09/21/2018 Live Update

[Cobra]

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maybe still some up room from here? my guess is range day today.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/09 ... ay-update/

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2018/09 ... ay-update/

[Cobra]

it's morning hourly filled black bar

[Trades with cats]

From my Twitter feed

Of this week's $13.9BN in equity inflows, $18.3BN was in ETF inflows. Actives saw $4.5BN outflow

7:06 AM - 21 Sep 2018

[Trades with cats]

Significant support in the ES order book at 2939.75, looks like they are going to test it.

[Trades with cats]

[K447]

From my Twitter feed

Of this week's $13.9BN in equity inflows, $18.3BN was in ETF inflows. Actives saw $4.5BN outflow

7:06 AM - 21 Sep 2018

How can 18.3 BN be part of 13.9 BN ?

[Trades with cats]

Making a stand a point above the overnight low. Going to have to move my trend lines.

[Trades with cats]

From my Twitter feed

Of this week's $13.9BN in equity inflows, $18.3BN was in ETF inflows. Actives saw $4.5BN outflow

7:06 AM - 21 Sep 2018

How can 18.3 BN be part of 13.9 BN ?

$18.3 in to passive
less $4.5 out of active
$13.9 net

[K447]

From my Twitter feed

Of this week's $13.9BN in equity inflows, $18.3BN was in ETF inflows. Actives saw $4.5BN outflow

7:06 AM - 21 Sep 2018

How can 18.3 BN be part of 13.9 BN ?

$18.3 in to passive
less $4.5 out of active
$13.9 net

Hmmm, ETF wagging tail is getting to be a significant proportion of the market dog.

[Trades with cats]

Part of the mechanism for the FAANGs to drag the market up. Barry Ritholtz had a pie chart out showing percent of the S&P gain for the last quarter by stock. The FAANG crowed was a full quarter. But all the passive etf buying means dollars flowing into the losers as well. To me, when the market reverses then the opposite effect will mean the good companies will become badly oversold untill the public stops selling their etfs. Should be really good for stock pickers bottom fishing.

[Cobra]

down from here, it might be a down trend day, just might be. up from here, likely it's range day.

[Trades with cats]

Double bottom comes close to the 30 minute test and the order book is defending it, for now.

[Trades with cats]

It is "make mine a Bitburger" time in Frankfurt and down to the pub for a pint time in London. So we will see what New York does with less volume on a quad witch Friday.

[Trades with cats]

Back to VWAP, first touch in an hour and a half.

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2018/09 ... ay-update/

[JFR]

To the moon, Alice. Forever up. Only up. Ha ha

[Trades with cats]

Call a tow truck, this market is stuck in a ditch, er, I mean range.

[Cobra]

finally some moves. let's see if once again it's breakdown then sharp rebound.