05/30/2018 Live Update

[Al_Dente]

last ten days

[Al_Dente]

beige book released a minute ago

[Al_Dente]

ha ha, it said "shortage of truck drivers"
we talked about that last week

[Cobra]

consolidation, so breakout is more likely.

[Al_Dente]

beige book summary
http://www.calculatedriskblog.com/2018/ ... ed+Risk%29

[Al_Dente]

AD Bull Trend all day
I’m watching for it to relax
NY advancing stocks = 4.7 x declining stocks (way strong bull)
NY advancing volume = 8.3 x declining volume (extraordinarily strong for midday)

[Al_Dente]

HAPPY HOUR

[fehro]

SPX weakens.. mind a reversal.. VIX still inside day

[Trades with cats]

Flushing sound for the bucks used to push above yesterday's high. All my indicators are now red, wondering if we get the opposite of yesterday's close.

[Cobra]

members only update at 3:30 pm
http://www.cobrasmarketview.com/2018/05 ... ay-update/

[Trades with cats]

So maybe the last 30 minutes some heavy ETF balancing will keep things up. Otherwise pretty clear VWAP at ES 2716 is a likely target. The volume profile is a mess, it shows what happens when someone with a big club beats on the market, there is zero evidence of agreement on price. Bid Ask Delta is dropping along with relative volume.

I am aware that I sound negative but when the bullish news is that Italy did not collapse today and the economy is on track for more rate increases well I feel like I am arguing with a 15 year old that got caught out after curfew. If I am wrong, it won't be the first time, but this just smells of month end manipulation and a short squeeze.

[Cobra]

members only update at 3:45 pm
http://www.cobrasmarketview.com/2018/05 ... ay-update/

[Cobra]

well, guess that's it for today. Thursday tomorrow has been mixed. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

[QED]

Tomorrow near the close
LOOK for:
Last Day of the Month
End of the Day Selling
with Increased Volume