Cobra's Market View

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revisiting the previous low so sharp up any time would mean the low might be in, key time. My guess is range day because bond market is closed, the recent sharp down is due to rapidly rising interest rate.

members only update starts here: http://www.cobrasmarketview.com/2018/10 ... ay-update/

find excuse to buy. a dead cat bounce at the least.

morning hourly hollow red

daily buy the dip, RSI >30 will trigger a buy.

100% mm possible, I even think it could be uptrend day. let's see.

bond market is closed, but TLT and TBT are still trading

TICKs are trying to move above their MA lines....

NYSE up/dn vol is 1.5 : 1 bullish.
Naz up/dn vol is more neutral, tho.

Bulls need to take out 50% or even 61.8% to build more support in micro level.

BB52, I was thinking the same thing, need to take out the end of day Friday highs first to get anything going!!

Al_Dente wrote:bond market is closed, but TLT and TBT are still trading

When that happens it makes for a perfect Sentiment Indicator.

..Much like Chinese equities traded as ETFs, during the US market hours. The Chinese numbers are done for the day, and are fixed. So a blend of factoring their close, plus what's happening in the now of US and LatAm markets, becomes a pure sentiment-indicator of the "animal spirits".

key time, if the pullback can be bought then it's uptrend day, sharp pullback here, then it's range high.

SPY is flat at 10:40am, this means it has fully absorbed some news and numbers from Asia and Europe and deemed them of local concern.

But, on a more macro level, there were some heavy losses overnite, esp. Italy and Shanghai (Composite down 3.7%, after a week closed).

dip buyers are out.

longer term, this one chart is my canary, and reactions have started... this is weekly chart, major trend line broken, with current debt levels, someone/s not gonna/never get paid..equities will hurt...bears will have many chances for months..imho. should be great tradin times ahead..

Al_Dente wrote:bond market is closed, but TLT and TBT are still trading

15min timeframe, TLT is showing its first good bull bar of the day.

VIX near its hod, just under 17

IWM, IYT testing their lod