Back to www.cobrasmarketview.com

   

08/14/2019 Live Update

Re: 08/14/2019 Live Update

Postby BullBear52x » Wed Aug 14, 2019 2:34 pm

Last chance for north bound train, Chuu choooooo.......All abroad
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 20664
Joined: Tue Feb 22, 2011 3:47 pm

Re: 08/14/2019 Live Update

Postby Al_Dente » Wed Aug 14, 2019 2:47 pm

Sectors, daily
Is any sector above its 20ma?
No
Is any sector below its 200sma?
Yes, two of them are below

814sectors.png
User avatar
Al_Dente
 
Posts: 22351
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/14/2019 Live Update

Postby Al_Dente » Wed Aug 14, 2019 2:52 pm

INTRADAY:
NY down-volume is 8x up-volume
HOD for bears
User avatar
Al_Dente
 
Posts: 22351
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/14/2019 Live Update

Postby Mr. BachNut » Wed Aug 14, 2019 3:00 pm

Mr. B checking in.

The NYMO cycle remains down.
There was an attempt to correct to the zero line, but it fell quite short.
The next few days could be interesting (as if the last few weren't...) as we could get a lower price low with a positive NYMO divergence... or not.

We have cleared a lot of gaps over the last several days and opened two fresh ones above.
There is a lot of space between current trade and these targets in both directions. Hmmm...

It is plausible, if last week's lows hold, that we could try another test of the highs.
This could make for a nice ascending wedge. (blue orange lines)
However, the 50 MA has been acting as resistance. (bearish)
If we continue to drop, the lower keltner band is soon to rendezvous with the 200 day MA at about SPX 2800.
That could be an important level. If it fails, we could see some serious capitulation below the June and March lows.
One day at a time. I haven't got a clue what will happen.

I am flat. It has been difficult trading for me the last week.
My R2K short runner was break-even stopped.
My SPX short runner was closed on a triggered long set-up.
I balked on the long given the lack of NYMO support.
Usually not executing is a bad idea, but this time looks good.
The market could run without me here, but I think fresh setups will lock and load ahead.

NYMO 81419.jpg
User avatar
Mr. BachNut
 
Posts: 2403
Joined: Thu Feb 24, 2011 2:28 pm

Re: 08/14/2019 Live Update

Postby Al_Dente » Wed Aug 14, 2019 3:01 pm

HAPPY HOUR
User avatar
Al_Dente
 
Posts: 22351
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/14/2019 Live Update

Postby BullBear52x » Wed Aug 14, 2019 3:05 pm

well, deep pocket always win
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 20664
Joined: Tue Feb 22, 2011 3:47 pm

Re: 08/14/2019 Live Update

Postby Cobra » Wed Aug 14, 2019 3:05 pm

finally 51% chances of double bottom.
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: 43515
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/14/2019 Live Update

Postby Mr. BachNut » Wed Aug 14, 2019 3:07 pm

Another thing. Today is the second high TRIN day this week.
Anecdotally, TRIN pairs seem to precede a bit of a bounce or a pause.
Not an edge, but something to keep in mind.
User avatar
Mr. BachNut
 
Posts: 2403
Joined: Thu Feb 24, 2011 2:28 pm

Re: 08/14/2019 Live Update

Postby Al_Dente » Wed Aug 14, 2019 3:11 pm

LEADERS CHARTS update, daily
Other than SPY, there is only one other leader that is printing a higher low

814leaders.png
User avatar
Al_Dente
 
Posts: 22351
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/14/2019 Live Update

Postby BullBear52x » Wed Aug 14, 2019 3:13 pm

Chart for the road: Stick to your playbook, this is daily Trend following, dip buying, as long as this baby not failing, trend is up, What is your time frame to trade? that is the question I asking myself all the time, stick to what works. Peace!
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 20664
Joined: Tue Feb 22, 2011 3:47 pm

Re: 08/14/2019 Live Update

Postby Al_Dente » Wed Aug 14, 2019 3:23 pm

VIX is now at 22.30
Up 27.28%
:o
User avatar
Al_Dente
 
Posts: 22351
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/14/2019 Live Update

Postby Cobra » Wed Aug 14, 2019 3:24 pm

failed double bottom, breakout on the downside is more likely.
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: 43515
Joined: Sat Feb 12, 2011 10:29 pm

Postby MrMiyagi » Wed Aug 14, 2019 3:27 pm

Cobra wrote:failed double bottom, breakout on the downside is more likely.


THE DREADED TRIPLE-BOTTOM FAILURE...................
User avatar
MrMiyagi
 
Posts: 10219
Joined: Sun Oct 16, 2011 12:48 pm

Re: 08/14/2019 Live Update

Postby Cobra » Wed Aug 14, 2019 3:52 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: 43515
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/14/2019 Live Update

Postby brokebybernacke2 » Wed Aug 14, 2019 3:52 pm

BullBear52x wrote:Last chance for north bound train, Chuu choooooo.......All abroad


maybe better chances down the tracks
brokebybernacke2
 
Posts: 1556
Joined: Wed Sep 21, 2011 10:10 am

Re: 08/14/2019 Live Update

Postby Cobra » Wed Aug 14, 2019 3:54 pm

Well, guess that's it for today. here's what Thursday looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387

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: 43515
Joined: Sat Feb 12, 2011 10:29 pm

Previous

Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot], Google Adsense [Bot] and 5 guests