12/17/2018 Live Update

[Trades with cats]

Warren in Westwood (UCLA area of LA) has started tweeting the MOC numbers. 1.5 billion $ sell for openers.

[QED]

.
Opinion: Stock investors, you have now been warned for the last time

Published: Dec 15, 2018

https://www.marketwatch.com/story/stock ... 2018-12-14

.

[Trades with cats]

Well here we are at what some claim is the traditional witching hour when the pro's get liquidated by the margin clerks and it looks like we are bottoming. If nothing else this has to be setting up a nicely oversold market ready to snap back when the FOMC throws some crumbs to the bulls.

[Cobra]

members only update at 3:03 pm
http://www.cobrasmarketview.com/2018/12 ... ay-update/

[Al_Dente]

HAPPY HOUR
https://www.youtube.com/watch?v=3KK6sMo8NBY

[JFR]

Big picture. SPY daily, one year. It ain't pretty.

[Al_Dente]

Pisani, just now
"Of course we're in a bear market"

[JFR]

Bigger picture. SPY weekly. Not that bad, especially if one does some short sales. But do stay away from window ledges.

[Al_Dente]

NOW the SPX new intraday low is 2539.16
(The SPX Feb low was 2532.69)

[JFR]

I looked back even further. Monthly SPY. 15 years. There are stocks that can be shorted on a swing basis. Plus the day trades and scalps.

[brokebybernacke2]

what time is Cramer fed tirade?

[Daniel]

IWM fresh lod

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2018/12 ... ay-update/

[Daniel]

Mr Top Step: MOC now 2.8B to sell

[Cobra]

well, guess that's it for today, Tuesday tomorrow has been mixed recently. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[Al_Dente]

Nice clean red downtrend channels
Until today
Today we did an overshoot
(that cyan target on the old SPX box is roughly 2417)
daily

[Mr. BachNut]

Mr. B checking in.

It is looking pretty gruesome out there.
However, NYMO has entered the "Turn Zone," the thin green line in the chart.
It can still drop further to the oversold zone (thick green line), but it is time to start looking for a low (maybe only for a bounce) in the days ahead.
Maybe after collecting stops below the February low, but who knows.

There is a big long standing gap target from September 2017 at 2461.43 that may get back on the radar if she keeps falling.

I am flat and done for the year.
Just spectating at this point unless a great opportunity sucks me in.
Next year is going to be amazing. So, I am trying to rest.

[QED]

.
@Trades with cats, I do not know if you are familiar with Raghee Horner, but she is an exceptional trader that has been at her craft for over 30 years. She provides a paid service, but she also has free videos. You may find tonights free video interesting since she is discussing the FOMC.

Link to her free video from tonight:

Futures: What does the FOMC have to do?
https://www.youtube.com/watch?v=RClC3Vt8y2k


Links to two sites that she discusses in the aforementioned video:

Fed Statement Tracker
https://projects.wsj.com/fed-statement-tracker-embed/

CME FedWatch Tool
https://www.cmegroup.com/trading/intere ... -fomc.html


A bonus link (not mentioned):

CME FedWatch Tool User Guide
https://www.cmegroup.com/tools-informat ... guide.html

.