10/25/2018 Live Update

[Daniel]

After London closes we will see what is real.

Macro observation from pundit JC Parets:
"We got breadth readings yesterday that were twice as bad as at the January lows and the indexes are still well above those lows. These aren't things we see in uptrends."
-he is bearish, net short (on a daily/weekly timeframe), and looking for re-shorting points rather than buy entries.

[Cobra]

watch mini target, exceeds it then the high might be in, today is just a range day at the best.

[Daniel]

Naz advancers still near 2250, still hanging out near HOD...
NYSE advancers are not as strong, but are still >2100 and close to their HOD.

..IWM, however, seems to be losing the 149 level.

[Cobra]

members only update at 12:02 pm
http://www.cobrasmarketview.com/2018/10 ... ay-update/

[Daniel]

5min Stochastic sell signal on SPY, confirmed by intraday Money Flow.

[QED]

It will be brutal if they close the opening gap today.

[Cobra]

possible 3 push up, the rule still is to give bulls more credit, so assume there's one more push up before the pullback.

[Daniel]

VIX is back down to 23.

[Cobra]

so far goes as expected. the pullback, should, should, exceed the tinted area this time.

[Al_Dente]

EARNINGS tonight:
GOOG, AMZN, INTC, BIDU

[Daniel]

XLF/FAS, KRE poking at their HOD.. EEM also testing its high.

[Trades with cats]

For the record Amazon has done all they could in the past to obscure the new investments in cloud services as well as what is going on with the margin because they need to protect the street thinking infinite growth with 40% margins forever. To the sky!
MSFT showed a reduction in margins on cloud, so we will see. The numbers will be good, but it is the future that counts.

[Cobra]

probably bear's last chance here, no pullback here, then forget about 3 push up.

[Al_Dente]

China rarely responds to trump’s tantrums
So this is priceless:
The NYT reported that China was eavesdropping on his phone calls, because he is reportedly using unsecured iPhones.
China's response: "You Can Change To Huawei Phones"

[Daniel]

probably bear's last chance here

IWM still struggling with that 149 level.

..update: $SOX, SMH, QQQ all near their hod.. IWM still sluggish..

[Al_Dente]

Sectors on the daily.
The only thing visible here is the 10/200ma (“The Trinity Cross”)
Sell/cross signals are seen on everything except tech and health
Most of these haven’t crossed in 2+ years

[Cobra]

now up is more likely, may test the long horizontal blue line above.

[Daniel]

now up is more likely, may test the long horizontal blue line above.

Both Schwab and StockCharts have SPY's hod as 270.60, which is right about there, at that blue line...

[Daniel]

GLD. Daily. "Thar's gold in them thar hills."

Thar's more gold today in them Semiconductors. SMH fresh hod. Up >3%

[Cobra]

breakout. if the current trend line doesn't stop bulls then the next resistance is the blue line above.