Back to www.cobrasmarketview.com

08/22/2018 Live Update

te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 08/22/2018 Live Update

Post by te_fern »

Big board ticks starting to turn up...
Attachments
Tick.PNG
This is not investment or trade advice.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 08/22/2018 Live Update

Post by te_fern »

So far so good. Added a stop loss above my entry, so should be good for now...
Attachments
SOXL.PNG
This is not investment or trade advice.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/22/2018 Live Update

Post by Cobra »

Looks like an uptrend day so far, I'm just not sure so no actions.
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.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 08/22/2018 Live Update

Post by te_fern »

Took my profit here. Seemed to be stalling....
Attachments
SOXL.PNG
This is not investment or trade advice.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 08/22/2018 Live Update

Post by te_fern »

te_fern wrote:Took my profit here. Seemed to be stalling....
Probably back testing yesterday's high before it continues to run up, but......
This is not investment or trade advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 08/22/2018 Live Update

Post by Trades with cats »

ES 09-18 (10000 Tick) 2018_08_22 (9_12_01 AM).png
The red line each day is the Point of Control from the volume profile. We are backing and filling. The DI ADX indicator system in box 2 shows no solid trend and chop for now. The 10:30 ramp was on time and strong today. We will see what happens after the European close in 20 minutes. Normally that is a major trend change time.
brokebybernacke2
Posts: 1955
Joined: Wed Sep 21, 2011 10:10 am

Re: 08/22/2018 Live Update

Post by brokebybernacke2 »

volume anemic. suspect more of a pullback b4 resuming uptrend. good support at 2840ish/18 day. maybe start with minutes later today into powell speech friday.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 08/22/2018 Live Update

Post by Trades with cats »

I keep forgetting to say on the 15 minute equivalent chart, (10,000 ticks) those horizontal gray zones are a type of pivot points called Jackson zones.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 08/22/2018 Live Update

Post by Trades with cats »

ES 09-18 (2000 Tick) 2018_08_22 (9_19_14 AM).png
Yesterday's POC is where all those sell orders are in the order book at ES 2868 and so far they are not pulling them as price approaches.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/22/2018 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.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 08/22/2018 Live Update

Post by Trades with cats »

Lifeguards are saying start getting out of the pool just in case.

Should be a non-event carefully orchestrated to reinforce the message to be delivered on Friday. I assume the message to be that they have a firm hand on the tiller and will stay their course until serious storms or reefs appear, and an angry President is neither. Some would say it is a ship of fools and I often agree but who would you get to replace them? The house Finance committee. Secretary Munchkin. Oh I just threw up a little! :lol: :lol: :lol:
QED
Posts: 992
Joined: Wed Feb 11, 2015 2:04 pm

Re: 08/22/2018 Live Update

Post by QED »

Trades with cats wrote:Some would say it is a ship of fools and I often agree but who would you get to replace them? The house Finance committee. Secretary Munchkin. Oh I just threw up a little! :lol: :lol: :lol:
Patrick Chinamasa, acting Finance Minister of Zimbabwe? He is use to working with big numbers!
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 08/22/2018 Live Update

Post by Trades with cats »

ES 09-18 (2000 Tick) 2018_08_22 (12_08_34 PM).png
Nice double top for now as a capper on the advance. Big sell order never came back.
VWAP at ES 2863 I guess will stop the drop yet again.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 08/22/2018 Live Update

Post by Trades with cats »

Yes they made mention of all the concerns and then said another rate hike soon. Holiday Inn slogan "The best surprise is no surprise".
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/22/2018 Live Update

Post by Cobra »

hopefully a double top here. I won't trade on it though.
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.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/22/2018 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: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/22/2018 Live Update

Post by Cobra »

well, guess that's it for today. Thursday tomorrow has been mixed. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. https://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