10/18/2018 Live Update

[Cobra]

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no idea up or down from here.

[Cobra]

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

[JFR]

Overnight gap down on YM, ES and NQ. Running lower. How long will it run?

[JFR]

Big picture. SPY daily. No man's land.

[Daniel]

Sea of red, except for UUP and the havens XLU and XLP.

[te_fern]

I see a little lower at least, to S1 pivot and the trendline...

[Daniel]

USO down > -2%

[te_fern]

Getting a pretty nice little bounce here, may not reach S1 pivot....

[te_fern]

From coolbiz yesterday evening:

SPX Minor 4 , may have peaked today at 2816.94 or low probabity may extend higher yet to 2826-2836 ? It should move down below 2710 in coming weeks.
2853 close is invalidation for this bearish wave Count.

[brokebybernacke2]

From coolbiz yesterday evening:

SPX Minor 4 , may have peaked today at 2816.94 or low probabity may extend higher yet to 2826-2836 ? It should move down below 2710 in coming weeks.
2853 close is invalidation for this bearish wave Count.

we need some capitulation, if it happens, much faster imo...china/dax, yuk

[Cobra]

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

[brokebybernacke2]

From coolbiz yesterday evening:

SPX Minor 4 , may have peaked today at 2816.94 or low probabity may extend higher yet to 2826-2836 ? It should move down below 2710 in coming weeks.
2853 close is invalidation for this bearish wave Count.

we need some capitulation, if it happens, much faster imo...china/dax, yuk

and, overall, this not great for markets
https://www.bloomberg.com/news/articles ... -headwinds

[te_fern]

It had to grind down to the trendline and S1 pivot, but it made it. Waiting for the either the bounce or break lower.....

[Trades with cats]

Waiting for the heavy weights to report. Three of them are battling it out in cloud services. I see zero info on that market from my business feed. I guess because it just isn't sexy like Canadian Pot stocks Netflix showed us that the AOL model is still in high regard, therefore for Facebook I assume eyeballs will also be the big deal and with their move towards a venue for cat ladies I don't see anything good from them. Apple has already had a hit piece from Goldman I imagine prodding Tim to throw even more gold coins to the mob so we will see.

[Trades with cats]

The chart is a pie chart of the S&P 500 by market cap.

[Cobra]

so far looks like a range day, boring.

[Trades with cats]

What can you say, Second day where we are stepping lower.

[Daniel]

This OPEx Thursday is a pretty bullish day, historically. It may be hard for bears to establish a downtrend day, and they may have to settle for a grinding lower channel day.

[Daniel]

Some highlights from Briefing.com:
Equity indices in the Asia-Pacific region ended Thursday on a mostly lower note with China's Shanghai Composite (-2.9%) falling to a four-year low.

The Chinese yuan slipped beneath its low from August.

The 2-yr Treasury note yield touched a 10-yr high.

[Daniel]

GDX up nearly 1%. But GDXJ is not confirming, up much less. And gold itself is barely positive and silver is even showing a small loss.