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10/24/2019 Live Update

10/24/2019 Live Update

Postby Cobra » Thu Oct 24, 2019 9:23 am

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testing the previous high, key time. I think bias is up.
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Re: 10/24/2019 Live Update

Postby Cobra » Thu Oct 24, 2019 9:26 am

the members only update starts here: http://www.cobrasmarketview.com/2019/10 ... ay-update/

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Re: 10/24/2019 Live Update

Postby Heck » Thu Oct 24, 2019 9:58 am

All Three C/P Option Sentiment Indicators = DOWN

Sentiment = GREED = DOWN
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Re: 10/24/2019 Live Update

Postby Cobra » Thu Oct 24, 2019 10:06 am


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Re: 10/24/2019 Live Update

Postby Cobra » Thu Oct 24, 2019 10:07 am

it's morning hourly filled black bar
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Re: 10/24/2019 Live Update

Postby Mr. BachNut » Thu Oct 24, 2019 10:16 am

The NYMO cycle remains up.
It has been steadily climbing above the zero line in small increments.
It seems to be moving like the little engine that could, which is to say that it is straining to climb the hill but is managing to get the job done.
While a corrective move down to the zero line would be normal, this thing could simply exhaust itself and turn.

Price has been making some upward progress as well.
The last up gap target is less than 10 handles above this morning's high.
The last days of October are generally supportive of equity prices, so bulls have a shot at that target.
On the other hand we are back to 10 open gaps below. At least a few of those will get closed in due course.
I have some data suggesting some vulnerability ahead, but nothing is actionable for me until price turns.

The upper and lower keltner bands are closing.
Narrowing bands can set the stage for a nice tradeable move.
Whichever band (top or bottom) gets tagged first should set a bias.

I still have an SPX runner position and a core R2K position.
Since last post, I scaled out a profit unit in R2K. Would like to scale out one more before leaving a runner.

NYMO 102419.jpg
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Re: 10/24/2019 Live Update

Postby Cobra » Thu Oct 24, 2019 10:35 am

it may or may not be a downtrend day but since until break below yesterday's low there're lots of supports so I treat it as a range day anyway.
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Re: 10/24/2019 Live Update

Postby Al_Dente » Thu Oct 24, 2019 11:09 am

Recent news: ODD LOTS ARE BACK
Why that matters: “...it could be a ‘game-changer’ for investors...”
https://www.marketwatch.com/story/charl ... =rss&rss=1
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Re: 10/24/2019 Live Update

Postby Cobra » Thu Oct 24, 2019 11:20 am

now it's clearly a range day. about 51% chances being a down in the morning then up and up (such as now) the rest of the day type of day. let's see.
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Re: 10/24/2019 Live Update

Postby Al_Dente » Thu Oct 24, 2019 11:48 am

TWTR is not in QQQ
It is in XLC
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Re: 10/24/2019 Live Update

Postby Cobra » Thu Oct 24, 2019 11:56 am


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Re: 10/24/2019 Live Update

Postby Al_Dente » Thu Oct 24, 2019 12:16 pm

TODAY after the close: AMZN, FSLR, INTC, TMUS, V
Friday, October 25:
Before the open: VZ
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Re: 10/24/2019 Live Update

Postby Cobra » Thu Oct 24, 2019 12:23 pm

ok, now we know it's not a down in the morning up and up the rest of the day type of day, it's just a range day. now the question is where the range low is.
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Re: 10/24/2019 Live Update

Postby Al_Dente » Thu Oct 24, 2019 12:25 pm

$NYDEC:$NYADV = 1.4X
$NYDNV:$NYUPV = 2.2X

(healthy selling volume, but narrow based)
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Re: 10/24/2019 Live Update

Postby JFR » Thu Oct 24, 2019 12:31 pm

ES, YM and RTY gap up, filled. NQ gap up, not filled.


2019-10-24_0928.png
Last edited by JFR on Thu Oct 24, 2019 12:34 pm, edited 1 time in total.
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Re: 10/24/2019 Live Update

Postby JFR » Thu Oct 24, 2019 12:33 pm

ES daily. Still in the base, at the top of it, well above the EMA 20.


2019-10-24_0932.png
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Re: 10/24/2019 Live Update

Postby JFR » Thu Oct 24, 2019 12:38 pm

ES five minutes. Up and down like a yo-yo. Relatively clean moves. Bulls and bears taking turns.


2019-10-24_0935.png
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Re: 10/24/2019 Live Update

Postby JFR » Thu Oct 24, 2019 12:42 pm

Some DOW stocks up for the day.


2019-10-24_0941.png
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Re: 10/24/2019 Live Update

Postby Cobra » Thu Oct 24, 2019 12:43 pm

maybe the range low was in?
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Re: 10/24/2019 Live Update

Postby JFR » Thu Oct 24, 2019 12:46 pm

And some DOW stocks down for the day.


2019-10-24_0945.png
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