Back to www.cobrasmarketview.com

04/17/2019 Live Update

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

Re: 04/17/2019 Live Update

Post by Daniel »

Al_Dente wrote:last five days: gains were all in the pre-market, then selloff near the open. here's proof (gray area is aftermarket and pre-market)
Excellent observation (and graphic), AD.

This is a classic pattern of institutional selling. They run the price up on light volume, then sell into the elevated price and the greatly enhanced volume levels at the Open and shortly thereafter. Then during the day, when volume is light, they let bullish Mom and Pop float the market back up. This accounts for the pattern Cobra has been highlighting.

:|
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 04/17/2019 Live Update

Post by Trades with cats »

3:30 and 3:45 seem to be the most popular times for that late day 5 point algo run.
User avatar
Cobra
Site Admin
Posts: 58502
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/17/2019 Live Update

Post by Cobra »


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.
User avatar
Cobra
Site Admin
Posts: 58502
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/17/2019 Live Update

Post by Cobra »

well, guess that's it for today. here's what Thursday looks like. 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
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