09/11/2018 Live Update

[Daniel]

IWM leads (recently) so a fresh LOD in the smalls does not portend well for SPY, QQQ etal.

[Trades with cats]

Looking at VWAP down there at 2875.

[Daniel]

All time high in small business confidence is very bad for small caps.

From Sentimentrader: "The annualized return in the Russell 2000 when small business optimism is above 107 has been -3.5%."

[Cobra]

if the pullback isn't sharp then today could be an uptrend day, let's see. again it's Sep 11, suppose to be up today.

[Daniel]

IWM leads (recently) so a fresh LOD in the smalls does not portend well for SPY, QQQ etal.

170 is a clear level of support for IWM. Break that and, as Fehro often likes to put it, "buckle up and look out below".

[Trades with cats]

This morning from Twitter

edit- That is the One World Trader Center tower

[te_fern]

Where is fehro?

[te_fern]

Broke thru and is back testing. What's next??

[te_fern]

Held, maybe we can get Cobra's uptrend day....

[te_fern]

that didn't last long.....

[Trades with cats]

Yes my system has been mostly long today. But given the last couple of days range is what I am now assuming once we lose the 10% or so of trades by the Euro zone crowd in about 10 minutes.

Saw that the EU may do away with daylight savings, I sure hope they include that in Brexit. Daylight savings is bad enough but with that crowd over there going in and out a couple of weeks different from North America is just a pain in the chart.

[Cobra]

I have a dream. 2 resistances ahead though.

[Al_Dente]

[save for later]
“What We Need to Fight the Next Financial Crisis”
Authored by the very same guys who brought us the 2008 crisis: Ben S. Bernanke, Timothy F. Geithner and Henry M. Paulson Jr.
Seriously, what a pile of crap.
https://www.nytimes.com/2018/09/07/opin ... -oped.html

[te_fern]

Glad cobra's dream came true!!

[Cobra]

target met. this bull shall have legs.

[Cobra]

members only update at 12:12 pm
http://www.cobrasmarketview.com/2018/09 ... ay-update/

[brokebybernacke2]

well do or die bears, start on tech, won't be today. qqqs back test, needs to close below 183.40.

[Al_Dente]

BIG TECH
15min, 10 days

[te_fern]

Big Board TICKs appear to have gotten a little ahead of themselves....

[Trades with cats]

My fast chart is getting jiggy, volatility up bars triple their size from an hour ago.