » Tue May 08, 2018 10:11 am

In a hole now. Will hold just a little longer before I cut my losses. Hate playing the short side!! :D
Attachments
SPXS.PNG
te_fern
 
Posts: 1483
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/08/2018 Live Update

Postby Clueless » Tue May 08, 2018 10:17 am

With the pending announcement at 2pm ET, it is going to be very difficult finding buyers. I believe very move up will be sold until that time. But expect more selling pressure 30-60mins before the announcement.
Then expect the market to flush if Trump comes out of the deal because it will create great uncertainty for a long time for the following reasons:
1) What is the path forward?
2) How will Iran react?
3) How will Iran's allies react?
4) Will Israel now have the green light to attack the Iran nuclear sites - specifically the Natanz facility?
5) North Korea can totally reverse the "good" face it has been trying to put on lately.
6) What to make the the Trump-Kim Jong-un Summit? Will it even take place after that?
...

Just too many unknowns to be a calm bull. Get ready for a wild ride because the market is about to get very volatile?
Clueless
 
Posts: 21
Joined: Tue Sep 20, 2016 1:46 pm

Re: 05/08/2018 Live Update

Postby te_fern » Tue May 08, 2018 10:26 am

Back to even. As clueless said this market is volatile! I'm still holding on!!
Attachments
SPXS.PNG
te_fern
 
Posts: 1483
Joined: Tue Nov 24, 2015 3:35 pm

Next

Return to Traders Lounge

Who is online

Users browsing this forum: Google Feedfetcher and 14 guests