Back to www.cobrasmarketview.com

07/13/2018 Live Update

rpccharts
Posts: 440
Joined: Fri Jul 29, 2011 10:41 am

Re: 07/13/2018 Live Update

Post by rpccharts »

Gold Bottoming? New Moon/Solar Eclipse Into CHINDIA Seasonal lows

If gold holds to its bullish trading pattern that has resulted in higher lows since December 2015, risk-reward favors a long position in the yellow metal. At $1247 per ounce, there is $10.60 of risk on the downside before gold breaks below its level of support at $1236.50. Below there, the yellow metal will negate the pattern of higher lows. On the upside technical resistance stands at the double top at $1365.40, the high from late January and early April of this year. Therefore, at $1247 with around $11 downside risk, the upside potential could be $118.40 or a risk-reward ratio that demonstrates a much smaller downside risk than upside potential reward in the yellow metal.

Image

Image
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/13/2018 Live Update

Post by Al_Dente »

bizarre LEAK:
Exclusive: Jeff Bezos plans to charge at least $200,000 for space rides
https://www.reuters.com/article/us-spac ... ss+News%29
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 07/13/2018 Live Update

Post by Trades with cats »

DARPA has successfully tested the booster engine for the new space plane. Next step is building it. Goal is to land and return to space within 24 hours. Test schedule is to do that 10 days in a row. Expected to cut the cost of a flight to 10% of current. Max payload of 3,000 pounds in the cargo bay. Boeing has the contracts and congress has funded the test mule.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 07/13/2018 Live Update

Post by Trades with cats »

ES 09-18 (5 Minute) 2018_07_13 (11_27_11 AM).png
To me this is not good for the bulls. We are staring at a double top that is a lower high than the overnight. Considering the chances of a tweet from Euro zone this weekend that further tanks the Asian markets on Sunday night I think a confirmation of the overnight would have been more solid.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/13/2018 Live Update

Post by Al_Dente »

note dow stock CSCO
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 07/13/2018 Live Update

Post by Trades with cats »

Amazon said considering selling network switches for 70% less than CSCO.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 07/13/2018 Live Update

Post by Trades with cats »

Confident the shoe clerks left in charge at the trading houses have been told to close above 2,800 or not come back on Monday. Still stuff does happen.
User avatar
MrMiyagi
Posts: 10326
Joined: Sun Oct 16, 2011 12:48 pm

Post by MrMiyagi »

**In half hour or so, QQQ MACD/20ema might line up to give a possible entry for an intraday long AT THIS RATE. Of course a sharp move negates that.**
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/13/2018 Live Update

Post by Al_Dente »

HAPPY HOUR
Image
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/13/2018 Live Update

Post by Al_Dente »

WEEK AT A GLANCE (before the close)
Shocker: :o lime, $INDU, is the best performer here
QQQ, black, is second best
713week glance.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/13/2018 Live Update

Post by Al_Dente »

dow is price-weighted
so thank you to BA which is up about 16 points on the week
followed by UNH up 8 points
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/13/2018 Live Update

Post by Al_Dente »

..... updated........
Last edited by Al_Dente on Fri Jul 13, 2018 3:37 pm, edited 1 time in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/13/2018 Live Update

Post by Al_Dente »

EARNINGS REPORTS
7/16, Monday: BAC before the open…. NFLX after the close
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/13/2018 Live Update

Post by Al_Dente »

Al_Dente wrote:[Bloomberg, citing two UNNAMED sources, via zh]
LEAK:
Trump considering tapping our SPR Strategic Petroleum Reserve
may release 30 million barrels
btw: According to The U.S. Energy Information Administration (EIA):
In 2016 the United States consumed an average of about 19.69 million barrels per day.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 07/13/2018 Live Update

Post by Trades with cats »

What happens at 3:50 every day? Apparently it is more than the bozy trying to balance the close. Comment on my twitter network said that is when a lot of brokers get in compliance with reporting trades and dump a lot of different stuff like the forced trades when someone runs out of margin. Somebody at the Futurtes.io thread had looked at the individual transactions and commented that it was a whole lot of small stuff. So that also passes the sniff test, brokerage house cleaning along with exchange members positioning for transaction at the close in-balance.

I have had a hard time over the last several months thinking that the big ETF's would wait until the last minutes to balance supply and demand.
User avatar
MrMiyagi
Posts: 10326
Joined: Sun Oct 16, 2011 12:48 pm

Post by MrMiyagi »

Al_Dente wrote:
Al_Dente wrote:[Bloomberg, citing two UNNAMED sources, via zh]
LEAK:
Trump considering tapping our SPR Strategic Petroleum Reserve
may release 30 million barrels
btw: According to The U.S. Energy Information Administration (EIA):
In 2016 the United States consumed an average of about 19.69 million barrels per day.
So... 33 days emergency rations....

Here's the source of the article.
Last edited by MrMiyagi on Fri Jul 13, 2018 3:41 pm, edited 1 time in total.
User avatar
MrMiyagi
Posts: 10326
Joined: Sun Oct 16, 2011 12:48 pm

Post by MrMiyagi »

MrMiyagi wrote:**In half hour or so, QQQ MACD/20ema might line up to give a possible entry for an intraday long AT THIS RATE. Of course a sharp move negates that.**

yay clap clap
User avatar
Cobra
Site Admin
Posts: 58339
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/13/2018 Live Update

Post by Cobra »


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: 58339
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/13/2018 Live Update

Post by Cobra »

well, guess that's it for today. Monday has been generally bull friendly recently. 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
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.
Post Reply