Cobra's Market View

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maybe the pullback would be bought?

members only update starts here: http://www.cobrasmarketview.com/2018/05 ... ay-update/

SPX opens at 50d 2677 mind the gap, possible stall.. or go.. 20d SMA to the downside 2663 "brick wall" level

/ES

PBars - fwiw (If no one wants me to post these from now on, I will stop. I do not know if they are helpful/distracting or not)

Interesting occurrence this morning I have not observed prior:

Interactive Brokers shows:
SPY 268.16
AAPL none

TradingView shows:
SPY 266.45
AAPL 184.64

1der wrote:PBars - fwiw (If no one wants me to post these from now on, I will stop. I do not know if they are helpful/distracting or not)

Interesting occurrence this morning I have not observed prior:

Interactive Brokers shows:
SPY 268.16
AAPL none

TradingView shows:
SPY 266.45
AAPL 184.64

PBars are always interesting. Please continue to post. Thanks!

80's was easy
anyone trading crypto ?

Quantifiable Edges is giving away a new research paper on the effect of the Fed balance sheet on the market.
http://quantifiableedges.com/introducin ... rch-paper/

SPX nibble tiny short .. looking for gap fill "IF" 50d goes.. if no up we go…. gap fills, maybe 20d

fehro wrote:SPX opens at 50d 2677 mind the gap, possible stall.. or go.. 20d SMA to the downside 2663 "brick wall" level

/ES

Last comment on my short trade yesterday, had to go to a meeting from 2:15 to 3:15, which was right at the time the market quickly sold off and i would have exited with a profit. By the time I got back to the screens the market had rallied and I missed my opportunity. I sold the short ETF this morning for a loss. I continue to live and learn! LOL!

You really should try some trailing stop losses. They work really well for that sort of situation.

if they can overcalm that vix down below 13.86 while hanging around these levels/without a pop, bear up

te_fern wrote:Last comment on my short trade yesterday, had to go to a meeting from 2:15 to 3:15, which was right at the time the market quickly sold off and i would have exited with a profit. By the time I got back to the screens the market had rallied and I missed my opportunity. I sold the short ETF this morning for a loss. I continue to live and learn! LOL!

Perhaps set a profit target stop, before you leave, in case it moves in your direction?

brokebybernacke2 wrote:if they can overcalm that vix down below 13.86 while hanging around these levels/without a pop, bear up

The VIX is behaving I think we heading much higher in coming days...VIX is very subdue even with Iran news

Pro money managers have had plenty of time for staff meetings, decision making and plan implementation. So they shouldn't have to run out and buy a bunch of insurance because they got caught flat footed at a market turn.

INDEXes holding so far sideways.. RUT leads…

QED wrote:

te_fern wrote:Last comment on my short trade yesterday, had to go to a meeting from 2:15 to 3:15, which was right at the time the market quickly sold off and i would have exited with a profit. By the time I got back to the screens the market had rallied and I missed my opportunity. I sold the short ETF this morning for a loss. I continue to live and learn! LOL!

Perhaps set a profit target stop, before you leave, in case it moves in your direction?

Thanks, Ameritrade does have a contingency trade setup for if/then type trades. I did think about that after the fact....

Which horizontal blue line will it break first???

TLT hod. Held 118, shortly after the Open, now hammering gently upward.

From Briefing.com:
Energy shares rally and crude futures return to a three-and-a-half year high following President Trump's Tuesday decision to pull the U.S. out of the Iran nuclear deal. Also, the U.S. Energy Information Administration reported an unexpected draw in weekly inventories, after the American Petroleum Institute reported a draw in crude inventories last night.

Treasury yields rise; benchmark 10-yr yield returns to 3.00%

The U.S. Dollar index (-0.2%) is cooling off a bit after hitting a four-month high this week. Silver futures are up 1%, at a two-week high of $16.63/oz (+0.16). June Gold futures are up 0.2% at $13.15.80 +2.10.