Back to www.cobrasmarketview.com

   

10/08/2018 Live Update

Re: 10/08/2018 Live Update

Postby BullBear52x » Mon Oct 08, 2018 11:11 am

Too early to quit, I will buy again somewhere here at lower wedge. buy day for me soooooo..... one more buy.
Attachments
Capture.PNG
User avatar
BullBear52x
 
Posts: 18772
Joined: Tue Feb 22, 2011 3:47 pm

Re: 10/08/2018 Live Update

Postby Cobra » Mon Oct 08, 2018 11:27 am

assume range low is the day low or the Friday's low, so pullback not over yet.
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: 41471
Joined: Sat Feb 12, 2011 10:29 pm

Re: 10/08/2018 Live Update

Postby Daniel » Mon Oct 08, 2018 11:35 am

GLD down 1.5%, SLV -2.5%
TLT sluggish as expected, but nonetheless hitting a fresh lod.
UUP up a bit, but flat since the open.

So-called "havens" are not drawing capital.
Daniel
 
Posts: 3091
Joined: Fri Feb 10, 2012 4:27 pm

Re: 10/08/2018 Live Update

Postby Daniel » Mon Oct 08, 2018 11:36 am

Cobra wrote:assume range low is the day low or the Friday's low, so pullback not over yet.

QQQ has undercut both.
Daniel
 
Posts: 3091
Joined: Fri Feb 10, 2012 4:27 pm

Re: 10/08/2018 Live Update

Postby brokebybernacke2 » Mon Oct 08, 2018 11:38 am

ST bulls just waiting for "china relations are great" or Powell to simmer down....
brokebybernacke2
 
Posts: 1392
Joined: Wed Sep 21, 2011 10:10 am

Re: 10/08/2018 Live Update

Postby BullBear52x » Mon Oct 08, 2018 11:39 am

gave back 3 handles, I call it a quit.

CCI is too low for my taste to short the market over night. GL
User avatar
BullBear52x
 
Posts: 18772
Joined: Tue Feb 22, 2011 3:47 pm

Re: 10/08/2018 Live Update

Postby Al_Dente » Mon Oct 08, 2018 11:42 am

EXCELLENT long-term sector chart from Callum Thomas
“This chart makes me feel queasy ...”
https://pbs.twimg.com/media/Do2RFrvXsAAdrVM.jpg
User avatar
Al_Dente
 
Posts: 21125
Joined: Thu Jul 21, 2011 2:29 pm

Re: 10/08/2018 Live Update

Postby Cobra » Mon Oct 08, 2018 11:43 am

testing Friday low, looks like a rebound here first.
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: 41471
Joined: Sat Feb 12, 2011 10:29 pm

Re: 10/08/2018 Live Update

Postby Daniel » Mon Oct 08, 2018 11:46 am

ASHR (CSI 300 A-shares) is a broad-based but more volatile China ETF. It is trading sluggishly, acting mainly as a sentiment indicator (absent China-related news), as mentioned earlier. But nonetheless it is testing its opening LOD. This is confirmatory of US weakness.
Daniel
 
Posts: 3091
Joined: Fri Feb 10, 2012 4:27 pm

Re: 10/08/2018 Live Update

Postby Al_Dente » Mon Oct 08, 2018 11:46 am

VIX is up +22%
User avatar
Al_Dente
 
Posts: 21125
Joined: Thu Jul 21, 2011 2:29 pm

Re: 10/08/2018 Live Update

Postby Daniel » Mon Oct 08, 2018 11:50 am

And now kaboom! VIX over 18!
Daniel
 
Posts: 3091
Joined: Fri Feb 10, 2012 4:27 pm

Re: 10/08/2018 Live Update

Postby Al_Dente » Mon Oct 08, 2018 11:55 am

If we closed right here (IF, IF)
There would be "THREE BLACK CROWS" all over the place
http://thepatternsite.com/ThreeBlackCrows.html
User avatar
Al_Dente
 
Posts: 21125
Joined: Thu Jul 21, 2011 2:29 pm

Re: 10/08/2018 Live Update

Postby Al_Dente » Mon Oct 08, 2018 12:02 pm

THREE BLACK CROWS on the daily don't count until the close

108three crows.png.png
User avatar
Al_Dente
 
Posts: 21125
Joined: Thu Jul 21, 2011 2:29 pm

Re: 10/08/2018 Live Update

Postby Cobra » Mon Oct 08, 2018 12:09 pm

so far looks like a bear flag, not good.
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: 41471
Joined: Sat Feb 12, 2011 10:29 pm

Re: 10/08/2018 Live Update

Postby Al_Dente » Mon Oct 08, 2018 12:09 pm

BIG TECH
15 min
LOWER LOWS
108tech ll.png.png
User avatar
Al_Dente
 
Posts: 21125
Joined: Thu Jul 21, 2011 2:29 pm

Re: 10/08/2018 Live Update

Postby Cobra » Mon Oct 08, 2018 12:21 pm


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: 41471
Joined: Sat Feb 12, 2011 10:29 pm

Postby MrMiyagi » Mon Oct 08, 2018 12:53 pm

!!! NEVER EVER NEVER GOING UP AGAIN! NEVER!! EVER !!!
User avatar
MrMiyagi
 
Posts: 10180
Joined: Sun Oct 16, 2011 12:48 pm

Re: 10/08/2018 Live Update

Postby QED » Mon Oct 08, 2018 12:56 pm

MrMiyagi, will we ever go up again?
QED
 
Posts: 721
Joined: Wed Feb 11, 2015 2:04 pm

Re: 10/08/2018 Live Update

Postby Al_Dente » Mon Oct 08, 2018 1:01 pm

User avatar
Al_Dente
 
Posts: 21125
Joined: Thu Jul 21, 2011 2:29 pm

Re:

Postby Daniel » Mon Oct 08, 2018 1:09 pm

MrMiyagi wrote:!!! NEVER EVER NEVER GOING UP AGAIN! NEVER!! EVER !!!

By this he means that SPY is down about 2-3% from an ATH.
(Luckily for him he doesn't have to pay for the bandwidth) ..:P
Daniel
 
Posts: 3091
Joined: Fri Feb 10, 2012 4:27 pm

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: Google Feedfetcher and 22 guests