06/27/2018 Live Update

[1der]

Whenever it is possible for you to do so, please post the levels of the IB SPY chart spikes that are "way out of the norm." Thanks!

I had to ditch the TradingView charts because the data feed costs were to high. This eliminated the overnight data where the PBars happen.

This 5 min chart is from Interactive Brokers Charting feature. The Blue lines are PBars from prior periods. The spike this morning is at the arrow. Still work in progress. TView charts were easier to use. I am still trying to figure out how to make the IB charts easier.

[te_fern]

Here's an eight day chart of Bio's and their struggle with a trendline....

[fehro]

nibble short not ideal.. RUT struggle at 20d SMA TRANSports red

nada.. wants to fill that upper gap.. /CL pushes up hard again

try again nibble short.. key resistance 2745 .. looking for possible morning gap fill

cheeky .. bounce off gap/support trendline.. of course…as oil bounces

[Cobra]

members only update at 12:02 pm
http://www.cobrasmarketview.com/2018/06 ... ay-update/

[fehro]

wow just WOW Germany vs South Korea.. 90+ x2

[fehro]

wow just WOW Germany vs South Korea.. 90+ x2

short the DAX, short EWG

[Cobra]

assume range so divided it by 4 now.

[Al_Dente]

KUDLOW SAYS TRUMP NOT RETREATING ON CHINA
KUDLOW SAYS U.S. ECONOMY GROWING, WHILE CHINA'S NOT DOING WELL
[about an hour ago]

[Trades with cats]

from Twitter

Our concentration study shows that since ‘00 when the top 5 stocks represent less than 25% of yrly attribution, SPX avg return =19.6%

When top 5 represent over 25%, avg return =1.9%

Today, top 5 =52% of YTD attribution, suggesting mkt needs to broaden or a tough 2H18 awaits

[fehro]

rolling over again

[Trades with cats]

Sisyphus style market today. Ready for the third run up. Gotta love (NOT!) this news dominated trading.

[Cobra]

a little support here but the pullback should have legs because it exceeded 100% mm.

[fehro]

nibble short not ideal.. RUT struggle at 20d SMA TRANSports red

nada.. wants to fill that upper gap.. /CL pushes up hard again

try again nibble short.. key resistance 2745 .. looking for possible morning gap fill

cheeky .. bounce off gap/support trendline.. of course…as oil bounces

/CL slipping .. it rolls over hard.. indexes will dump harder.. SPX lower yellow "flag" next

[fehro]

nibble short not ideal.. RUT struggle at 20d SMA TRANSports red

nada.. wants to fill that upper gap.. /CL pushes up hard again

try again nibble short.. key resistance 2745 .. looking for possible morning gap fill

cheeky .. bounce off gap/support trendline.. of course…as oil bounces

/CL slipping .. it rolls over hard.. indexes will dump harder.. SPX lower yellow "flag" next

indexes are loosing it SPX 50d goes 2717…

[fehro]

covered partial on yellow support SPX +30 points

[fehro]

covered partial on yellow support SPX +30 points

SPX tries to hold onto 50d SMA for dear life here

[fehro]

SPX fails to hold 50d SMA .. start to look for 200d SMA purple MA 2666ish .. not expecting support on this tag.. look for slice through to lower levels
SPX daily wedge break and retest

[rajesht]

Breaking below 2700 on SPX would be extremely bearish. Lets see.

[Cobra]

members only update at 2:15 pm
http://www.cobrasmarketview.com/2018/06 ... ay-update/

[brokebybernacke2]

SPX fails to hold 50d SMA .. start to look for 200d SMA purple MA 2666ish .. not expecting support on this tag.. look for slice through to lower levels
SPX daily wedge break and retest

higher low tag around 2702 watching watching...could be a good bear trap there - hurrah hurrah economic numbers on tap.. wish i knew if priced in. quite frankly, if 2666 goes, my bet is early year top is in for some time, and we already in the bear...sure is weak and if you look at global financials, our trannies, chinese stock exchanges, defensive staples of late, are we just late to party?