08/30/2019 Live Update

[Cobra]

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.

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

most breakouts are simply false, let's see if it's true again this time.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2019/08 ... ay-update/

[Trades with cats]

End of the month going into a holiday. No volume, news driven market. My guess is Goldman is doing what they do to keep options premium using Tim Cook's cash with the support of the FOMC and White House.

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2019/08 ... ay-update/

[Cobra]

it's morning hourly filled black bar.

[Heck]

Two/Three Option Sentiment Indicators = UP

[Al_Dente]

So it appears that the sugar daddy is the FED more than corporate buybacks
“When the Fed sells Treasuries, asset prices struggle, but when the Fed buys Treasuries [LIKE NOW], asset prices have surged.”
https://www.zerohedge.com/markets/secon ... suries-qe4

[te_fern]

Watching this ST trend line...

[te_fern]

Almost a triple bottom will it hold???

[Cobra]

at the best for bulls it's a range day.

[te_fern]

Think I'm going to go do something else before I put on a bad trade. Everyone have a good long weekend! See you Tuesday!

[Trades with cats]

Ha, there is no bad trade, just a trade that did not go as you anticipated!

[Trades with cats]

Trying to bottom as the Euro time zone traders head home.

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2019/08 ... ay-update/

[Cobra]

if there's another leg down it should start around here, key time.

[Al_Dente]

options traders are still bull-spx, but they pull back a bit as they watch spx fail on the 60min

[Al_Dente]

INTRADAY
That little rally was short covering
It didn’t change the dial enough on the AD which favors bulls at 1.38x at the moment, and that is not strong enough yet for bulls
(but changes quickly)

[Cobra]

bulls are not safe yet need do more.

[Al_Dente]

INTRADAY
That little rally was short covering
It didn’t change the dial enough on the AD which favors bulls at 1.38x at the moment, and that is not strong enough yet for bulls
(but changes quickly)

1.1x now

[Trades with cats]

I think bulls have failed. I think the only thing that could save us from the September swoon would be Trump announcing dinner plans in Beijing.
Next earnings season will be the third quarter of overall declines in the totals (NOT per Share) according to the experts. Sooner or later market has to catch down to bonds, because it is pretty clear bonds aren't interested in catching up to the market.