01/04/2019 Live Update

[Cobra]

members only update at 10:35 am
http://www.cobrasmarketview.com/2019/01 ... ay-update/

[Mr. BachNut]

Tried to post a bit earlier but a glitch screwed it up and now have no time. Groans...
Quickly, Yesterday's gap target closed but a new gap target below.

NYMO is in the upper turn zone.
Not an edge but one of three likely scenarios ahead:
1. Bull run. We are seeing a breadth thrust which is very bullish.
2. Overshoot corrected. We have rebounded from grossly oversold condition. We will plateau and consolidate a bit higher before a next move, which could go either way.
3. Peaking. November 7 is a fine example.

Time will tell which we get.

I got long some R2K and short some SPX yesterday (following different setups).
The SPX got stopped and the R2K has scaled out a profit unit leaving a runner.

[BullBear52x]

The recovery is in full swing.

today will be a good day, wait for this crazy to wind down.

[Cobra]

testing Dec 28 high here so normal a little pullback. likely a strong uptrend day today at least this bull shall have legs.

[Mr. BachNut]

$CPCI reading of yesterday told me we are going up but, this is more than I ever imagine. my intraday plan is to sell the rip then will see from there. big bottom c&H

Cup & handle looks well shaped now. Target = 2,596.58.

Failure to complete and a break of yesterday's low would probably be a good bear tell as well.

[Trades with cats]

Looks like a small sell program just triggered.

[BullBear52x]

put on my lucky hat, I am on a bear train now at 23 tp is some where in mid BB

[Al_Dente]

NY advancing was almost 7x declining
difficult to sustain that without a pullback

NOPE
NY advancing issues now 7.5x declining
NY advancing volume now 8.4x declining

[Al_Dente]

Looks like a small sell program just triggered.

boss, what are you using to tell about buy/sell programs

[BullBear52x]

not greedy mid BB is good enough

[Trades with cats]

Well, I do see three moves up. The real question is will the pullback be an ABC or a five wave impulse down.

[BullBear52x]

that was quick.

wait now, buy is the next move.

[BullBear52x]

hop on Bulls train now. @13

[Trades with cats]

I am no good at head and shoulder formations. It looks like we could be forming one now as a top so Bulls better find some more pension money to put to work fast.

[BullBear52x]

aiming at 24ish

[JFR]

Overnight gap up. Run up. Now basing.

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2019/01 ... ay-update/

[JFR]

Big picture. We are at a resistance area. It might take some heavy lifting to get through.

[BullBear52x]

buy next dip. in a waiting mode now.

[BullBear52x]

I will chase this bull flag, there's money all over places