12/06/2018 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.

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

down more likely from here?

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/12 ... ay-update/

[Trades with cats]

Dionysian Toast at Futures.io suggesting the timid should Sit On Hands first 15 minutes today.

[te_fern]

Dionysian Toast at Futures.io suggesting the timid should Sit On Hands first 15 minutes today.

I was already thinking I might sit on my hands all day!!

[BullBear52x]

Time to find a sweet spot, 20 handles move either way in 2 min day.

[Trades with cats]

FuturesTrader71 suggesting that if you don't have full margin in your account ($6,600 per ES contract) don't be trading today. So don't go into today with just daytrader margin.

[BullBear52x]

I am testing the water, buy.

[brokebybernacke2]

etrade option pricing issues

[Trades with cats]

Good call Bull Bear, I saw that buy also but I am meek so I am waiting for the craziness to clear up.

[Trades with cats]

Fullish model up with buy sell points for all major investment categories from the guy who nailed it this week.
https://www.zerohedge.com/news/2018-12- ... ppens-next

[brokebybernacke2]

ES 12-18 (2000 Tick) 2018_12_06 (8_39_08 AM).png

Good call Bull Bear, I saw that buy also but I am meek so I am waiting for the craziness to clear up.

brave! i spy 263.3. might gain some bull courage then...

[BullBear52x]

I got stop out, Oy...

Look at $SPXADP 2016 and now for a day scalping, a dead cat bounce special for the die-hard. 80% decline day.

2016

And now....

[BullBear52x]

buy back in at 48

[brokebybernacke2]

buy back in at 48

super brave! anyone issues with options orders??

[BullBear52x]

buy back in at 48

super brave! anyone issues with options orders??

I trade /ES and /YM right now. Ameritrade.

[Trades with cats]

Bigger picture says 2640 should ( on paper anyway) offer some support.

We all know the real concern, these waterfall drops usually come in 3's and the next one could set us up to test the year's low.
If the Nomura quant continues to be correct then the hedge funds could rip the bottom out of the market. So plenty of reasons to be nervous. Waiting for Larry Kudlow to assure us all is well.

[BullBear52x]

once I lock in 20 points ahead, then I will wait and see

[BullBear52x]

now the Cash SPX is aligned with support on the buy side.

[daytradingES]

6:54 AM 12/6/2018
At 7:15 a.m. ET, Dow e-minis 1YMc1> were down 400 points, or 1.6 percent. S&P 500 e-minis were down 41.5 points, or 1.54 percent and Nasdaq 100 e-minis were down 138.75 points, or 2.04 percent.

The losses in the first few minutes of trading might have been even steeper, but CME Group's Chicago Mercantile Exchange implemented a series of 10-second trading halts that helped limit the initial drop.

-------
7:13 AM 12/6/2018
LONDON (Reuters) - Oil lost nearly 5 percent on Thursday, after OPEC signaled it may agree to a smaller output cut than expected and as concern over the economic impact of trade tensions hit global stocks.

"Overall, this shows the weak momentum in the market right now and it has clearly not been helped by what has happened over night ... with the sell-off in stocks and weakness in bond yields," Saxo Bank senior manager Ole Hansen said.
"But (OPEC) know how to handle markets. They might be talking it down and then delivering a sucker-punch a bit later, that could also be the outcome."

["HANDLE" = READ MANIPULATE]
-------
9:01 AM 12/6/2018
Dir -1
Mid Chg -6
Range est 63.75, 50.50

06-Dec
High=2669.25
Low=2648.50

H/L est 2669.25 2603.00 66.25

[daytradingES]

9:20 AM 12/6/2018
Trade1
ES 12-18 Sim101
Short 1@2666.5
cls=2657.5
12/6/2018 8:45:36 AM
12/6/2018 8:50:21 AM
MFE= 500
MAE=50
Profit $450
--------
Trying to sell 2661.25