08/16/2018 Live Update

[Cobra]

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no idea up or down from here. Today has some chances to be an uptrend day today.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/08 ... ay-update/

[Al_Dente]

AAPL
ATH

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2018/08 ... ay-update/

[Trades with cats]

Guess the multi-day high is safe for a while longer if the double top marks the end of the overnight rush to tech.

[Cobra]

ascending triangle so up is more likely in theory.

[Al_Dente]

R. I. P. Aretha Franklin
https://www.youtube.com/watch?v=n0POmdK18WU

[Clueless]

Please help.
Is it better for me to just go to the casino?

[Trades with cats]

Slowwwwly working on all those dark clouds (Sell orders).

[Trades with cats]

ES 2843.75 is a weak high according to FuturesTrader 71 and he expects to see it taken out so the market can work into the gap above.

My only concern is when does the buyback desk run out of cash for the quarter. I think Apple is about the only one who has lots and lots, most everyone else has to generate and borrow.

[te_fern]

TICKs are steady climbing this morning. The big board has gotten pretty far ahead of its MA line. May need some consolidation...

[Al_Dente]

am going on vacation; see y'all next week

[te_fern]

am going on vacation; see y'all next week

Have a great time! Where are you going??

[fehro]

nibble short here .. looking for indexes to fill morning gap.. "IF" we stall here mind the 20d SMA.. those go then 50d SMAs next

VIX holds 50d SMA .. so far

[Cobra]

so far looks like an uptrend day but doesn't look like it'd go up huge.

[Trades with cats]

[attachment=0]ES 09-18 (10000 Tick) 2018_08_16 (9_17_13 AM).png[/attachment
"Once more unto the breach, dear friends, once more;
Or close the wall up with our Trading Accounts."
Shakespeare, Henry the V

[Trades with cats]

They spared no expense moving through the high into the gap. Price 2.5 points above the EMA and 5 points above VWAP. 6 points above the mid point. I would be waiting for someone to call this a run away bull but it is having to clear layer after layer of sell orders to keep moving up.

If anyone thinks the economic problems in China are 'only' because of the Orange Swan and his tariffs I suggest you change the Kool Aid you are drinking. I say that because a 20% decline in overall Chinese cell phone sales as Apple hits a new high means you are getting your economic analysis from Larry Kudlow. And doesn't he look fetching in that MAGA cheerleader uniform!

Reality with the Fruit is party on Garth till Timmy runs out of Steve's cash.

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2018/08 ... ay-update/

[fehro]

nibble short here .. looking for indexes to fill morning gap.. "IF" we stall here mind the 20d SMA.. those go then 50d SMAs next

VIX holds 50d SMA .. so far

next resistance.. into last week's gap

[Cobra]

generally the pullback should be bought. watch for h1/h2 setup on ema20.