11/13/2019 Live Update

[Cobra]

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no idea up or down from here but it's near the range low so maybe rebound to range high?

[JFR]

ES daily. In the same base, well above the EMA 20.

[Cobra]

the members only update starts here: http://www.cobrasmarketview.com/2019/11 ... ay-update/

[JFR]

Overnight gap down on ES, NQ, YM and RTY. As the Hearings are about to begin. They have my attention.

[JFR]

Like submerged divers, they are coming up for air. Back later ...

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2019/11 ... ay-update/

[Al_Dente]

At yesterday’s new highs, just 3.8% percent of the SPX-500 stocks were at 52-week highs
5% of the QQQ-100 stocks hit 52-week highs
1.17% of smalls (SML-600 stocks) hit 52-week highs
that's not impressive

[Cobra]

it's morning hourly hollow red

[Al_Dente]

It's time to finally put the entire "buyback blackout" myth to pasture…. it is now clear that companies deploy buybacks even more aggressively during "blackout" period.
https://www.zerohedge.com/markets/what- ... to+zero%29

[Cobra]

it's bear's last chance here. more likely it's just a range day and the low might already be in. let's see.

[Cobra]

higher low (green arrow)? not confirmed yet, just a guess. why higher low is important? because it's needed to confirm the low was in.

[BullBear52x]

Sell, very important resistance.

[BullBear52x]

3091 pivot. this is a must hold down for bears or you know the routine.

[BullBear52x]

sell signal, sell only day today for me.

[Trades with cats]

So far short side is a way to donate money to the market but MACD and ADX (10) are saying this move up is a fake out. Futures Trader 71 pointed out the POC on the composite this morning and I gotta agree it looks like a tasty target.

[Trades with cats]

Tin foil hat comment. IF Goldman and B of A buy back desks are having active days then what "should" be a flat to down day isn't going to happen. As was said in the interview with the head trader, the corporate board committees that are their customers much prefer them buying dips below VWAP and this morning sure looked like that sort of an opportunity. Just say'in.

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2019/11 ... ay-update/

[Trades with cats]

I should say for the handful of companies that made new highs, since most are no where close according to my internet feed.

[BullBear52x]

same story

[BullBear52x]

be patience tomorrow we should get a big move day, the BB is getting tight and based on $TRIN the big move should be to the down side for now. TRIN > 1 as of now.