Back to www.cobrasmarketview.com

12/31/2018 Live Update

Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 12/31/2018 Live Update

Post by Daniel »

Bonds staying green, and near their hod, after AM session weakness. They're rising along with stocks this past half hour.. so that argues against 'mandatory rebalancing' as a current factor effecting price. .. :|
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/31/2018 Live Update

Post by Al_Dente »

Al_Dente wrote:Regarding that ETF return chart that I posted earlier:
If u sort by “return – 1 month”, u will find DGAZ up 140% on the month :o :o
Further trivia:
ETFs that were up more than 10% THIS MONTH are:
Short nat gas
Short oil and oil & gas
Short smalls, S&P, dow, QQQ, semis
LONG silver and gold and gold miners
Short China (yang)
Short emerging
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/31/2018 Live Update

Post by BullBear52x »

2520ish or HOW (last week high) to take out Friday Calls before reversal for a bearish scenario, if no heavy selling after new weekly high (few points) bulls got a chance to flaten out until mid month for new money to come in.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/31/2018 Live Update

Post by Al_Dente »

RE: ZERO
any "consensus" has the contrarians chomping at the bit
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/31/2018 Live Update

Post by BullBear52x »

I am looking to see a test of last week high today
My comments are for entertainment/educational purpose only. NOT a trade advice.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/31/2018 Live Update

Post by te_fern »

Al_Dente wrote:
Al_Dente wrote:Regarding that ETF return chart that I posted earlier:
If u sort by “return – 1 month”, u will find DGAZ up 140% on the month :o :o
Just eye balling the chart, but it looked like DGAZ fell from 325 to 50 something in November. Talk about a volatile stock!! LOL!
This is not investment or trade advice.
Daniel
Posts: 3482
Joined: Fri Feb 10, 2012 4:27 pm

Re: 12/31/2018 Live Update

Post by Daniel »

Ho. Look at YEN. ETF FXY as proxy for yen vs. basket of currencies, note it testing its August high mark. Whereas UUP is sniffing at a 20day low. (Donchian sell signal-- based on his simple rule that every significant new 20day low is a sell signal.)
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/31/2018 Live Update

Post by te_fern »

BullBear52x wrote:I am looking to see a test of last week high today
Been waiting on your optimism sir, I'm ready to go!! :D
This is not investment or trade advice.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/31/2018 Live Update

Post by BullBear52x »

Candle Musing, well, this is not a bull friendly if park here today :twisted:
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
daytradingES
Posts: 2245
Joined: Thu Sep 13, 2012 10:46 am

Re: 12/31/2018 Live Update

Post by daytradingES »

te_fern wrote:dtES range and a small pasta box!
thanks Fern! :mrgreen:

Happy New Year !!!!!!!!!!!!! :D
Educational only and not trading advice (EO&NTA) :)
Good trading to all
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/31/2018 Live Update

Post by Al_Dente »

BullBear52x wrote:Candle Musing, well, this is not a bull friendly if park here today :twisted:
nice chart boss :D
HAPPY NEW YEAR :geek:
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/31/2018 Live Update

Post by Al_Dente »

To paraphrase Al Brooks: “It’s either a trend candle or a doji. Period.”
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/31/2018 Live Update

Post by BullBear52x »

Al_Dente wrote:
BullBear52x wrote:Candle Musing, well, this is not a bull friendly if park here today :twisted:
nice chart boss :D
HAPPY NEW YEAR :geek:
Thank you, same to you and everyone in Snakeville.
My comments are for entertainment/educational purpose only. NOT a trade advice.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/31/2018 Live Update

Post by te_fern »

BullBear52x wrote:
Al_Dente wrote:
BullBear52x wrote:Candle Musing, well, this is not a bull friendly if park here today :twisted:
nice chart boss :D
HAPPY NEW YEAR :geek:
Thank you, same to you and everyone in Snakeville.
I'd like to second that and wish everyone a happy new year! It's been fun hanging out with ya'll and look forward to it in 2019. A special thank you to Cobra for having us!!
This is not investment or trade advice.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/31/2018 Live Update

Post by te_fern »

Climbing trend lines today. Definitely got the "V" going on so far!!
Attachments
SPX.PNG
This is not investment or trade advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 12/31/2018 Live Update

Post by Trades with cats »

Longer term views. Pretzel Logic commenting that we have had 5 waves down and three up. He is calling this up move a fourth wave of a larger third wave down. That pattern fits with 401K money as the 5th wave down could trigger early January leaving all that new cash for a large ABC correction in the up direction. Either a sucker rally or a move to new highs which can not yet be ruled out.

Alistair on twitter was pointing out that from the high of the year we have retraced to the Fib 38% level.

I would post some bullish opinions but I haven't seen any other than sell side analysts. At least Harknet at Merrill is saying the bad stuff happens in the first half then the market starts recovering. The futures markets are in agreement looking for the Fed to be cutting rates within two years.

As a day trader none of it makes a large difference, but the overall trend does tell you which side to take more of a risk on.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/31/2018 Live Update

Post by BullBear52x »

on a second floor of support so far.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/31/2018 Live Update

Post by te_fern »

At the top of my rectangle. Does the market have enough buyers left to push through?
Attachments
SPX.PNG
This is not investment or trade advice.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 12/31/2018 Live Update

Post by te_fern »

Sold my Semi's for lunch money. Just not doing much....
Attachments
SOXL.PNG
This is not investment or trade advice.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/31/2018 Live Update

Post by Cobra »

testing day high, key time. bulls feels strong though.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Post Reply