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08/16/2018 Live Update

Daniel
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Re: 08/16/2018 Live Update

Post by Daniel »

Clueless wrote:Please help. Is it better for me to just go to the casino?
Depends on which casino, and what activity.

Unlike most gambling, investment returns--on any timeframe--depend not on ODDS but on patterns and probabilities, based on speculation concerning objective realities.

Obviously, the shorter the timeframe the more a kind of randomness shows up. To some extent a daytrader should think of him/her self as a miner of noise. The day to day movement is pure 'noise' to a long term investor. But... there is always a signal-to-noise ratio, and the underlying trend is the primary signal. Discern that.. and then expect price-surprises to skew in that direction.

If one truly feels clueless a quick and fruitful way to get 'clued' is to pay close attn to the rules and principals the Cobra sets down in the way of guidance.

:)
Trades with cats
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Re: 08/16/2018 Live Update

Post by Trades with cats »

ES 09-18 (10000 Tick) 2018_08_10 (11_32_01 AM).png
The big gap down from Aug 10th, calling loudly to the bulls all week.
ES 09-18 (5 Minute) 2018_08_16 (11_32_56 AM).png
Today's action on a simple 5 minute chart. Just draw your trendlines . It was a gap up and yes the first 30 minutes (7:30 to 8 in my zone) were uncertain, but then it became clear they were going for the gap. Usual pause when London/Frankfurt closed down, then a last gasp that got us 90% of the gap. One way trading as long as it stays above the EMA. Strong move so good odds it will need a double top before heading down. Not much easy upside left because we had several days of trading in that higher range.

Remember with the dollar strength US markets are on fire if you are holding a foreign currency. Safe haven and all that. :D
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Cobra
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Re: 08/16/2018 Live Update

Post by Cobra »

hammer plus volume surge, hopefully a rebound here first. the pullback is way beyond my comfort zone for an uptrend day.
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MrMiyagi
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Post by MrMiyagi »

QQQ and AMZN moving like twin sisters
2x1
2x1
Capture.PNG (274.29 KiB) Viewed 2579 times
Daniel
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Re: 08/16/2018 Live Update

Post by Daniel »

15min timeframe QQQ is below the (flat to slitely-down) 20ema, IWM is right at a flat 20ema, and SPY is hammering nicely off of, and staying above, a rising 20.
Daniel
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Re: 08/16/2018 Live Update

Post by Daniel »

From Briefing.com
Stocks have rebounded today following a blow-out earnings report from Walmart, which has spiked 10%, and following reports that China and the U.S. will resume trade talks as early as next week--the first official talks since negotiations broke down two months ago.

The latest weekly initial jobless claims count is consistent with a tight labor market.

The Philadelphia Fed Survey for August showed an uptick in the diffusion index for future general activity, following four straight declines. More than 50% of firms expect increases in activity over the next six months.
Daniel
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Re: 08/16/2018 Live Update

Post by Daniel »

NVIDIA (NVDA) and Applied Materials (AMAT) will report their quarterly results following today's closing bell. Deere (DE) is scheduled to report tomorrow morning.
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Re: 08/16/2018 Live Update

Post by Trades with cats »

Nvidia has already demoed there next generation chip ste and $10,000 video boards so I am guessing earnings aren't that important. Supposedly next generation die shrink from intel in 2019, so fair warning what ever you have on your desk now has the next generation coming.
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Cobra
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Re: 08/16/2018 Live Update

Post by Cobra »


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Cobra
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Re: 08/16/2018 Live Update

Post by Cobra »


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Cobra
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Re: 08/16/2018 Live Update

Post by Cobra »

well, guess that's it for today. Friday tomorrow has been generally bull friendly. thank you guys, I'll see you in another thread soon.

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