Page 1 of 5

05/24/2018 Live Update

PostPosted: Thu May 24, 2018 9:29 am
by 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.
=============================================================================================================================================================================

Still in a range and near range high so maybe pullback is a little more likely?

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 9:31 am
by fehro
/ES SPX … mind the pink bear flag SPX .. mind the morning gap

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 9:32 am
by Cobra

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 9:33 am
by 1der
SPY New PBar overnight at 271.25
SPY 052418_01.jpg

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 9:34 am
by Al_Dente
oil dumps

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 9:34 am
by Cobra
the open.

the pullback might be bought, but today likely is a boring range day so probably I'll have no trade unless I'm sure this bull shall have legs.

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 9:41 am
by fehro
TLT active.. nears 50d 119.11 ..TRANsports push

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 9:42 am
by Trades with cats
This is painful watching the opening gap try to close.

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 9:45 am
by fehro
struggles to fill tiny morning gap.. IWM weak.. near yLOD

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 9:46 am
by Al_Dente
unemployment claims were up

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 9:49 am
by Trades with cats
As Ron Burgundy says, "That escalated quickly". Wasn't expecting a retest of the overnight low that fast.

Thanks Pasta Boss for the bot trigger!

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 10:01 am
by Al_Dente
Update on Bloomberg’s “Smart Money Index”
[Posted yesterday by WSJ]
IT LOOKS DREADFUL
Recall that this index is calculated by taking the action of the Dow during two time periods: the first 30 minutes and the close. The first 30 minutes represent emotional buying, driven by greed and fear based on good/bad news. “Smart money” waits until the end of the day and then they move big. These heavy hitters have the best possible information available, and they have the edge on all other market participants.
https://pbs.twimg.com/media/Dd162U-VwAA71YR.jpg

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 10:02 am
by fehro
fehro wrote:/ES SPX … mind the pink bear flag SPX .. mind the morning gap



bear flag breaking ..mind lower gap.. and 20d/50ds indexes

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 10:03 am
by Cobra

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 10:04 am
by Al_Dente
NY declining stocks = 1.9 x advancing stocks
NY declining volume = 2.2 x advancing volume
BEAR
These numbers need to stay above 1.7 and get stronger, for bear to continue

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 10:06 am
by Trades with cats
ES 06-18 (15 Minute) 2018_05_24.png
15 minute RTH

A week of 15 minute bars. Unemployment or cancelled summit doesn't matter the market makes the news and we are back to the most common price in the last 5 days.

This means the Fed was a one day wonder.

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 10:10 am
by brokebybernacke2
some fun with numbers/patterns for hopeful bears down the line. note only a 30 point spread now on the 50 v 200 dma, angle on that 50 needs to turn up for more bull time...have a great weekend!

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 10:13 am
by Al_Dente
NOT INTRADAY
small cap, large cap, and tech
the 10ema of the ADVANCE DECLINE PERCENT, ADP
(one day lag)
I think it is Art Hill who says we need to see the average hit +30/-30 to indicate a strong bull/bear thrust, but I see them showing interim tops/bottoms.
524adp.png

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 10:22 am
by Al_Dente
Al_Dente wrote:NY declining stocks = 1.9 x advancing stocks
NY declining volume = 2.2 x advancing volume
BEAR
These numbers need to stay above 1.7 and get stronger, for bear to continue

NY declining stocks = 1.6 x advancing stocks (no, no, no, that means narrow-based selling…)
NY declining volume = 2.3 x advancing volume (… on healthy red volume)

Re: 05/24/2018 Live Update

PostPosted: Thu May 24, 2018 10:23 am
by Junior Buffett
Trump the great turn around again...NK meeting cancelled

Image

I am also hearing that there will be big tariff on car import..which makes sense with his comment couple of days ago to autoworkers that he has a big pleasant surprise for them!