11/12/2018 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.

=============================================================================================================================================================================

double bottom or not, wait and see. possible range day.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/11 ... ay-update/

[brokebybernacke2]

could be blood in streets this week, potus is a moron, sorry.

[BullBear52x]

with this type of weakness and over sold (intraday) I will look to see for a trend day. for now sell with very tight stop

[Al_Dente]

note PCG and EIX
(California fires)

[BullBear52x]

Gap filled, there should be a support here.

[BullBear52x]

rip will be sold in all short term time frames.

[Daniel]

Decliners over advancers on the Naz by > 2:1

[Cobra]

members only update at 10:03 am
http://www.cobrasmarketview.com/2018/11 ... ay-update/

[BullBear52x]

Buyers show up now. will see if we see LOD, V-shape from here I will hate it.

[Daniel]

From the daily charts: SPY
Chaikin moneyflow measures were still positive (thru 11/9 eod); with price currently still hovering above a (flattening) 20day ma. Classic MACD is still robustly positive.

On Friday I received a new full-stochastic sell signal.

[Cobra]

down from here then it's downtrend day with perhaps later day reversal, sharp up from here it's range day.

[daytradingES]

could be blood in streets this week, potus is a moron, sorry.

the other weekend I mentioned "they" buy it at -10% which they did
(They being the govt)

I found Friday's action telling. To me the rebound was stopped at a key point on Wednesday and Friday indicates the new leg is down - should Monday bring a lower low on the daily (<Low2764.50), and possibly to new lows below 2603.

we have been below today's breakdown level 2758.25.
to me the trade is sell the bounce

[Al_Dente]

12 min ago:
potus tweet blames the dems for market decline:
"The prospect of Presidential Harassment by the Dems is causing the Stock Market big headaches!"

[Daniel]

From Springheel Jack:
On the big picture we are likely soon to see a significant backtest on SPX.

That may extend lower, into a full retest of the October low, and possibly further into a retest of the 2018 low at 2533.

Alternatively we might just see a partial retracement of the rally so far, with a choppy sideways to up market into January. After that we should expect another big leg down.

[Daniel]

From the Schneiders (Marketgauge.com):
Despite the post-election rally our risk gauges slipped back to neutral territory. October’s decline in all the major benchmarks is now the second 10% drop this year. That is not a common occurrence. Two drops of 10% in less than a year has only happened 8 times since 1973, and each one resulted in further declines and recessions, except in 1987.

The post-election rally was impressive. But by Friday’s close, bellwethers Netflix and Facebook closed lower than where they had closed on election day. The current crash in housing stocks and weakness in the Semis is ominous as well. Retail (XRT) the strongest sector gave up its attempt at entering a bullish phase. High Yield debt (HYG or JNK) needs to hold current levels or that will be yet another red flag for stocks.

The Dow Industrials has assumed leadership and remains in a bullish phase, with strength primarily coming from consumer staples and big cap healthcare stocks. Disney approached all-time highs on Friday after earnings.

Sentiment Indicators remain elevated (negative for stocks), while short term market internals are overbought. Sector rotation indicates the Market is bracing for a serious downturn, since safety plays such as big cap consumer staples and healthcare gained on Friday, while equites in general faltered.

[BullBear52x]

as long as there is LL, there will be no counter trend setup on my book.
down 1%+ still don't see much of a buying.

[daytradingES]

est LOD for ES
est rng => 45.75 and range rule => 47.25

support 27.75 so nothing to hold it but I don't think "they" will let it fall too much today.
too much politics in the markets so unless some "out of the blue" news they should buy it at day's end, however there is no rush so they'll keep playing the low end taking out each new wave of sell stops they create with each bounce. (these "they"s are the manipulators)

[Cobra]

members only update at 11:02 am
http://www.cobrasmarketview.com/2018/11 ... ay-update/

[daytradingES]

the above was like 20 min ago - came back to
review in light of recent post so the submit was not actioned