Back to www.cobrasmarketview.com

   

08/19/2019 Live Update

08/19/2019 Live Update

Postby Cobra » Mon Aug 19, 2019 9:25 am

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.
========================================================================================================================================================================

this bull may have legs, touching the upper horizontal line is possible?
Attachments
ES60min.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: 43742
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/19/2019 Live Update

Postby Cobra » Mon Aug 19, 2019 9:27 am


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: 43742
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/19/2019 Live Update

Postby brokebybernacke2 » Mon Aug 19, 2019 9:46 am

bulls must hold, no fading allowed.
brokebybernacke2
 
Posts: 1563
Joined: Wed Sep 21, 2011 10:10 am

Re: 08/19/2019 Live Update

Postby Cobra » Mon Aug 19, 2019 10:03 am


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: 43742
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/19/2019 Live Update

Postby Cobra » Mon Aug 19, 2019 10:04 am

it's morning hourly filled black bar.
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: 43742
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/19/2019 Live Update

Postby Al_Dente » Mon Aug 19, 2019 10:11 am

overnight p-bars on SPY
819overnight.png.png
User avatar
Al_Dente
 
Posts: 22497
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/19/2019 Live Update

Postby JFR » Mon Aug 19, 2019 10:37 am

Overnight gap up on DIA, IWM, QQQ and SPY.


2019-08-19_0846.png
Last edited by JFR on Mon Aug 19, 2019 11:47 am, edited 1 time in total.
User avatar
JFR
 
Posts: 2542
Joined: Sun Dec 02, 2012 7:24 pm

Re: 08/19/2019 Live Update

Postby te_fern » Mon Aug 19, 2019 10:40 am

Maybe a tradable bounce!!
Attachments
SPX.PNG
te_fern
 
Posts: 2685
Joined: Tue Nov 24, 2015 3:35 pm

Re: 08/19/2019 Live Update

Postby te_fern » Mon Aug 19, 2019 10:44 am

2943 is the last 8 day high, does it want to push to that???
Attachments
SPX.PNG
te_fern
 
Posts: 2685
Joined: Tue Nov 24, 2015 3:35 pm

Re: 08/19/2019 Live Update

Postby Cobra » Mon Aug 19, 2019 10:56 am

break above the day high with strong bull bar in the next couple of bars then it's an uptrend day, pullback then it's a range day. my guess is a range day.
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: 43742
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/19/2019 Live Update

Postby Daniel » Mon Aug 19, 2019 10:58 am

te_fern wrote:2943 is the last 8 day high, does it want to push to that???

SPY 50day MA is around 294ish..
Daniel
 
Posts: 3273
Joined: Fri Feb 10, 2012 4:27 pm

Re: 08/19/2019 Live Update

Postby Mr. BachNut » Mon Aug 19, 2019 11:05 am

Mr. B going to chillax for awhile.

Looks like the NYMO cycle low may be in.
We are above the zero line this morning and we have a higher low and higher high.
I want to see a positive close, preferably two to confirm.

Price is back to the middle keltner and about to close an open up gap target.
We have gaps above and below from trade so far this month. Messy!

There are certain markets I like to call shake and bake.
Stops get run on both longs and shorts at least once and perhaps multiple times in a rectangular or broadening pattern.
Last week seemed to fit that bill.
My attitude is that such times are Mr. Market clearing the decks and rattling nerves before delivering the move that is waiting in the cards.
Maybe it starts soon. Maybe it starts after Labor Day (after some more fakes), but there is a move lurking out there.
Let's see what happens.

I am still flat and thinking about some vacation.
So, my plan is to do nothing unless I get a compelling setup.
Given event flow ahead, that is possible but I kinda hope nothing consequential happens... :roll:

NYMO 081919.jpg
User avatar
Mr. BachNut
 
Posts: 2406
Joined: Thu Feb 24, 2011 2:28 pm

Re: 08/19/2019 Live Update

Postby Trades with cats » Mon Aug 19, 2019 11:08 am

ES 09-19 (15 Minute) 2019_08_19 (9_02_32 AM).png


Pretty clear where we are looking at the July and August composite. Since we are in an area of prior "fair value" I think it will take some serious coin to move on up from here. Out of ammo on the trade tweets for now. Super Jay invoked "The Cone of Silence" so no help from the FOMC until Friday morning. Could be a boring week.
Trades with cats
 
Posts: 7962
Joined: Sat Oct 11, 2014 4:40 pm

Re: 08/19/2019 Live Update

Postby Daniel » Mon Aug 19, 2019 11:09 am

QQQ is right AT a major inflection point.. 50day and 20day MAs and current price are all the same. 188.50 would clear both MAs. Meanwhile, SPY and IWM are consolidating just below their HOD.
Last edited by Daniel on Mon Aug 19, 2019 11:12 am, edited 1 time in total.
Daniel
 
Posts: 3273
Joined: Fri Feb 10, 2012 4:27 pm

Re: 08/19/2019 Live Update

Postby JFR » Mon Aug 19, 2019 11:11 am

From MarketWatch

https://www.marketwatch.com/story/us-st ... od=markets

Apple Inc. AAPL, +2.65% Chief Executive Officer Tim Cook warned Trump at dinner Friday that tariffs could hurt his company and give rivals an advantage. Trump said Cook “made a very compelling argument, so I’m thinking about it.”


Tariff Man likes to play I win/You lose.


2019-08-19_0807.png
User avatar
JFR
 
Posts: 2542
Joined: Sun Dec 02, 2012 7:24 pm

Re: 08/19/2019 Live Update

Postby Daniel » Mon Aug 19, 2019 11:19 am

IWM hod. And now, spy as well.
Daniel
 
Posts: 3273
Joined: Fri Feb 10, 2012 4:27 pm

Re: 08/19/2019 Live Update

Postby Al_Dente » Mon Aug 19, 2019 11:20 am

Best performing dow stock: AAPL

from JFR's Market Watch link that he just posted:
AAPL: Chief Executive Officer Tim Cook warned Trump at dinner Friday that tariffs could hurt his company and give rivals an advantage. Trump said Cook “made a very compelling argument, so I’m thinking about it.”
User avatar
Al_Dente
 
Posts: 22497
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/19/2019 Live Update

Postby JFR » Mon Aug 19, 2019 11:21 am

ES daily. Chop, chop for a few days. Floating back up to the EMA 20. Is there enough hot air to push through?

Back later ...


2019-08-19_0818.png
User avatar
JFR
 
Posts: 2542
Joined: Sun Dec 02, 2012 7:24 pm

Re: 08/19/2019 Live Update

Postby te_fern » Mon Aug 19, 2019 11:23 am

Grinding market. Took my cup of coffee profit. Maybe should have let my stop loss work, but didn't want to take an actual loss....
Attachments
SPX.PNG
te_fern
 
Posts: 2685
Joined: Tue Nov 24, 2015 3:35 pm

Re: 08/19/2019 Live Update

Postby te_fern » Mon Aug 19, 2019 11:24 am

Will follow the stop loss 20EMA on 5 min chart and see if I would have done better! Learning.....
te_fern
 
Posts: 2685
Joined: Tue Nov 24, 2015 3:35 pm

Next

Return to Traders Lounge

Who is online

Users browsing this forum: No registered users and 20 guests