Back to www.cobrasmarketview.com

   

05/07/2019 Live Update

Re: 05/07/2019 Live Update

Postby Trades with cats » Tue May 07, 2019 10:43 am

Lots of bets on a double bottom. (860 contracts)Same two points lower at 88.50
Trades with cats
 
Posts: 8237
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/07/2019 Live Update

Postby Cobra » Tue May 07, 2019 10:45 am

breakdown with a good looking bear bar then it'd be downtrend day with perhaps later day reversal up. down and down day has been rare.
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.
User avatar
Cobra
Site Admin
 
Posts: 44438
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/07/2019 Live Update

Postby te_fern » Tue May 07, 2019 10:47 am

Trades with cats wrote:te-fern I had not looked at a regular hours chart. Those gaps look like bomb craters! I have VWAP at 2901.50. You would think we would get there when the euro time zone crowed closes out their shorts for the day.

You saw the articles on how much Goldman gets for themselves plus several billion for clients on the Uber IPO so no way they let this get out of hand. Of course the White House will do what it can to help them get the market back up.


I would agree with the IPO's coming we should find some support around here....
te_fern
 
Posts: 2873
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/07/2019 Live Update

Postby Trades with cats » Tue May 07, 2019 10:50 am

DOM shows lumps at ES 2895 sellers, and ES 2888.25 2888.5 buyers.
Trades with cats
 
Posts: 8237
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/07/2019 Live Update

Postby Al_Dente » Tue May 07, 2019 10:53 am

5min
1) SPX finally filled that 12 April gap
2) 1/VIX is starting to wedge
3) QQQ "knock three times" is failing; cyan box target just below that
57five.png.png
Last edited by Al_Dente on Tue May 07, 2019 10:55 am, edited 1 time in total.
User avatar
Al_Dente
 
Posts: 22887
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/07/2019 Live Update

Postby Trades with cats » Tue May 07, 2019 10:54 am

As the people who are paid to write (cough, Cobra, cough) say, tops are a process. Looking for next week to turn ugly with the IPO stuff behind us and nothing but politics to move the market. :) Admit that this volatility is way more exciting to trade.
Trades with cats
 
Posts: 8237
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/07/2019 Live Update

Postby Mr. BachNut » Tue May 07, 2019 10:55 am

Mr. BachNut wrote:We have two down gap targets within striking distance at 2888.32 and 2778.20.


First target tagged.
User avatar
Mr. BachNut
 
Posts: 2426
Joined: Thu Feb 24, 2011 2:28 pm

Re: 05/07/2019 Live Update

Postby JFR » Tue May 07, 2019 10:57 am

Pushing down for now.


2019-05-07_0755.png
User avatar
JFR
 
Posts: 2835
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/07/2019 Live Update

Postby BullBear52x » Tue May 07, 2019 10:57 am

I am eyeing 78.25 (big dream)

but that is next level that make sense for now.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 21506
Joined: Tue Feb 22, 2011 3:47 pm

Postby MrMiyagi » Tue May 07, 2019 11:06 am

Super-bearish day with 92% down volume and VIX at 20. Thanks Donnie!
User avatar
MrMiyagi
 
Posts: 10249
Joined: Sun Oct 16, 2011 12:48 pm

Re: 05/07/2019 Live Update

Postby te_fern » Tue May 07, 2019 11:14 am

Still in bear channel....
Attachments
SPX.PNG
te_fern
 
Posts: 2873
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/07/2019 Live Update

Postby Daniel » Tue May 07, 2019 11:24 am

BullBear52x wrote:I think the bottom is in now...

IWM undercut yest's low (made at the open) and is now above, it may be bottoming...
Daniel
 
Posts: 3284
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/07/2019 Live Update

Postby te_fern » Tue May 07, 2019 11:30 am

Trying to escape to the upside....
Attachments
SPX.PNG
te_fern
 
Posts: 2873
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/07/2019 Live Update

Postby 1der » Tue May 07, 2019 11:32 am

Lol!! Just learned something new in the arena of “how brokers manipulate their clients accounts” -

Interactive Btokers pop up “we repriced your Stop Order so it would not cross your set stop price”

Had a stop for my SPY long at 288.11, just before it gets there they repriced and triggered at 288.12. Had not seen that before :shock:

So, I got long again immediately at 288.14 because they were doing me a favor!!! :lol:
Last edited by 1der on Tue May 07, 2019 11:43 am, edited 1 time in total.
1der
 
Posts: 612
Joined: Thu Mar 24, 2011 4:03 pm

Re: 05/07/2019 Live Update

Postby BullBear52x » Tue May 07, 2019 11:38 am

wishful thinking, one more shakeout before a bottom is in today.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 21506
Joined: Tue Feb 22, 2011 3:47 pm

Re:

Postby Daniel » Tue May 07, 2019 11:38 am

MrMiyagi wrote:Super-bearish day with 92% down volume and VIX at 20. Thanks Donnie!

It's making Mr. BachNut happy.
:)
Daniel
 
Posts: 3284
Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/07/2019 Live Update

Postby Trades with cats » Tue May 07, 2019 11:39 am

Ninja has a setting so your stops are on your computer, not at the brokers. Assume some other programs offer the same.
Trades with cats
 
Posts: 8237
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/07/2019 Live Update

Postby Trades with cats » Tue May 07, 2019 11:41 am

Did I just miss a Fed Announcement or a jobs report or something?
Trades with cats
 
Posts: 8237
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/07/2019 Live Update

Postby JFR » Tue May 07, 2019 11:44 am

Riding the volatility. One minute chart on ES. Discrete moves large enough for scalps. Taking a break ...


2019-05-07_0841.png
User avatar
JFR
 
Posts: 2835
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/07/2019 Live Update

Postby Cobra » Tue May 07, 2019 12:07 pm


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: 44438
Joined: Sat Feb 12, 2011 10:29 pm

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: No registered users and 6 guests