09/16/2019 Live Update

[Cobra]

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the rebound overnight looks like a bear flag, so will resume down to test the overnight low?

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2019/09 ... ay-update/

[JFR]

ES daily. Pulled back somewhat. Still well above the EMA 20.

[JFR]

Overnight/weekend gap down on ES, NQ, YM and RTY. RTY filled the gap in a hurry.

[Heck]

All Three Option Sentiment Indices = DOWN

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2019/09 ... ay-update/

[Cobra]

it's morning hourly hollow red.

[Al_Dente]

TICK update
15min

[Al_Dente]

Warning: stockcharts is bad again on the 1min and 2min timeframes, maybe more

[BullBear52x]

sellers stepping in.

[BullBear52x]

Warning: stockcharts is bad again on the 1min and 2min timeframes, maybe more

Every day on an active day, something will be wrong with them, $TRIN is gone missing too.

[JFR]

ES one minute. Down to support.

Back later.

[Al_Dente]

15m

[Cobra]

The bull's first chance here, sharp rebound then it'd be higher low, the low was in. Either way, it's a range day.

[BullBear52x]

I am eyeing 91ish.

[Al_Dente]

Barron’s:
“Jamie Baker, who covers air carriers for JPM, has a simple, turbulent trading rule he calls “down 30 in 30” … buy shares of United Airlines Holdings (UAL) and its predecessor Continental each time they fall 30% or more in 30 days, and hold for 180 days. Just before this past week, Baker issued a note saying American had triggered his trading rule. He’s up a quick 8%.”
https://www.barrons.com/articles/value- ... 1568412936

[Al_Dente]

Here’s a usable ratio that plots the rotation out of Growth and into Value:
$RAG:$RAV
or its converse:
$RAV:$RAG

[BullBear52x]

New LOD will slide to down trend day. just saying.

91ish

[BullBear52x]

Today is the first daily LL price action, tomorrow we will see the bull fighting back, not today. nope, nah ah.

[Al_Dente]

From the late Bill O’Neil’s old classic:
" If the original market leaders begin to falter, and lower-priced, lower-quality, more-speculative stocks begin to move up, watch out !
When the old dogs begin to bark, the market is on its last feeble leg. Laggards can’t lead the market higher. Among the telltale signs are the poor-quality stocks that start to dominate the most-active list on market “up” days. This is simply a matter of weak leadership trying to command the market. If the best ones can’t lead, the worst certainly aren’t going to do so for very long.”