07/23/2018 Live Update

[Cobra]

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no idea up or down from here but the support below might not hold another test.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/07 ... ay-update/

[fehro]

SPX /ES

[Trades with cats]

[Al_Dente]

existing home sales at 10:00 ET

[Al_Dente]

When you tell the markets that you are SUSPENDING BUYBACKS, you are punished.
STT
down -7.41% on friday


When you tell the markets that you MISSED EXPECTATIONS on new subscribers, you have been punished.
NFLX


THIS IS TECH WEEK: GOOG reports tonight after the close, FB on Wednesday, AMZN and INTC on Thursday, and TWTR on Friday

[Cobra]

members only update at 10:08 am
http://www.cobrasmarketview.com/2018/07 ... ay-update/

[Cobra]

morning hourly hollow red. implication is on the top left of the chart itself.

[Trades with cats]

The 2000 tick chart shows clearly where those big support and resistance levels come from. Those oscillators haven't had a choppy day like this since June 28.

[Al_Dente]

selling treasurys
today's print so far on TLT just popped below the 200ma

[Trades with cats]

Alistair tweeted a multi-day triple top in the $IWM.

[Cobra]

double bottom or not, key time. I say 51% chances.

[Al_Dente]

“Cord Cutting” is projected to accelerate
Companies affected include: Netflix, Amazon, Hulu, iTunes, HBO and more
Nice visuals here:
https://www.marketwatch.com/story/over- ... yptr=yahoo

FB reports earnings on Wednesday
Here is FB’s global usage in minutes [Bloomberg chart], down 54% from peak

[fehro]

bonds not happy

[Trades with cats]

Last week the Euro zone close frequently marked the day's high. Resting sell orders at ES 2805 have been drifting down I am guessing to get in on a potential double top. Really though, this is a real top as the prior was just a news spike.

[Al_Dente]

AD
There were plenty of advancing stocks and advancing volume to get that push to 2800
Bulls need more of that now

[Cobra]

exceeded the 100% mm target so the rebound may still have legs.

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2018/07 ... ay-update/

[Al_Dente]

Best in SPX today: HAS, MAT
Worst in SPX today: HAL, ITW

[Al_Dente]

While the best in the OEX-100 large-caps today are banks: COF,WFC, JPM, BAC
And the worst by far is HAL -8%