11/16/2018 Live Update

[Cobra]

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the pullback overnight is being bought?

[Cobra]

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

[BullBear52x]

/ES overnight, Bull flag

[Daniel]

With today's strong gap down on UUP, it is safe to say that it has been decisively rejected at the 26 level. Back within the range.

Q then becomes: will it travel to the lower end of the extended range of about a dollar or so? Even if one does not trade currencies, we must always keep one eye on the dollar.

[BullBear52x]

for cash index, 5 min. swing is on the sell, sooo....bulls need to be on top of the sunny hills (5 DMA) to continue the bullishness that they worked so hard for yesterday.

[Daniel]

bulls need to be on top of the sunny hills (5 DMA) to continue the bullishness that they worked so hard for yesterday.

And the sunny hills need to be sloping upward, as well. This is still a dangerous market for longs, even tho seasonally favorable.

[BullBear52x]

Intraday, I am getting ready to buy this 2x botttom. let see.

[BullBear52x]

bulls need to be on top of the sunny hills (5 DMA) to continue the bullishness that they worked so hard for yesterday.

And the sunny hills need to be sloping upward, as well. This is still a dangerous market for longs, even tho seasonally favorable.

There is Turkey god before Santa, it will turn.

[Rezito]

To bad I sold the puts befire the close yesterday...will reload on the bounce. Credit markets are still nervous and no sign of a medium term bottom yet.

[BullBear52x]

Bears fear me!

[Daniel]

Too bad I sold the puts before the close yesterday...will reload on the bounce. Credit markets are still nervous and no sign of a medium term bottom yet.

Congratulations on eradicating that "stupid signature thingy" as you described it. It's no fun being a walking advert for Tapatalk. ..

As far as the credit markets being "still nervous"-- by what metric are you seeing that? And can that level of nervousness be quantified?

[Daniel]

Bears fear me!

And bulls fear you as well!

[Daniel]

Also, a warning from Stock Trader's Almanac that Nov Opex Friday can be quite volatile.

[BullBear52x]

Well I took the dog for a walk and now the HOD is 2724.75 vs est of 2726.5 or 1.75 difference
LOD 2771.25 verses est of 2677.50 dif or 6.25 dif

(as I posted earlier I thought they were dead wrong --- and learn At least BB stuck to his guns!)

Good job BB

Thanks daytradingES, anything pops today boss?

[BullBear52x]

Yesterday's high will be do or die on both team.

[Rezito]

Too bad I sold the puts before the close yesterday...will reload on the bounce. Credit markets are still nervous and no sign of a medium term bottom yet.

Congratulations on eradicating that "stupid signature thingy" as you described it. It's no fun being a walking advert for Tapatalk. ..

As far as the credit markets being "still nervous"-- by what metric are you seeing that? And can that level of nervousness be quantified?

Thanks for letting me know about it.
I'm referring to the cost of insuring against corporate defaults.

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2018/11 ... ay-update/

[Cobra]

it's morning hourly hollow red

[Daniel]

IWM gap fill. SPY not yet. QQQ not close to it.

..update: bit of a fade-the-fill on IWM, it spent maybe a minute green. SPY never did go green, has also faded... but still above daily VWAP and an upslope 15min 20ema.

TLT w a strong 15min bull bar to its HOD.

[te_fern]

TICKs seem weak this morning....