Cobra's Market View

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.

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

no idea up or down from here, always assume up is more likely. possible range day.

members only update starts here: http://www.cobrasmarketview.com/2019/04 ... ay-update/

Very bullish market, but without a pull back is not a healthy one. sell first and will see.

Overnight/weekend gap down on DIA IWM QQQ and SPY.

GLD TLT USO UUP

82ish, see 5min. intraday is very oversold now. no reversal in 1min I can see yet.

I am eying 78.5 from here if we got LL

at the worst it's a range day. lower chances it's an uptrend day.

We got LOD lower than Friday's LOD and Gap down, to have a bearish reversal we need gap and go (down direction) action today, that is trading lower and close under 38.2%

SPY 30 second chart from this morning with PBar from around 5AM Pacific / 8am ET
The 30 second chart really shows that they have some meaning:

I am anticipating a relief rally pull back this week so I will try to sell rips more aggressively than the usual.

WHO’S BUYING?
GS shows buyers, but only to the end of 2018.
They have Q1, 2019 stats. Why not show us that too ??
https://pbs.twimg.com/media/D3kWHYcXsAAoXTl.jpg

The bearish chart pattern starts to show up, the early birds are on deck and ready.

Looks llike the $VIX is agreeing with me to atm.

Posted Friday:
“makes me nervous to see Tech neg divergence
easily cured, but caution until it is cured”

TODAY:
Looks like that Tech neg divergence was prescient, but it means nothing until PRICE BREAKS
5min

15 minute bars, regular hours only. That is relative volume based on the last 120 days. It is horrid.

Ties in nicely with Gandalf's comments on Bloomberg News today. He is saying that the lack of human fund managers (buying value) has forced funds to use volatility derivatives. His bottom line liquidity and volatility are inversely correlated because of all the stupid (no human control) ETF's and I also add momentum chasing strategies. Anyway, in this low volume environment going into what everyone claims is the worst earnings season in a couple of years with funds going massively short VIX and related products we could be setting up for an avalanche, just need the trigger.

Third try. Not interested in going short until I see a real failure. Way to likely to pull back and make it through on the fourth try.

Lowering the earnings estimates across-the-board makes it easier to “beat”
If u can’t even beat the dismal lower bar, then you are in trouble
No urgency until Friday with JPM eps